NOT LISTED FOR SALE

40 Penny Ln Ithaca, NY 14850

Estimated Value: $202,000 - $258,000

2 Beds
1 Bath
1,152 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $239,900 $208 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,017/month

61 Days on Market

Highlights

  • Property is near public transit
  • Enclosed Patio or Porch
  • Breakfast Bar
  • DeWitt Middle School Rated A-
  • Window Unit Cooling System
  • Ceramic Tile Flooring

About This Home

As of July 2024

Move right in to easy living with this conveniently located two bedroom condo. Open concept kitchen and living room. The Commonland community is very close to Cornell University, Ithaca College, and downtown Ithaca. Direct access to 6 mile creek with acres of nature surrounding you, waterfalls and trails.

Last Agent to Sell the Property

Havana Jorrin

Warren Real Estate of Ithaca Inc. License #40JO1164500 Listed on: 05/16/2024

Last Buyer's Agent

Marissa Makie

Berkshire Hathaway HomeServices Heritage Realty License #10401266720

Berkshire Hathaway HomeServices Heritage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1983

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 28x53

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway
  • Shared Driveway

Schools

  • Belle Sherman Elementary School

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Electric Water Heater

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit

Community Details

  • Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 58.1-1-40

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,270

Year Built

Built in 1983

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Lot Size: 28X53
  • Road Frontage Type: City Street
  • Directions: Slaterville Road to Lois Lane to Penny Lane
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1983
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Varies
  • Interior Amenities: Breakfast Bar
  • Living Area: 1152.0
  • Dining Room Type: Porch
  • Stories: 2

Exterior Features

  • Lot Features: Greenbelt, Near Public Transit, Residential Lot
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Poured
  • Patio And Porch Features: Enclosed, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: No Garage, Shared Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 58.1-1-40
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4270.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Jun 8, 2020
Sold by
Ryan Patti A
Bought by
Rummings Julie A
Seller's Agent
Hallie Magden
Howard Hanna S Tier Inc
Buyer's Agent
Havana Jorrin
Warren Real Estate of Ithaca Inc.
List Price
$169,500
Sold Price
$166,000
Premium/Discount to List
-$3,500
-2.06%
Current Estimated Value
$236,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,537
Avg. Annual Appreciation
7.03%
Original Mortgage
$157,700
Outstanding Balance
$140,405
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$96,132

Purchase Details

Closed on
Feb 14, 2020
Sold by
Goetz Kent
Bought by
Rayan Patti A

Purchase Details

Listed on
Apr 29, 2014
Closed on
Jul 28, 2014
Sold by
Shimabuku Annamarie
Bought by
Ryan Patti A
List Price
$134,000
Sold Price
$135,000
Premium/Discount to List
$1,000
0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$81,000
Interest Rate
4.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 6, 2007
Sold by
Cohen Josephine
Bought by
Shimabuku Annamaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
6.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 19, 2003
Sold by
Berger Rhoda
Bought by
Cohen Josephine

Purchase Details

Closed on
Jun 5, 2001
Sold by
Roth Ronald M
Bought by
Berger Rhoda

Purchase Details

Closed on
Jun 12, 1998
Sold by
Lynch Brian M
Bought by
Roth Ronald M and Roth Debra A

Purchase Details

Closed on
Dec 11, 1994
Sold by
Tarall Neil C
Bought by
Lynch Brian M and Landenberger Rebecca L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rummings Julie A $166,000 None Available
Rayan Patti A -- None Available
Ryan Patti A $135,000 Sulimowicz Sharon
Shimabuku Annamaria $109,000 David Parks
Cohen Josephine $70,000 Don R Crittenden
Berger Rhoda $48,890 Jonathan O Albanese
Roth Ronald M $48,900 --
Lynch Brian M $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rummings Julie A $30,000
Open Rummings Julie A $157,700
Previous Owner Ryan Patti A $81,000
Previous Owner Shimabuku Annamaria $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2024 07/17/24 Sold $239,900 +2.1% $208 / Sq Ft
05/16/2024 05/16/24 For Sale $235,000 +41.6% $204 / Sq Ft
06/05/2020 06/05/20 Sold $166,000 -2.1% $144 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $169,500 +25.6% $147 / Sq Ft
07/24/2014 07/24/14 Sold $135,000 +0.7% $117 / Sq Ft
06/24/2014 06/24/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $134,000 -- $116 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,134 $200,000 $14,750 $185,250
2023 $5,134 $180,000 $14,750 $165,250
2022 $5,221 $180,000 $14,750 $165,250
2021 $4,800 $155,000 $14,750 $140,250
2020 $4,293 $155,000 $14,750 $140,250
2019 $2,220 $155,000 $14,750 $140,250
2018 $3,761 $135,000 $14,750 $120,250
2017 $3,818 $135,000 $5,900 $129,100
2016 $3,840 $135,000 $5,900 $129,100
2015 -- $135,000 $5,900 $129,100
2014 -- $115,000 $5,900 $109,100
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Havana Jorrin

    Warren Real Estate of Ithaca Inc.

    (607) 280-9032

    5 in this area

    59 Total Sales

    Section Image
  • Marissa Makie

    Buyer's Agent in 2024

    Marissa Makie

    Berkshire Hathaway HomeServices Heritage Realty

    (607) 659-4343

    1 in this area

    55 Total Sales

    Section Image
  • Hallie Magden

    Seller's Agent in 2020

    Hallie Magden

    Howard Hanna S Tier Inc

    (607) 227-2139

    3 in this area

    67 Total Sales

    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1538384

APN: 503089-058-001-0001-040-000-0000

New York Tompkins County Ithaca 14850

40 Penny Ln, Ithaca, NY

This home is located at 40 Penny Ln, Ithaca, NY 14850 since 16 May 2024 and is currently estimated at $236,537, approximately $205 per square foot. This property was built in 1983. 40 Penny Ln is a home located in Tompkins County with nearby schools including Belle Sherman School, DeWitt Middle School, and Ithaca Senior High School.

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