NOT LISTED FOR SALE

41 Penny Ln Ithaca, NY 14850

Estimated Value: $214,320 - $238,000

2 Beds
1 Bath
864 Sq Ft
$260/Sq Ft Est. Value

Last Sold August 01, 2017

Last sale price $140,000 $162 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,556/month

103 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • High Speed Internet
  • DeWitt Middle School Rated A-
  • Baseboard Heating
  • Energy-Efficient Windows

About This Home

As of August 2017

Well maintained CommonLand condo with new Anderson windows, good quality laminate flooring, and an energy efficient Fujitsu air conditioning/heating unit. Enjoy easy living convenient to hiking, restaurants, bus lines, and all of the bountiful Ithaca offerings. Only 2 miles to Cornell, 2.4 miles to Vet school, and 2 miles to downtown. HOA fee is $230/month. Located in the town of Ithaca where taxes are lower than the city. Current taxes are $3,720/year. To learn more about the community go to commonlandithaca.org.

Last Agent to Sell the Property

Claudia Lagalla

Howard Hanna S Tier Inc Brokerage Email: homes@clagalla.com License #10301206699 Listed on: 03/20/2017

Howard Hanna S Tier Inc

Last Buyer's Agent

Hilda Moleski

Warren Real Estate of Ithaca Inc. (Downtown) License #30MO1012648

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1983

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 18x53

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • No Driveway

Schools

  • Belle Sherman Elementary School

Utilities

  • Baseboard Heating
  • High Speed Internet

Additional Features

  • Energy-Efficient Windows
  • Patio

Community Details

  • Commonland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 503089 58.1-1-41

Home Details

Home Type

Single Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.02
  • Lot Size: 18X53
  • Water Body Name: None
  • Subdivision Name: Commonland
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Efficiency: Windows
  • Building Stories: 2
  • Year Built: 1983
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: homes@clagalla.com
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Laminate, Tile, Varies
  • Living Area: 864.0
  • Stories: 2

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Parking Features: No Garage, No Driveway

Utilities

  • Cooling: Other, See Remarks
  • Heating: Electric, Other, See Remarks, Baseboard
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 871.0
  • Parcel #: 503089 58.1-1-41
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2017
Closed on
Aug 2, 2017
Sold by
Finlay Constance
Bought by
Wan Morton Teng
Seller's Agent
Claudia Lagalla
Howard Hanna S Tier Inc
Buyer's Agent
Hilda Moleski
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$144,000
Sold Price
$140,000
Premium/Discount to List
-$4,000
-2.78%
Current Estimated Value
$224,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,580
Avg. Annual Appreciation
5.77%
Original Mortgage
$70,000
Outstanding Balance
$57,255
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$167,325

Purchase Details

Listed on
Jan 18, 2013
Closed on
Apr 23, 2013
Sold by
R. Higgins Burt S
Bought by
Finlay Constance
Buyer's Agent
Christine DelVecchio
Warren Real Estate of Ithaca Inc.
List Price
$113,900
Sold Price
$110,000
Premium/Discount to List
-$3,900
-3.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$85,000
Interest Rate
3.64%

Purchase Details

Closed on
Aug 20, 2007
Sold by
Gerovac Nicholas M
Bought by
Higgins Burt S

Purchase Details

Closed on
Jun 30, 2003
Sold by
Shaffer Michael J
Bought by
Gerovac Nicholas M

Purchase Details

Closed on
Jul 19, 1996
Sold by
O'Brien Julianne
Bought by
Shaffer Michael J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wan Morton Teng $140,000 Jonathan Albanese
Finlay Constance $110,000 Crittenden Don R.
Higgins Burt S $98,000 Jonathan Albanese
Gerovac Nicholas M $55,000 Jonathan Albanese
Shaffer Michael J $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wan Morton Teng $70,000
Previous Owner Finlay Constance $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2017 08/01/17 Sold $140,000 -2.8% $162 / Sq Ft
07/02/2017 07/02/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $144,000 +30.9% $167 / Sq Ft
04/23/2013 04/23/13 Sold $110,000 -3.4% $127 / Sq Ft View Prior Sale
03/24/2013 03/24/13 Pending -- -- --
01/18/2013 01/18/13 For Sale $113,900 -- $132 / 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 $4,586 $175,000 $10,250 $164,750
2023 $4,736 $165,000 $10,250 $154,750
2022 $4,789 $165,000 $10,250 $154,750
2021 $4,368 $140,000 $10,250 $129,750
2020 $4,355 $140,000 $10,250 $129,750
2019 $2,033 $140,000 $10,250 $129,750
2018 $4,278 $135,000 $10,250 $124,750
2017 $3,886 $120,000 $4,100 $115,900
2016 $3,905 $120,000 $4,100 $115,900
2015 -- $110,000 $4,100 $105,900
2014 -- $110,000 $4,100 $105,900
Source: Public Records

Agents Affiliated with this Home

  • Claudia Lagalla

    Seller's Agent in 2017

    Claudia Lagalla

    Howard Hanna S Tier Inc

    (607) 342-3749

    15 in this area

    126 Total Sales

    Claudia Lagalla
    Section Image

  • H

    Buyer's Agent in 2017

    Hilda Moleski

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 220-3369

    5 in this area

    97 Total Sales

    Hilda Moleski
    Section Image

  • C

    Buyer's Agent in 2013

    Christine DelVecchio

    Warren Real Estate of Ithaca Inc.

    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB309162

APN: 503089-058-001-0001-041-000-0000

New York Tompkins County Ithaca 14850

41 Penny Ln, Ithaca, NY

Not Listed for Sale

Detached

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