$225,000

42 Penny Ln Ithaca, NY 14850

Estimated payment $1,964/month

Total Views 136
2 Beds
1 Bath
864 Sq Ft
$260 Price per Sq Ft

Highlights

  • Hot Property
  • Property is near public transit
  • Wood Flooring
  • DeWitt Middle School Rated A-
  • Wooded Lot
  • Cul-De-Sac

About This Home

This 2 bedroom bi-level condo is PERFECT EASY LIVING! Attractive and efficient! The main level features a livign/dining combo with flooring and a large bay window. The convenient kitchen is across from the dining area. It has a breakfast bar with granite counters plus newer appliances, as well as a walk-in pantry/laundry. Upstairs are 2 bedrooms with hardwood floors and a full bath. There's abundant parking plus a reserved carport with a storage closet. HOA fees $370/mo. cover water, sewer, garbage, roof, snow removal, esxterior maintenance and landscaping plus community laundry facilities. Bus stop nearby. Access to miles of private fascinating hiking trails. Bird lvoers paradise! A fabulous place to call home! Minutes to Cornell & Ithaca College, supermarket, drug store, banks & restaurants.

Listing Agent

Siu-Ling Chaloemtiarana

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-279-2550 License #30CH0747719 Listed on: 06/03/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,555

Year Built

  • Built in 1983

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 18x53
  • Cul-De-Sac
  • Irregular Lot
  • Wooded Lot

HOA Fees

  • $370 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Carport
  • Driveway

Home Design

  • Block Foundation
  • Wood Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Schools

  • Belle Sherman Elementary School
  • Dewitt Middle School
  • Ithaca Senior High School

Utilities

  • Heating Available
  • Programmable Thermostat
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • Commonland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 503089-058-001-0001-042-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,555

Year Built

Built in 1983

Lot Details

871 Sq Ft Lot

HOA Fees

$370 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.02
  • Lot Size: 18X53
  • Road Frontage Type: City Street
  • Subdivision Name: Commonland
  • Directions: Take Route 79E. Commonland is right turn between Honness Lane and Pine Tree Road. Turn left on Penny Lane. #42 is in first cluster.
  • Architectural Style: Other, See Remarks
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1983
  • Attribution Contact: 607-279-2550
  • Special Features: None
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Hardwood, Varies
  • Interior Amenities: Breakfast Bar, Entrance Foyer, Programmable Thermostat
  • Living Area: 864.0
  • Dining Room Type: Laundry, Entry/Foyer
  • Stories: 2

Exterior Features

  • Lot Features: Cul-De-Sac, Irregular Lot, Near Public Transit, Residential Lot, Wooded
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Blacktop Driveway, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Carport, Other

Utilities

  • Laundry Features: Main Level
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 370.0
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Lot Size Sq Ft: 871.0
  • Parcel #: 503089-058-001-0001-042-000-0000

Tax Info

  • Tax Annual Amount: 4555.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $185,000 $10,250 $174,750
2024 $4,826 $185,000 $10,250 $174,750
2023 $5,001 $175,000 $10,250 $164,750
2022 $4,898 $175,000 $10,250 $164,750
2021 $4,224 $135,000 $10,250 $124,750
2020 $4,209 $135,000 $10,250 $124,750
2019 $1,970 $135,000 $10,250 $124,750
2018 $3,831 $120,000 $10,250 $109,750
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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2026 06/03/26 For Sale $225,000 +7.1% $260 / Sq Ft
08/26/2024 08/26/24 Sold $210,000 0.0% $243 / Sq Ft View Prior Sale
07/12/2024 07/12/24 For Sale $210,000 +28.8% $243 / Sq Ft
05/02/2019 05/02/19 Sold $163,000 +5.2% $189 / Sq Ft View Prior Sale
04/02/2019 04/02/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $155,000 +15.7% $179 / Sq Ft
01/10/2017 01/10/17 Sold $134,000 -3.6% $155 / Sq Ft View Prior Sale
12/11/2016 12/11/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $139,000 -- $161 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $134,000 Aldridge Elizabeth
Deed $134,000 Elizabeth Aldridge
Interfamily Deed Transfer -- --
Deed $95,000 Jonathan Albanese
Deed $43,000 Masler Mark
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $76,000 Unknown
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1687334

APN: 503089-058-001-0001-042-000-0000

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