NOT LISTED FOR SALE

42 Penny Ln Ithaca, NY 14850

Estimated Value: $214,992 - $235,000

2 Beds
1 Bath
864 Sq Ft
$300/mo HOA Fee

Last Sold August 26, 2024

Last sale price $210,000 $243 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,862/month

44 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Walk-In Pantry
  • DeWitt Middle School Rated A-
  • Granite Countertops
  • Cul-De-Sac

About This Home

As of August 2024

Efficient and attractive, this 2 bedroom condo is ideal for easy living. No need to worry about exterior maintenance or landscaping – it’s all done for you. While it isn’t very big, it feels bigger than it is thanks to the 2 levels. On the main level you have a living dining combo with bamboo flooring and a large bay window. Just off the dining area is the efficient kitchen with granite counters, a breakfast bar and newer appliances, as well as a walk-in pantry/laundry. Upstairs are 2 bedrooms with hardwood floors and a full bath. Plenty of parking plus a reserved carport with a storage closet. HOA fees (currently $300/mo) cover water, sewer, garbage, roof, snow removal, exterior maintenance and landscaping, community
laundry facilities. Bus stop nearby plus access to miles of fascinating hiking trails. Go to commonlandithaca.org for more information.

Last Agent to Sell the Property

Linda Hirvonen

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-592-3665 License #30HI0646949 Listed on: 07/12/2024

Last Buyer's Agent

Siu-Ling Chaloemtiarana

Warren Real Estate of Ithaca Inc. License #30CH0747719

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,002

Year Built

  • Built in 1983

Lot Details

  • 871

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Carport
  • Open Parking
  • Assigned Parking

Home Design

  • Wood Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

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

  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Patio
  • Cul-De-Sac
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 58.1-1-42

Community Details

Overview

  • Association fees include common area maintenance, common area insurance, maintenance structure, trash
  • Commonland Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,002

Year Built

Built in 1983

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.02
  • Lot Size: 17X54
  • Road Frontage Type: City Street
  • Subdivision Name: Commonland
  • Directions: Off Route 79 going east . A right turn between Honness Lane and Pine Tree Rd. Turn left on Penny Lane.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Apartment
  • Year Built Details: Existing
  • Year Built: 1983
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Apartment
  • Attribution Contact: 607-592-3665
  • Special Features: None
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Hardwood, Other, See Remarks, Varies
  • Interior Amenities: Breakfast Bar, Entrance Foyer, Granite Counters, Living/Dining Room, Pantry, Walk-In Pantry
  • Living Area: 864.0
  • Dining Room Type: Laundry, Entry/Foyer
  • Stories: 2

Exterior Features

  • Lot Features: Cul-De-Sac, Near Public Transit, Residential Lot
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Assigned, Covered, Carport, Open, One Space

Utilities

  • Laundry Features: Main Level
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other, See Remarks
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, Common Area Insurance, Maintenance Structure, Trash

Schools

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

Lot Info

  • Parcel #: 58.1-1-42
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5002.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2016
Closed on
Jan 9, 2017
Sold by
Pobric Belma
Bought by
Peggs Stephen Grenfell
Seller's Agent
Laurel Guy
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Laurel Guy
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$139,000
Sold Price
$134,000
Premium/Discount to List
-$5,000
-3.6%
Current Estimated Value
$223,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,498
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Oct 6, 2011
Sold by
Pobric Belma
Bought by
Pobric Belma

Purchase Details

Closed on
Aug 18, 2006
Sold by
Donato Leslie
Bought by
Pobric Belma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.88%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2000
Sold by
Knapp James W
Bought by
Willmert Leslie
Source: Public Records
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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
Peggs Stephen Grenfell $134,000 Aldridge Elizabeth
Peggs Stephen Grenfell $134,000 Elizabeth Aldridge
Pobric Belma -- --
Pobric Belma $95,000 Jonathan Albanese
Willmert Leslie $43,000 Masler Mark
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pobric Belma $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2024 08/26/24 Sold $210,000 0.0% $243 / Sq Ft
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®

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 $4,826 $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

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1551734

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