NOT LISTED FOR SALE

86 Penny Ln Ithaca, NY 14850

Estimated Value: $308,000 - $339,000

2 Beds
1.5 Baths
1,230 Sq Ft
$260/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $285,000 $232 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,246/month

40 Days on Market

Highlights

  • Deck
  • Entrance Foyer
  • Ceiling Fan
  • DeWitt Middle School Rated A-
  • Tile Flooring
  • Baseboard Heating

About This Home

As of September 2023

This private end-unit has two bedrooms, one and a half baths, gleaming bamboo floors, and is very well maintained with space and light. Carefree living awaits, $285 monthly HOA covers exterior structure/roof maintenance, snow removal, lawn care, insurance, trash pickup, water, sewer, event space and community gardens. TCAT Bus is a very short distance, and the carport is $40/year. This town home is in the Commonland Community, just minutes to Cornell & IC.

Last Agent to Sell the Property

Zoe Leonard

Howard Hanna S Tier Inc License #10301222025 Listed on: 07/11/2023

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 1986

Lot Details

  • 1,742

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 1,230 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Belle Sherman Elementary School

Additional Features

  • Deck
  • 1,742 Sq Ft Lot
  • Baseboard Heating

Community Details

  • Association fees include common area insurance, sewer, snow removal, trash, water

Listing and Financial Details

  • Assessor Parcel Number 58.1-1-86

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.04
  • Directions: From Route 79 to Lois Lane, turn right onto Penny Lane. 1st driveway on left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1986
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Gas Oven, Gas Range, Refrigerator, Range Hood, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer
  • Living Area: 1230.0
  • Dining Room Type: Entry/Foyer
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage

Utilities

  • Heating: Electric, Baseboard
  • Heating Yn: Yes
  • Utilities: Sewer Available, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Association Fee: 285.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Area Insurance, Sewer, Snow Removal, Trash, Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 1742.0
  • Parcel #: 58.1-1-86
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Sep 19, 2023
Sold by
Feng Honglin and Sun Hongyan
Bought by
Gaonkar Nelima
Seller's Agent
Zoe Leonard
Howard Hanna S Tier Inc
Buyer's Agent
Hilda Moleski
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$248,000
Sold Price
$285,000
Premium/Discount to List
$37,000
14.92%
Current Estimated Value
$319,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,451
Avg. Annual Appreciation
5.16%
Original Mortgage
$160,000
Outstanding Balance
$156,607
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$162,844

Purchase Details

Listed on
May 31, 2021
Closed on
Jul 30, 2021
Sold by
Li Yi and Liu Xiaoxia
Bought by
Feng Honglin and Sun Hongyan
Seller's Agent
Jenny Chai
Ithaca Real Estate, Inc.
Buyer's Agent
Zoe Leonard
Howard Hanna S Tier Inc
List Price
$219,000
Sold Price
$221,000
Premium/Discount to List
$2,000
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.62%
Original Mortgage
$176,800
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 10, 2016
Closed on
Jun 20, 2016
Sold by
Grandizio Jean
Bought by
Li Yi
Buyer's Agent
Jenny Chai
Ithaca Real Estate, Inc.
List Price
$189,900
Sold Price
$185,000
Premium/Discount to List
-$4,900
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.54%

Purchase Details

Listed on
May 22, 2014
Closed on
Aug 4, 2014
Sold by
Mckee Patrick J
Bought by
Grandizio Jean M
Seller's Agent
Siu-Ling Chaloemtiarana
Warren Real Estate of Ithaca Inc.
List Price
$182,000
Sold Price
$182,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Original Mortgage
$40,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2013
Closed on
May 20, 2013
Sold by
Collins Linda Robinson
Bought by
Mckee Patrick J
Buyer's Agent
Siu-Ling Chaloemtiarana
Warren Real Estate of Ithaca Inc.
List Price
$165,000
Sold Price
$163,000
Premium/Discount to List
-$2,000
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$100,000
Interest Rate
2.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2010
Sold by
Myers John H
Bought by
Collins Linda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,200
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Mckenna Michael
Bought by
Myers John H

Purchase Details

Closed on
Oct 21, 1996
Sold by
Nichols Raymond E
Bought by
Ulmer Sean M and Stinson Edward L

Purchase Details

Closed on
Apr 14, 1994
Sold by
Bucknam Donald and El Mary
Bought by
Jennifer Nichols Raymond E and Jennifer Parent-Nichols
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
Gaonkar Nelima $285,000 None Available
Feng Honglin $221,000 None Available
Li Yi $185,000 Jonathan Albanese
Grandizio Jean M $182,000 Crittenden Don R
Mckee Patrick J $163,000 Wheeler Mark B.
Collins Linda R $146,000 Virginia Tesi
Myers John H $91,500 Jonathan Albanese
Ulmer Sean M $64,500 --
Jennifer Nichols Raymond E $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaonkar Nelima $160,000
Previous Owner Feng Honglin $176,800
Previous Owner Grandizio Jean M $40,000
Previous Owner Mckee Patrick J $100,000
Previous Owner Collins Linda R $102,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2023 09/19/23 Sold $285,000 +14.9% $232 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $248,000 +12.2% $202 / Sq Ft
07/30/2021 07/30/21 Sold $221,000 +0.9% $180 / Sq Ft View Prior Sale
06/30/2021 06/30/21 Pending -- -- --
05/31/2021 05/31/21 For Sale $219,000 +18.4% $178 / Sq Ft
06/20/2016 06/20/16 Sold $185,000 -2.6% $150 / Sq Ft View Prior Sale
05/21/2016 05/21/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $189,900 +4.3% $154 / Sq Ft
08/05/2014 08/05/14 Sold $182,000 0.0% $148 / Sq Ft View Prior Sale
07/06/2014 07/06/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $182,000 +11.7% $148 / Sq Ft
05/20/2013 05/20/13 Sold $163,000 -1.2% $133 / Sq Ft View Prior Sale
04/20/2013 04/20/13 Pending -- -- --
03/08/2013 03/08/13 For Sale $165,000 -- $134 / 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 $6,867 $270,000 $15,250 $254,750
2023 $6,193 $220,000 $15,250 $204,750
2022 $6,254 $220,000 $15,250 $204,750
2021 $5,665 $185,000 $15,250 $169,750
2020 $5,665 $185,000 $15,250 $169,750
2019 $2,596 $185,000 $15,250 $169,750
2018 $5,679 $182,000 $15,250 $166,750
2017 $5,788 $182,000 $6,100 $175,900
2016 $5,295 $182,000 $6,100 $175,900
2015 -- $182,000 $6,100 $175,900
2014 -- $163,000 $6,100 $156,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB409056

APN: 503089-058-001-0001-086-000-0000