40 Penny Ln, Ithaca, NY 14850
OFF MARKET

40 Penny Ln
Ithaca, NY 14850

East Ithaca
  • 2 Beds
  • 1 Bath
  • 1,152 sqft

$255,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,810/mo*
Refinance Your Home

$255,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,810/mo*
Refinance Your Home
2 Beds
1 Bath
1,152 sqft

Home Value

Trulia Estimate
$255K
Since last month
Increased$2K (+0.6%)
Since last year
Increased$800 (+0.3%)
Since last sale
Increased$17K (+7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +88% in the last 10 years
MonthEstimated value
2026
August 2026$257K
July 2026$255K
June 2026$259K
May 2026$257K
April 2026$255K
March 2026$254K
February 2026$256K
January 2026$255K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
22 Penny Ln, Ithaca, NY
0.05
Single-Family Home
$222,000
07/22/26
2
1
960
88 Penny Ln, Ithaca, NY
0.14
Single-Family Home
$295,000
03/17/26
1
1
1,050
110 Penny Ln, Ithaca, NY
0.31
Single-Family Home
$338,000
10/08/25
2
2
1,536
313 Sunnyview Ln, Ithaca, NY
0.33
Single-Family Home
$383,500
06/05/26
2
2
1,284
151 Westview Ln, Ithaca, NY
0.21
Single-Family Home
$390,000
07/17/26
3
2
1,447
111 Terrace View Dr, Ithaca, NY
0.33
Single-Family Home
$395,000
09/18/25
3
2.5
1,940
1568 Slaterville Rd, Ithaca, NY
0.82
Single-Family Home
$183,000
05/29/26
2
1
772
145 Pine Tree Rd, Ithaca, NY
0.38
Single-Family Home
$455,000
09/30/25
3
2
1,637

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
50 Penny Ln, Ithaca, NY 14850
0.05
$309,300
3
1.5
1,346
Off Market
42 Penny Ln, Ithaca, NY 14850
0.01
$225,000
2
1
864
For Sale
44 Penny Ln, Ithaca, NY 14850
0.02
$309,000
3
1
1,152
For Sale
36 Penny Ln, Ithaca, NY 14850
0.02
$250,100
2
1
864
Off Market
31 Penny Ln, Ithaca, NY 14850
0.02
$259,900
2
1
1,152
For Sale
30 Penny Ln, Ithaca, NY 14850
0.02
$233,900
2
1
864
Off Market
34 Penny Ln, Ithaca, NY 14850
0.04
$242,200
2
1
1,152
Off Market
22 Penny Ln, Ithaca, NY 14850
0.05
$222,000
2
1
960
Recently Sold
21 Penny Ln, Ithaca, NY 14850
0.06
$237,200
2
1
864
Off Market
86 Penny Ln, Ithaca, NY 14850
0.13
$311,800
2
1.5
1,230
Off Market
87 Penny Ln, Ithaca, NY 14850
0.14
$284,300
2
1
1,050
Off Market

Local Information

  • Map ViewExplore the area around 40 Penny Ln.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1983
Living Area
1,152 sqft
Price/Sqft
$222
HOA
$300/Monthly

About this House

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.
40 Penny Ln, Ithaca, NY 14850 is a 2 bedroom, 1 bathroom, 1,152 sqft single-family home in East Ithaca, built in 1983. It last sold for $239,900 on Jul 17, 2024 (2% above the $235,000 asking price). It is currently off market. The Trulia Estimate is $255,300, with a rent estimate of $1,845/month.
Last check for updates: about 9 hours ago
Listed by Havana Jorrin, (607) 280-9032
Warren Real Estate of Ithaca Inc.
Bought with: Marissa Makie, (607) 659-4343, Berkshire Hathaway HomeServices Heritage Realty
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1538384

Home Details for 40 Penny Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 5
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1152 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, WasherDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile, Laminate, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Ceramic Tile, Laminate, Varies

Exterior Features

Exterior Home Features
Patio / Porch: Enclosed, PorchExterior: Gravel DrivewayFoundation: Poured
Parking & Garage
No GarageParking: No Garage,Shared Driveway
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Two Story
Building
Construction Materials: Wood Siding
Property Information
Condition: ResaleParcel Number: 58.1140

Price & Status

Price
List Price: $235,000
Status Change & Dates
Off Market Date: Wed Jul 17 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: Ithaca Town
School Information
Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca

Building

Building Area
Building Area: 1152 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Ithaca Board of RealtorsHOA Fee: $300/Monthly

Lot Information

Lot Area: 1306.8 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, USDA Loan, VA Loan

Miscellaneous

Mls Number: R1538384Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-581140-R-N

Price and Tax history

DateEventPrice
Jul 17, 2024
Source: NYSAMLSs #R1538384
Sold
$239,900
May 21, 2024
Source: ITMLS #R1538384
Contingent
$235,000
May 16, 2024
Source: ITMLS #R1538384
Listed For Sale
$235,000
Jun 5, 2020
Source: NYSAMLSs #IB401272
Sold
$166,000
Feb 13, 2020
Source: Agent Provided
Pending
$169,500

Market trends in Ithaca

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$406K
$17.33KMoM
Sale-to-List Price
99.2%
1.1%MoM
Price per sq ft
$228
$6MoM
Available listings
145
2MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

East Ithaca
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Ithaca

At least 2 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say it's quiet

  • 100 % Say car is needed

  • 100 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 83 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 80 % Say it's walkable to restaurants

  • 67 % Say kids play outside

  • 63 % Say people would walk alone at night

  • 57 % Say it's walkable to grocery stores

  • 50 % Say there's wildlife

  • 50 % Say they plan to stay for at least 5 years

  • 50 % Say streets are well-lit

  • 44 % Say neighbors are friendly

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-08-20 14:58:41 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Frequently asked questions about 40 Penny Ln

  • What is 40 Penny Ln estimated to be worth?
    Trulia's estimated value for 40 Penny Ln in Ithaca, NY is $255,300.
  • What is the price history for 40 Penny Ln?
    40 Penny Ln in Ithaca, NY last sold for $239,900 in July 2024.
  • Is Ithaca a buyer's or seller's market?
    Ithaca is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Ithaca?
    The median sale price in Ithaca is $406K. That is up $17.33K from the prior month.
  • Does 40 Penny Ln have air conditioning?
    Yes, 40 Penny Ln in Ithaca, NY has air conditioning.
  • Does 40 Penny Ln have laundry facilities?
    Yes, 40 Penny Ln in Ithaca, NY has in-unit laundry.

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