40 Penny Ln, Ithaca, NY 14850
OFF MARKET

40 Penny Ln
Ithaca, NY 14850

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

$259,100

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $1,815/mo*

$259,100

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $1,815/mo*
2 Beds
1 Bath
1,152 sqft

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

Description

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 $259,100, with a rent estimate of $1,524/month.

Home Highlights

Parking
No Info
Outdoor
Porch
A/C
Heating & Cooling
HOA
$300/Monthly
Price/Sqft
No Info
Listed
180+ days ago

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
Last check for updates: about 5 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

Price History for 40 Penny Ln

DatePriceEventSource
07/17/2024$239,900Sold
NYSAMLSs #R1538384
05/21/2024$235,000ContingentITMLS #R1538384
05/16/2024$235,000Listed For SaleITMLS #R1538384
06/05/2020$166,000Sold
NYSAMLSs #IB401272
02/13/2020$169,500PendingAgent Provided
01/28/2020$169,500Listed For SaleAgent Provided
07/24/2014$135,000Sold
NYSAMLSs #IB140785
04/29/2014$134,000Listed For SaleAgent Provided
08/07/2007$109,000Sold
N/A
02/19/2003$70,000Sold
N/A
06/05/2001$48,890Sold
N/A
06/12/1998$48,900Sold
N/A
02/07/1995$56,500Sold
N/A

Market trends in Ithaca

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$404K
$17.17K
MoM
Sale-to-List Price
Price per sq ft
$229
$1
MoM
Available listings
156
25
MoM
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Property Tax and Assessment

Year2025
Tax
Assessment$220,000
Home facts updated by county records

Comparable Sales for 40 Penny Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.14
Single-Family Home
$295,000
03/17/26
1
1
1,050
0.31
Single-Family Home
$338,000
10/08/25
2
2
1,536
0.33
Single-Family Home
$383,500
06/05/26
2
2
1,284
0.33
Single-Family Home
$395,000
09/18/25
3
2.5
1,940
0.82
Single-Family Home
$183,000
05/29/26
2
1
772
0.38
Single-Family Home
$455,000
09/30/25
3
2
1,637
0.24
Single-Family Home
$511,000
08/18/25
4
2
1,880
0.34
Single-Family Home
$400,000
11/25/25
4
2.5
1,852

Nearby homes

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Assigned Schools

These are the assigned schools for 40 Penny Ln.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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

Apartments for Rent

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Homes for sale near 40 Penny Ln

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Off Market Homes Near 40 Penny Ln

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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 2026-07-06 09:32:52 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.