42 Penny Ln, Ithaca, NY 14850
Property image
Property image
FOR SALE

42 Penny Ln
Ithaca, NY 14850

East Ithaca
  • 2 Beds
  • 1 Bath
  • 864 sqft

$225,000

Est. Mortgage $1,941/mo*

$225,000

Est. Mortgage $1,941/mo*
2 Beds
1 Bath
864 sqft
We estimate this home will sell faster than 96% nearby.

Local Information

  • Map ViewExplore the area around 42 Penny Ln.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This 2 bedroom bi-level condo is PERFECT EASY LIVING! Attractive and efficient! The main level features a living/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, exterior maintenance and landscaping plus community laundry facilities. In 2027, the HOA has
planned siding repair and exterior painting for units #27 to #44. #42 is included. It will look fresh and new! Bus stop nearby. Access to miles of private fascinating hiking trails. Bird lovers paradise! A fabulous place to call home! Minutes to Cornell & Ithaca College, supermarket, drug store, banks & restaurants.
We estimate this home will sell faster than 96% nearby.

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
$370/Monthly
Price/Sqft
$260
Listed
36 days ago
Last check for updates: about 14 hours ago
Listing by: Warren Real Estate of Ithaca Inc., (607) 257-0666
Siu-ling Chaloemtiarana, (607) 279-2550
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1687334
Also Listed on NYSAMLSs.

Home Details for 42 Penny Ln

Active Status

MLS Status: Active

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: 864 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator, WasherDishwasherDisposalLaundry: Main LevelRefrigeratorWasher
Heating & Cooling
Heating: ElectricHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Hardwood, Varies

Exterior Features

Exterior Home Features
Patio / Porch: PatioExterior: Blacktop Driveway, PatioFoundation: Block
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a CarportHas a GarageParking Spaces: 1Parking: Carport,Other
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Days on Market: 36

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Other,See Remarks
Building
Construction Materials: Wood Siding
Property Information
Condition: ResaleParcel Number: 50308905800100010420000000

Price & Status

Price
List Price: $225,000Price Per Sqft: $260
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Ithaca TownCommunity: Commonland
School Information
Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School: Dewitt MiddleJr High / Middle School District: IthacaHigh School: Ithaca Senior HighHigh School District: Ithaca

Agent Information

Listing Agent
Listing ID: R1687334

Building

Building Area
Building Area: 864 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Ithaca Board of RealtorsHOA Fee: $370/Monthly

Lot Information

Lot Area: 871.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Conventional

Miscellaneous

Mls Number: R1687334Living Area Range Units: Square FeetAttribution Contact: 607-279-2550Universal Property Id: US-36109-N-50308905800100010420000000-R-N

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

Price History for 42 Penny Ln

DatePriceEventSource
06/03/2026$225,000Listed For SaleNYSAMLSs #R1687334
08/26/2024$210,000Sold
NYSAMLSs #R1551734
07/15/2024$210,000ContingentITMLS #R1551734
07/12/2024$210,000Listed For SaleITMLS #R1551734
05/02/2019$163,000Sold
NYSAMLSs #IB315885
02/27/2019$155,000PendingAgent Provided
02/19/2019$155,000Listed For SaleAgent Provided
01/10/2017$134,000Sold
NYSAMLSs #IB307422
12/06/2016$139,000PendingAgent Provided
09/22/2016$139,000PriceChange
Agent Provided
08/31/2016$145,000Listed For SaleAgent Provided
08/22/2006$95,000Sold
N/A
05/26/2000$43,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$185,000
Home facts updated by county records

Comparable Sales for 42 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
0.30
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
0.82
Single-Family Home
$183,000
05/29/26
2
1
772
0.33
Single-Family Home
$395,000
09/18/25
3
2.5
1,940
0.39
Single-Family Home
$455,000
09/30/25
3
2
1,637
0.25
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

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 42 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

Siu-ling Chaloemtiarana, Warren Real Estate of Ithaca Inc., (607) 257-0666
Agent Phone: (607) 279-2550
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 2026-07-09 09:46:23 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.
42 Penny Ln, Ithaca, NY 14850 is a 2 bedroom, 1 bathroom, 864 sqft single-family home built in 1983. 42 Penny Ln is located in East Ithaca, Ithaca. This property is currently available for sale and was listed by NYSAMLSs on Jun 3, 2026. The MLS # for this home is MLS# R1687334.