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

7 Penny Ln
Ithaca, NY 14850

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

$269,900

Est. Mortgage $2,254/mo*

$269,900

Est. Mortgage $2,254/mo*
2 Beds
1 Bath
1,152 sqft

Local Information

  • Map ViewExplore the area around 7 Penny Ln.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Welcome to easy, convenient living in this charming townhouse located in the highly desirable Commonland community of Ithaca. Unbeatable location and lifestyle. Nature at your doorstep: just steps away from access to scenic Six Mile Creek. Enjoy acres of surrounding nature, waterfalls, and pristine hiking trails right outside your neighborhood. Unbeatable proximity to Cornell University, Ithaca College, and downtown Ithaca. Move effortlessly around with quick access to NYS Route 79 and nearby TCAT bus line. Whether you are a professional looking for a short commute, a first time homebuyer, or someone wanting to downsize into a low maintenance property, 7 Penny Lane delivers an ideal Ithaca lifestyle.

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
$370/Monthly
Price/Sqft
$234
Listed
28 days ago
Last check for updates: about 8 hours ago
Listing by: Warren Real Estate of Ithaca Inc. (Downtown), (607) 257-0666
David Wahl, (607) 227-3132
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1688040
Also Listed on NYSAMLSs.

Home Details for 7 Penny Ln

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Bedroom 1, Bedroom 2, Kitchen, Laundry
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1152 Square Feet
Appliances & Utilities
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Dryer, Electric Cooktop, Exhaust Fan, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range Hood, WasherDryerLaundry: Upper LevelMicrowaveWasher
Heating & Cooling
Heating: Propane,Zoned,Baseboard,ElectricHas CoolingAir Conditioning: Zoned,Wall Unit(s)Has HeatingHeating Fuel: Propane
Fireplace & Spa
Number of Fireplaces: 1Has a Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Laminate, Varies

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioExterior: Patio, Propane Tank - LeasedFoundation: Slab
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a CarportHas a GarageParking Spaces: 1Parking: Assigned,Carport,Two Spaces
Frontage
Not on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Days on Market: 28

Property Information

Year Built
Year Built: 1985
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Condominium
Building
Construction Materials: Wood Siding
Property Information
Condition: ResaleParcel Number: 50308905800100010070000000

Price & Status

Price
List Price: $269,900Price Per Sqft: $234
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Ithaca Town
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: R1688040

Building

Building Area
Building Area: 1152 Square Feet

Community

Not Senior Community

HOA

HOA Fee Includes: Common Area Maintenance, TrashHOA Name: Ccra, Inc.HOA Phone: 607-351-1596Association for this Listing: Ithaca Board of RealtorsHOA Fee: $370/Monthly

Lot Information

Lot Area: 1306.8 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: R1688040Living Area Range Units: Square FeetAttribution Contact: 607-227-3132Universal Property Id: US-36109-N-50308905800100010070000000-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 7 Penny Ln

DatePriceEventSource
06/05/2026$269,900Listed For SaleNYSAMLSs #R1688040
07/18/2012$235,000Sold
N/A
08/16/2005$120,000Sold
N/A
07/19/2002$57,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$225,000
Home facts updated by county records

Comparable Sales for 7 Penny Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.75
Condo
$239,000
06/12/26
2
1
1,104
0.70
Condo
$230,000
04/08/26
2
1
1,080
0.71
Condo
$356,588
04/07/26
3
2
1,325
0.81
Condo
$457,500
10/27/25
3
2
1,560
1.36
Condo
$346,725
01/06/26
2
1.5
1,397
1.36
Condo
$330,000
03/20/26
3
2.5
2,011
1.97
Condo
$380,000
06/17/26
2
2
983
2.79
Condo
$404,000
07/08/25
2
2
1,313

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 7 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

David Wahl, Warren Real Estate of Ithaca Inc. (Downtown), (607) 257-0666
Agent Phone: (607) 227-3132
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 2026-07-03 11:18:25 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.
7 Penny Ln, Ithaca, NY 14850 is a 2 bedroom, 1 bathroom, 1,152 sqft condo built in 1985. 7 Penny Ln is located in East Ithaca, Ithaca. This property is currently available for sale and was listed by NYSAMLSs on Jun 5, 2026. The MLS # for this home is MLS# R1688040.