7 Penny Ln
Ithaca, NY 14850
East Ithaca- 2 Beds
- 1 Bath
- 1,152 sqft
2 Beds
1 Bath
1,152 sqft
Local Information
-- mins to
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
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MLS Status: Active |
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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 |
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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 |
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Days on Market: 28 |
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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 |
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Price List Price: $269,900Price Per Sqft: $234 |
Status Change & Dates Possession Timing: Close Of Escrow |
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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 |
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Listing Agent Listing ID: R1688040 |
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Building Area Building Area: 1152 Square Feet |
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Not Senior Community |
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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 |
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Lot Area: 1306.8 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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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
Avg. sale price
$404K
$17.17KMoM
Sale-to-List Price
—
Price per sq ft
$229
$1MoM
Available listings
156
25MoM
Price History for 7 Penny Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 06/05/2026 | $269,900 | Listed For Sale | NYSAMLSs #R1688040 |
| 07/18/2012 | $235,000 | Sold | N/A |
| 08/16/2005 | $120,000 | Sold | N/A |
| 07/19/2002 | $57,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| 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.Assigned Schools
These are the assigned schools for 7 Penny Ln.
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
LGBTQ Local Legal Protections
David Wahl, Warren Real Estate of Ithaca Inc. (Downtown), (607) 257-0666
Agent Phone: (607) 227-3132

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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.
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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.
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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.

