$259,000
Original price: $264,900
2 Beds
1 Bath
1,152 sqft
7 Penny Ln, Ithaca, NY 14850
Est. Mortgage $2,256/mo*
Get Pre-QualifiedHome Highlights
Condo
Built in 1985
$225/sqft
Garage
HOA $370/mo
Local Information
- Map ViewExplore the area around 7 Penny Ln.
- Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
About this House
What's unique:Added natural lightExtra privacyCovered parkingPremium end unitPrivate carportQuieter living experience
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. Featuring a Premium End Unit: Enjoy extra privacy, added natural light, and a quieter living experience. With a view of the woods right outside your new Anderson windows. Covered Parking: Keep your vehicle protected from the elements in your private carport. With Nature at Your Doorstep steps away from scenic acres of surrounding nature, waterfalls, and pristine hiking trails right outside your neighborhood. Located at the end of the complex, off the main road, Includes energy efficient, propane heating stove that is grandfathered in. Updated kitchen with granite countertops, and in unit laundry conveniently placed upstairs
Last check for updates: about 15 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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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: Electronic Air Filter,Propane,Zoned,Baseboard,ElectricHas CoolingAir Conditioning: Electronic Air Filter,Zoned,Wall Unit(s)Has HeatingHeating Fuel: Electronic Air Filter |
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: 150 |
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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: $259,000Price Per Sqft: $225 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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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 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 22, 2026 Source: NYSAMLSs #R1688040 | PriceChange | $259,000 Price decreased by 2% |
Aug 4, 2026 Source: NYSAMLSs #R1688040 | PriceChange | $264,900 Price decreased by 2% |
Jun 5, 2026 Source: NYSAMLSs #R1688040 | Listed For Sale | $269,900 |
Jul 18, 2012 Source: N/A | Sold | $235,000 |
Aug 16, 2005 Source: N/A | Sold | $120,000 |
Jul 19, 2002 Source: N/A | Sold | $57,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | Unavailable | $225,000 |
Home facts updated by county records
Around this home
- Belle Sherman School
- PK-5
- Public
- 347 Students
4/10GreatSchools RatingParent Rating AverageThe best program is reading. Everyday bear folder has new books to read.Other Review9y ago - Caroline Elementary School
- PK-5
- Public
- 273 Students
9/10GreatSchools RatingParent Rating AverageWe had a great extra Caroline. Maybe kids attended from K-5th. Small class sizes (my sons K class had only 12 kids!) mean lots of teacher-student interaction. Teachers engage the kids with interesting projects and they use the outdoor nature campus for many learning opportunities. The principal was great too. All around a fantastic school!Parent Review4y ago - Beverly J Martin Elementary School
- PK-5
- Public
- 258 Students
3/10GreatSchools RatingParent Rating AverageIn comparison to other elementary schools of the ICSD, BJM is a truer reflection of inclusion and cultural diversity. If you want your child to learn how to appreciate difference in gender, race, socioeconomic status, ability, and be exposed to a myriad of ways of thought, I would encourage you to consider this school.Other Review8y ago - Enfield School
- PK-5
- Public
- 165 Students
3/10GreatSchools RatingParent Rating AverageEnfield is an awesome school. The class sizes are small, teachers are enthusiastic and supported by their administrators and there is a real sense of community. There is a curriculum centered around gardens and farming. There’s a creek and sledding hills and kids spend a lot of time outside year round.Parent Review3y ago - Fall Creek Elementary School
- PK-5
- Public
- 217 Students
6/10GreatSchools RatingParent Rating Average
No reviews available for this school. - South Hill School
- PK-5
- Public
- 363 Students
9/10GreatSchools RatingParent Rating AverageSouth Hill has provided a great educational and social experience for my kid in the two years we've been there. Classes are small, teachers are committed, there is a great number of aides supporting teachers, and there is good social-emotional support. We have experience some minor level of bullying that has been addressed strongly and assertively by leadership, including direct involvement of the Principal who is very approachable and involved in all school matters. Infrastructure is great, there are plenty opportunities for parent involvement as well, and the school is generally well run.Parent Review1y ago - Cayuga Heights Elementary
- PK-5
- Public
- 270 Students
9/10GreatSchools RatingParent Rating AverageThe teacher should stop telling the students that they don’t need to go to college. The students should make that decision at the right time in high school. The teacher should focus more on the learning.Parent Review1y ago
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.
Market trends in Ithaca
Last updated September 2026
Avg. sale price
$485K
$21.33KMoM
Sale-to-List Price
98.5%
0.4%MoM
Price per sq ft
$231
$2MoM
Available listings
179
28MoM
Sourced by Trulia Market Trends
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
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 |
|---|---|---|---|---|---|---|---|
0.22 | Condo | $260,000 | 08/14/26 | 2 | 1 | 1,056 | |
0.14 | Condo | $205,000 | 09/01/26 | 1 | 1 | 960 | |
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 | |
0.67 | Condo | $360,000 | 07/16/26 | 3 | 2 | 1,577 | |
0.71 | Condo | $456,500 | 09/09/26 | 3 | 2 | 1,716 | |
1.36 | Condo | $346,725 | 01/06/26 | 2 | 1.5 | 1,397 | |
1.33 | Condo | $320,000 | 10/08/26 | 3 | 1.5 | 1,589 |
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 |
|---|---|---|---|---|---|---|
0.00 | $236,000 | 2 | 1 | 1,152 | Off Market | |
0.01 | $255,400 | 2 | 1 | 1,152 | Off Market | |
0.02 | $193,000 | 2 | 1 | 864 | Off Market | |
0.02 | $240,800 | 2 | 1 | 1,152 | Off Market | |
0.02 | $279,800 | 2 | 2 | 1,344 | Off Market | |
0.02 | $235,900 | 2 | 1 | 1,152 | Off Market | |
0.02 | $303,900 | 2 | 1.5 | 1,344 | Off Market | |
0.02 | $238,300 | 2 | 1 | 960 | Off Market | |
0.03 | $249,600 | 2 | 1 | 1,152 | Off Market | |
0.03 | $216,900 | 2 | 1 | 864 | Off Market | |
0.03 | $263,400 | 3 | 1 | 1,344 | Off Market | |
0.03 | $216,300 | 2 | 1 | 864 | Off Market | |
0.03 | $243,100 | 2 | 1 | 1,152 | Off Market | |
0.03 | $231,600 | 2 | 1 | 1,152 | Off Market | |
0.04 | $211,900 | 2 | 1 | 864 | Off Market | |
0.04 | $222,400 | 2 | 1 | 864 | Off Market | |
0.04 | $255,900 | 3 | 1 | 1,152 | Off Market | |
0.06 | $209,400 | 2 | 1 | 1,152 | Off Market | |
0.06 | $186,300 | 1 | 1 | 864 | Off Market | |
0.06 | $186,000 | 1 | 1 | 864 | Off Market |
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
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 2026-11-01 23:17:33 PST.
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.
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Frequently asked questions about 7 Penny Ln
- What is the estimated monthly payment for 7 Penny Ln?Based on a $259,000 list price with 20% down at today's rates, the estimated monthly payment for 7 Penny Ln in Ithaca, NY is approximately $1,910 (about $1,393 principal & interest, $442 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 7 Penny Ln compare to homes in Ithaca?7 Penny Ln in Ithaca, NY is listed at $259,000, about 47% below the $485K median sale price in Ithaca.
- What are the closest schools to 7 Penny Ln?The closest schools to 7 Penny Ln in Ithaca, NY are Belle Sherman School (Pre-K/Elementary, rated 4/10), Beverly J Martin Elementary School (Pre-K, rated 3/10), Boynton Middle School (rated 8/10).
- Does 7 Penny Ln have air conditioning?Yes, 7 Penny Ln in Ithaca, NY has air conditioning.
- Does 7 Penny Ln have laundry facilities?Yes, 7 Penny Ln in Ithaca, NY has in-unit laundry.
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.