$296,200
1 Bed
1 Bath
1,050 sqft
88 Penny Ln, Ithaca, NY 14850
Est. Refi. Payment $2,077/mo*
Refinance Your HomeCurrently Off Market - Sold Mar 17, 2026 for $295,000 (5% below list price)
Home Value
Trulia Estimate
$296KSince last month
Increased$2K (+0.6%)Since last year
Increased$44K (+17.4%)Since last sale
Increased$1K (+0.4%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +107% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $296K |
| August 2026 | $296K |
| July 2026 | $295K |
| June 2026 | $296K |
| May 2026 | $295K |
| April 2026 | $294K |
| March 2026 | $295K |
| February 2026 | $300K |
| January 2026 | $299K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
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 |
|---|---|---|---|---|---|---|---|
0.19 | Single-Family Home | $222,000 | 07/22/26 | 2 | 1 | 960 | |
0.16 | Single-Family Home | $338,000 | 10/08/25 | 2 | 2 | 1,536 | |
0.25 | Single-Family Home | $383,500 | 06/05/26 | 2 | 2 | 1,284 | |
0.22 | Single-Family Home | $390,000 | 07/17/26 | 3 | 2 | 1,447 | |
0.22 | Single-Family Home | $395,000 | 09/18/25 | 3 | 2.5 | 1,940 | |
0.96 | Single-Family Home | $260,000 | 07/14/26 | 2 | 1 | 906 | |
0.24 | Single-Family Home | $400,000 | 11/25/25 | 4 | 2.5 | 1,852 | |
0.74 | Single-Family Home | $360,000 | 06/17/26 | 3 | 1 | 1,176 |
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 | $285,700 | 2 | 1 | 1,050 | Off Market | |
0.01 | $313,400 | 2 | 1.5 | 1,230 | Off Market | |
0.05 | $319,200 | 2 | 1.5 | 1,232 | Off Market | |
0.09 | $379,500 | 2 | 2 | 1,536 | Off Market | |
0.10 | $407,000 | 3 | 2.5 | 2,204 | For Sale | |
0.10 | $315,900 | 3 | 1.5 | 1,346 | Off Market | |
0.08 | $279,900 | 1 | 1 | 1,056 | For Sale | |
0.08 | $314,100 | 2 | 1.5 | 1,230 | Off Market | |
0.09 | $260,000 | 2 | 1 | 1,056 | Recently Sold | |
0.12 | $205,000 | 1 | 1 | 960 | Recently Sold | |
0.12 | $230,100 | 2 | 1 | 960 | Off Market |
Local Information
- Map ViewExplore the area around 88 Penny Ln.
- Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
Home Highlights
Single-Family Home
Built in 1986
1,050 sqft
$281/sqft
Garage
HOA $370/mo
About this House
A beautifully updated, low-maintenance townhome designed to make everyday living effortless. Unit 88 is perfectly positioned with direct access to Six Mile Creek, as well as offering miles of connected trails right outside your door. Enjoy a peaceful, nature-filled lifestyle while remaining close to everything Ithaca has to offer.
Step inside to a fully renovated first floor featuring new appliances, new flooring, new lighting, and efficient mini-splits for year-round comfort. The main level is further enhanced with new granite countertops and updated fixtures. Upstairs, you’ll find soft padded stairs, fresh carpeting, a spacious bedroom with a walk-in closet, and a versatile loft area ideal for an office, reading nook, yoga/meditation space, or hobby room.
Outdoor living is a highlight, with east- and west-facing decks perfect for enjoying both sunrises and sunsets. A dedicated carport adds everyday convenience and protection from the elements and is available for a fee.
The location is exceptional: just 5 minutes to Cornell via Pine Tree Road, 10 minutes to Downtown Ithaca, and TCAT bus service is available right at the entrance off Route 79, making commuting simple and reliable.
Step inside to a fully renovated first floor featuring new appliances, new flooring, new lighting, and efficient mini-splits for year-round comfort. The main level is further enhanced with new granite countertops and updated fixtures. Upstairs, you’ll find soft padded stairs, fresh carpeting, a spacious bedroom with a walk-in closet, and a versatile loft area ideal for an office, reading nook, yoga/meditation space, or hobby room.
Outdoor living is a highlight, with east- and west-facing decks perfect for enjoying both sunrises and sunsets. A dedicated carport adds everyday convenience and protection from the elements and is available for a fee.
The location is exceptional: just 5 minutes to Cornell via Pine Tree Road, 10 minutes to Downtown Ithaca, and TCAT bus service is available right at the entrance off Route 79, making commuting simple and reliable.
88 Penny Ln, Ithaca, NY 14850 is a 1 bedroom, 1 bathroom, 1,050 sqft single-family home in East Ithaca, built in 1986. It last sold for $295,000 on Mar 17, 2026 (5% below the $310,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $296,200, with a rent estimate of $1,587/month.
Last check for updates: about 5 hours ago
Listed by Melissa B Shames, (607) 227-5323
Howard Hanna S Tier Inc
Bought with: Trisha Shore, (607) 592-7283, Howard Hanna S Tier Inc
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1649204
Home Details for 88 Penny Ln
|
|---|
MLS Status: Closed |
|
|---|
Interior Details Basement: NoneNumber of Rooms: 5Types of Rooms: Bedroom 1, Dining Room, Kitchen, Living Room, Other |
Beds & Baths Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 1050 Square Feet |
Appliances & Utilities Utilities: High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, WasherDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Ductless,Electric,BaseboardHas CoolingAir Conditioning: DuctlessHas HeatingHeating Fuel: Ductless |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Carpet, Ceramic Tile, Hardwood, Tile, Varies |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Ceramic Tile, Hardwood, Tile, Varies |
|
|---|
Exterior Home Features Roof: AsphaltPatio / Porch: Covered, Deck, Open, PorchExterior: Blacktop Driveway, DeckFoundation: Pillar/Post/Pier |
Parking & Garage Number of Garage Spaces: 1Number of Covered Spaces: 1Has a CarportHas a GarageParking Spaces: 1Parking: Carport |
Frontage Road Frontage: City StreetNot on Waterfront |
Water & Sewer Sewer: Connected |
|
|---|
Cumulative Days on Market: 75 |
|
|---|
Year Built Year Built: 1986 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Two Story |
Building Construction Materials: Wood Siding |
Property Information Condition: ResaleParcel Number: 50308905800100010880000000 |
|
|---|
Price List Price: $310,000Price Per Sqft: $281/sqft |
Status Change & Dates Off Market Date: Tue Jan 27 2026Possession Timing: Close Of Escrow |
|
|---|
|
|---|
Direction & Address City: Ithaca Town |
School Information Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca |
|
|---|
Building Area Building Area: 1050 Square Feet |
|
|---|
Not Senior Community |
|
|---|
Association for this Listing: Ithaca Board of RealtorsHOA Fee: $370/Monthly |
|
|---|
Lot Area: 1742.4 sqft |
|
|---|
Special Conditions: Standard |
|
|---|
Listing Terms: Cash, Conventional, FHA, VA Loan |
|
|---|
Mls Number: R1649204Living Area Range Units: Square FeetAttribution Contact: 607-227-5323Universal Property Id: US-36109-N-50308905800100010880000000-R-N |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 17, 2026 Source: NYSAMLSs #R1649204 | Sold | $295,000 |
Feb 11, 2026 Source: NYSAMLSs #R1649204 | Pending | $310,000 |
Jan 28, 2026 Source: NYSAMLSs #R1649204 | Contingent | $310,000 |
Nov 13, 2025 Source: NYSAMLSs #R1649204 | Listed For Sale | $310,000 |
Jan 21, 2022 Source: NYSAMLSs #IB405621 | Sold | $214,000 |
Dec 28, 2021 Source: ITMLS #405621 | Pending | $225,000 |
Dec 13, 2021 Source: ITMLS #405621 | Contingent | $225,000 |
Nov 1, 2021 Source: ITMLS #405621 | Listed For Sale | $225,000 |
May 1, 2014 Source: NYSAMLSs #IB140157 | Sold | $140,000 |
Feb 15, 2014 Source: Agent Provided | Pending | $148,000 |
Feb 15, 2014 Source: Agent Provided | Listed For Sale | $148,000 |
Jun 17, 2003 Source: N/A | Sold | $87,500 |
Aug 17, 1994 Source: N/A | Sold | $62,125 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | Unavailable | $225,000 |
Home facts updated by county records
Market trends in Ithaca
Last updated July 2026
Avg. sale price
$406K
$17.33KMoM
Sale-to-List Price
99.2%
1.1%MoM
Price per sq ft
$228
$6MoM
Available listings
145
2MoM
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 Review11mo 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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 2026-09-06 20:31:59 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.
Frequently asked questions about 88 Penny Ln
- What is 88 Penny Ln estimated to be worth?Trulia's estimated value for 88 Penny Ln in Ithaca, NY is $296,200.
- What is the price history for 88 Penny Ln?88 Penny Ln in Ithaca, NY last sold for $295,000 in March 2026.
- Is Ithaca a buyer's or seller's market?Ithaca is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Ithaca?The median sale price in Ithaca is $406K. That is up $17.33K from the prior month.
- Does 88 Penny Ln have air conditioning?Yes, 88 Penny Ln in Ithaca, NY has air conditioning.
- Does 88 Penny Ln have laundry facilities?Yes, 88 Penny Ln in Ithaca, NY has in-unit laundry.
Explore by feature - Pet Friendly
PET FRIENDLYTotal price$1,395 - $2,000/mo1-2 bd1-2 baUniversity Park Apartments near Cornell University | 87 Uptown Rd,
Ithaca, NY 14850Visum Development
PET FRIENDLYArnot Realty Corporation
PET FRIENDLYStratford Management
PET FRIENDLYFURNISHED
PET FRIENDLY
PET FRIENDLYModern Living Rentals
NEW - 1 DAY AGOPET FRIENDLYSolomon Organization
PET FRIENDLYFURNISHEDCardinal Group Management
PET FRIENDLYFURNISHEDVisum Development
Explore by feature - Garage
- PET FRIENDLY
- NEW - 1 DAY AGOPET FRIENDLYSolomon Organization
PET FRIENDLYFURNISHEDSolomon Organization
PET FRIENDLYFURNISHEDSolomon Organization
APPLY INSTANTLYPET FRIENDLY- APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYFURNISHED
APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYFURNISHED
Explore by feature - Air Conditioning
- PET FRIENDLYStratford Management
- PET FRIENDLYFURNISHED
- PET FRIENDLY
- NEW - 1 DAY AGOPET FRIENDLYSolomon Organization
PET FRIENDLYSolomon Organization- PET FRIENDLYFURNISHEDSolomon Organization
PET FRIENDLYFURNISHEDLifestyle Properties of Ithaca- PET FRIENDLYFURNISHEDSolomon Organization
PET FRIENDLYINCOME RESTRICTED
PET FRIENDLYSolomon Organization
Explore by feature - Pool
- PET FRIENDLYFURNISHEDSolomon Organization
APPLY INSTANTLY
APPLY INSTANTLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
PET FRIENDLYWarren Real Estate of Ithaca Inc. (Downtown)- PET FRIENDLYWarren Real Estate of Ithaca Inc. (Downtown)
Explore by feature - Washer/dryer
APPLY INSTANTLYFURNISHEDVisum Development- PET FRIENDLYArnot Realty Corporation
- PET FRIENDLYStratford Management
- PET FRIENDLYFURNISHED
- PET FRIENDLY
- NEW - 1 DAY AGOPET FRIENDLYSolomon Organization
- PET FRIENDLYFURNISHEDVisum Development
- PET FRIENDLYFURNISHEDSolomon Organization
- PET FRIENDLYFURNISHEDLifestyle Properties of Ithaca
Explore by feature - Outdoor Space
- APPLY INSTANTLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYPET FRIENDLY- APPLY INSTANTLYPET FRIENDLY
NEW - 1 DAY AGOAPPLY INSTANTLYPET FRIENDLYFURNISHEDROOM FOR RENT
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYPET FRIENDLYFURNISHED
Apartments for Rent
- APPLY INSTANTLYFURNISHEDVisum Development
- PET FRIENDLYArnot Realty Corporation
- PET FRIENDLYFURNISHED
- PET FRIENDLY
PET FRIENDLYTravis Hyde Properties- PET FRIENDLYModern Living Rentals
- PET FRIENDLYFURNISHEDCardinal Group Management
- PET FRIENDLYFURNISHEDVisum Development
PET FRIENDLYModern Living Rentals
Modern Living Rentals
PET FRIENDLY- PET FRIENDLYFURNISHEDLifestyle Properties of Ithaca
SENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED
PET FRIENDLY$1,548 - $2,697/mo1-4 bd1-2 ba709 Stewart Avenue A Baker House Residence | 709 Stewart Ave,
Ithaca, NY 14850Cardinal Group Management
See more homes for rent inIthaca
Off Market Homes Near 88 Penny Ln
SOLDSEP 3, 2026Warren Real Estate of Ithaca Inc.
SOLDSEP 1, 2026Warren Real Estate of Ithaca Inc.
SOLDSEP 1, 2026Berkshire Hathaway HomeServices Heritage Realty
SOLDAUG 25, 2026Warren Real Estate of Ithaca Inc.
SOLDAUG 11, 2026Warren Real Estate of Ithaca Inc. (Downtown)
See more homes for sale inIthaca
Homes for sale near 88 Penny Ln
0.35 ACRESListing by: Warren Real Estate of Ithaca Inc.
0.37 ACRESListing by: Warren Real Estate of Ithaca Inc. (Downtown)
0.89 ACRESListing by: Warren Real Estate of Ithaca Inc.
0.38 ACRESListing by: Warren Real Estate of Ithaca Inc. (Downtown)
Listing by: Berkshire Hathaway HomeServices Heritage Realty- See more homes for sale inIthaca
- Results are loading