88 Penny Ln, Ithaca, NY 14850
SOLD
MAR 17, 2026

88 Penny Ln
Ithaca, NY 14850

East Ithaca
  • 1 Bed
  • 1 Bath
  • 1,050 sqft

$295,000

Last Sold: Mar 17, 2026
5% below list $310K
$281/sqft
Est. Refi. Payment $2,041/mo*

$295,000

Last Sold: Mar 17, 2026
5% below list $310K
$281/sqft
Est. Refi. Payment $2,041/mo*
1 Bed
1 Bath
1,050 sqft

Local Information

  • Map ViewExplore the area around 88 Penny Ln.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1986
Living Area
1,050 sqft
Price/Sqft
$281/sqft
Parking
Garage
HOA
$370/Monthly

Description

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.
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). It is currently off market. The Trulia Estimate is $296,600, with a rent estimate of $1,537/month.

Home Details for 88 Penny Ln

Active Status

MLS Status: Closed

Interior Features

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 Features

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

Days on Market

Cumulative Days on Market: 75

Property Information

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 & Status

Price
List Price: $310,000Price Per Sqft: $281/sqft
Status Change & Dates
Off Market Date: Tue Jan 27 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: Ithaca Town
School Information
Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca

Building

Building Area
Building Area: 1050 Square Feet

Community

Not Senior Community

HOA

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

Lot Information

Lot Area: 1742.4 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: R1649204Living Area Range Units: Square FeetAttribution Contact: 607-227-5323Universal Property Id: US-36109-N-50308905800100010880000000-R-N
Last check for updates: about 6 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

Price History for 88 Penny Ln

DatePriceEventSource
03/17/2026$295,000Sold
NYSAMLSs #R1649204
02/11/2026$310,000PendingNYSAMLSs #R1649204
01/28/2026$310,000ContingentNYSAMLSs #R1649204
11/13/2025$310,000Listed For SaleNYSAMLSs #R1649204
01/21/2022$214,000Sold
NYSAMLSs #IB405621
12/28/2021$225,000PendingITMLS #405621
12/13/2021$225,000ContingentITMLS #405621
11/01/2021$225,000Listed For SaleITMLS #405621
05/01/2014$140,000Sold
NYSAMLSs #IB140157
02/15/2014$148,000PendingAgent Provided
02/15/2014$148,000Listed For SaleAgent Provided
06/17/2003$87,500Sold
N/A
08/17/1994$62,125Sold
N/A

Market trends in Ithaca

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$390K
$12.67K
MoM
Sale-to-List Price
98.0%
0.3%
MoM
Price per sq ft
$234
$6
MoM
Available listings
143
13
MoM
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Property Tax and Assessment

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

Comparable Sales for 88 Penny Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
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
0.38
Single-Family Home
$455,000
09/30/25
3
2
1,637

Nearby homes

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Assigned Schools

These are the assigned schools for 88 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

Apartments for Rent

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Homes for sale near 88 Penny Ln

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Off Market Homes Near 88 Penny Ln

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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 2026-07-22 07:21:44 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.