7 Penny Ln, Ithaca, NY, 14850
About This Home
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
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1985
Materials
- Foundation: Slab
- Roof: Asphalt
- Construction materials: Wood Siding
Type & Style
- Home type: Condo
- Property subType: Townhouse,Condominium
Interior
Appliances
- Appliances included: Dryer,Electric Cooktop,Exhaust Fan,Electric Oven,Electric Range,Electric Water Heater,Microwave,Range Hood,Washer
- Laundry features: Upper Level
Bedroom1
- Level: Second
- Dimensions: 10.00 x 13.00
Bedroom2
- Level: Second
- Dimensions: 11.00 x 10.00
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Breakfast Bar,Ceiling Fan(s),Granite Counters,Kitchen/Family Room Combo,Living/Dining Room,Pantry,Natural Woodwork,Air Filtration
- Flooring: Carpet,Laminate,Varies
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Propane,Zoned,Baseboard,Electric
- Cooling features: Zoned,Wall Unit(s)
Interior Area
- Total structure area: 1,152
- Total interior livable area: 1,152 sqft
Kitchen
- Dimensions: 13.00 x 7.00
Laundry
- Dimensions: 22.00 x 13.00
Property
Details
- Parcel number: 50308905800100010070000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio,Propane Tank - Leased
Lot
- Lot size: 1,306 sqft
- Features: Corner Lot,Rectangular,Rectangular Lot
- Lot size dimensions: 27 x 53
Parking
- Total spaces: 1
- Parking features: Assigned,Carport,Two Spaces
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Tompkins County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,364 | $16,368 |
| Home Insurance * | $81 | $972 |
| Property Taxes | $474 | $5,688 |
| Electricity | $246 | $2,954 |
| Total | $2,165 | $25,980 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Price change | $264,900 |
| 2026-06-05 | Listed for sale | $269,900 |
| 2012-07-18 | Sold | $235,000 |
| 2005-08-16 | Sold | $120,000 |
| 2002-07-19 | Sold | $57,000 |
For Sale by Agent
View on Zillow