About This Home

This 2-bedroom, 1-bathroom condo at 7 Penny Lane in Ithaca, NY is listed for $264,900 ($230 per sqft). Built in 1985, the home offers 1,152 sqft of living space on a 0.03 acres lot.

Key Features

  • Built in 1985
  • 0.03 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
1 full
1-car garage
1985

Amenities

FireplaceA/C
Listing 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.

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

Monthly Cost Estimate

$1,787/mo

20% down · 6.5% · 30 years

Principal$192
Interest$1,148
Insurance$77
HOA$370

Estimates only. Actual payments may vary.

Location

7 Penny Lane

Ithaca, NY 14850

Features & Amenities

Interior Features

BreakfastBarCeilingFansGraniteCountersKitchenFamilyRoomComboLivingDiningRoomPantryNaturalWoodworkAirFiltration

Exterior Features

PatioPropaneTankLeased

Property Details

Flooring

VariesCarpetLaminate

Construction

WoodSiding

Outdoor Features

Patio

Parking

CarportAssigned

Heating

Electric (Heating)BaseboardZonedPropane (Heating)

Cooling

ZonedWall Unit(s)

Appliances

DryerElectricCooktopExhaustFanElectricOvenElectricRangeElectricWaterHeaterMicrowaveRangeHoodWasher

Questions & Answers

This 2-bedroom, 1-bathroom condo at 7 Penny Lane is listed at $264,900 ($230/sqft). The estimated monthly payment is $1,786 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $370/month.

Key features include: Built in 1985, 0.03 acre lot, 2 stories, Fireplace. Interior Features: BreakfastBar, CeilingFans, GraniteCounters. Exterior Features: Patio, PropaneTankLeased.

This property is listed by David Wahl and can be reached at 6072273132.

DW

David Wahl

License 10371201153

Agent at Warren Real Estate

(607) 227-3132
Agent website

Listed by Warren Real Estate · Broker phone: (607) 257-0666 · View on Broker Site · Broker website

MLS# R1688040· Source: New York State Alliance of MLSs, LLC· 135 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7 Penny Lane, Ithaca, NY 14850

Open this listing in: