87 Penny Ln
Ithaca, NY 14850
2 bd 1 ba 1,050 sqft Built 1986 Lot 1,307 sqft condos
Most recent sale
$239,500
Aug 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 25, 2025 | Sold | $283,000 | NYStateAlliance |
| Aug 1, 2022 | Sold | $239,500 | MLS #406151 |
| Mar 9, 2022 | Listed | $225,000 | MLS #406151 |
| May 31, 2019 | Sold | $180,000 | MLS #316020 |
| Mar 4, 2019 | Listed | $185,000 | MLS #316020 |
| May 19, 2017 | Sold | $87,500 | MLS #102957 |
| Jun 17, 2013 | Sold | $133,500 | MLS #138154 |
| May 21, 2013 | Relisted | $135,000 | MLS #138154 |
| Apr 9, 2013 | Listing removed | $135,000 | IthacaNY |
| Apr 2, 2013 | Listed | $135,000 | MLS #138154 |
| Jul 31, 2009 | Sold | $133,000 | MLS #128595 |
| May 12, 2009 | Price changed | $144,000 | MLS #128595 |
| Mar 3, 2009 | Listed | $149,900 | MLS #128595 |
| Jun 15, 2004 | Sold | $91,500 | Public Record |
| Jun 19, 2002 | Listed | $82,500 | MLS #102957 |
| Jun 19, 2002 | Sold | $87,500 | Public Record |
| Aug 5, 1994 | Sold | $63,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $226,500 | $13,500 | $240,000 | $6,312 |
| 2024 | $226,500 | $13,500 | $240,000 | $6,328 |
| 2023 | $191,500 | $13,500 | $205,000 | $6,442 |
| 2022 | $161,500 | $13,500 | $175,000 | $5,384 |
| 2021 | $161,500 | $13,500 | $175,000 | $4,866 |
| 2020 | $161,500 | $13,500 | $175,000 | $4,875 |
| 2019 | $161,500 | $13,500 | $175,000 | $4,913 |
| 2018 | $119,500 | $13,500 | $133,000 | $3,701 |
| 2017 | $119,500 | $13,500 | $133,000 | $3,756 |
| 2016 | $127,600 | $5,400 | $133,000 | $3,777 |
| 2015 | $127,600 | $5,400 | $133,000 | $3,864 |
| 2014 | $127,600 | $5,400 | $133,000 | $3,647 |
| 2013 | $124,600 | $5,400 | $130,000 | $3,600 |
| 2012 | $124,600 | $5,400 | $130,000 | $3,605 |
| 2011 | $124,600 | $5,400 | $130,000 | $3,488 |
| 2010 | $114,600 | $5,400 | $120,000 | $3,241 |
| 2009 | $114,600 | $5,400 | $120,000 | $3,001 |
Property facts
Year built
1986
Property type
condos
Stories
2
Beds
2
Baths
1
Living area
1,050 sqft
Lot size
1,307 sqft
ZIP code
14850
City
Ithaca
Street
Penny Ln
Coordinates
42.42472, -76.46713
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,437
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 87 Penny Ln last sell?
87 Penny Ln most recently sold on Aug 1, 2022 for $239,500.
What is the current tax assessment for 87 Penny Ln?
The most recent total assessment for 87 Penny Ln (year 2025) is $240,000 with $6,312 in property tax.
How does 87 Penny Ln's assessment compare to its last sale price?
The current assessment is 0.2% above the last sale price of $239,500.
When was 87 Penny Ln built?
87 Penny Ln was built in 1986.
How does 87 Penny Ln compare to others on Penny Ln?
We track 8 other properties on Penny Ln. Browse the list under "Other properties on Penny Ln" to compare beds, baths, and sale history.
What are the property facts for 87 Penny Ln?
87 Penny Ln is a 2 bed, 1 bath, 1,050 sqft, 1,307 sqft lot condos.
Is 87 Penny Ln a flip candidate?
No — 87 Penny Ln does not appear in our flips dataset.
Is 87 Penny Ln a tax-appeal candidate?
No — 87 Penny Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.2%
Implied 1-yr
+0.6%
2026 Q3
$412.9K
2026 Q4
$413.6K
ZIP 14850 — Median Price History + Forecast
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Geography
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