40 Penny Ln, Ithaca, NY 14850 Property Records

Tompkins County and Ithaca Town property record for 40 Penny Ln, Ithaca, NY 14850

Property Summary

Property Type	Townhouse
Details	2 bd · 1 ba · 1,152 sqft · built 1983
Lot Size	0.03 acres (1,307 sqft)
Owner	2 Individual Names on Record
Last Sale	$166,000 (Jun 2020)
Tax Bill	$5,820 (2026)
Deeds & Mortgages	Jan 2024 Line of Credit Jun 2020 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`503089 58.1-1-40`

Property Details

APN / Parcel Number

Primary APN	`503089 58.1-1-40`
Alternative APN	`308905800100010400000000`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Stories	1 Story
Building Area	1,152 sqft Living Area
1st Floor Area	576 sqft
2nd Floor Area	576 sqft
Basement Area	576 sqft
Finished Basement	576 sqft
Unfinished Basement	576 sqft

Exterior

Year Built	Built 1983
Effective Year Built	Effective 1983
Architectural Style	Other
Exterior Material	Wood
Foundation Type	Slab (Mat/Raft)
Lot Area	1,307 sqft (0.03 acres)
Lot Dimensions	53 ft deep x 27 ft wide

Utilities, Heating & Cooling

Heating Fuel	Electric
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	40 PENNY LN
City	ITHACA
State	NY
Zip	14850-6268
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Townhouse
Legal Block	1
Legal Lot Number	40.000
Jurisdiction	TOMPKINS NY
Township / Civil Division	ITHACA
Census Block Group	1
Census Block	1007
Census Tract	1302

Owner

Source: Tompkins County and Ithaca Town records, as of September 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	40 PENNY LN, ITHACA, NY 14850-6268
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jan 19, 2024	Deed of Trust, Mortgage · Line of Credit NAVY FCU
Jun 10, 2020	Grant Deed, Transfer · Conventional with PMI NAVY FCU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 10, 2020 · Amount on Record
Deed Sale	Jun 10, 2020 · Amount on Record
Prior Sale	Jul 28, 2014 · Amount on Record
Deed Document Number	20205283
Prior Transfer Date	Feb 14, 2020
Prior Transfer Doc	1620
Record Updated	Oct 29, 2026

January 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	TOMPKINS NY
Property Address	40 PENNY LN, ITHACA, NY 14850-6268
Transaction Type	Mortgage
Record Updated	Feb 6, 2024
Title Company	FIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000000564
Date	Jan 19, 2024
Instrument	2024-00564

Lender

Name	NAVY FCU
Type	Credit Union

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	481 Months
Due	Feb 1, 2064

Interest

Rate Type	Adjustable Rate

June 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	TOMPKINS NY
Recording Date	Jun 10, 2020
Property Address	40 PENNY LN, ITHACA, NY 14850-6268
Document Number	0000005283
Instrument Date	Jun 8, 2020
Instrument	5283
Transaction Type	Transfer
Record Updated	Jul 7, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$664.00
Amount Accuracy	Confirmed
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	221 BOICEVILLE RD BROOKTONDALE NY 148179567, BROOKTONDALE, NY 14817-9567

Mortgage

Document Number	5284
Date	Jun 10, 2020
Instrument	5284

Lender

Name	NAVY FCU
Type	Credit Union
Address	VIENNA, VA 22180

Agreement

Type	Conventional with PMI
Amount	Amount Recorded
Term	180 Months
Due	Jun 9, 2035

Tax Assessment & Valuation

Source: Tompkins County and Ithaca Town assessment roll, as of May 14, 2026

Property Jurisdictions

Type	Name
State	New York
County	Tompkins County
County Subdivision	Ithaca Town
Unified School District	Ithaca City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,820.00
2025		$220,000 (+22.22%) Land $14,750 Building $205,250	$220,000 (+22.22%) Land $14,750 Building $205,250
2023		$180,000 Land $14,750 Building $165,250	$180,000 Land $14,750 Building $165,250
2019	$2,220.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective June 17, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 54% of New York
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	ITHACA TOWN WD serves 13,000 people · EPA ID NY5404419
Water Source	Purchased surface water from several systems
Last State Inspection	Dec 2021
Lead	9 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 59 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable	1,000 / 1,000
T-Mobile Fixed Wireless	100 / 20

May also be available: Fiberspark.

Cell Coverage

5G and 4G LTE (outdoors only)

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