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    • $625,000

    118 Park Ln, Ithaca, NY 14850

    7beds
    4,525sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $625,100 Zestimate®
    $138/sqft
    $-- Estimated rent

    Home value

    $625,100

    $594,000 - $656,000

    Not available

    Zestimate® history
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    $4,650/mo

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    What's special

    Discover the perfect synergy of luxury living and financial intelligence in this expansive side-by-side duplex, perfectly situated in Ithaca’s premier Eastern Heights neighborhood. The primary residence welcomes you with a sun-drenched, open layout featuring four-plus bedrooms and four full baths, complemented by several versatile flex spaces tailored for a professional home office, creative studio, fitness area or in-law suite. Beyond the interior, a private deck and backyard offer serene views, while a convenient one-bay garage adds to the ease of daily living. By occupying the main home and leasing the spacious two-bedroom, one-bath unit—which boasts its own garage, private yard, and patio—you can effectively let your tenants subsidize your mortgage and taxes. This property serves as a gateway to the very best of Ithaca. A nearby paved path provides a direct route to Cornell University and East Hill Plaza for work, learning, groceries or a quick coffee run. For those who love the outdoors, Tudor Park’s trails and cross-country skiing paths are right at your doorstep, while the swimming and hiking trails of Mulholland Wildflower Preserve and the South Hill Rec Way are just minutes away. Whether you are heading to campus or the Commons, the short drive and nearby bus access make travel effortless. This home offers a quiet lifestyle without ever sacrificing the convenience of the city. Ask your agent for a list of improvements that include a new roof and boiler in 2026, as well as, multiple financing options.

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Patterson 607-280-3070,

    Howard Hanna S Tier Inc

    Bought with:

    Jill Rosentel, 10301201202

    Warren Real Estate of Ithaca Inc. (Downtown)

    Source: NYSAMLSs,MLS#: R1679818MLS LogoOriginating MLS: Ithaca Board of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Ductless, Electric, Gas
    Cooling
    • Ductless, Window Unit(s), Wall Unit(s)
    Appliances
    • Included: Gas Water Heater
    Features
    • Ceiling Fan(s), Entrance Foyer, Sliding Glass Door(s), Skylights, Natural Woodwork, Window Treatments
    • Flooring: Ceramic Tile, Hardwood, Laminate, Tile, Varies
    • Doors: Sliding Doors
    • Windows: Drapes, Skylight(s)
    • Basement: Partially Finished,Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 4,525
    • Total interior livable area: 4,525 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Gravel, Paved, Garage Door Opener
    • Garage spaces: 2
    Features
    • Patio & porch: Deck
    • Exterior features: Deck, Fence
    • Fencing: Partial
    Lot
    • Size: 0.4 Acres
    • Dimensions: 150 x 115
    • Features: Corner Lot, Irregular Lot, Near Public Transit, Residential Lot
    Details
    • Parcel number: 50308905600000030130030000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Blown-In Insulation, Block, Cedar, Concrete, Spray Foam Insulation, Wood Siding, Copper Plumbing, PEX Plumbing
    • Foundation: Poured
    • Roof: Architectural,Shingle
    Condition
    • Resale
    • Year built: 1985

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Electricity Available, High Speed Internet Available, Sewer Connected, Water Connected
    Green energy
    • Energy efficient items: Appliances, HVAC

    Community & HOA

    Community
    • Features: Trails/Paths
    Location
    • Region: Ithaca

    Financial & listing details

    • Price per square foot: $138/sqft
    • Tax assessed value: $650,000
    • Annual tax amount: $16,132
    • Date on market: 5/28/2026
    • Cumulative days on market: 3 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    8/11/2026Sold$625,000$138/sqft
    Source: NYSAMLSs #R1679818 Report a problem
    8/6/2026Pending sale$625,000$138/sqft
    Source: NYSAMLSs #R1668544 Report a problem
    6/3/2026Contingent$625,000$138/sqft
    Source: NYSAMLSs #R1679818 Report a problem
    5/28/2026Listed for sale$625,000+131.2%$138/sqft
    Source: NYSAMLSs #R1668544 Report a problem
    10/11/2013Sold$270,300-4.5%$60/sqft
    Source: NYSAMLSs #IB137776 Report a problem
    9/28/2013Listed for sale$283,000-4.7%$63/sqft
    Source: CONCEPT REAL ESTATE #137776 Report a problem
    10/16/2012Listing removed$297,000$66/sqft
    Source: Warren Real Estate #136155 Report a problem
    5/3/2012Price change$297,000-0.7%$66/sqft
    Source: Vflyer Homes #136155 Report a problem
    1/17/2012Price change$299,000-8%$66/sqft
    Source: Realty USA #133846 Report a problem
    8/27/2011Price change$325,000-6.6%$72/sqft
    Source: Realty USA #133846 Report a problem
    7/16/2011Price change$348,000-0.6%$77/sqft
    Source: Realty USA #133846 Report a problem
    5/11/2011Listed for sale$350,000$77/sqft
    Source: Realty USA #133846 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $650,000
    2024-- $650,000 +52.6%
    2023-- $426,000 +10.1%
    2022-- $387,000 +9%
    2021-- $355,000
    2020-- $355,000 +6%
    2019-- $335,000 +6.3%
    2018-- $315,000 +6.8%
    2017$9,242 $295,000
    2016-- $295,000
    2015-- $295,000
    2014-- $295,000
    2013-- $295,000
    2012-- $295,000 -21.3%
    2011-- $375,000
    2010-- $375,000
    2009-- $375,000
    2008-- $375,000 +25%
    2007-- $300,000 +53.8%
    2006-- $195,000
    2005-- $195,000 +5.4%
    2004-- $185,000 +12.1%
    2003-- $165,000 +9.3%
    2002-- $151,000
    2001-- $151,000
    2000-- $151,000
    Find assessor info on the county website

    Neighborhood: East Ithaca

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Caroline Elementary
    • Middle: Dewitt Middle
    • High: Ithaca Senior High
    • District: Ithaca

    Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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