NOT LISTED FOR SALE

101 Margaret St Saranac Lake, NY 12983

Estimated Value: $205,000 - $278,000

6 Beds
3 Baths
2,450 Sq Ft
$97/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $170,000 $69 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,754/month

Highlights

  • Neighborhood Views
  • French Doors
  • Many Trees
  • Wood Frame Window
  • Hot Water Heating System

About This Home

As of December 2021

Well maintained Triplex in the heart of Saranac Lake! Close proximity to downtown, the rail trail, shopping/restaurants. This building has 3 units, one unit per floor. Each unit has 2 bedrooms and 1 bath and a large cure porch. These units are in great shape and spacious. Back stairs give each unit 2 exits. The owner has saved the 3rd floor apartment for herself to use when in town. This would make a great investment property, or property for someone who wants to live in one unit and rent out the others. The owner pays heat/hot water and the tenants pay their own electric. Newer furnace and 3 oil tanks in the basement. You could easily add coin wash to the basement area or also would make for great dry storage. You dont want to miss this!!

Last Agent to Sell the Property

Kristina Clifford

Say Real Estate License #10401272583 Listed on: 05/27/2021

Last Buyer's Agent

Kristina Clifford

Say Real Estate License #10401272583 Listed on: 05/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,149

Year Built

  • Built in 1907

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts an easement
  • Many Trees

Home Design

  • Triplex
  • Stone Foundation
  • Metal Roof
  • Block Exterior
  • Cedar Siding
  • Cedar

Interior Spaces

  • 2,450 Sq Ft Home
  • Wood Frame Window
  • French Doors
  • Neighborhood Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range

Parking

  • 2 Open Parking Spaces
  • No Garage
  • Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Net Metering or Smart Meter
  • Electric Water Heater
  • Internet Available

Community Details

  • Gross Income $27,600
  • Net Operating Income $15,600

Listing and Financial Details

  • Assessor Parcel Number 447.61-10-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,149

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Frontage Type: Easement
  • Water Body Name: None
  • Subdivision Name: None
  • Directions: From Bloomingdale ave turn onto Margaret st. Property will be on the right as you get to the top of the hill, look for sign
  • Structure Type: Up & Down
  • Year Built: 1907
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Owner Pays: All Utilities
  • Has Basement: Full
  • Door Features: French Doors
  • Window Features: Wood Frames
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Few Trees, Many Trees
  • View: Neighborhood
  • Waterfront: No
  • Construction Type: Block, Cedar
  • Foundation Details: Stone
  • Roof: Metal
  • Lot Features:Few Trees: Yes
  • Window Features:Wood Frames: Yes
  • Lot Features:Many Trees: Yes
  • Door Features:French Doors: Yes
  • Construction Materials:Cedar: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Parking Features: Driveway, No Garage, Unpaved
  • Parking Features:Driveway: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Unpaved: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Net Meter
  • Utilities: Internet Available, Sewer Connected, Water Connected
  • Heating:Oil: Yes
  • Heating:Hot Water2: Yes

Schools

  • Junior High Dist: Saranac Lake

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 447.61-10-10
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 27600.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 15600.0
  • Number Of Units Leased: 3

Tax Info

  • Tax Annual Amount: 5148.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Dec 27, 2021
Sold by
Winjim Llc
Bought by
Jake & Soph Llc
Seller's Agent
Kristina Clifford
Say Real Estate
Buyer's Agent
Kristina Clifford
Say Real Estate
List Price
$225,000
Sold Price
$170,000
Premium/Discount to List
-$55,000
-24.44%
Current Estimated Value
$237,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,068
Avg. Annual Appreciation
9.43%

Purchase Details

Closed on
Jul 22, 2002

Purchase Details

Closed on
May 6, 2002
Sold by
Oehlbeck Thomas A
Bought by
Pelletieri Winifred M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jake & Soph Llc $170,000 None Available
-- -- --
Pelletieri Winifred M $61,500 Timothy R Smith
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $170,000 -- --
12/30/2021 12/30/21 Sold $170,000 -24.4% $69 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $225,000 -- $92 / Sq Ft
Source: Adirondack-Champlain Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,663 $178,200 $15,400 $162,800
2023 $5,662 $178,200 $15,400 $162,800
2022 $5,449 $178,200 $15,400 $162,800
2021 $5,366 $178,200 $15,400 $162,800
2020 $5,192 $178,200 $15,400 $162,800
2019 $5,146 $178,200 $15,400 $162,800
2018 $5,034 $178,200 $15,400 $162,800
2017 $5,020 $178,200 $15,400 $162,800
2016 $4,770 $178,200 $15,400 $162,800
2015 -- $178,200 $15,400 $162,800
2014 -- $178,200 $15,400 $162,800
Source: Public Records

Agents Affiliated with this Home

  • Kristina Clifford

    Seller's Agent in 2021

    Kristina Clifford

    Say Real Estate

    (518) 354-0542

    80 in this area

    167 Total Sales

    Kristina Clifford
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 173497

APN: 164601-447-061-0010-010-000-0000

New York Franklin County Saranac Lake 12983

101 Margaret St, Saranac Lake, NY

This home is located at 101 Margaret St, Saranac Lake, NY 12983 since 27 May 2021 and is currently estimated at $237,068, approximately $96 per square foot. This property was built in 1907. 101 Margaret St is a home located in Franklin County with nearby schools including Saranac Lake Senior High School, Northern Lights School, and St. Bernard's School.

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