NOT LISTED FOR SALE

116 Patch Ln Lake Placid, NY 12946

Estimated Value: $773,426 - $977,000

4 Beds
4 Baths
2,351 Sq Ft
$372/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2022

Last sale price $650,000 $276 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,409 / mo

Highlights

  • In Ground Pool
  • Adirondack Architecture
  • Wooded Lot
  • View of Trees or Woods
  • Wood Burning Stove
  • Vaulted Ceiling

About This Home

As of June 2022

If you're looking for a quiet neighborhood that is close to Village Center of Lake Placid, and everything the Olympic Region has to offer, then you must check out this 4 BR, 4 BA home located at 116 Patch Lane. This well maintained home sits on a full acre site with lots of privacy, mature trees, with light neighborhood traffic. Interior features include a recently renovated Kitchen with granite counter tops, a Great Room with cathedral ceiling, a Home Office/Rec Room with vaulted ceiling, a private second story MBR with oversized closet space and tiled MBA, and much, much more. The home boasts three levels of living space which is ideal for entertaining and private guest rooms. Outdoor features include an in-ground heated swimming pool with large outdoor patio for lawn chairs and sunbathing, a wrap-around main deck, and a fenced garden area. Patch Lane is a short walk to the Chubb River, the Trailhead for the Northville-Lake Placid Trail, and the greatly anticipated ADK Rail-Trail!

Last Agent to Sell the Property

Robert Gillis

Merrill L. Thomas - Gillis Team License #31GI0600652 Listed on: 02/18/2022

Last Buyer's Agent

Robert Gillis

Merrill L. Thomas - Gillis Team License #31GI0600652 Listed on: 02/18/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,428

Year Built

  • Built in 1978

Lot Details

  • 1 Acre Lot
  • Cul-De-Sac
  • Privacy Fence
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Garage
  • Basement Garage
  • Parking Deck
  • Gravel Driveway

Property Views

  • Woods
  • Neighborhood

Home Design

  • Adirondack Architecture
  • Contemporary Architecture
  • Wood Siding

Interior Spaces

  • 2,351 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Stove
  • Insulated Windows
  • Bay Window
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • No Cooling
  • Baseboard Heating
  • 200+ Amp Service
  • Septic Tank
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.18-1-8.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,428

Year Built

Built in 1978

Lot Details

1 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Water Body Name: None
  • Subdivision Name: None
  • Directions: Take Old Military Road to Averyville Road. Turn left onto Patch Lane, then left at the first intersection. #116 Patch Lane will be on your left.
  • Above Grade Finished Sq Ft: 2351.0
  • Architectural Style: Adirondack, Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1978
  • Financial Details School Taxes: 2905.0
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Range Hood, Refrigerator
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Jetted Tub, Vaulted Ceiling(s)
  • Living Area: 2351.0
  • Window Features: Bay Window(s), Insulated Windows, Skylight(s)
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:None6: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:High Speed Internet: Yes
  • Appliances:Oven: Yes
  • Basement:Partially Finished: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Jetted Tub: Yes

Exterior Features

  • Fencing: Privacy
  • Lot Features: Cul-De-Sac, Level, Rolling Slope, Wooded
  • Pool Features: In Ground
  • View: Neighborhood, Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Bay Window(s): Yes
  • Window Features:Skylight(s): Yes
  • Lot Features:Cul-De-Sac: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Basement, Deck, Driveway, Gravel
  • Parking Features:Driveway: Yes
  • Parking Features:Deck: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Basement2: Yes

Utilities

  • Security: Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Wood Stove
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Internet Available, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Amenities:None: Yes
  • Association Fee Includes:None26: Yes

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 42.18-1-8.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5428.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2025
Sold by
Shtern Angela
Bought by
Litvin Shtern Ft and Shtern
Current Estimated Value
$874,107

Purchase Details

Listed on
Feb 18, 2022
Closed on
May 25, 2022
Sold by
Brown Besty H
Bought by
Shtern Angela
Seller's Agent
Robert Gillis
Merrill L. Thomas - Gillis Team
Buyer's Agent
Robert Gillis
Merrill L. Thomas - Gillis Team
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$390,000
Interest Rate
4.63%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 14, 2005
Sold by
Cowan Charles
Bought by
Brown Betsy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Litvin Shtern Ft -- --
Shtern Angela $650,000 None Available
Shtern Angela $650,000 None Available
Shtern Angela $650,000 None Available
Shtern Angela $650,000 None Available
Brown Betsy $455,000 --
Brown Betsy $455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shtern Angela $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $650,000 -- --
06/14/2022 06/14/22 Sold $650,000 -7.0% $276 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $699,000 -- $297 / Sq Ft
Source: Adirondack-Champlain Valley MLS

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 $8,413 $862,500 $156,700 $705,800
2023 $7,415 $727,500 $150,700 $576,800
2022 $6,737 $673,000 $143,500 $529,500
2021 $5,635 $444,400 $130,000 $314,400
2020 $5,362 $428,000 $115,000 $313,000
2019 $5,196 $421,100 $115,000 $306,100
2018 $5,110 $421,100 $115,000 $306,100
2017 $4,815 $395,000 $142,800 $252,200
2016 $4,796 $395,000 $142,800 $252,200
2015 -- $395,000 $142,800 $252,200
2014 -- $468,500 $142,800 $325,700
Source: Public Records

Agents Affiliated with this Home

  • Robert Gillis

    Seller's Agent in 2022

    Robert Gillis

    Merrill L. Thomas - Gillis Team

    (518) 354-2400

    1 in this area

    112 Total Sales

    Robert Gillis
    Section Image
  • Whit Bissell

    Buyer Co-Listing Agent in 2022

    Whit Bissell

    Merrill L. Thomas, Inc.

    (518) 524-4079

    12 in this area

    114 Total Sales

    Whit Bissell
    Section Image
See All Agents

Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 175558

APN: 154089-042-018-0001-008-000-0000

New York Essex County Lake Placid 12946

116 Patch Ln, Lake Placid, NY

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.