NOT LISTED FOR SALE

116 Patch Ln Lake Placid, NY 12946

North Elba Area

Estimated Value: $706,000 - $1,062,000

4 Beds
4 Baths
2,351 Sq Ft
$376/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2022

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

Est. 36% increase in value since last sale

Current estimated payment $5,554 / 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

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2025
Sold by
Shtern Angela
Bought by
Current Estimated Value
$883,368

Purchase Details

Listed on
Feb 18, 2022
Closed on
May 25, 2022
Sold by
Brown Besty
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
7.54%
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.07%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lake Placid, NY

  • Jennifer Mentiply Real Estate Agent - Renovo Real Estate LLC

    Jennifer Mentiply

    Renovo Real Estate LLC

    (518) 868-6681

    146 Total Sales

    1 in North Elba

    $1,349,000 Price

    Jennifer Mentiply
     Section Image
  • Ron Deragon Real Estate Agent - Reliable Realty NNY

    Ron Deragon

    Reliable Realty NNY

    (518) 802-4096

    59 Total Sales

    1 in North Elba

    $80,000 Price

    Ron Deragon
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  • Jodi Gunther Real Estate Agent - Adirondack Premier Properties Berkshire Hathaway HomeService

    Jodi Gunther

    Adirondack Premier Properties Berkshire Hathaway HomeService

    (518) 302-2352

    86 Total Sales

    9 in North Elba

    $39K - $5.4M Price Range

    Jodi Gunther
     Section Image
  • Jennifer Ball Real Estate Agent - Hunt ERA

    Jennifer Ball

    Hunt ERA

    (518) 741-3871

    369 Total Sales

    1 in North Elba

    $2,195,000 Price

    Jennifer Ball
     Section Image
  • David Trahey Real Estate Agent - The Reynolds Group of Lake Placid, LLC

    David Trahey

    The Reynolds Group of Lake Placid, LLC

    (518) 302-2972

    38 Total Sales

    4 in North Elba

    $750K - $3.8M Price Range

    David Trahey
     Section Image
  • Chase Jermano Real Estate Agent - Tina Leonard Real Estate, LLC

    Chase Jermano

    Tina Leonard Real Estate, LLC

    (518) 241-4524

    79 Total Sales

    3 in North Elba

    $346K - $795K Price Range

    Chase Jermano
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Shtern Angela $650,000 None Available
Brown Betsy $455,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $390,000
Previous Owner Brown Christopher M $6,364
Previous Owner Brown Betsy H $344,037
Previous Owner Brown Betsy H $351,806
Previous Owner Brown Betsy H $364,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,452 $905,600 $163,000 $742,600
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 Real Estate Agent - Merrill L. Thomas - Gillis Team

    Seller's Agent in 2022

    Robert Gillis

    Merrill L. Thomas - Gillis Team

    (518) 354-2400

    111 Total Sales

    Robert Gillis
    Section Image
  • Whit Bissell Real Estate Agent - Merrill L. Thomas, Inc.

    Buyer Co-Listing Agent in 2022

    Whit Bissell

    Merrill L. Thomas, Inc.

    (518) 524-4079

    113 Total Sales

    Whit Bissell
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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

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.

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