NOT LISTED FOR SALE

12 Rustic Way Balsams # 3 Lake Placid, NY 12946

Estimated Value: $566,000 - $887,000

4 Beds
3.5 Baths
1,775 Sq Ft
436 Sq Ft Lot

Last Sold September 18, 2020

Last sale price $565,000 $318 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,875/month

Highlights

  • View of Trees or Woods
  • Cathedral Ceiling
  • Screened Porch
  • Adirondack Architecture
  • Hydromassage or Jetted Bathtub
  • Wood Frame Window

About This Home

As of September 2020

Elegant and comfortable, this 4 bedroom, 3.5 bath, well-appointed Balsams Town Home is waiting for you. Open floor plan includes chefs kitchen with granite and stainless appliances, floor to ceiling native stone fireplace, hardwood floors throughout, spacious lower level Great Room for entertaining, attached 1-car heated garage, and a private patio for outdoor dining. Two full bathrooms have in-floor radiant heat. The screened porch on the main level is perfect for reading and relaxing. This gem is being offered turn-key with high-end decor and furnishings, and has been meticulously maintained by the original owners. Excellent rental potential with a short drive to Main Street, shopping, restaurants and recreational activities.

Last Agent to Sell the Property

Karen Mergenthaler

Adirondack Premier Properties Berkshire Hathaway HomeService License #40ME1024952 Listed on: 07/02/2020

Adirondack Premier Properties Berkshire Hathaway HomeService

Last Buyer's Agent

Karen Mergenthaler

Adirondack Premier Properties Berkshire Hathaway HomeService License #40ME1024952 Listed on: 07/02/2020

Adirondack Premier Properties Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,929

Year Built

  • Built in 2006

Lot Details

  • Property fronts a private road
  • Two or More Common Walls
  • Landscaped
  • Many Trees

Parking

  • 1 Car Garage

Property Views

  • Woods
  • Neighborhood

Home Design

  • Adirondack Architecture
  • Wood Siding

Interior Spaces

  • 1,775 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Insulated Windows
  • Wood Frame Window
  • Screened Porch

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Home Security

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Gas Grill

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Underground Utilities
  • 200+ Amp Service
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 42.74-6-15.000

Community Details

Overview

  • Property has a Home Owners Association
  • The Balsams Subdivision

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,929

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.01
  • Lot Size: .01
  • Road Frontage Type: Private Road
  • Subdivision Name: The Balsams
  • Directions: Old Military to John Brown Road, across the street is the entrance to the Balsams Town Homes. Go straight and make right into Buildings 4, 5 and 6. This Town Home is 2nd building on the right - Building 5.
  • Above Grade Finished Sq Ft: 1775.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 2006
  • Financial Details School Taxes: 3155.93
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Walk-Out Access
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room, Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Jetted Tub, Vaulted Ceiling(s)
  • Living Area: 1775.0
  • Window Features: Insulated Windows, Wood Frames
  • Appliances Dishwasher: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Oven: Yes
  • Appliances:Gas Range: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Jetted Tub: Yes
  • Basement:Exterior Entry: Yes
  • Fireplace Features:Masonry: Yes

Exterior Features

  • Lot Features: Few Trees, Landscaped, Level, Many Trees
  • View: Neighborhood, Trees/Woods
  • Waterfront: No
  • Common Walls: 2+ Common Walls
  • Construction Type: Wood Siding
  • Exterior Features: Gas Grill, Lighting
  • Patio And Porch Features: Covered, Enclosed, Patio, Porch, Screened
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Lot Features:Few Trees: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Wood Frames: Yes
  • Exterior Features:Gas Grill: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Enclosed2: Yes
  • Patio And Porch Features:Screened: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Landscaped: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, Internet Available, Sewer Connected, Water Connected, Underground Utilities
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association Fee: 384.0
  • Association: Yes
  • Pets Allowed: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal2: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Insurance2: Yes

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 42.74-6-15.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5928.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Sep 18, 2020
Sold by
Cushing David P and Cushing Laura K
Bought by
Stephen J Dempsey Ret
Seller's Agent
Karen Mergenthaler
Adirondack Premier Properties Berkshire Hathaway HomeService
Buyer's Agent
Karen Mergenthaler
Adirondack Premier Properties Berkshire Hathaway HomeService
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Current Estimated Value
$773,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,872
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Oct 12, 2007
Sold by
Mountain View Builders Llc
Bought by
Cushing David
Source: Public Records

Range of Values:

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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
Stephen J Dempsey Ret $565,000 None Available
Cushing David $477,156 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cushing Laura K $2,455
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $565,000 -- --
09/18/2020 09/18/20 Sold $565,000 -5.7% $318 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $599,000 -- $337 / 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 $7,214 $751,200 $200,200 $551,000
2023 $7,094 $695,600 $183,300 $512,300
2022 $6,794 $594,900 $151,500 $443,400
2021 $6,850 $540,000 $142,500 $397,500
2020 $6,050 $444,000 $110,000 $334,000
2019 $5,929 $444,000 $110,000 $334,000
2018 $5,607 $444,000 $110,000 $334,000
2017 $5,502 $432,400 $125,000 $307,400
2016 $5,841 $460,800 $63,000 $397,800
2015 -- $460,800 $63,000 $397,800
2014 -- $460,800 $63,000 $397,800
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Karen Mergenthaler

    Adirondack Premier Properties Berkshire Hathaway HomeService

    Section Image
  • Brooks Reynolds

    Buyer Co-Listing Agent in 2020

    Brooks Reynolds

    The Reynolds Group of Lake Placid, LLC

    (518) 524-4058

    84 Total Sales

    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 169815

APN: 154089-042-074-0006-015-000-0000

New York Essex County Lake Placid 12946

12 Rustic Way Balsams # 3, Lake Placid, NY

This home is located at 12 Rustic Way Balsams # 3, Lake Placid, NY 12946 since 02 July 2020 and is currently estimated at $773,872, approximately $435 per square foot. This property was built in 2006. 12 Rustic Way Balsams # 3 is a home located in Essex County with nearby schools including Lake Placid Elementary School, Lake Placid Junior/Senior High School, and St. Agnes School.

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