$475,000
SOLD NOV 23, 2015

140 Lake Trail Old Forge, NY 13420

5 Beds
2.5 Baths
2,046 Sq Ft
1.8 Acres

Recently Sold

$232 Per Sq Ft

5% Below List Price

Highlights

  • Lake Front
  • 1.8 Acre Lot
  • No HOA
  • Docks
  • Adirondack Architecture
  • Screened Porch

About This Home

As of February 2017

This home sits almost at the water's edge on 200' of shoreline. The screened porch on the front is perfect for watching the waterfront activities. A modern kitchen and entry lead to a dining room and living room with brick fireplace. The wood walls and ceiling are old style and give this a cozy, warm feeling. There are 5 bedrooms and 2 and 1/2 baths which will be perfect for a large family. A full, walk out basement with furnace make this usable year round and there is a drilled well. Located just outside of town and yet near enough to walk to all activities. This home is priced below assessed value and is ready to go.

Last Agent to Sell the Property

Dawn Timm

Timm Associates Sothebys International Realty License #31TI1011718 Listed on: 05/24/2015

Timm Associates Sothebys International Realty

Last Buyer's Agent

Dawn Timm

Timm Associates Sothebys International Realty License #31TI1011718 Listed on: 05/24/2015

Timm Associates Sothebys International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,715

Year Built

  • Built in 1949

Lot Details

  • 1.8 Acre Lot
  • Lake Front

Property Views

  • Lake
  • Neighborhood

Home Design

  • Adirondack Architecture
  • Old Style Architecture
  • Wood Siding

Interior Spaces

  • 2,046 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Screened Porch

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

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

Parking

  • No Garage
  • Parking Deck

Outdoor Features

  • Docks

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Drilled Well
  • Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 041.52-4-15

Community Details

Overview

  • No Home Owners Association

Recreation

  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,715

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.8
  • Lot Size: 200'
  • Road Surface Type: Gravel
  • Water Body Name: Old Forge Pond Chann
  • Subdivision Name: None
  • Directions: From Old Forge, take South Shore Road to Lake Trail road on the left. Follow the road over the hill and take the drive to the right, home is on the right hand side.
  • Above Grade Finished Sq Ft: 2046.0
  • Architectural Style: Adirondack, Old Style
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1949
  • Financial Details School Taxes: 1854.0
  • Appliances Refrigerators: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Refrigerator
  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2046.0
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Masonry: Yes

Exterior Features

  • View: Lake, Neighborhood, Water
  • Waterfront Features: Lake, Owned Waterfront
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Dock
  • Patio And Porch Features: Porch, Screened
  • Roof: Asphalt
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Lake2: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Waterfront Features:Owned Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Deck, No Garage
  • Parking Features:Deck: Yes
  • Parking Features:No Garage: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Internet Available
  • Water Source: Well Drilled
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Oil: 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: Town of Webb UFSD

Lot Info

  • Lot Size Sq Ft: 78408.0
  • Parcel #: 041.52-4-15
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6715.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2017
Sold by
Chiffy Joseph
Bought by
140 Lake Trail Llc
Current Estimated Value
$1,136,768

Purchase Details

Listed on
Nov 16, 2016
Closed on
Feb 6, 2017
Sold by
Varecka John
Bought by
Chiffy Joseph
Seller's Agent
Tory Dunn
Herron Realty
Buyer's Agent
Tory Dunn
Herron Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$417,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 24, 2015
Closed on
Nov 25, 2015
Sold by
Brooks William K
Bought by
Varecka John J
Seller's Agent
Dawn Timm
Timm Associates Sothebys International Realty
Buyer's Agent
Dawn Timm
Timm Associates Sothebys International Realty
List Price
$498,000
Sold Price
$475,000
Premium/Discount to List
-$23,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.59%

Purchase Details

Closed on
Mar 2, 2003
Sold by
Seely Trust
Bought by
Brooks William

Purchase Details

Closed on
Dec 29, 1995
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Ricardo J Mauro
Deed $650,000 William S Culli, Jr
Deed $475,000 Mark D. Levitt
Interfamily Deed Transfer -- Robert Sossen
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $417,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $650,000 -- --
08/12/2023 08/12/23 Off Market $475,000 -- --
02/06/2017 02/06/17 Sold $650,000 0.0% $317 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $650,000 +36.8% $317 / Sq Ft
11/23/2015 11/23/15 Sold $475,000 -4.6% $232 / Sq Ft
05/24/2015 05/24/15 Pending -- -- --
05/24/2015 05/24/15 For Sale $498,000 -- $243 / 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 $8,227 $650,000 $390,000 $260,000
2023 $8,111 $650,000 $390,000 $260,000
2022 $7,862 $650,000 $390,000 $260,000
2021 $7,818 $650,000 $390,000 $260,000
2020 $7,782 $650,000 $390,000 $260,000
2019 $6,458 $650,000 $390,000 $260,000
2018 $7,780 $650,000 $390,000 $260,000
2017 $7,669 $650,000 $390,000 $260,000
2016 $6,483 $556,800 $390,000 $166,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 152980

APN: 215400-041-052-0004-015-000-0000