NOT LISTED FOR SALE

16 Rustic Way Unit 3 Lake Placid, NY 12946

Estimated Value: $550,000 - $870,000

3 Beds
3.5 Baths
1,515 Sq Ft
$485/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2018

Last sale price $420,000 $277 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,466 / mo

Highlights

  • View of Trees or Woods
  • Cathedral Ceiling
  • 1 Fireplace
  • Adirondack Architecture
  • Hydromassage or Jetted Bathtub
  • Screened Porch

About This Home

As of April 2018

Lake Placid Luxury at The Balsams. This gorgeous home is offered fully furnished with superior rustic furnishings. Private location, featuring 3 levels w/ 3 bedrooms (2 en suites), 3 1/2 baths, elegant Adirondack-style detail throughout, floor to ceiling fireplace in the 2 story living room, screened porch which opens to a large deck. Upgrades include chef's kitchen with granite counters stainless appliances, 2nd level loft/office, large lower level (walkout to patio) with a great room, rec room w/ ping pong table, bunk bedroom and full bath. Hardwood floors and custom window treatments. Abundant closet and storage space, separate laundry room. Excellent location! Close to center of village.

Last Agent to Sell the Property

Colleen Holmes

Engel & Volkers Lake Placid Real Estate Brokerage Email: colleen.holmes@evrealestate.com License #10371200222 Listed on: 11/25/2016

Engel & Volkers Lake Placid Real Estate

Last Buyer's Agent

Colleen Holmes

Engel & Volkers Lake Placid Real Estate Brokerage Email: colleen.holmes@evrealestate.com License #10371200222 Listed on: 11/25/2016

Engel & Volkers Lake Placid Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,361

Year Built

  • Built in 2007

Lot Details

  • 2,178 Sq Ft Lot
  • Cul-De-Sac
  • Few Trees

Parking

  • 1 Car Garage
  • Parking Deck

Property Views

  • Woods
  • Meadow

Home Design

  • Adirondack Architecture
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 1,515 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Wood Frame Window
  • French Doors
  • Screened Porch

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Patio

Utilities

  • No Cooling
  • Baseboard Heating
  • 200+ Amp Service
  • Internet Available

Community Details

  • Property has a Home Owners Association
  • The Balsams Subdivision

Listing and Financial Details

  • Assessor Parcel Number 42.74-6-11.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,361

Year Built

Built in 2007

Lot Details

2,178 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Lot Size: ,05
  • Road Frontage Type: Public
  • Water Body Name: None
  • Subdivision Name: The Balsams
  • Directions: Balsams entrance is on Old Military Rd. across from John Brown Rd. Follow to last building on the right. Unit #3
  • Above Grade Finished Sq Ft: 1515.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 2007
  • Attribution Contact: colleen.holmes@evrealestate.com
  • Financial Details School Taxes: 3017.93
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
  • Has Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Jetted Tub, Vaulted Ceiling(s)
  • Living Area: 1515.0
  • Window Features: Wood Frames
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Jetted Tub: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Few Trees
  • View: Meadow, Trees/Woods
  • Waterfront: No
  • Common Walls: 2+ Common Walls
  • Construction Type: Stone, Wood Siding
  • Patio And Porch Features: Covered, Patio, Porch, Screened
  • Roof: Asphalt
  • Lot Features:Few Trees: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Wood Frames: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Door Features:French Doors: Yes
  • Construction Materials:Stone: Yes
  • Lot Features:Cul-De-Sac: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Deck
  • Parking Features:Deck: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Internet Available, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association Fee: 310.0
  • 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: 2178.0
  • Parcel #: 42.74-6-11.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5361.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2016
Closed on
Mar 26, 2018
Sold by
Garramone Nicholas M and Stockert Timothy
Bought by
Kemp Dennis R and Kemp Amy J
Seller's Agent
Colleen Holmes
Engel & Volkers Lake Placid Real Estate
Buyer's Agent
Colleen Holmes
Engel & Volkers Lake Placid Real Estate
List Price
$459,000
Sold Price
$420,000
Premium/Discount to List
-$39,000
-8.5%
Current Estimated Value
$735,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,398
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Dec 2, 2011
Sold by
Mountain View Builders
Bought by
Garramone Nicholas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.1%
Mortgage Type
Unknown
Source: Public Records
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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
Kemp Dennis R $420,000 --
Garramone Nicholas M $450,000 Jenifer Briggs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garramone Nicholas M $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $420,000 -- --
04/16/2018 04/16/18 Sold $420,000 -8.5% $277 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
11/25/2016 11/25/16 For Sale $459,000 -- $303 / 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 $6,493 $665,200 $186,300 $478,900
2023 $6,088 $596,900 $170,600 $426,300
2022 $5,808 $511,300 $141,000 $370,300
2021 $5,818 $458,600 $132,000 $326,600
2020 $5,395 $411,600 $105,000 $306,600
2019 $5,282 $411,600 $105,000 $306,600
2018 $5,198 $411,600 $105,000 $306,600
2017 $5,707 $430,500 $100,000 $330,500
2016 $5,391 $425,300 $63,000 $362,300
2015 -- $425,300 $63,000 $362,300
2014 -- $425,300 $63,000 $362,300
Source: Public Records

Agents Affiliated with this Home

  • Colleen Holmes

    Seller's Agent in 2018

    Colleen Holmes

    Engel & Volkers Lake Placid Real Estate

    (518) 524-4759

    13 in this area

    32 Total Sales

    Colleen Holmes
    Section Image
  • Kelly Locke

    Buyer Co-Listing Agent in 2018

    Kelly Locke

    Merrill L. Thomas, Inc.

    (518) 524-1338

    6 in this area

    26 Total Sales

    Kelly Locke
    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 158155

APN: 154089-042-074-0006-011-000-0000

New York Essex County Lake Placid 12946

16 Rustic Way Unit 3, Lake Placid, NY

Not Listed for Sale

Detached

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