NOT LISTED FOR SALE

16 Rustic Way Unit 4 Lake Placid, NY 12946

Estimated Value: $505,000 - $891,000

4 Beds
4 Baths
1,804 Sq Ft
$401/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $535,000 $297 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,489/month

Highlights

  • View of Trees or Woods
  • Family Room with Fireplace
  • Radiant Floor
  • Adirondack Architecture
  • Cathedral Ceiling
  • Hydromassage or Jetted Bathtub

About This Home

As of March 2018

Lake Placid LUXURY BALSAMS TOWN HOME offered turnkey including classic Old Hickory furnishings. END unit featuring 3 levels w/4 bedrooms, 4 full baths, elegant Adirondack-style detail throughout, native stone fireplace, 2 covered porches (1 screened). Upgrades include chef's kitchen with granite counters and Bosch stainless steel appliances, 2nd level loft, finished lower level (walkout to patio), great room with pool table and custom wet bar, hardwood floors and custom window treatments. Abundant closet and storage space, separate laundry room. Excellent location! Close to Whiteface Mountain Ski Center, hiking trails, and Main St., Lake Placid. Great vacation rental potential.

Last Agent to Sell the Property

Mark Adler

Merrill L. Thomas, Inc. Listed on: 09/10/2015

Last Buyer's Agent

Mark Adler

Merrill L. Thomas, Inc. Listed on: 09/10/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,454

Year Built

  • Built in 2009

Lot Details

  • 3,049 Sq Ft Lot
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Many Trees

Parking

  • 1 Car Garage

Property Views

  • Woods
  • Neighborhood

Home Design

  • Adirondack Architecture
  • Wood Siding
  • Cedar Siding
  • Cedar

Interior Spaces

  • 1,804 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Insulated Windows
  • Wood Frame Window
  • Family Room with Fireplace
  • 2 Fireplaces
  • Screened Porch
  • Radiant Floor

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

  • No Cooling
  • Heating Available
  • Vented Exhaust Fan
  • Underground Utilities
  • Internet Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.74-6-12.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,454

Year Built

Built in 2009

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Water Body Name: None
  • Subdivision Name: None
  • Directions: From Horse Show Grounds, bear left onto Old Military Road. ~1/2 mile turn right into Balsams Town homes across from John Brown Road. Follow to farthest building on right(16 Rustic Way), town home 4 is last on the right as you're looking straight at Building.
  • Above Grade Finished Sq Ft: 1804.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 2009
  • Financial Details School Taxes: 3614.0
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Exhaust Fan, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Full, Walk-Out Access
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room, Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Jetted Tub, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Living Area: 1804.0
  • Window Features: Insulated Windows, Wood Frames
  • Appliances Dishwasher: Yes
  • Appliances:Exhaust Fan: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Family Room: 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
  • Interior Features:Wet Bar: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Few Trees, Landscaped, Level, Many Trees
  • View: Neighborhood, Trees/Woods
  • Waterfront: No
  • Common Walls: End Unit
  • Construction Type: Cedar, Wood Siding
  • Exterior Features: Gas Grill, Lighting, Storage
  • Other Structures: Outbuilding
  • 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
  • Exterior Features:Storage2: 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
  • Construction Materials:Cedar: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant Floor
  • Heating Yn: Yes
  • Electric: None
  • Utilities: Cable Available, Internet Available, Sewer Connected, Water Connected, Underground Utilities
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association Fee: 393.0
  • Association: Yes

Association/Amenities

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

Fee Information

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

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Parcel #: 42.74-6-12.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6454.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2023
Sold by
Ainsworth Linda H and Ainsworth William C
Bought by
Linda H Ainsworth Lt and Ainsworth
Current Estimated Value
$702,539

Purchase Details

Listed on
Sep 10, 2015
Closed on
Mar 28, 2018
Sold by
16 Rustic Way Llc
Bought by
Ainsworth Linda H and Ainsworth William C
Seller's Agent
Mark Adler
Merrill L. Thomas, Inc.
Buyer's Agent
Mark Adler
Merrill L. Thomas, Inc.
List Price
$544,900
Sold Price
$535,000
Premium/Discount to List
-$9,900
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$424,000
Interest Rate
4.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 16, 2017
Sold by
Marino Victor and Marino Diane
Bought by
16 Rustic Way Llc

Purchase Details

Closed on
Jun 17, 2011
Sold by
Kryger Michael
Bought by
Marino Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 10, 2009
Sold by
Mtn View Builders Llc
Bought by
Kryger Michael
Source: Public Records

Range of Values:

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Average Value
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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
Linda H Ainsworth Lt -- None Available
Ainsworth Linda H $535,000 --
16 Rustic Way Llc -- --
Marino Victor $562,500 --
Kryger Michael $529,722 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ainsworth Linda H $1,841
Previous Owner Ainsworth Linda H $424,000
Previous Owner Marino Victor $6,919
Previous Owner Marino Victor $408,000
Previous Owner Marino Victor $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $535,000 -- --
03/30/2018 03/30/18 Sold $535,000 -1.8% $297 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $544,900 -- $302 / 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 $7,308 $768,700 $227,900 $540,800
2023 $7,099 $696,100 $208,700 $487,400
2022 $6,859 $603,200 $172,500 $430,700
2021 $6,881 $542,400 $163,500 $378,900
2020 $6,929 $528,700 $146,700 $382,000
2019 $6,785 $528,700 $146,700 $382,000
2018 $6,444 $510,300 $146,700 $363,600
2017 $6,531 $513,300 $175,000 $338,300
2016 $6,455 $509,300 $63,000 $446,300
2015 -- $509,300 $63,000 $446,300
2014 -- $509,300 $63,000 $446,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Adler

    Merrill L. Thomas, Inc.

  • F

    Buyer Co-Listing Agent in 2018

    Francis (Bob) Miller

    Merrill L. Thomas, Inc.

See All Agents

Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 154357

APN: 154089-042-074-0006-012-000-0000

New York Essex County Lake Placid 12946

16 Rustic Way Unit 4, Lake Placid, NY

This home is located at 16 Rustic Way Unit 4, Lake Placid, NY 12946 since 10 September 2015 and is currently estimated at $723,681, approximately $401 per square foot. This property was built in 2009. 16 Rustic Way Unit 4 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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