NOT LISTED FOR SALE

18 Prescott Place Saranac Lake, NY 12983

Estimated Value: $190,000 - $290,000

3 Beds
2 Baths
2,236 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $131,580 $59 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,767/month

Highlights

  • Mountain View
  • Porch
  • Kennel
  • Skylights
  • Baseboard Heating
  • High Speed Internet

About This Home

As of March 2021

Take advantage of the lowest interest rates in history and invest in income producing real estate! Historically known as the Williams Cottage or Morrison Cottage this Foursquare home comes complete with sunny enclosed cure porches and charming details. The upstairs unit has a newly renovated great room with a skylight which can be used as a master bedroom, playroom, office, studio or a combination. Driveway is shared. Parking for two cars, one in the garage. Nice sized dry basement with lots of storage room could be a workshop. Washer dryer is in unit one, downstairs. Tenants pay their own utilities. Could easily be converted to a single family home. As part of the Helen Hill National Register Historic District which doesn't restrict the owner from making changes to the property. However, qualifying upgrades are eligible for a tax credit up to 20%. Walking distance to downtown, Moody Pond and Lake Flower. Ten minutes to Place Placid, Two hours to Albany, Burlington and Montreal.

Last Agent to Sell the Property

Corey Iaria Purcell

Four Seasons Sotheby's International Realty License #10401212632 Listed on: 03/16/2020

Last Buyer's Agent

Corey Iaria Purcell

Four Seasons Sotheby's International Realty License #10401212632 Listed on: 03/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,790

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Kennel
  • Level Lot
  • Few Trees

Parking

  • 1 Car Garage
  • Driveway

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,236 Sq Ft Home
  • Skylights
  • Vinyl Clad Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Baseboard Heating
  • 200+ Amp Service
  • Oil Water Heater
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 447.70-3-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,790

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Church Street go up Helen Hill. Turn left on Shepard Ave and left again on Prescott Pl. #18 on the left.
  • Garage Yn: Yes
  • Structure Type: Up & Down
  • Year Built: 1910
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Oil Water Heater, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Interior Amenities: Apartment, High Speed Internet
  • Window Features: Skylight(s), Vinyl Clad Windows
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Unfinished: Yes
  • Interior Features:High Speed Internet: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Apartment2: Yes
  • Appliances:Oil Water Heater: Yes

Exterior Features

  • Lot Features: Few Trees, Level
  • View: Mountain(s), Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Kennel
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Lot Features:Few Trees: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Vinyl Clad Windows: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:Kennel: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, Internet Available, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes

Schools

  • Junior High Dist: Saranac Lake

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 447.70-3-7
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Leased: 2

Tax Info

  • Tax Annual Amount: 3790.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
Butler Mark L
Bought by
Lass Richard P and Lass Jennifer M
Current Estimated Value
$254,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$160,788
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$93,722

Purchase Details

Listed on
Mar 16, 2020
Closed on
Mar 4, 2021
Sold by
Gertsch Linda
Bought by
Butler Mark L and Marconi Anne
Seller's Agent
Corey Iaria Purcell
Four Seasons Sotheby's International Realty
Buyer's Agent
Corey Iaria Purcell
Four Seasons Sotheby's International Realty
List Price
$131,580
Sold Price
$131,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.02%
Original Mortgage
$98,685
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2008
Sold by
Gertsch Donald
Bought by
Gertsch Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 2, 2003
Sold by
Gertsch Donald
Bought by
Gertsch Donald
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
Lass Richard P -- Liberty Abstract
Butler Mark L $129,000 None Available
Gertsch Linda -- Joel P Peller
Gertsch Donald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lass Richard P $172,500
Previous Owner Butler Mark L $98,685
Previous Owner Gertsch Linda $55,000
Previous Owner Gertsch Linda L $48,000
Previous Owner Gertsch Linda L $41,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $131,580 -- --
07/14/2023 07/14/23 Off Market $131,580 -- --
03/04/2021 03/04/21 Sold $131,580 0.0% $59 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $131,580 -- $59 / 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 $4,490 $141,300 $14,900 $126,400
2023 $4,490 $141,300 $14,900 $126,400
2022 $4,320 $141,300 $14,900 $126,400
2021 $4,255 $141,300 $14,900 $126,400
2020 $3,828 $141,300 $14,900 $126,400
2019 $2,639 $141,300 $14,900 $126,400
2018 $3,897 $141,300 $14,900 $126,400
2017 $3,693 $141,300 $14,900 $126,400
2016 $3,511 $141,300 $14,900 $126,400
2015 -- $141,300 $14,900 $126,400
2014 -- $141,300 $14,900 $126,400
Source: Public Records

Agents Affiliated with this Home

  • Corey Iaria Purcell

    Seller's Agent in 2021

    Corey Iaria Purcell

    Four Seasons Sotheby's International Realty

    (518) 524-6608

    21 in this area

    86 Total Sales

    Section Image

  • K

    Buyer Co-Listing Agent in 2021

    Kathryn (Katie) Stiles

    Adirondack Stiles Real Estate Company

    (518) 524-5937

    14 in this area

    30 Total Sales

    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 168981

APN: 164601-447-070-0003-007-000-0000

New York Franklin County Saranac Lake 12983

18 Prescott Place, Saranac Lake, NY

This home is located at 18 Prescott Place, Saranac Lake, NY 12983 since 16 March 2020 and is currently estimated at $254,510, approximately $113 per square foot. This property was built in 1910. 18 Prescott Place is a home located in Franklin County with nearby schools including Saranac Lake Senior High School, Northern Lights School, and St. Bernard's School.

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