$495,000
SOLD AUG 21, 2024

188 Watershed Rd Lake George, NY 12845

5 Acres
$90,494 Price per Acre
238,273 Sq Ft Lot

Recently Sold

10% Below List Price

70 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Community Beach Access
  • Private Lot
  • Lake George Elementary School Rated A-
  • Lake View
  • Wooded Lot

About This Lot

As of August 2024

This is the most spectacular view available on Lake George including from Long Island through the Narrows and into Northwest Bay. It is absolutely breathtaking.. This neighborhood includes a nature trail for the residents with picnic table and barbeque areas. It is a short distance to Diamond Point Beach which includes rest rooms and life guards and available only to Lake George residents

Last Agent to Sell the Property

Jeffrey York

Berkshire Hathaway HomeServices Blake, REALTORS License #10301207139 Listed on: 03/03/2024

Berkshire Hathaway HomeServices Blake, REALTORS

Last Buyer's Agent

Zachary Layton

Four Seasons Sotheby's International Realty License #10401363985

Four Seasons Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $235

Lot Details

  • 5.47 Acre Lot
  • Lot Dimensions are 225x443x455x491
  • Property fronts a private road
  • Private Lot
  • Irregular Lot
  • Wooded Lot
  • Property is zoned Single Residence

HOA Fees

  • $75 Monthly HOA Fees

Schools

  • Lake George Elementary School
  • Lake George High School

Additional Features

  • Lake Views
  • Underground Utilities

Listing and Financial Details

  • Legal Lot and Block 75.000 / 1
  • Assessor Parcel Number 522289 225.00-1-75

Community Details

Recreation

  • Community Beach Access
  • Deeded Waterfront Access Rights
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$235

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Zoning: Single Residence
  • Directions: Diamond Point Rd to Diamond Lookout follow to top of development last lot in development.
  • Financial Details Full Market Assessment: 175476
  • Financial Details General Taxes: 2625.0
  • General Taxes Description: Estimated
  • Financial Details Tax Assessed Value: 163778.0
  • Lot Size Acres: 5.47
  • Lot Size: 225x443x455x491
  • Sale Detail Buyer Zip Code: 12845
  • View:Lake2: Yes
  • Special Features: None

Exterior Features

  • Fencing: None
  • Other Structures: None
  • View: Lake
  • Waterfront Features: Other, Deeded Water Access
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Private: Yes
  • Waterfront Features:Other47: Yes
  • Lot Features:Road Frontage: Yes
  • Lot Features:Irregular Lot: Yes
  • Lot Features:Views: Yes
  • Waterfront Features:Deeded Water Access: Yes

Utilities

  • Sewer: None
  • Electric: Underground
  • Water Source: None

Condo/Co-op/Association

  • Amenities: Beach Access, Lake Access
  • Association Fee: 900.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: Yes
  • Parcel Tax HOA:Association Fee: 900.0
  • Association Amenities:Beach Access: Yes
  • Association Amenities:Lake Access: Yes
  • Parcel Tax HOA:Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lake George

Lot Info

  • Current Use: Unimproved
  • Land Lease: No
  • Lot Features: Road Frontage, Private, Views, Wooded, Irregular Lot
  • Parcel #: 522289 225.00-1-75
  • Lot Size Sq Ft: 238273.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 235.09
  • Tax Block: 1
  • Tax Lot: 75.000
  • Tax Tract: 225.00

MLS Schools

  • Elementary School: Lake George
  • HighSchool: Lake George

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2024
Closed on
Aug 22, 2024
Sold by
Brown Craig
Bought by
Adk Re Hldgs Llc
Seller's Agent
Jeffrey York
Berkshire Hathaway HomeServices Blake, REALTORS
Buyer's Agent
Zachary Layton
Four Seasons Sotheby's International Realty
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%
Views
80
Current Estimated Value
$593,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,043
Avg. Annual Appreciation
12.46%
Original Mortgage
$1,395,000
Outstanding Balance
$1,385,462
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$829,429
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 Type Sale Price Title Company
Warranty Deed $495,000 None Available
Warranty Deed $495,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,395,000 Purchase Money Mortgage
Closed $1,395,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Sold $495,000 -10.0% --
05/13/2024 05/13/24 Pending -- -- --
03/03/2024 03/03/24 For Sale $550,000 -- --
Source: Global 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 $1,803 $147,400 $147,400 $0
2023 $1,803 $147,400 $147,400 $0
2022 $1,789 $147,400 $147,400 $0
2021 $1,789 $147,400 $147,400 $0
2020 $1,055 $147,400 $147,400 $0
2019 $244 $18,100 $18,100 $0
2018 $244 $18,100 $18,100 $0
2017 $242 $18,100 $18,100 $0
2016 $239 $18,100 $18,100 $0
2015 -- $18,100 $18,100 $0
2014 -- $18,100 $18,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202412875

Global MLS

APN: 522289-225-000-0001-075-000-0000