NOT LISTED FOR SALE

2187 Saranac Ave Lake Placid, NY 12946

Estimated Value: $1,358,579

14 Beds
14 Baths
4,807 Sq Ft
$283/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $1,565,500 $326 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $9,025/month

Highlights

  • Lake Front
  • In Ground Pool
  • 0.84 Acre Lot
  • Docks
  • RV Access or Parking
  • Wood Burning Stove

About This Home

As of May 2021

Escape city life to this captivating Lakefront property with magnificent views of Whiteface Mountain, in the Olympic village of Lake Placid. This picturesque property has 158 ft. of Lakefront on Placid Lake, 3 docks with deep water access, large in ground pool, beautiful perennial gardens, a 2 bedroom cottage and 3 bedroom cottage, both with gas fireplaces, and ready to move in! Currently, a profitable Inn with 19 rooms/suites, two year-round Lakefront cottages, and large owners apartment, totaling 10,150 sq. ft. All furniture, fixtures, canoes, kayaks, Adirondack chairs are included in sale. Wake up listening to Loons in your backyard. Paddle a kayak on beautiful Lake Placid. You are only a short walk to downtown Lake Placid, and all it has to offer. There are architectural plans to convert the main building into a luxurious home, for the ultimate estate. This property is an opportunity of a life time! Why buy anywhere else, when you can be on the Lake. Please call to book a showing.

Last Agent to Sell the Property

Gregory Balderacchi

Homelister Inc License #10311206298 Listed on: 02/26/2020

Last Buyer's Agent

Jennifer Stein

Homelister Inc License #10311206298

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,531

Year Built

  • Built in 1990

Lot Details

  • 0.84 Acre Lot
  • Lake Front
  • Landscaped
  • Level Lot
  • Wooded Lot
  • Many Trees
  • Property is zoned Commercial

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Cottage
  • Wood Siding

Interior Spaces

  • 4,807 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • 5 Fireplaces
  • Wood Burning Stove
  • Fireplace With Gas Starter
  • Wood Frame Window
  • Storm Doors

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Crawl Space

Parking

  • No Garage
  • Parking Deck
  • Driveway
  • Paved Parking
  • RV Access or Parking

Outdoor Features

  • In Ground Pool
  • Boat Access Only
  • Docks
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Baseboard Heating
  • 100 Amp Service
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 42.125-2-10.011

Community Details

Overview

  • No Home Owners Association

Recreation

  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,531

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.84
  • Road Frontage Type: Boat Access
  • Road Surface Type: Paved
  • Water Body Name: Lake Placid
  • Subdivision Name: None
  • Directions: We are located in the village of Lake Placid, and on the Lake of Lake Placid. Property is a 1/4 of a mile from downtown Lake Placid. Located on Saranac Ave., which is an extension of Main Street, Lake Placid, NY.
  • Above Grade Finished Sq Ft: 4807.0
  • Architectural Style: Contemporary, Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1990
  • Financial Details School Taxes: 7541.15
  • Financial Details Village Taxes: 6010.59
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Oven, Refrigerator, Washer
  • Has Basement: Crawl Space, Full, Partial
  • Full Bathrooms: 14
  • Total Bedrooms: 14
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas Starter, Other
  • Fireplaces: 5
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s)
  • Living Area: 4807.0
  • Window Features: Wood Frames
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Oven: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Basement:Partial: Yes

Exterior Features

  • Lot Features: Boat Access, Few Trees, Landscaped, Level, Many Trees, Views, Wooded
  • Pool Features: In Ground
  • View: Lake, Mountain(s), Water
  • Waterfront Features: Lake, Owned Waterfront
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Dock, Lighting, Storage
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Lot Features:Few Trees: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Wood Frames: Yes
  • Lot Features:Views: Yes
  • Waterfront Features:Lake2: Yes
  • Door Features:Storm Door(s): 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
  • Waterfront Features:Owned Waterfront: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Boat Access2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Deck, Driveway, No Garage, Paved, RV Access/Parking
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Deck: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Oil, Propane, Wood Stove
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Other
  • Utilities: Internet Available, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Oil: Yes
  • Heating:Propane2: 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: Lake Placid

Lot Info

  • Lot Size Sq Ft: 36590.4
  • Parcel #: 42.125-2-10.011
  • Zoning: Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 18530.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
May 14, 2021
Sold by
Uwe & Densie Ft
Bought by
Placid Bay Hotel Llc
Seller's Agent
Gregory Balderacchi
Homelister Inc
Buyer's Agent
Jennifer Stein
Homelister Inc
List Price
$1,950,000
Sold Price
$1,565,500
Premium/Discount to List
-$384,500
-19.72%
Current Estimated Value
$1,358,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$206,921
Avg. Annual Appreciation
-3.16%
Original Mortgage
$905,000
Outstanding Balance
$817,578
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$541,001

Purchase Details

Closed on
May 28, 2010
Sold by
Dramm Family Trust
Bought by
Dramm Denise
Source: Public Records

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 Buyer Sale Price Title Company
Placid Bay Hotel Llc $1,565,500 None Available
Dramm Denise -- Peter A Iii Karl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Placid Bay Hotel Llc $905,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $1,565,500 -- --
05/14/2021 05/14/21 Sold $1,565,500 -19.7% $326 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $1,950,000 -- $406 / 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 $21,517 $1,632,800 $1,143,000 $489,800
2023 $21,579 $1,570,000 $1,099,100 $470,900
2022 $22,763 $1,475,000 $336,700 $1,138,300
2021 $12,323 $1,061,000 $336,700 $724,300
2020 $18,743 $1,061,000 $336,700 $724,300
2019 $18,531 $1,061,000 $336,700 $724,300
2018 $12,295 $1,061,000 $336,700 $724,300
2017 $20,597 $1,173,300 $727,400 $445,900
2016 $20,551 $1,173,300 $727,400 $445,900
2015 -- $1,173,300 $727,400 $445,900
2014 -- $1,173,300 $727,400 $445,900
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gregory Balderacchi

    Homelister Inc

  • Jennifer Stein

    Buyer's Agent in 2021

    Jennifer Stein

    Homelister Inc

    (855) 400-8566

    1 in this area

    2,356 Total Sales

    Jennifer Stein
    Section Image
  • Keir Weimer

    Buyer Co-Listing Agent in 2021

    Keir Weimer

    Engel & Volkers Lake Placid Real Estate

    (315) 663-7022

    1 in this area

    7 Total Sales

    Keir Weimer
    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 168861

APN: 154001-042-125-0002-010-011-0000

New York Essex County Lake Placid 12946

2187 Saranac Ave, Lake Placid, NY

This home is located at 2187 Saranac Ave, Lake Placid, NY 12946 since 26 February 2020 and is currently estimated at $1,358,579, approximately $282 per square foot. This property was built in 1990. 2187 Saranac Ave 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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