Seller's Agent in 2024
Kelsey Cassidy
Merrill L. Thomas, Inc.
(518) 524-7373
19 in this area
49 Total Sales
22 Otter Way Lake Placid, NY 12946
5
Beds
2.5
Baths
3,290
Sq Ft
0.94
Acres
Highlights
- Waterfront
- Ranch Style House
- Private Yard
- 0.94 Acre Lot
- Wood Flooring
- Brick Veneer
About This Home
As of August 2024Welcome to this charming property in the highly sought-after Otter Landing development on the Chubb River in Lake Placid. This spacious raised ranch boasts nearly 3300 square feet of living space.
This house features 5 bedrooms, 2.5 bathrooms, and 2 full kitchens and is perfect for hosting gatherings or accommodating extended family. Recent upgrades include recently remodeled bathrooms and new flooring throughout.
The handicap-accessible basement is equipped with a full second kitchen, spacious living room, a half-bath that can convert to a full bath, and a private entrance, making it ideal for conversion into a self-contained apartment for guests or rental income.
Outside, enjoy two spacious yards surrounded by mature hardwoods and views of the Chubb River off the back deck.
Perfect for entertaining, the property features a 14x14 fenced-in patio with a fire pit, an 8-person hot tub nestled within a privacy fence, and a custom-built 10x8 shed/dog house.
The front yard presents an opportunity with two separate lot lines, allowing for the potential construction of unattached garage(s) that could provide long-term apartment rental income.
Don't miss your opportunity to own this exceptional property, offering a blend of comfort, convenience, and income potential.
Last Agent to Sell the Property
Merrill L. Thomas, Inc. License #10401313056 Listed on: 03/24/2024
Last Buyer's Agent
Merrill L. Thomas, Inc. License #10401313056 Listed on: 03/24/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,069
Year Built
- Built in 2006
Lot Details
- 0.94 Acre Lot
- Waterfront
- Private Entrance
- Wood Fence
- Private Yard
Home Design
- Ranch Style House
- Brick Veneer
- Vinyl Siding
Interior Spaces
- Bar
- Living Room
- Dining Room
- Storage
- Washer and Dryer
Kitchen
- Free-Standing Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
Finished Basement
- Walk-Out Basement
- Exterior Basement Entry
- Block Basement Construction
Outdoor Features
- Courtyard
- Fire Pit
Utilities
- Heating System Uses Oil
- Baseboard Heating
- 200+ Amp Service
Listing and Financial Details
- Assessor Parcel Number 42.221-1-15.111
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/23/2024 08/23/24 | Sold | $605,000 | -6.9% | $184 / Sq Ft | |
| 03/24/2024 03/24/24 | For Sale | $650,000 | +116.7% | $198 / Sq Ft | |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- | |
| 08/12/2023 08/12/23 | Off Market | $300,000 | -- | -- | |
| 01/04/2016 01/04/16 | Sold | $300,000 | -10.4% | $108 / Sq Ft | View Prior Sale |
| 09/05/2014 09/05/14 | Pending | -- | -- | -- | |
| 09/05/2014 09/05/14 | For Sale | $335,000 | -- | $121 / Sq Ft |
Source: Adirondack-Champlain Valley MLS
Tax History Compared to Growth
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 | $6,768 | $530,800 | $122,500 | $408,300 |
| 2023 | $7,001 | $491,500 | $117,800 | $373,700 |
| 2022 | $6,094 | $388,000 | $106,400 | $281,600 |
| 2021 | $4,060 | $349,600 | $96,700 | $252,900 |
| 2020 | $5,568 | $310,000 | $74,000 | $236,000 |
| 2019 | $3,540 | $300,000 | $74,000 | $226,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kelsey Cassidy
-
Beth Hall
Buyer Co-Listing Agent in 2024
Beth Hall
Adirondack Premier Properties Berkshire Hathaway HomeService
(518) 323-5666
15 in this area
131 Total Sales
-
Dylan Duffy
Seller's Agent in 2016
Dylan Duffy
Engel & Volkers Lake Placid Real Estate
(518) 637-1687
7 Total Sales
-
Carolyn Donatello
C
Buyer Co-Listing Agent in 2016
Carolyn Donatello
Adirondack Premier Properties Berkshire Hathaway HomeService
(518) 524-0537
5 in this area
12 Total Sales
Map
Source: Adirondack-Champlain Valley MLS
MLS Number: 201510
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