NOT LISTED FOR SALE

285 Old Military Rd Unit 1 Lake Placid, NY 12946

Estimated Value: $350,000 - $467,000

3 Beds
2 Baths
2,430 Sq Ft
$172/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $230,000 $95 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,451/month

Highlights

  • 0.7 Acre Lot
  • Chalet
  • 2 Fireplaces
  • Mountain View
  • Wood Burning Stove
  • No HOA

About This Home

As of April 2020

Soak up the stunning views of Whiteface Mountain in this lovely home conveniently situated close to town and just yards from the local elementary school. All the benefits of Village living with no Village taxes! Large lot, with open yard and perennial gardens. Home currently used being used as a wonderful long-term income producing property with 2 apartments. The next owner may choose to use as a vacation . rental, live in 1 apartment, and rent the other to offset the mortgage, or easily convert into a single family home. 3rd floor loft has plenty of room for storage. Current owners did wonderful upgrades after purchasing, making this a very attractive offering for the savvy buyer.

Last Agent to Sell the Property

Francis (Bob) Miller

Merrill L. Thomas, Inc. Listed on: 05/30/2018

Last Buyer's Agent

Francis (Bob) Miller

Merrill L. Thomas, Inc. Listed on: 05/30/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,366

Year Built

  • Built in 1971

Lot Details

  • 0.7

Home Design

  • Chalet
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,430 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Stove
  • Gas Log Fireplace
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Parking Deck

Utilities

  • No Cooling
  • Baseboard Heating
  • 200+ Amp Service
  • Internet Available

Additional Features

  • Outdoor Storage
  • 0.7 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.73-3-4.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,366

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.7
  • Road Frontage Type: Public
  • Water Body Name: None
  • Subdivision Name: None
  • Directions: Old Military Road just past elementary school.
  • Above Grade Finished Sq Ft: 2430.0
  • Architectural Style: Chalet
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1971
  • Financial Details School Taxes: 1317.24
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Refrigerator, Washer
  • Has Basement: Finished, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Wood Burning Stove
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Apartment
  • Living Area: 2430.0
  • Appliances Dishwasher: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Wood Burning Stove: Yes
  • Interior Features:Apartment2: Yes

Exterior Features

  • View: Mountain(s)
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Storage
  • Other Structures: Outbuilding
  • Roof: Metal
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Storage2: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.0
  • Parking Features: Deck
  • Parking Features:Deck: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Internet Available, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: 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: 30492.0
  • Parcel #: 42.73-3-4.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2365.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Apr 10, 2020
Sold by
Sheridan Camelia M and Sheridan Michael
Bought by
Yates Joletta
Seller's Agent
Francis (Bob) Miller
Merrill L. Thomas, Inc.
Buyer's Agent
Francis (Bob) Miller
Merrill L. Thomas, Inc.
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%
Current Estimated Value
$418,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,047
Avg. Annual Appreciation
11.37%
Original Mortgage
$235,653
Outstanding Balance
$208,363
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$209,684

Purchase Details

Closed on
Mar 24, 2014
Sold by
Sheridan Camelia
Bought by
Sheridan Camelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2014
Sold by
Smith John
Bought by
Sheridan Camelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage
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
Yates Joletta $230,000 None Available
Sheridan Camelia -- Jenifer R. Briggs
Sheridan Camelia $184,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yates Joletta $235,653
Previous Owner Sheridan Camelia $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $230,000 -- --
04/10/2020 04/10/20 Sold $230,000 -7.6% $95 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $249,000 -- $102 / 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 $3,150 $327,800 $110,100 $217,700
2023 $3,098 $303,500 $105,900 $197,600
2022 $2,942 $260,900 $82,600 $178,300
2021 $2,919 $230,000 $71,800 $158,200
2020 $3,092 $210,300 $68,400 $141,900
2019 $2,998 $205,200 $68,400 $136,800
2018 $2,695 $187,800 $68,400 $119,400
2017 $2,366 $185,800 $85,000 $100,800
2016 $2,357 $185,800 $85,000 $100,800
2015 -- $185,800 $85,000 $100,800
2014 -- $184,200 $106,300 $77,900
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2020

    Francis (Bob) Miller

    Merrill L. Thomas, Inc.

  • B

    Buyer Co-Listing Agent in 2020

    Blythe Niles-Linster

    Engel & Volkers Lake Placid Real Estate

    (914) 588-1316

    9 in this area

    84 Total Sales

    Blythe Niles-Linster
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 162794

APN: 154089-042-073-0003-004-000-0000

New York Essex County Lake Placid 12946

285 Old Military Rd Unit 1, Lake Placid, NY

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