$790,000
SOLD APR 28, 2025

4 Rustic Way Unit 4 Lake Placid, NY 12946

4 Beds
4 Baths
2,564 Sq Ft
$493/mo HOA Fee

Recently Sold

$308 Per Sq Ft

5% Below List Price

Highlights

  • Adirondack Architecture
  • Main Floor Primary Bedroom
  • Neighborhood Views
  • Cathedral Ceiling
  • End Unit
  • Patio

About This Home

As of April 2025

Luxury 4-bedroom Balsams townhome located in beautiful Lake Placid with no village taxes. Spacious end unit with hickory floors, Douglas fir wainscoting, screened in porch, and heated garage. Chef's kitchen has stainless steel appliances, granite countertops and custom cabinetry. Master bedroom ensuite on the main level as well as 2 more ensuite bedrooms on second floor. Lower level with walkout to patio as well as a laundry room, and 4th bedroom. Detached heated garage. Currently a very successful vacation rental income producing property, this can continue to be utilized for unlimited rentals, or would make for a wonderful full-time home. Being sold mostly furnished (exclusion list available).

Last Agent to Sell the Property

Bob Miller

Bob Miller Real Estate License #10371201636 Listed on: 12/06/2023

Last Buyer's Agent

Bonny Durbin

Indigo Sky Realty, LLC License #10491212667

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,555

Year Built

  • Built in 2007

HOA Fees

  • Property has a Home Owners Association

Parking

  • 1 Car Garage

Home Design

  • Adirondack Architecture
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Living Room
  • Dining Room
  • Utility Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating Available
  • 200+ Amp Service
  • Internet Available
  • Cable TV Available

Additional Features

  • Patio
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 42.74-6-20.000

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,555

Year Built

Built in 2007

Lot Details

0

HOA Fees

$493 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: Old Military Rd. to Rustic Way. 2nd building on the right. Unit is end unit on right.
  • Above Grade Finished Sq Ft: 1804.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 2007
  • Financial Details School Taxes: 3568.25
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Oven, Range Hood, Refrigerator, Washer
  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 760.0
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Primary Downstairs
  • Living Area: 2564.0
  • Window Features: Insulated Windows
  • Appliances Dishwasher: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Oven: Yes
  • Appliances:Range Hood: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Cathedral Ceiling(s): Yes

Exterior Features

  • Lot Features: Level
  • View: Neighborhood
  • Waterfront: No
  • Common Walls: End Unit
  • Construction Type: Wood Siding
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Other
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, Internet Available, Sewer Connected, Water Connected
  • Heating:Electric4: Yes
  • Heating:Other13: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association Fee: 493.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:None: Yes
  • Association Fee Includes:None26: Yes
  • Association Fee Includes:Snow Removal2: Yes
  • Association Fee Includes:Trash2: Yes

Fee Information

  • Association Fee Includes: Snow Removal, Trash, None

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Parcel #: 42.74-6-20.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Short Term Lease

Tax Info

  • Tax Annual Amount: 6555.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2014
Sold by
Cook Jon Leslie
Bought by
Racine Living Trust

Purchase Details

Closed on
Aug 14, 2007
Sold by
Cook John
Bought by
Cook John

Purchase Details

Closed on
May 21, 2007
Sold by
Mountain View Builders Ll C
Bought by
Cook Jon L
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 Type Sale Price Title Company
Deed $530,250 Timothy R Smith
Interfamily Deed Transfer -- --
Deed $523,868 Jon Thayer
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $377,600 Adjustable Rate Mortgage/ARM
Previous Owner $5,925 Unknown
Previous Owner $405,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $417,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $790,000 -1.1% $308 / Sq Ft
07/18/2024 07/18/24 Price Changed $799,000 -4.3% $312 / Sq Ft
12/06/2023 12/06/23 For Sale $835,000 +5.7% $326 / Sq Ft
12/05/2023 12/05/23 Off Market $790,000 -- --
06/05/2023 06/05/23 For Sale $835,000 -- $326 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
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 $7,291 $766,100 $227,900 $538,200
2023 $7,092 $695,400 $208,700 $486,700
2022 $6,669 $570,000 $172,500 $397,500
2021 $6,920 $545,500 $163,500 $382,000
2020 $6,665 $517,200 $146,700 $370,500
2019 $6,383 $497,400 $146,700 $350,700
2018 $6,281 $497,400 $146,700 $350,700
2017 $6,744 $524,400 $175,000 $349,400
2016 $6,777 $534,700 $63,000 $471,700
2015 -- $534,700 $63,000 $471,700
2014 -- $534,700 $63,000 $471,700
Source: Public Records

Agents Affiliated with this Home

  • Bob Miller

    Seller's Agent in 2025

    Bob Miller

    Bob Miller Real Estate

    (518) 524-0383

    63 Total Sales

    Bob Miller
    Section Image
  • Bonny Durbin

    Buyer's Agent in 2025

    Bonny Durbin

    Indigo Sky Realty, LLC

    (518) 685-2225

    56 Total Sales

    Bonny Durbin
    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 179040

APN: 154089-042-074-0006-020-000-0000

New York Essex County Lake Placid 12946

4 Rustic Way Unit 4, Lake Placid, NY

This home is located at 4 Rustic Way Unit 4, Lake Placid, NY 12946 and is currently priced at $790,000, approximately $308 per square foot. This property was built in 2007. 4 Rustic Way Unit 4 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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