NOT LISTED FOR SALE

41 Franks Ln Lake Placid, NY 12946

Estimated Value: $749,000 - $1,308,000

5 Beds
3.5 Baths
3,082 Sq Ft
$352/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $675,000 $219 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,558/month

Highlights

  • View of Trees or Woods
  • Cathedral Ceiling
  • 1 Fireplace
  • Radiant Floor
  • Hydromassage or Jetted Bathtub
  • No HOA

About This Home

As of June 2016

Overlook - This custom built 5 bedroom, 3.5 bath home with over 4,000 SF tucked away in Olympic Hills offers privacy and seclusion just 2 miles from the village of Lake Placid. Built in 2000; the interior features vaulted ceilings, living room fireplace, hardwood floors, granite countertops, his & her master bath and a finished walkout basement. A large deck, perfect for summer entertaining, overlooks a nice wooded setting with distant mountain views. Other features include a new paved driveway, 2 car garage and large rear yard.

Last Agent to Sell the Property

Nick Politi

Merrill L. Thomas, Inc. License #10301205721 Listed on: 08/20/2015

Last Buyer's Agent

Nick Politi

Merrill L. Thomas, Inc. License #10301205721 Listed on: 08/20/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,017

Year Built

  • Built in 2000

Lot Details

  • 1.25 Acre Lot
  • Property fronts a private road
  • Property fronts an easement
  • Many Trees

Parking

  • 2 Car Garage
  • Parking Deck
  • Driveway

Property Views

  • Woods
  • Mountain

Home Design

  • Wood Siding

Interior Spaces

  • 3,082 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Triple Pane Windows
  • Radiant Floor
  • Carbon Monoxide Detectors
  • Finished Basement

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • No Cooling
  • Baseboard Heating
  • Underground Utilities
  • 200+ Amp Service
  • Septic Tank
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympic Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 42.18-4-71

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,017

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.25
  • Road Frontage Type: Easement, Private Road
  • Road Surface Type: Paved
  • Water Body Name: None
  • Subdivision Name: Olympic Hills
  • Directions: Averyville Road to Split Rock Trail. Take a right at the Y onto to Franks Lane. Go all the way to the top of circle and driveway is on the right. 41 Franks Lane
  • Above Grade Finished Sq Ft: 3082.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 2000
  • Financial Details School Taxes: 3789.87
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Jetted Tub
  • Living Area: 3082.0
  • Window Features: Triple Pane Windows
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Oven: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Jetted Tub: Yes

Exterior Features

  • Lot Features: Few Trees, Many Trees, Views
  • View: Mountain(s), Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Lighting
  • Roof: Asphalt
  • Lot Features:Few Trees: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Views: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Many Trees: Yes
  • Window Features:Triple Pane Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Deck, Driveway, Paved
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Deck: Yes

Utilities

  • Security: Carbon Monoxide Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Radiant Floor
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Internet Available, Water Connected, Underground Utilities
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes
  • Heating:Radiant Floor: 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: 54450.0
  • Parcel #: 42.18-4-71
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2015
Closed on
Jun 16, 2016
Sold by
Crawford Mark
Bought by
Griffin Mark
Seller's Agent
Nick Politi
Merrill L. Thomas, Inc.
Buyer's Agent
Nick Politi
Merrill L. Thomas, Inc.
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Current Estimated Value
$1,045,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,154
Avg. Annual Appreciation
5.31%
Original Mortgage
$445,000
Outstanding Balance
$337,147
Interest Rate
2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$746,272

Purchase Details

Closed on
Jan 2, 1998
Sold by
Burnham Jeffrey
Bought by
Crawford Mark L

Purchase Details

Closed on
Jul 22, 1997
Sold by
Politi Robert T
Bought by
Reti Jeffrey Burhnam Self-Empl

Purchase Details

Closed on
Feb 13, 1996
Sold by
Est Of Politi Joanne O
Bought by
Politi Robert T
Source: Public Records

Range of Values:

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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
Griffin Mark $675,000 Timothy R Smith
Crawford Mark L $41,000 --
Reti Jeffrey Burhnam Self-Empl $26,000 --
Politi Robert T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Mark $445,000
Previous Owner Lobdell Danielle $7,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $675,000 -- --
06/16/2016 06/16/16 Sold $675,000 -10.0% $219 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $750,000 -- $243 / 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 $10,017 $1,053,600 $205,300 $848,300
2023 $9,739 $955,500 $197,500 $758,000
2022 $9,259 $800,000 $178,800 $621,200
2021 $9,492 $748,500 $162,300 $586,200
2020 $9,190 $701,400 $127,500 $573,900
2019 $8,998 $701,400 $127,500 $573,900
2018 $8,853 $701,400 $127,500 $573,900
2017 $8,585 $675,000 $189,600 $485,400
2016 $6,975 $550,500 $189,600 $360,900
2015 -- $550,500 $189,600 $360,900
2014 -- $550,500 $189,600 $360,900
Source: Public Records

Agents Affiliated with this Home

  • Nick Politi

    Seller's Agent in 2016

    Nick Politi

    Merrill L. Thomas, Inc.

    (518) 524-7087

    15 in this area

    71 Total Sales

    Section Image
  • Karen Mergenthaler

    Buyer Co-Listing Agent in 2016

    Karen Mergenthaler

    Merrill L. Thomas, Inc.

    (518) 524-4022

    50 in this area

    119 Total Sales

    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 154165

APN: 154089-042-018-0004-071-000-0000

New York Essex County Lake Placid 12946

41 Franks Ln, Lake Placid, NY

This home is located at 41 Franks Ln, Lake Placid, NY 12946 since 20 August 2015 and is currently estimated at $1,083,419, approximately $351 per square foot. This property was built in 2000. 41 Franks Ln 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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