NOT LISTED FOR SALE

432 E Lake Rd Penn Yan, NY 14527

Estimated Value: $518,752 - $792,000

2 Beds
1 Bath
840 Sq Ft
$757/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $607,024 $723 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,775/month

10 Days on Market

Highlights

  • Property is near a lake
  • Wood Flooring
  • Open to Family Room
  • Waterfront
  • Cottage
  • Porch

About This Home

As of August 2024

Wonderful opportunity on Keuka Lake with 52 feet of lake frontage and all PUBLIC UTILITIES!! This renovated gem has 2 bedrooms upstairs with an extra space for the bunk beds. The redesigned kitchen / familyroom is spacious enough for everyone to enjoy and so charming! You will love the feel of this home! The treed lot goes from the beach all the way up to Route 54. HUGE deck off the main floor with more level space down below on the seawalled frontage. Bring on the yard games and the fire pit! It's time to relax at this low maintenance lake house! Plenty of parking! Delayed Showings begin Friday, June 14th at 9am. Delayed Negotiations commence Friday, June 21st at 3pm. Please allow 48 hours for review of offers.

Last Agent to Sell the Property

Mary Worth

Listing by Howard Hanna Lake Group Brokerage Phone: 585-704-4872 License #10401274175 Listed on: 06/13/2024

Howard Hanna Lake Group

Co-Listed By

Richard Murphy

Listing by Howard Hanna Lake Group Brokerage Phone: 585-704-4872 License #10491207796

Last Buyer's Agent

Charles Murphy

Listing by Hunt Real Estate ERA/Columbus License #10301211440

Hunt Real Estate ERA/Columbus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,365

Year Built

  • Built in 1939

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 52x254
  • Waterfront

Home Design

  • Cottage
  • Block Foundation
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Property is near a lake
  • Open Patio
  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 573089-085-047-0001-022-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,365

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1939
  • Attribution Contact: 585-704-4872
  • Water Body Name: Keuka Lake
  • Co List Office Mls Id: HHLG01
  • Co List Office Phone: 315-536-2700
  • Directions: From Penn Yan, take Route 54 South about 3.5 miles and turn down onto the Lower Lake Road. From Hammondsport, take Route 54 North and turn left onto G Fullagar Road. At the botttome of the road, turn right. Look for signs!
  • Architectural Style: Cottage
  • Flooring: Hardwood, Luxury Vinyl, Tile, Varies
  • Garage Yn: No
  • Interior Features: Breakfast Bar, Kitchen Island, Kitchen/Family Room Combo
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.3032
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Block, Poured
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Parking Features: No Garage, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Wall Furnace
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Penn Yan

Lot Info

  • Parcel Number: 573089-085-047-0001-022-000-0000
  • Lot Dimensions: 52X254
  • Lot Size Sq Ft: 13208.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5365.0
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Aug 28, 2024
Sold by
Rynone Richard T
Bought by
Erickson Paul W and Erickson Nicole K
Seller's Agent
Mary Worth
Howard Hanna Lake Group
Buyer's Agent
Charles Murphy
Hunt Real Estate ERA/Columbus
List Price
$549,000
Sold Price
$607,024
Premium/Discount to List
$58,024
10.57%
Views
119
Current Estimated Value
$635,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,664
Avg. Annual Appreciation
3.48%
Original Mortgage
$599,000
Outstanding Balance
$591,552
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$44,136
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Erickson Paul W $607,024 Stewart Title Insurance Co
Erickson Paul W $607,024 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erickson Paul W $599,000
Closed Erickson Paul W $599,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $607,024 +10.6% $723 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $549,000 -- $654 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $5,458 $297,200 $137,900 $159,300
2023 $5,432 $297,200 $137,900 $159,300
2022 $5,409 $242,200 $163,800 $78,400
2021 $5,229 $242,200 $163,800 $78,400
2020 $5,338 $242,200 $163,800 $78,400
2019 $5,250 $242,200 $163,800 $78,400
2018 $5,250 $210,000 $152,000 $58,000
2017 $5,094 $210,000 $152,000 $58,000
2016 $5,098 $210,000 $152,000 $58,000
2015 -- $210,000 $152,000 $58,000
2014 -- $196,000 $132,100 $63,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1545288

Upstate New York Real Estate Information Services (UNYREIS)

APN: 573089-085-047-0001-022-000-0000