NOT LISTED FOR SALE

47 Patch Ln Lake Placid, NY 12946

Estimated Value: $762,833

5 Beds
2 Baths
2,460 Sq Ft
$310/Sq Ft Est. Value

Sale Details

Date Sold: July 23, 2021

Last sale price $507,500 $206 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,640 / mo

Highlights

  • View of Trees or Woods
  • 1 Fireplace
  • Balcony
  • Adirondack Architecture
  • No HOA
  • Wood Frame Window

About This Home

As of July 2021

5 bed, 2 bath home located in the peaceful Patch Lane neighborhood. +1 acre parcel and 5 minute drive to Lake Placid's Main St. While location is close to town, this property benefits from added privacy and no village tax. Enjoy the oversized living room fireplace, renovated kitchen and bathroom, and large front porch and back deck overlooking lawn surrounded by soft and hardwoods. Sold turnkey.

Last Agent to Sell the Property

Whit Bissell

Merrill L. Thomas, Inc. License #10401249544 Listed on: 06/07/2021

Last Buyer's Agent

Whit Bissell

Merrill L. Thomas, Inc. License #10401249544 Listed on: 06/07/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,658

Year Built

  • Built in 1974

Lot Details

  • 1.1 Acre Lot
  • Level Lot
  • Many Trees

Parking

  • 1 Car Garage
  • Basement Garage
  • Parking Deck

Home Design

  • Adirondack Architecture
  • Wood Siding

Interior Spaces

  • 2,460 Sq Ft Home
  • 1.5-Story Property
  • Skylights
  • 1 Fireplace
  • Wood Frame Window
  • Views of Woods

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Balcony
  • Porch

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.18-1-14.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,658

Year Built

Built in 1974

Lot Details

1.1 Acres

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Road Frontage Type: Public
  • Subdivision Name: None
  • Directions: From Averyville take Patch Lane and follow approx 0.2mi to property on left. 47 Patch Lane, Lake Placid.
  • Above Grade Finished Sq Ft: 2460.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Year Built: 1974
  • Financial Details School Taxes: 2618.0
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
  • Other Equipment: Dehumidifier
  • Has Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2460.0
  • Window Features: Skylight(s), Wood Frames
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Lot Features: Level, Many Trees
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Balcony
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Wood Frames: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:Balcony: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Basement, Deck
  • Parking Features:Deck: Yes
  • Parking Features:Basement2: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Internet Available
  • Water Source: Well
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Sewer Septic Tank: 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: 47916.0
  • Parcel #: 42.18-1-14.000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4658.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Jul 23, 2021
Sold by
Cummings-Danson Gail L and Danson Richard C
Bought by
Milovanovic Milovan
Seller's Agent
Whit Bissell
Merrill L. Thomas, Inc.
Buyer's Agent
Whit Bissell
Merrill L. Thomas, Inc.
List Price
$499,000
Sold Price
$507,500
Premium/Discount to List
$8,500
1.7%
Current Estimated Value
$762,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,333
Avg. Annual Appreciation
9.10%
Original Mortgage
$510,000
Outstanding Balance
$462,958
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$299,875

Purchase Details

Closed on
Sep 27, 2006
Sold by
Trustee Mindell Carl E
Bought by
Cummings-Danson Gail L
Source: Public Records
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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
Milovanovic Milovan $510,000 None Available
Cummings-Danson Gail L $323,000 Eileen Pfeiffer
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milovanovic Milovan $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $507,500 -- --
07/23/2021 07/23/21 Sold $507,500 +1.7% $206 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $499,000 -- $203 / Sq Ft
Source: Adirondack-Champlain Valley MLS

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 $6,380 $654,000 $157,900 $496,100
2023 $6,134 $601,800 $151,800 $450,000
2022 $5,269 $510,000 $144,600 $365,400
2021 $4,635 $365,500 $131,100 $234,400
2020 $4,594 $354,700 $116,000 $238,700
2019 $4,431 $345,400 $116,000 $229,400
2018 $4,360 $345,400 $116,000 $229,400
2017 $4,000 $314,500 $124,500 $190,000
2016 $3,985 $314,500 $124,500 $190,000
2015 -- $314,500 $124,500 $190,000
2014 -- $314,500 $124,500 $190,000
Source: Public Records

Agents Affiliated with this Home

  • Whit Bissell

    Seller's Agent in 2021

    Whit Bissell

    Merrill L. Thomas, Inc.

    (518) 524-4079

    12 in this area

    114 Total Sales

    Whit Bissell
    Section Image
  • Brandon Montag

    Buyer Co-Listing Agent in 2021

    Brandon Montag

    The Reynolds Group of Lake Placid, LLC

    (518) 524-1508

    5 in this area

    23 Total Sales

    Brandon Montag
    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 173630

APN: 154089-042-018-0001-014-000-0000

New York Essex County Lake Placid 12946

47 Patch Ln, Lake Placid, NY

Not Listed for Sale

Detached

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