NOT LISTED FOR SALE

59 Otter Way Lake Placid, NY 12946

Estimated Value: $593,000 - $1,541,000

3 Beds
3.5 Baths
1,995 Sq Ft
$593/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $500,000 $251 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $7,666/month

Highlights

  • River Front
  • Adirondack Architecture
  • Hydromassage or Jetted Bathtub
  • View of Trees or Woods
  • Wooded Lot
  • No HOA

About This Home

As of August 2015

Adk waterfront retreat overlooking the Chubb river.Open floor plan,Gourmet kitchen,granite countertops & stainless steel appl. French doors in dining rm connect to main level deck. Top flr.overlooks water & an all season enclosed porch is accessible from both master & 3rd bdrm. Fully finished bsmt. set up as open suite with full bath. Insul. 2 car garage. Proff. landscaped. Home has established rental potential.

Last Agent to Sell the Property

Ann Ertel

Four Seasons Sotheby's International Realty Listed on: 06/10/2015

Last Buyer's Agent

Ann Ertel

Four Seasons Sotheby's International Realty Listed on: 06/10/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,561

Year Built

  • Built in 2012

Lot Details

  • 0.27 Acre Lot
  • River Front
  • Landscaped
  • Wooded Lot
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Parking Deck

Property Views

  • Woods
  • Neighborhood

Home Design

  • Adirondack Architecture
  • Wood Siding

Interior Spaces

  • 1,995 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Insulated Windows
  • Unfinished Basement
  • Walk-Out Basement
  • Washer and Gas Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Enclosed patio or porch

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.237-14-8.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,561

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Lot Size: 0.27
  • Road Surface Type: Gravel
  • Water Body Name: Chubb River
  • Subdivision Name: Other
  • Directions: From Mill Drive Turn onto Commons Way . Look for Otter Landing Sign. Home is on cul de sac.
  • Above Grade Finished Sq Ft: 1995.0
  • Architectural Style: Adirondack
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 2012
  • Financial Details School Taxes: 1311.23
  • Financial Details Village Taxes: 2373.44
  • Appliances Refrigerators: Yes
  • Special Features: None

Interior Features

  • Appliances: Gas Cooktop, Gas Oven, Gas Range, Refrigerator
  • Has Basement: Unfinished, Walk-Out Access
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Jetted Tub
  • Living Area: 1995.0
  • Window Features: Insulated Windows
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Oven: Yes
  • Appliances:Gas Range: Yes
  • Basement:Unfinished: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Jetted Tub: Yes

Exterior Features

  • Lot Features: Few Trees, Landscaped, Views, Wooded
  • View: Neighborhood, Trees/Woods
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Balcony
  • Patio And Porch Features: Enclosed, Porch
  • Roof: Asphalt
  • Lot Features:Few Trees: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Views: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Enclosed2: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Landscaped: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Deck
  • Parking Features:Deck: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, 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: 11761.2
  • Parcel #: 42.237-14-8.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4560.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2015
Closed on
Aug 14, 2015
Sold by
Doctor Jeffrey
Bought by
Otter House Llc
Seller's Agent
Ann Ertel
Four Seasons Sotheby's International Realty
Buyer's Agent
Ann Ertel
Four Seasons Sotheby's International Realty
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$1,183,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$683,218
Avg. Annual Appreciation
7.69%
Original Mortgage
$400,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 18, 2012
Closed on
Sep 13, 2012
Sold by
Moongate Ltd Partnership
Bought by
Doctor Jeffrey
Seller's Agent
Colleen Holmes
Engel & Volkers Lake Placid Real Estate
Buyer's Agent
Colleen Holmes
Engel & Volkers Lake Placid Real Estate
List Price
$447,650
Sold Price
$447,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$328,000
Interest Rate
3.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Otter House Llc $500,000 Jenifer R Briggs
Otter House Llc $500,000 Jenifer R Briggs
Doctor Jeffrey $410,000 --
Rabideau Corp $63,000 --
Doctor Jeffrey $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Otter House Llc $400,000
Previous Owner Doctor Jeffrey $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $500,000 -- --
08/12/2023 08/12/23 Off Market $447,650 -- --
08/14/2015 08/14/15 Sold $500,000 -4.8% $251 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $525,000 +17.3% $263 / Sq Ft
10/18/2012 10/18/12 Sold $447,650 0.0% $224 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
10/18/2012 10/18/12 For Sale $447,650 -- $224 / 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 $13,569 $1,053,700 $291,900 $761,800
2023 $13,126 $926,000 $280,700 $645,300
2022 $12,343 $797,200 $255,200 $542,000
2021 $8,266 $711,700 $224,000 $487,700
2020 $9,231 $525,200 $142,200 $383,000
2019 $8,998 $515,200 $142,200 $373,000
2018 $5,970 $515,200 $142,200 $373,000
2017 $5,404 $500,000 $125,000 $375,000
2016 $8,758 $500,000 $125,000 $375,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Ann Ertel

    Four Seasons Sotheby's International Realty

  • L

    Buyer Co-Listing Agent in 2015

    Linda O'Leary

    Adirondack Premier Properties Berkshire Hathaway HomeService

  • Colleen Holmes

    Seller's Agent in 2012

    Colleen Holmes

    Engel & Volkers Lake Placid Real Estate

    (518) 524-4759

    40 Total Sales

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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 153234

APN: 154001-042-237-0014-008-000-0000

New York Essex County Lake Placid 12946

59 Otter Way, Lake Placid, NY

This home is located at 59 Otter Way, Lake Placid, NY 12946 since 10 June 2015 and is currently estimated at $1,183,218, approximately $593 per square foot. This property was built in 2012. 59 Otter Way 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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