NOT LISTED FOR SALE

7 Terrace Way Lake Placid, NY 12946

2 Beds
2 Baths
1,066 Sq Ft
1.37 Acres

Last Sold March 19, 2024

Last sale price $470,000 $441 Per Sq Ft

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Secluded Lot
  • 1.37 Acre Lot
  • Deck
  • Wooded Lot

About This Home

As of March 2024

Enjoy this 2-bedroom, 2-bath cottage tucked away just outside the charming Village of Lake Placid, in the coveted Cobble Hill neighborhood. Offering both privacy and convenience, it's a true gem. As you enter the home, you'll be welcomed by vaulted ceilings, a wood-burning fireplace, and views of nature, creating a warm and inviting atmosphere. One of the standout features of this property is the screen porch, providing unmatched privacy and tranquility. Whether you seek a moment to relax or unwind, this screened sanctuary will quickly become your favorite retreat. The property is situated on 1.37 acres conveniently situated within walking distance to Mirror Lake Drive, Northwood School, and Main St. This location offers easy access to a host of amenities and activities. Further, the property borders the Cobble Hill walking trail system making it a great way to start or finish your day. This Offering is priced to sell at $495,000, 'AS IS'.
There are NEW ROOFS on the cabin and garage.
Shorts term rentals allowed here!
A great asset to the property!

Last Agent to Sell the Property

Zowie Lucas

Merrill L. Thomas, Inc. License #40LU1031411 Listed on: 02/01/2024

Last Buyer's Agent

Zowie Lucas

Merrill L. Thomas, Inc. License #40LU1031411 Listed on: 02/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,952

Year Built

  • Built in 1960

Lot Details

  • 1.37 Acre Lot
  • Secluded Lot
  • Wooded Lot
  • Many Trees

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Outside Parking

Home Design

  • Ranch Style House
  • Camp Architecture
  • Bungalow
  • Cabin
  • Wood Siding

Interior Spaces

  • 1,066 Sq Ft Home
  • Open Floorplan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room
  • Screened Porch
  • Views of Woods

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Bathroom
  • Stacked Washer and Dryer

Basement

  • Exterior Basement Entry
  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Deck
  • Rain Gutters

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42.43-2-8.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,952

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 1.37
  • Subdivision Name: None
  • Directions: Take Northwood Rd. to Cobble Hill Rd. to Terrace Way, #7, first driveway on left.
  • Above Grade Finished Sq Ft: 1066.0
  • Architectural Style: Bungalow, Cabin, Camp, Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Structure Type: Cabin
  • Year Built: 1960
  • Financial Details School Taxes: 3786.09
  • School Taxes Description: Actual
  • Room Types:Living Room2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Washer/Dryer Stacked
  • Has Basement: Block, Crawl Space, Exterior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Wood
  • Interior Amenities: High Speed Internet, Open Floorplan
  • Living Area: 1066.0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Lot Features: Many Trees, Secluded, Wooded
  • View: Trees/Woods
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Rain Gutters
  • Foundation Details: Block
  • Other Structures: Garage(s)
  • Patio And Porch Features: Covered, Deck, Screened, Side Porch
  • Roof: Asphalt
  • Lot Features:Wooded: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
  • Parking Features: Outside
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Electric Dryer Hookup, In Bathroom, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Fireplace(s), Wood
  • Heating Yn: Yes
  • Sewer: Private Sewer, Unknown
  • Utilities: Electricity Connected, Internet Available, Internet Connected, Water Available, Separate Water Heater(s)
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 59677.2
  • Parcel #: 42.43-2-8.000
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: None

Tax Info

  • Tax Annual Amount: 6952.41

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 Sold $470,000 -5.1% $441 / Sq Ft
02/02/2024 02/02/24 Price Changed $495,000 -16.8% $464 / Sq Ft
02/01/2024 02/01/24 For Sale $595,000 +26.6% $558 / Sq Ft
01/15/2024 01/15/24 Off Market $470,000 -- --
12/05/2023 12/05/23 Price Changed $595,000 -14.4% $558 / Sq Ft
07/26/2023 07/26/23 For Sale $695,000 -- $652 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
Source: Adirondack-Champlain Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zowie Lucas

    Seller's Agent in 2024

    Zowie Lucas

    Merrill L. Thomas, Inc.

    (518) 637-9010

    8 in this area

    15 Total Sales

    Section Image
  • Peter Whitbeck

    Buyer Co-Listing Agent in 2024

    Peter Whitbeck

    Coldwell Banker Whitbeck Assoc. Plattsburgh

    (518) 578-0165

    2 in this area

    67 Total Sales

    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 200091

APN: 154089 42.043-2-8.000

New York Essex County Lake Placid 12946

7 Terrace Way, Lake Placid, NY

This home is located at 7 Terrace Way, Lake Placid, NY 12946 since 01 February 2024. This property was built in 1960. 7 Terrace 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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