NOT LISTED FOR SALE
9 Beds
7 Baths
3,582 Sq Ft
0.28 Acres

Last Sold December 21, 2020

Last sale price $225,000 $63 Per Sq Ft

72 Days on Market

Highlights

  • Senior Community
  • No HOA
  • Baseboard Heating
  • Deck
  • Forced Air Heating System
  • Level Lot

About This Home

As of December 2020

Great investment opportunity to own a seven unit apartment building with many improvements and upgrades! There is much potential to either live on the property in separate owner's quarters, or rent all seven units. The property is in an ideal location, within walking distance to the town of Schroon Lake, with public beach and boat launch. The building has a great rental history with very affordable rents. Good Condition

Last Agent to Sell the Property

Deirdre Schrader

Northern Homes Realty, Inc. License #31SC0876772 Listed on: 08/14/2020

Last Buyer's Agent

Barbara Kearney

Hunt ERA License #10301222510

Hunt ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,490

Year Built

  • Built in 1940

Lot Details

  • 0.28 Acre Lot
  • Property fronts a private road
  • Level Lot
  • Cleared Lot

Home Design

  • 3,582 Sq Ft Home
  • Pillar, Post or Pier Foundation
  • Asphalt

Flooring

  • Carpet
  • Linoleum

Parking

  • 8 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Schroon Lake Central Elementary School
  • Schroon Lake Central High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Electric Baseboard Heater
  • Septic Tank

Community Details

  • Senior Community
  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Tenant pays for heat, hot water, cable TV, electricity, gas
  • The owner pays for trash collection, parking fee, snow removal, water, grounds care
  • Legal Lot and Block 17 / 10
  • Assessor Parcel Number 154600 146.20-10-17
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,490

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1940
  • Directions: From Schroon Lake village, drive south on Route 9 approximately one mile. Property is on the right. See sign for Cedar Crest Apartments.
  • Above Grade Finished Sq Ft: 3582.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details Full Market Assessment: 148800
  • Financial Details General Taxes: 1254.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 1236.0
  • School Taxes Description: Actual
  • Financial Details Tax Assessed Value: 148800.0
  • Lot Size Acres: 0.28
  • Lot Size: .28
  • Parking Features Parking Total: 8.0
  • Possession Possession Legacy: At Closing
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number of Separate Water Meters: 1
  • Water Sewer Expense Description: Actual
  • Number of Refrigerators: 7
  • Unit Information Number Of Stoves: 7
  • Flooring:Carpet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum
  • Basement: Pillar/Post/Pier
  • Living Area: 3582.0
  • Owner Pays: Trash Collection, Parking Fee, Snow Removal, Water, Grounds Care
  • Attic Features:None16: Yes
  • Basement:PillarPostPier: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 3 Owner Furnish Features:Maintenance Grounds4: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 7 Owner Furnish Features:Maintenance Grounds7: Yes
  • Unit 7 Owner Furnish Features:Snow Removal9: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Trash7: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 7 Owner Furnish Features:Hot Water9: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Other, See Remarks
  • Patio And Porch Features: Deck
  • Waterfront: No
  • Patio And Porch Features:Deck: Yes
  • Construction Materials:Other38: Yes
  • Lot Features:Level: Yes
  • Lot Features:Road Frontage: Yes
  • Lot Features:Cleared: Yes

Garage/Parking

  • Parking Features: Off Street, Stone, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • Parking Features:Off Street: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Stone2: Yes
  • Unit 1 Owner Furnish Features:Parking2: Yes
  • Unit 2 Owner Furnish Features:Parking3: Yes
  • Owner Pays:Parking Fee2: Yes
  • Unit 3 Owner Furnish Features:Parking4: Yes
  • Unit 4 Owner Furnish Features:Parking5: Yes
  • Unit 5 Owner Furnish Features:Parking6: Yes
  • Unit 6 Owner Furnish Features:Parking9: Yes
  • Unit 7 Owner Furnish Features:Parking7: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Baseboard, Electric, Forced Air
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Schroon Lake

Lot Info

  • Lot Features: Level, Road Frontage, Cleared
  • Parcel #: 154600 146.20-10-17
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Hot Water, Cable TV, Electricity, Gas

Tax Info

  • Tax Annual Amount: 2490.0
  • Tax Block: 10
  • Tax Lot: 17
  • Tax Tract: 146.20

Multi Family

  • Number Of Units Total: 7

MLS Schools

  • Elementary School: Schroon Lake Central
  • HighSchool: Schroon Lake Central

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
12/21/2020 12/21/20 Sold $225,000 -9.6% $63 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $249,000 +56.6% $70 / Sq Ft
10/24/2012 10/24/12 Sold $159,000 -11.4% $45 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
10/15/2010 10/15/10 For Sale $179,500 -- $51 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202025340

Global MLS