NOT LISTED FOR SALE

Rainbow Lake, NY 12976

Estimated Value: $400,000 - $683,000

2 Beds
2 Baths
1,110 Sq Ft
$505/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $480,000 $432 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,703/month

Highlights

  • Lake Front
  • View of Trees or Woods
  • Wood Burning Stove
  • Docks
  • Adirondack Architecture
  • Wooded Lot

About This Home

As of September 2022

Canoers Paradise. Nestled in the trees on the shore of Rainbow Lake. Finished Walk-out basement with family room, full bath and library/study. On shore covered canoe and kayak storage. Sale also includes 0.91 vacant lot across the street with deeded beach and boat launch. Parcel# 366.4-2-3

Last Agent to Sell the Property

Christopher Covert

Guide Boat Realty, LLC License #49CO0907540 Listed on: 06/17/2022

Last Buyer's Agent

Christopher Covert

Guide Boat Realty, LLC License #49CO0907540 Listed on: 06/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1970

Lot Details

  • 0.5 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 1 Car Garage
  • Parking Deck

Home Design

  • Adirondack Architecture
  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 1,110 Sq Ft Home
  • Wood Burning Stove
  • Free Standing Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Screened Porch
  • Views of Woods

Kitchen

  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Docks

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Garondah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 366.4-1-4

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,738

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Lot Size: 0.5 acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Water Body Name: Rainbow Lake
  • Subdivision Name: Garondah
  • Directions: Rainbow lake Rd. to Garondah rd. stay to the right 58 will be on your right
  • Above Grade Finished Sq Ft: 1110.0
  • Architectural Style: Adirondack, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built: 1970
  • Financial Details School Taxes: 1869.71
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Free Standing, Wood Burning Stove
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Primary Downstairs
  • Living Area: 1110.0
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Range: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Wood Burning Stove: Yes
  • Fireplace Features:Free Standing: Yes

Exterior Features

  • Lot Features: Rolling Slope, Wooded
  • View: Trees/Woods
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Dock
  • Patio And Porch Features: Porch, Screened
  • Roof: Asphalt
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Waterfront Features:Lake2: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Deck
  • Parking Features:Deck: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Free Standing Stove, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, Internet Available
  • Water Source: Well
  • Heating:Free Standing Stove: Yes
  • Heating:Oil: Yes
  • Heating:Hot Water2: 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: Saranac Lake

Lot Info

  • Lot Size Sq Ft: 21780.0
  • Parcel #: 366.4-1-4
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3738.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Sep 29, 2022
Sold by
Voutsis Egan Ft and Voutsis
Bought by
Lauver Sherri C and Biglan Kevin M
Seller's Agent
Christopher Covert
Guide Boat Realty, LLC
Buyer's Agent
Christopher Covert
Guide Boat Realty, LLC
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Current Estimated Value
$591,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,978
Avg. Annual Appreciation
4.67%
Original Mortgage
$384,000
Outstanding Balance
$366,224
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$180,660

Purchase Details

Listed on
Jun 17, 2022
Closed on
Sep 20, 2022
Sold by
Voutsis Egan Family Trust
Bought by
Lauver Sherri C and Lauver Kevin M
Seller's Agent
Christopher Covert
Guide Boat Realty, LLC
Buyer's Agent
Christopher Covert
Guide Boat Realty, LLC
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Outstanding Balance
$366,224
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$180,660

Purchase Details

Closed on
Oct 26, 2015
Sold by
Voutsis Mariam and Egan Patrick J
Bought by
Egan Voutsis Fam Ust Tr

Purchase Details

Closed on
May 7, 2014
Sold by
Voutsis Mariam
Bought by
The Voutsis Egan Family Trust

Purchase Details

Closed on
Mar 3, 2000
Sold by
Fletcher William A
Bought by
Voutsis Mariam
Source: Public Records

Range of Values:

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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
Lauver Sherri C $480,000 None Available
Lauver Sherri C $480,000 --
Egan Voutsis Fam Ust Tr -- --
The Voutsis Egan Family Trust -- Mathew P. Duprey
Voutsis Mariam $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lauver Sherri C $384,000
Closed Lauver Sherri C $384,000
Previous Owner Voutsis Mariam $4,598
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Off Market $480,000 -- --
09/30/2022 09/30/22 Sold $480,000 -3.8% $432 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $499,000 -- $450 / 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 $5,549 $475,800 $313,200 $162,600
2023 $4,441 $182,600 $121,500 $61,100
2022 $4,385 $182,600 $121,500 $61,100
2021 $4,004 $182,600 $121,500 $61,100
2020 $3,795 $182,600 $121,500 $61,100
2019 $1,864 $182,600 $121,500 $61,100
2018 $3,390 $175,000 $121,500 $53,500
2017 $3,333 $175,000 $121,500 $53,500
2016 $3,385 $175,000 $121,500 $53,500
2015 -- $175,000 $121,500 $53,500
2014 -- $175,000 $121,500 $53,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Christopher Covert

    Guide Boat Realty, LLC

    (518) 524-4233

    23 Total Sales

    Section Image
  • Susanne Watkins

    Buyer Co-Listing Agent in 2022

    Susanne Watkins

    Merrill L. Thomas, Inc.

    (505) 310-7477

    4 Total Sales

    Section Image
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Source: Adirondack-Champlain Valley MLS

MLS Number: 176522

APN: 163000-366-004-0001-004-000-0000

New York

Franklin County

This home since 17 June 2022 and is currently estimated at $560,941, approximately $505 per square foot. This property was built in 1970. This home is a home located in Franklin County with nearby schools including Saranac Lake Senior High School.

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