123 S Shore Road, Old Forge, NY 13420 (MLS# 161502)

Description

Live in a beautiful home while managing this turn key, lakefront cabin and motel business located just blocks away from the restaurants and shops in the village of Old Forge. This successful business has been managed with the utmost care. There are 14 rooms, 9 of which have lake view balconies, and 3 year round cabins. One cabin has 2 bedrooms and 2 have fireplaces. The home can be utilized as 2 separate apartments or a 4 bedroom house. Most of the units have been completely renovated and include hand-made log furniture and new beds. This property is rated #1 on Tripadvisor; Guest's love the beautiful views, private beach, great location, decor and the spotless accommodations.

Location, Tax, and Legal

Tax Annual Amount: 8991.81 Land Tax Annual Amount: 7039.73 APA: Hamlet Deed Date: 2008-12-15

General Property Information

Tax Assessed Value: 627000 Lot Size Dimensions: 152 x 244 Building Area Total: 8354 Year Built: 1920 Lot Size Acres: 0.68 Waterfront YN: 1 Water Body Name: Old Forge Pond Chann

Status Change Information

Status Change Timestamp: 2020-07-30 Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2020-07-30T13:10:12Z Major Change Type: Status Change Under Contract Date: 2020-06-20 Close Date: 2020-07-30 Close Price: 1090000

Appliances

Water Heater: 1

Basement

Exterior Entry: 1 Full: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: Deed Page: 759 Volume: 1298

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 1952.08 Village Taxes: 0

Frontage Type

Frontage Length: 152

Heating

Tank Location: 1 Hot Water: 1 Propane: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

Off Street: 1

Road Frontage Type

Public: 1

Roof

Composition: 1 Metal: 1

Special Listing Conditions

Standard: 1

Utilities

Cable Available: 1 Internet Available: 1 Sewer Connected: 1 Water Connected: 1

View

Commercial: 1 Lake: 1 Water: 1

Income and Expenses

Lawn Care/Snow Removal Expense: 0 Insurance Expense: 28324 Other Expense: 17009

Tenant Pays

None: 1

Building Features

Kitchen: 1

Included

Equipment: 1 Furniture: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $1,090,000 Original List Price: 1395000 Sold Price: $1,090,000 Status: Closed Listing Contract Date: 2017-12-14 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 123 Street Direction Prefix: S Street Name: Shore Street Suffix: Road County: Herkimer State: NY Postal Code: 13420 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Webb School District: Town of Webb UFSD Parcel Number: 041.51-3-43 Zoning: Commercial Directions: From Route 28 in the village of Old Forge turn south on Crosby Boulevard. Turn left on Park Ave, then right on South Shore Road. Look for Pine Knoll Lodge and Cabins on the left.

Property Features

Appliances: Water Heater Basement: Exterior Entry; Full Building Features: Kitchen Construction Materials: Frame; Wood Siding Cooling: Wall Unit(s) Electric: 200+ Amp Service Heating: Hot Water; Propane Included: Equipment; Furniture Listing Terms: Cash; Conventional Parking Features: Off Street Road Frontage Type: Public Roof: Composition; Metal Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Lake; Water Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

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