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18 Prescott Place, Saranac Lake, NY 12983

$131,580
Property Type: Residential Income Square Footage: 2,236 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $131,580 List Date: 3/16/2020 Last Modified: 8/31/2024

Description

Take advantage of the lowest interest rates in history and invest in income producing real estate! Historically known as the Williams Cottage or Morrison Cottage this Foursquare home comes complete with sunny enclosed cure porches and charming details. The upstairs unit has a newly renovated great room with a skylight which can be used as a master bedroom, playroom, office, studio or a combination. Driveway is shared. Parking for two cars, one in the garage. Nice sized dry basement with lots of storage room could be a workshop. Washer dryer is in unit one, downstairs. Tenants pay their own utilities. Could easily be converted to a single family home. As part of the Helen Hill National Register Historic District which doesn't restrict the owner from making changes to the property. However, qualifying upgrades are eligible for a tax credit up to 20%. Walking distance to downtown, Moody Pond and Lake Flower. Ten minutes to Place Placid, Two hours to Albany, Burlington and Montreal.

More Information MLS# 168981

Location, Tax, and Legal

Tax Annual Amount: 3790 Tax Assessed Value: 141300 APA: Hamlet Deed Date: 2008-10-17

Status Change Information

Status Change Timestamp: 2021-03-04 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2021-03-04T20:28:45Z Major Change Type: Status Change Under Contract Date: 2020-12-15 Close Date: 2021-03-04 Close Price: 131580

Appliances

Dishwasher: 1 Dryer: 1 Electric Oven: 1 Electric Range: 1 Oil Water Heater: 1 Refrigerator: 1 Washer: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 146 Volume: 988

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Exterior Features

Kennel: 1

Foundation Details

Concrete Perimeter: 1

Heating

Baseboard: 1 Electric: 1

Interior Features

Apartment: 1 High Speed Internet: 1

Laundry Features

Electric Dryer Hookup: 1 Gas Dryer Hookup: 1 Washer Hookup: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Few Trees: 1 Level: 1

Parking Features

Driveway: 1 Covered Spaces: 1

Patio And Porch Features

Porch: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1

Security Features

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Special Listing Conditions

Standard: 1

Structure Type

Up & Down: 1

Utilities

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

View

Mountain(s): 1 Neighborhood: 1

Window Features

Skylight(s): 1 Vinyl Clad Windows: 1

Tenant Pays

All Utilities: 1

Unit One

Unit #: 1 Actual Rent: 750 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 884

Unit Two

Unit #: 2 Actual Rent: 850 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 1352

Unit Three

Leased: No

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Contract Information

Current Price: $131,580 Original List Price: 159000 Sold Price: $131,580 Status: Closed Listing Contract Date: 2020-03-16 Property Sub Type: Duplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 18 Street Name: Prescott Street Suffix: Place County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 447.70-3-7 Zoning: Residential Directions: From Church Street go up Helen Hill. Turn left on Shepard Ave and left again on Prescott Pl. #18 on the left.

General Property Information

Number of Units: 7 Building Area Total: 2236 Year Built: 1910 Garage YN: 1 Garage Spaces: 1 Open Parking Spaces: 1 Lot Size Acres: 0.12

Unit Details

Number Of Units Leased: 2

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Oil Water Heater; Refrigerator; Washer Basement: Full; Unfinished Construction Materials: Wood Siding Cooling: None Documents Available: Deed; Lead Paint; Property Condition Electric: 200+ Amp Service Exemptions: No Exemptions Exterior Features: Kennel Foundation Details: Concrete Perimeter Heating: Baseboard; Electric Interior Features: Apartment; High Speed Internet Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Lot Features: Few Trees; Level Parking Features: Driveway Patio And Porch Features: Porch Road Surface Type: Paved Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Special Listing Conditions: Standard Structure Type: Up & Down Tenant Pays: All Utilities Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Mountain(s); Neighborhood Window Features: Skylight(s); Vinyl Clad Windows
Listing Courtesy of Four Seasons Sotheby's International Realty
IDX
Information deemed reliable but not guaranteed.