245 Station Street, Lake Placid, NY 12946 (MLS# 203134)

Description

This 1,800 sq. ft. well-built, multi-unit home offers exceptional potential in a sought-after Lake Placid location. Featuring 3 bedrooms and 3.5 baths, the property is currently configured as two separate apartments but can easily be converted back to a 3-unit building. With three separate 200-amp electrical panels and individual electric water heaters, this fixer-upper provides flexibility for future updates or expansion. Another exciting option is the potential to host short-term rentals. Perfectly positioned near the new Adirondack Rail Trail, Jewtraw Park, and the Chubb River, outdoor recreation is at your doorstep. Plus, several popular restaurants are just a short walk away, adding to the appeal of this income-generating property. A fantastic opportunity to create a high-performing investment property in Lake Placid's strong rental market!

Location, Tax, and Legal

Tax Annual Amount: 1127.14 Tax Assessed Value: 265300 Land Tax Annual Amount: 454.62 APA: Hamlet Deed Date: 1988-03-24

General Property Information

Number Of Buildings: 1 Enhanced Accessible: No Stories Total: 2 Number of Units: 3 Building Area Total: 1800 Year Built: 1930 Open Parking YN: 1 Open Parking Spaces: 2 Lot Size Acres: 0.1 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2024-12-27 Buyer Financing: Conventional Major Change Timestamp: 2024-12-28T00:02:21Z Major Change Type: Status Change Under Contract Date: 2024-10-29 Close Date: 2024-12-27 Close Price: 313500

Appliances

Dishwasher: 1 Dryer: 1 Electric Oven: 1 Electric Range: 1 Washer: 1

Architectural Style

Old Style: 1

Basement

Concrete: 1 Crawl Space: 1 No Inside Entry: 1

Common Walls

1 Common Wall: 1

Construction Materials

Vinyl Siding: 1

Cooling

Ceiling Fan(s): 1

Deed Details

Instrument: Deed Page: 13 Volume: 908

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exemptions

Enhanced STAR: 1 Senior Citizens: 1 Veterans: 1

Exterior Features

Courtyard: 1 Private Entrance: 1 Uncovered Courtyard: 1

Flooring

Carpet: 1 Linoleum: 1

Foundation Details

Poured: 1 Stone: 1

Green Energy Efficient

Thermostat: 1

Heating

Baseboard: 1 Electric: 1

Interior Features

Apartment: 1 Ceiling Fan(s): 1

Laundry Features

Common Area: 1 Main Level: 1 Outside: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional 203(k): 1

Lot Features

Many Trees: 1 Rectangular Lot: 1

Patio And Porch Features

Front Porch: 1

Property Condition

Fixer: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Structure Type

Up & Down: 1

Utilities

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

Water Source

Public: 1

Contract Information

Current Price: $313,500 Original List Price: 375000 Sold Price: $313,500 Status: Closed Listing Contract Date: 2024-09-27 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 245 Street Name: Station Street Suffix: Street County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.238-1-6.000 Zoning: Mixed Directions: From Old Military Road, turn onto Station Street. 245 Station will be on your left just before Hulberts and directly across from the old Train Station.

Meter Information

Number Of Separate Electric Meters: 3

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Washer Architectural Style: Old Style Basement: Concrete; Crawl Space; No Inside Entry Common Walls: 1 Common Wall Construction Materials: Vinyl Siding Cooling: Ceiling Fan(s) Documents Available: Deed; Lead Paint; Property Condition Electric: 200+ Amp Service Exemptions: Enhanced STAR; Senior Citizens; Veterans Exterior Features: Courtyard; Private Entrance; Uncovered Courtyard Flooring: Carpet; Linoleum Foundation Details: Poured; Stone Green Energy Efficient: Thermostat Heating: Baseboard; Electric Interior Features: Apartment; Ceiling Fan(s) Laundry Features: Common Area; Main Level; Outside Levels: Two Listing Terms: Cash; Conventional 203(k) Lot Features: Many Trees; Rectangular Lot Patio And Porch Features: Front Porch Property Condition: Fixer Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Structure Type: Up & Down Utilities: Cable Available; Electricity Connected; Internet Available; Sewer Connected; Water Connected Water Source: Public