Adirondack Real Estate

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4 Balsam Street, Lake Placid, NY 12946

$305,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,872 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $305,000 List Date: 4/11/2025 Last Modified: 4/22/2025

Description

This charming 3-bedroom, 1-bathroom ranch home in Lake Placid offers incredible potential in a welcoming neighborhood. Step inside to a spacious living room featuring a cozy wood-burning fireplace—perfect for Adirondack winters. The home sits on a beautiful lot with plenty of yard space, ideal for gardening or outdoor gatherings. A newly built carport provides covered parking, and the durable, low-maintenance metal roof ensures long-term reliability. Plus, a large unfinished basement offers great storage or future expansion opportunities. While the home does need a new furnace, the sellers are leaving this choice to the new owners, allowing flexibility to convert to electric or another heating system. This property includes two parcels, with an additional 0.2-acre vacant lot that enhances privacy or offers potential for future development. Conveniently located within walking distance to Lake Placid Elementary School, the Olympic Training Center, and Adirondack Health, this home is ideal for families, athletes, or professionals looking to be in the heart of it all. Don't miss this chance to own a home in one of the Adirondacks' most desirable locations—just a little updating will make it shine!

More Information MLS# 203921

Location, Tax, and Legal

Tax Annual Amount: 3162.44 Tax Assessed Value: 373300 Land Tax Annual Amount: 1609.94 Deed Date: 1966-08-15

General Property Information

Seasonal Property YN: No Main Level Bedrooms: 3 Main Level Bathrooms: 1 Below Grade Unfinished Area: 936 Lease Term: None Stories Total: 1 Fireplace YN: Yes Bedrooms Total: 3 Bathrooms Total: 1 Bathrooms Full: 1 Above Grade Finished Area: 936 Building Area Total: 1872 Living Area: 936 Year Built: 1961 Carport YN: 1 Carport Spaces: 1 Lot Size Acres: 0.4

Status Change Information

Status Change Timestamp: 2025-04-22 Concessions: No Buyer Financing: Cash Major Change Timestamp: 2025-04-22T12:51:56Z Major Change Type: Status Change Price Change Timestamp: 2025-03-10T18:46:35Z Under Contract Date: 2025-03-19 Close Date: 2025-04-21 Close Price: 305000

Appliances

Electric Cooktop: 1 Free-Standing Electric Range: 1

Architectural Style

Ranch: 1

Basement

Block: 1 Partially Finished: 1

Deed Details

Instrument: Deed

Documents Available

Deed: 1 Property Condition: 1

Electric

100 Amp Service: 1

Fireplace Features

Living Room: 1 Fireplaces Total: 1

Flooring

Carpet: 1

Foundation Details

Block: 1

Heating

Tank Location: Basement Oil: 1

Levels

One: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Utilities

Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Neighborhood: 1

Water Source

Public: 1

Contract Information

Current Price: $305,000 Original List Price: 355000 Sold Price: $305,000 Status: Closed Listing Contract Date: 2025-02-18 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant

Location Tax and Legal

Street Number: 4 Street Name: Balsam Street Suffix: Street County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: Lake Placid School District: Lake Placid Parcel Number: 42.73-2-13.000 Directions: Headed south on Old Military turn left onto Balsam street. House is immediately on the right. On the corner of Balsam and Old Military.

Property Features

Appliances: Electric Cooktop; Free-Standing Electric Range Architectural Style: Ranch Basement: Block; Partially Finished Documents Available: Deed; Property Condition Electric: 100 Amp Service Fireplace Features: Living Room Flooring: Carpet Foundation Details: Block Heating: Oil Levels: One Roof: Metal Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected View: Neighborhood Water Source: Public

Documents

Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.