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7 Terrace Way, Lake Placid, NY 12946

$470,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,066 Lot Size (sq. ft.): 59,677 Status: Closed
Current Price: $470,000 List Date: 2/01/2024 Last Modified: 8/25/2024

Description

Enjoy this 2-bedroom, 2-bath cottage tucked away just outside the charming Village of Lake Placid, in the coveted Cobble Hill neighborhood. Offering both privacy and convenience, it's a true gem. As you enter the home, you'll be welcomed by vaulted ceilings, a wood-burning fireplace, and views of nature, creating a warm and inviting atmosphere. One of the standout features of this property is the screen porch, providing unmatched privacy and tranquility. Whether you seek a moment to relax or unwind, this screened sanctuary will quickly become your favorite retreat. The property is situated on 1.37 acres conveniently situated within walking distance to Mirror Lake Drive, Northwood School, and Main St. This location offers easy access to a host of amenities and activities. Further, the property borders the Cobble Hill walking trail system making it a great way to start or finish your day. This Offering is priced to sell at $495,000, 'AS IS'. There are NEW ROOFS on the cabin and garage. Shorts term rentals allowed here! A great asset to the property!

More Information MLS# 200091

Location, Tax, and Legal

Tax Annual Amount: 6952.41 Tax Assessed Value: 688600 Land Tax Annual Amount: 3166.32 Deed Date: 1995-02-27

General Property Information

Seasonal Property YN: No Main Level Bedrooms: 2 Main Level Bathrooms: 2 Below Grade Unfinished Area: 0 Enhanced Accessible: No Lease Term: None Horse YN: No Fireplace YN: Yes Bedrooms Total: 2 Bathrooms Total: 2 Bathrooms Full: 2 Above Grade Finished Area: 1066 Building Area Total: 1066 Living Area: 1066 Year Built: 1960 Garage YN: 1 Garage Spaces: 1 Open Parking YN: 1 Open Parking Spaces: 3 Parking Total: 4 Lot Size Acres: 1.37 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2024-03-21 Concessions: No Buyer Financing: Cash Major Change Timestamp: 2024-03-21T20:16:48Z Major Change Type: Status Change Price Change Timestamp: 2024-02-02T12:55:36Z Under Contract Date: 2024-02-14 Close Date: 2024-03-19 Close Price: 470000

Appliances

Dishwasher: 1 Electric Water Heater: 1 Free-Standing Electric Range: 1 Washer/Dryer Stacked: 1

Architectural Style

Bungalow: 1 Cabin: 1 Camp: 1 Ranch: 1

Basement

Block: 1 Crawl Space: 1 Exterior Entry: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 122 Volume: 1082

Documents Available

Deed: 1

Exemptions

No Exemptions: 1

Exterior Features

Rain Gutters: 1

Financial Details

School Taxes: 3786.09 School Taxes Description: Actual

Fireplace Features

Living Room: 1 Wood Burning: 1 Fireplaces Total: 1

Flooring

Carpet: 1 Linoleum: 1 Wood: 1

Foundation Details

Block: 1

Heating

Tank Location: None Baseboard: 1 Electric: 1 Fireplace(s): 1 Wood: 1

Interior Features

High Speed Internet: 1 Open Floorplan: 1

Laundry Features

Electric Dryer Hookup: 1 In Bathroom: 1 Washer Hookup: 1

Levels

One: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Many Trees: 1 Secluded: 1 Wooded: 1

Other Structures

Garage(s): 1

Parking Features

Outside: 1

Patio And Porch Features

Covered: 1 Deck: 1 Screened: 1 Side Porch: 1

Roof

Asphalt: 1

Sewer

Private Sewer: 1 Unknown: 1

Structure Type

Cabin: 1

Utilities

Electricity Connected: 1 Internet Available: 1 Internet Connected: 1 Water Available: 1 Separate Water Heater(s): 1

View

Trees/Woods: 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1

Showing Requirements

Call Listing Agent: 1 Key In Office: 1

Room Types

Bathroom 1: 1 Bathroom 1 Level: First Bathroom 2: 1 Bathroom 2 Level: First Bedroom 1: 1 Bedroom 1 Level: First Bedroom 2: 1 Bedroom 2 Level: First Kitchen: 1 Kitchen Level: First Living Room: 1 Living Room Level: First Other Room: 1 Other Room Level: First

Contract Information

Current Price: $470,000 Original List Price: 725000 Sold Price: $470,000 Status: Closed Listing Contract Date: 2023-07-26 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant

Location Tax and Legal

Street Number: 7 Street Name: Terrace Street Suffix: Way County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid School District: Lake Placid Parcel Number: 42.43-2-8.000 Zoning: Residential Directions: Take Northwood Rd. to Cobble Hill Rd. to Terrace Way, #7, first driveway on left.

Property Features

Appliances: Dishwasher; Electric Water Heater; Free-Standing Electric Range; Washer/Dryer Stacked Architectural Style: Bungalow; Cabin; Camp; Ranch Basement: Block; Crawl Space; Exterior Entry Construction Materials: Wood Siding Cooling: None Documents Available: Deed Exemptions: No Exemptions Exterior Features: Rain Gutters Fireplace Features: Living Room; Wood Burning Flooring: Carpet; Linoleum; Wood Foundation Details: Block Heating: Baseboard; Electric; Fireplace(s); Wood Interior Features: High Speed Internet; Open Floorplan Laundry Features: Electric Dryer Hookup; In Bathroom; Washer Hookup Levels: One Listing Terms: Cash; Conventional Lot Features: Many Trees; Secluded; Wooded Other Structures: Garage(s) Parking Features: Outside Patio And Porch Features: Covered; Deck; Screened; Side Porch Roof: Asphalt Sewer: Private Sewer; Unknown Structure Type: Cabin Utilities: Electricity Connected; Internet Available; Internet Connected; Water Available; Separate Water Heater(s) View: Trees/Woods Water Source: Public Window Features: Double Pane Windows Showing Requirements: Call Listing Agent; Key In Office Room Types: Bathroom 1; Bathroom 2; Bedroom 1; Bedroom 2; Kitchen; Living Room; Other Room

Room Information

Bedroom 1 Level: First Length: 11.50 Length: 11.50 Width: 10.50 Width: 10.50 Dimensions: 11.5 x 10.5 Bedroom 2 Level: First Length: 11.50 Length: 11.50 Width: 10.50 Width: 10.50 Remarks: There are 2 single beds in this bedroom Dimensions: 11.5 x 10.5 Kitchen Level: First Length: 12.50 Length: 12.50 Width: 11.00 Width: 11.00 Dimensions: 12.5 x 11 Living Room Level: First Length: 23.00 Length: 23.00 Width: 13.50 Width: 13.50 Remarks: Living, Dining Combined/Open Concept Dimensions: 23 x 13.5 Bathroom 1 Level: First Length: 8.00 Length: 8.00 Width: 7.50 Width: 7.50 Remarks: Stackable washer/dryer in closet Dimensions: 8 x 7.5 Bathroom 2 Level: First Length: 8.00 Length: 8.00 Width: 5.00 Width: 5.00 Remarks: Shower/ Tub combination Dimensions: 8 x 5 Other Room Level: First Length: 14.00 Length: 14.00 Width: 13.00 Width: 13.00 Remarks: Covered Screened in Side Porch Dimensions: 14 x 13 Other Room Level: First Length: 7.00 Length: 7.00 Width: 5.50 Width: 5.50 Remarks: Entranceway Dimensions: 7 x 5.5
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.