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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
38
Photos
5
beds
3
baths
3,290
sqft
Built in
2006
Welcome to this charming property in the highly sought-after Otter Landing development on the Chubb River in Lake Placid. This spacious raised ranch boasts nearly 3300 square feet of living space. This house features 5 bedrooms, 2.5 bathrooms, and 2 full kitchens and is perfect for hosting gatherings or accommodating extended family. Recent upgrades include recently remodeled bathrooms and new flooring throughout. The handicap-accessible basement is equipped with a full second kitchen, spacious living room, a half-bath that can convert to a full bath, and a private entrance, making it ideal for conversion into a self-contained apartment for guests or rental income. Outside, enjoy two spacious yards surrounded by mature hardwoods and views of the Chubb River off the back deck. Perfect for entertaining, the property features a 14x14 fenced-in patio with a fire pit, an 8-person hot tub nestled within a privacy fence, and a custom-built 10x8 shed/dog house. The front yard presents an opportunity with two separate lot lines, allowing for the potential construction of unattached garage(s) that could provide long-term apartment rental income. Don't miss your opportunity to own this exceptional property, offering a blend of comfort, convenience, and income potential.
Features & Amenities
Interior
- General:
- Bar, Storage
- Appliances:
- Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer
- Basement:
- Block, Exterior Entry, Finished, Walk-Out Access
- Flooring:
- Carpet, Laminate, Vinyl, Wood
- Heating:
- true, Baseboard, Oil
Exterior
- General:
- Courtyard, Fire Pit, Private Entrance, Private Yard
- Style:
- Ranch
Construction
- General:
- Brick Veneer, Vinyl Siding, Block
Location
- Originating MLS:
- Adirondack-Champlain Valley MLS
- School District:
- Lake Placid
- County:
- Essex
Lot
- Zoning:
- 42.221-1-15.111
- View:
- River
- Fencing:
- Wood
Utilities
- Utilities:
- 200+ Amp Service
Financial
- Source:
- Adirondack-Champlain Valley MLS
- Buyers Agent Compensation:
- 2.50 %
This listing courtesy of:
Merrill L. Thomas, Inc., Kelsey Cassidy
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Lake Placid, NY
Housing
- Number of Units
- 4,301
- Median Home Value
- $347,417
- Median Rent
- $767
35.54% of housing units are renter occupied.
38.40% are vacant.
Commute
- Car
-
66.86%
- Public Transportation
-
2.40%
- Walk to Work
-
7.62%
- Work from Home
-
21.10%
- Other
-
0.33%
The median travel time to work is 13 minutes.
People
- Population
- 5,914
- Median Age
- 38.00
- Median Household Size
- 2.72
Education
- High School
-
24.83%
- Associate’s Degree
-
9.05%
- Bachelor’s Degree
-
21.53%
- Graduate Degree
-
15.67%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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