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Essex 12946
5184 Cascade Road
$210,000
● Land - Off Market

5184 Cascade Road

North Elba, NY 12946
bedrooms
Studio
bathrooms
0 Bath
$1,386
Est. Monthly
6.11%
Cap Rate

About This Property

Here is your opportunity to build in Lake Placid and capitalize on these incredible mountain views while being 5min from Lake Placid Village.  APA approvals, approved plans, survey and permits in place! Lake Placid is a world renounced tourist destination and this location is close to everything it has to offer including being 7min from The Lake Placid Olympic Center that just received $104 million renovation!
Unit Size
-
Days on Market
198 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$330
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Global MLS #202316539)

Price History

Date / Event Date Event Price
Mar 18, 2024 Sold
Premium
Sold
Nov 22, 2023 In contract -
In contract
Sep 25, 2023 Price Decreased $215,000
↓ $10K (4.4%)
Price Decreased
Aug 27, 2023 Relisted $225,000
Relisted
Jul 3, 2023 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 2
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,200
  • Gross Building Area: 4,200
  • Building Area: 4,200
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: I
  • Land Acres: 0000001000
  • Standard Land Use Code: 5003
  • County Land Use Code: 449
  • Legal Description 1: 102 & 103 TWP 12 OMT TS

Neighborhood

  • School District Name: Lake Placid Central School District
  • School Tax School District: LAKE PLACID
  • Census Tract: 960501

Zoning

  • Zoning: 07 - MIXED

Geography

  • Account Number: 675J118210
  • District: 154089
  • Section: 51.02
  • Parcel: 154089 51.2-2-28.000
  • Block: 2
  • Lot: 28.000
  • Municipality: NORTH ELBA (TOV)
  • Latitude: 44.2449
  • Longitude: -73.9578

    Address

  • Full Address: 5184 Cascade Rd
  • Address - House Number: 5184
  • Address - Street Name: Cascade
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Lake Placid
  • Zip Code: 12946

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $236,001
  • Tax Rate Code Area: 154002

    Market Valuation

  • Market Total Value: $249,100
  • Market Land Value: $239,000
  • Market Improvement Value: $10,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,100
  • Assessed Land Value: $239,000
  • Assessed Improvements Value: $10,100

    Sales

  • Current Sale Contract Date: Mar 12, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2024-891
  • Previous Sale Recording Date: May 06, 2022
  • Previous Sale Contract Date: Apr 28, 2022
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Essex

Stats & Trends

Median Asking:

$232,450

Sale Price/ft²

$156

Below Asking

0.05%

Average Days on Market

91

Average Home Size

1761 ft²

Average Home Age

72.8 years

Currently For Sale

112 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Global MLS

Listed by: Jamie Sittner
Oxford Property Group USA
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202316539
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5184 Cascade Road built and last sold?
The property at 5184 Cascade Road was built in 1940 and last sold on Mar 12, 2024 for $210,000.
How much is this home worth?
The estimated value of the home located at 5184 Cascade Road is $217,150.
What are some comparable homes to 5184 Cascade Road?
There are currently no comparable homes to 5184 Cascade Road.
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