LAKE ACCESS COTTAGE"OSEETAH BLISS: PRICE REDUCED AGAIN!"

We are selling our cottage because we plan to construct another slightly larger home on a contiguous lot. We know better than to leave Oseetah Park itself--No way, life is just too good here!

Neighborhood:

The unique Oseetah Park subdivision is accessed via a private road of appx one mile through NYS lands. This arrangement allows for spectacular neighborhood mountain views over protected bog lands. Lots in the subdivision average one acre in size with protected no-cut wooded areas. …We have protective covenants as well as a common boat launch, parking, swimming and picnic area; all with panoramic lake and mountain views.

Oseetah Lake connects to Kiwassa, Upper & Lower Saranac Lakes as well as Weller Pond. There are over 80 campsites on the Saranac Lakes. The boating and fishing is unbelievable!

The Adirondack Rail Trail can be accessed DIRECTLY from any lot without traversing public roads. Major emergency medical services are available 5.7 miles distant at Adirondack Medical Center in Saranac lake. The site is located appx 5 miles from Main Street in Saranac Lake and 7 miles to the center of Lake Placid.

Lot Description:

Lot #31 is a ridge lot with seasonal sliver mountain,bog and lake views. The cottage is situated near the rear boundary with a long setback from the road and borders a large rural property to the north. The driveway (which runs between lots 30 & 31) is a shared deeded ROW.


Site improvements:

Water source (1,020' drilled well on Lot 32 TO BE SHARED VIA filed shared-well agreement).
Power (National grid) easement to be granted over adjacent Lot #32.
Septic System (1,000 gallon)
Gravel driveway and parking area
Crushed stone patio
Small Zen garden and over one dozen 1-4 year old Norway Spruce plantings

Cottage Construction Details:
1,116 sf, 3 yrs old, gable hip roof ranch on slab with 3' overhangs (Japanese style)


(Exterior)
Pine Nickle Gap Siding
Metal Roof
Lincoln Alum Windows with front 10' span patio doors w/sidelights
Pine Craftsman Style Window Trim
Screen Porch

(Interior)
Layout: 2 brm/1.5 bath with open concept (LR, KIT, Dining)
Custom Craftsman solid cherry kitchen cabinets w/ mosaic tile counters, large island, & pantry
LG appliances (gas stove, refrigerator, dishwasher, stacked washer/dryer)
Ceramic tile floors through out
Douglas Fir cherry stained Craftsman style window, floor & door trim
Three pocket doors
Tiled countertop, birch maple-stained bath vanities
Tiled wall, shower & tub surround in main bth (subway & pebble tile)
Kichler sconces and vanity lighting
Utility rm (exterior entry)
Formaldehyde-free fiberglass insulation through-out, non-toxic stain on all wood surfaces


Utilities:

Gas Fueled Radiant floor heating
200 Amp Electric
On-demand Navien Combi-Boiler (heat and DHW needs)
On-demand 10,000 watt Generac Generator
1,000 gallon propane gas tank
Star-link satellite Wi-fi
Verizon cell capable

Annual Expenses:

Homeowners Assoc fee for road maintenance: $800
Total Taxes: appx $6,202 (last year)
Gas Heat/DHW/Stove: $1,836 (last year)
Electric: $782 (last year)

Asking Price and Terms:

$515,000 Cash

Should a Buyer seek Lender financing, Lender must agree to a Mortgage Pre-approval letter (not to be confused with a Lender Commitment Letter) which contains the following clauses:

1- Lender's in-house Attorney has reviewed and approved the shared well agreement provided and attached. Said agreement has also been pre-approved by the legal counsel of Seller and Buyer.

2- Regarding Appraisal Process: In the absence of local comparable sales-- also possessing shared wells-- Lender will allow an appraiser to rely on a grid adjustment derived via other means. Mandating that an appraiser must develop one or more local comparable sales with shared wells is not acceptable as this may be an impossibility.

*Please note, in addition to the 6 gpm flow rate (airlift test at base) this deep rock well also has a reservoir of 630 gallons capacity. Combined with the flow rate, we can easily meet HUD's own stringent shared well standards for 3 existing dwelling units. The proposed well agreement has a substantial "Buyer Protection Clause". Email for details*


Permitted Contingencies: Standard structural, pest, septic certification & water quality testing

(More information about the well details available upon request)

Co-Owner is a Retired NYS licensed Broker
Buyer-Broker Agent requests considered for Cash Buyers Only

SHOW FULL DESCRIPTION

Listed with Adirondack "By Owner" since 2024.

Owner's Other Listings

Vacation Rentals

Listing ID VR12914