Last Sold Price
11 beds4,800 sqft$43/sqft
1081 Springfield Rd, Wilmington, NY 12997

Description

This is an excellent investment opportunity to purchase this five unit apartment home and to increase rents to current market rents for an annual in excess of $40,000 There is a large backyard, level with woods on the perimeter, very private, and many of the units have decks. There are two separate areas for ample parking of over 8 cars. Tenants pay their own utilities, and all apartments are on a month to month lease. The seller has allowed below market rents for the tenants that have remained for...This is an excellent investment opportunity to purchase this five unit apartment home and to increase rents to current market rents for an annual in excess of $40,000 There is a large backyard, level with woods on the perimeter, very private, and many of the units have decks. There are two separate areas for ample parking of over 8 cars. Tenants pay their own utilities, and all apartments are on a month to month lease. The seller has allowed below market rents for the tenants that have remained for many years which can be increased with a months notice. Outdoor storage shed for lawn equipment.
LISTING CLOSED: 11/18/2020 12:00 AM

  1. Listed by Karina Lombart • Adirondack Premier Properties Berkshire Hathaway HomeService
    P: (518) 524-2030 C: (518) 524-2030 karina@adkpp.com

Property Details for 1081 Springfield Road

Status
MLS #
159027
Days on Market
1257
Taxes
$4,982 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1991
Lot Size
1.70 AC / 74,052 SF
View
Neighborhood, Trees/Woods
Has View
Yes
Has Waterfront
No
Zoning
Residential

Location

Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService

Sold By B.A. Straight Real Estate

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Building Information for 1081 Springfield Road

Stories-Year Built1991Building Size-Lot Size1.70 AC / 74,052 SF

Payment Calculator

$1,457 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,042

Property Taxes

$415

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1081 Springfield Road

Summary
Location and General Information
  • Directions: Springfield Road # 1081
  • Latitude: 44.38344335
  • Longitude: -73.81919126
  • MLS Area Major: Jay, Wilmington
  • MLS Area Minor: Jay, Wilmington
  • Senior Community: No
  • Township: Wilmington
Taxes and HOA
  • Parcel Number: 26.6-5-42.000
  • Tax Annual Amount: $4,982.00
  • Tax Assessed Value: 292200
School Information
  • High School District: Lake Placid
Parking
  • Open Parking Spaces: 8.0
  • Parking Features: Deck, Driveway, No Garage
Property
Lot Information
  • Lot Features: Wooded, Few Trees, Level, Many Trees
  • Lot Size Acres: 1.7
  • Lot Size Area: 1.7
  • Lot Size Units: Acres
  • Lot Size Dimensions: 1.70
  • Lot Size Square Feet: 74052.0
Property and Assessments
  • Building Area Total: 4800.0
  • Property Type: Residential Income
  • Year Built: 1991
Building Features
  • Other Structures: Shed(s), Barn(s), Outbuilding
  • Construction Materials: Wood Siding
  • Roof: Composition
Utilities
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting, Storage
Interior Features
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Unfinished
  • Has Basement: Yes
  • Has Cooling: No
  • Has Fireplace: Yes
  • Heating: Baseboard, Electric, Hot Water, Oil, Wood Stove
  • Has Heating: Yes
  • Interior Features: High Speed Internet
  • Water Heater: Electric
  • Window Features: Insulated Windows, Wood Frames
Multi Family
Multi Family Information
  • Number Of Units Leased: 5

Property History for 1081 Springfield Road

DateEvent & SourcePriceAppreciation
Nov 18, 2020

Sold

Adirondack-Champlain Valley MLS #159027

$205,000
Sep 22, 2020

Pending

Adirondack-Champlain Valley MLS #159027

Apr 14, 2017

Listed (Active)

Adirondack-Champlain Valley MLS #159027

$285,000
DateEvent & SourcePrice
11/18/2020

Sold

Adirondack-Champlain Valley MLS #159027

$205,000
09/22/2020

Pending

Adirondack-Champlain Valley MLS #159027

04/14/2017

Listed (Active)

Adirondack-Champlain Valley MLS #159027

$285,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1081 Springfield Road

This home is within Lake Placid Central School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Private - K to 11
Rating
School
Distance
Lake Placid Elementary School
PublicK to 5

Lake Placid Junior Senior High School
Public6 to 12

Adirondack Christian School
PrivateK to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1081 Springfield Road, Wilmington, NY 12997
$205,000
11
4,800
74,052
$195,000
3
4,800
74,052
$95,000
2
1
864
17,424
2
1
1,785
30,492
$7,303
3
3
1,224
21,780
2
912
26,136

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Adirondack-Champlain Valley Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Adirondack-Champlain Valley Multiple Listing Service. All Rights Reserved.