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    Property profile & analytics

    551 Lk Ave Lake Luzerne, NY 12846-3902

    • Motels
    • 2,504 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Jun 26, 2024
    $499,000
    Location Intelligence
    Property ID
    US63-0206919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Woodside Motel & Cabins LLC / Motel

    Property Details for 551 Lk Ave

    Year built
    1970
    Lot size
    3.00 lot acres
    Property size
    2,504 SF
    Zone code
    R-RE
    Property type
    Motels
    APN
    523200 292.15-1-12
    APU
    52320029215112

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Luzerne
    County
    Warren
    State
    New York
    Longitude
    -73.8382
    Latitude
    43.3407
    CBSA code
    24020
    CBSA name
    GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $38,000
    $287,000
    $325,000
    -
    $51,353
    $387,847
    $439,200

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      365 River Dr

      Motels • 5.00 Acres
      365 River Dr, Lake Luzerne, NY 12846
      View Details
    • Value Estimation
      $725,000
      3,596 SF

      302 Lk Ave

      MOTEL • 3,596 SF
      302 Lk Ave, Lake Luzerne, NY 12846-2815
      View Details
    • Value Estimation
      $1,040,000
      4,490 SF

      296 Lk Ave

      MOTEL • 4,490 SF
      296 Lk Ave, Lake Luzerne, NY 12846-2804
      View Details
    • Value Estimation
      $645,000
      3,800 SF

      508 Lk Ave

      MOTEL • 3,800 SF
      508 Lk Ave, Lake Luzerne, NY 12846-2928
      View Details
    • Value Estimation
      $350,000
      2,288 SF

      1315 Lk Ave

      MOTEL • 2,288 SF
      1315 Lk Ave, Lake Luzerne, NY 12846
      View Details
    • Value Estimation
      $360,000
      2,403 SF

      310 Lk Ave

      MOTEL • 2,403 SF
      310 Lk Ave, Lake Luzerne, NY 12846-2912
      View Details

    Similar Nearby for Sale

    • $2,650,000
      5.00 Acres

      Whispering Pines Waterfront Retreat

      Hudson River Cottages, Turnkey Operation
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      View Details
    • $200,000
      1,296 SF

      Lake Luzerne Commercial Building

      Versatile 1,296 sq ft commercial building in Lake Luzerne.
      98 Lake Ave, Lake Luzerne, NY 12846
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    • $165,000

      Specialty Property Sold Before Listing

      Specialty property in Lake Luzerne, NY, sold before listing.
      144 Thomas Rd, Lake Luzerne, NY 12846
      View Details
    • $110,000
      0.62 Acres

      Residential Land Near Hudson River

      0.62-acre residential lot with Hudson River access and amenities.
      L20 White Birch Dr, Lake Luzerne, NY 12846
      View Details
    • $369,000

      Waterfront Land with Mountain Views

      Waterfront land in Lake Luzerne with mountain views and town water.
      12 North Ave, Lake Luzerne, NY 12846
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    • $150,000
      39.10 Acres

      Adirondack Land Near Great Sacandaga

      39+ acre vacant land parcel near Great Sacandaga Lake.
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    Lake Luzerne, NY 12846-3902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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