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48 Old Lake Colby

Saranac Lake, NY 12983
  • $459,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 203773
Price Reduced
UPDATED: 42 min ago
$459,000
  • 5
    BEDS
  • 0.78
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,900
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
County:

School Ratings & Info

School District:

Description

Stunning stately 1920's home situated at the crest of a hill over looking the wooded area toward Lake Colby beach. The Main home used to be a two until but currently is used as a 5 bedroom 2.5 baths. It has a beautiful stone fireplace, with high beamed ceilings and lovely archways separating the rooms. The kitchen still remains on the second floor, so it could easily be converted back to a rental unit for a total of 4 units. The back 2 story unit has 2/one bedroom apartments on month to month leases which rent for $450 each, with tenants paying their own elec. and propane heat. What a great opportunity to own a large family home and have income to help pay the mortgage taxes and maintenance. A short distance to the rail trail, the beach and downtown Saranac Lake. Just minutes to AMC if you want to be close to work.

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© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-02-09T15:30:23.443.
www.adirondackwaterfronthomes.com/homes/159509897
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48 Old Lake Colby Saranac Lake, NY 12983

  • Price: $459,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 42 min ago
  • MLS #: 203773
5
Beds
2
Baths
1
½ Baths
0.78
Acres
2,900
SQFT
$158
$/SQFT
1920
Built
Neighborhood:
None
County:
Franklin
Area:
Saranac Lake, Raybrook
School District:
Saranac Lake
Property Description
Stunning stately 1920's home situated at the crest of a hill over looking the wooded area toward Lake Colby beach. The Main home used to be a two until but currently is used as a 5 bedroom 2.5 baths. It has a beautiful stone fireplace, with high beamed ceilings and lovely archways separating the rooms. The kitchen still remains on the second floor, so it could easily be converted back to a rental unit for a total of 4 units. The back 2 story unit has 2/one bedroom apartments on month to month leases which rent for $450 each, with tenants paying their own elec. and propane heat. What a great opportunity to own a large family home and have income to help pay the mortgage taxes and maintenance. A short distance to the rail trail, the beach and downtown Saranac Lake. Just minutes to AMC if you want to be close to work.
Exterior Features

Architectural Style Old Style Construction Materials ClapboardFrameCement Siding Exterior Features LightingPrivate Yard Fencing Chain LinkFront Yard Foundation Details Poured Garage Spaces 0.00 Parking Features Driveway Pool Features None Roof Shingle

Interior Features

Above Grade Finished Area 2300.00 Appliances DishwasherWasher/DryerFree-Standing RefrigeratorFree-Standing Electric Range Basement ConcreteSump Pump Bathrooms Total 3.00 Below Grade Finished Area 0.00 Below Grade Unfinished Area 600.00 Cooling None Heating Fireplace(s)Wall FurnaceSeparate MetersPropaneOil Interior Features Beamed CeilingsPrimary DownstairsIn-Law FloorplanHigh CeilingsEntrance FoyerCeiling Fan(s) Kitchen Level First Laundry Features Laundry Room Levels Two Living Area 2300.00 Living Room Level First Patio And Porch Features EnclosedRear PorchFront Porch Primary Bedroom Level First Rooms Living Room (1 Level) Dining Room (1 Level) Den (1 Level) Primary Bedroom (1 Level) Primary Bathroom (1 Level) Bathroom 2 (1 Level) Kitchen (1 Level) Laundry (1 Level) Other Room (1 Level) Bedroom 2 (2 Level) Bathroom 3 (2 Level) Bathroom 3 (2 Level) Kitchen (2 Level) Bedroom 4 (2 Level) Bathroom 5 (2 Level) Sunroom (2 Level) Window Features Double Pane WindowsVinyl Clad Windows

Property Features

Exemptions Enhanced STAR Land Tax Annual Amount 980.00 Listing Terms CashConventional Lot Features Many TreesViewsSloped UpRolling SlopePrivate Other Equipment Call Listing Agent Other Structures Outbuilding Road Surface Type Paved Seasonal Property YN No Security Features Smoke Detector(s) Sewer Public Sewer Tax Annual Amount 2900.00 Tax Assessed Value 271186.00 Utilities Cable ConnectedWater ConnectedSewer ConnectedPropanePhone ConnectedElectricity Connected Water Source Public Waterfront YN No

Listing courtesy of Engel & Volkers Lake Placid Real Estate: (518) 523-4404.


© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-02-09T15:30:23.443.
 
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Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team
80 Park Street
Tupper Lake NY, 12986