$399,000
$96K PRICE DROP

48 Old Lake Colby Rd Saranac Lake, NY 12983

Estimated payment $2,412/month

Total Views 26,614
5 Beds
2.5 Baths
2,300 Sq Ft
$173 Price per Sq Ft

Highlights

  • 0.78 Acre Lot
  • Old Style Architecture
  • Sun or Florida Room
  • Wood Flooring
  • Main Floor Primary Bedroom
  • High Ceiling

About This Home

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.

Listing Agent

Lisa McKenna

Engel & Volkers Lake Placid Real Estate Brokerage Email: colleen.holmes@evrealestate.com License #30MC0684238 Listed on: 07/11/2025

Engel & Volkers Lake Placid Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 1920

Lot Details

  • 0.78 Acre Lot
  • Fenced Front Yard
  • Chain Link Fence
  • Lot Sloped Up
  • Many Trees
  • Private Yard

Home Design

  • Old Style Architecture
  • Concrete Foundation
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Cement Siding
  • Clapboard

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Sump Pump
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Driveway
  • 4 Open Parking Spaces

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Wall Furnace
  • Separate Meters
  • 200+ Amp Service
  • Propane
  • Cable TV Available

Listing and Financial Details

  • Property Available on 4/11/25
  • Assessor Parcel Number 446.-52-1-6

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,900

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.78
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: The driveway is across from Urgent care in SL. on the right after you turn onto Old Lake Colby Rd.
  • Above Grade Finished Sq Ft: 2300.0
  • Architectural Style: Old Style
  • Unit Levels: Two
  • Structure Type: House, Multi Family
  • Year Built: 1920
  • Attribution Contact: colleen.holmes@evrealestate.com
  • Financial Details School Taxes: 425.0
  • Financial Details Village Taxes: 1400.0
  • Room Types:Sunroom: Yes
  • Room Types:Living Room2: Yes
  • Room Types:Den2: Yes
  • Room Types:Dining Room2: Yes
  • Room Types:Laundry2: Yes
  • Special Features: None

Interior Features

  • Spa Features: None
  • Appliances: Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer
  • Other Equipment: Call Listing Agent
  • Has Basement: Concrete, Sump Pump
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Carpet, Combination, Hardwood, Laminate, Linoleum, Vinyl
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Entrance Foyer, High Ceilings, In-Law Floorplan, Primary Downstairs
  • Living Area: 2300.0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2
  • Window Features: Double Pane Windows, Vinyl Clad Windows
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Primary Downstairs: Yes
  • Basement:Sump Pump: Yes
  • Interior Features:In-Law Floorplan: Yes

Exterior Features

  • Fencing: Chain Link, Front Yard
  • Lot Features: Many Trees, Private, Rolling Slope, Sloped Up, Views
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Cement Siding, Clapboard, Frame
  • Exterior Features: Lighting, Private Yard
  • Foundation Details: Poured
  • Other Structures: Outbuilding
  • Patio And Porch Features: Enclosed, Front Porch, Rear Porch
  • Roof: Shingle
  • Lot Features:Private: Yes
  • Lot Features:Rolling Slope: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Vinyl Clad Windows: Yes
  • Lot Features:Views: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Enclosed2: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Sloped Up: Yes
  • Construction Materials:Cement Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes

Utilities

  • Laundry Features: Laundry Room
  • Security: Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Fireplace(s), Oil, Propane, Separate Meters, Wall Furnace
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Propane
  • Water Source: Public
  • Heating:Oil: Yes
  • Heating:Propane2: Yes

Schools

  • Junior High Dist: Saranac Lake

Lot Info

  • Lot Size Sq Ft: 33976.8
  • Parcel #: 446.-52-1-6

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2025-04-11

Tax Info

  • Tax Annual Amount: 2900.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,829 $190,400 $39,800 $150,600
2023 $5,715 $190,400 $39,800 $150,600
2022 $5,772 $190,400 $39,800 $150,600
2021 $5,684 $190,400 $39,800 $150,600
2020 $2,335 $190,400 $39,800 $150,600
2019 $2,313 $190,400 $39,800 $150,600
2018 $2,252 $190,400 $39,800 $150,600
2017 $2,255 $190,400 $39,800 $150,600
2016 $2,111 $190,400 $39,800 $150,600
2015 -- $190,400 $39,800 $150,600
2014 -- $190,400 $39,800 $150,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $399,000 0.0% $173 / Sq Ft
07/11/2025 07/11/25 For Sale $399,000 0.0% $173 / Sq Ft
07/09/2025 07/09/25 Off Market $399,000 -- --
05/16/2025 05/16/25 Price Changed $425,000 -7.4% $185 / Sq Ft
04/11/2025 04/11/25 For Sale $459,000 +15.0% $200 / Sq Ft
04/09/2025 04/09/25 Off Market $399,000 -- --
02/07/2025 02/07/25 Price Changed $459,000 -7.3% $200 / Sq Ft
01/16/2025 01/16/25 For Sale $495,000 -- $215 / Sq Ft
Source: Adirondack-Champlain Valley MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $30,000 Unknown
Source: Public Records

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Source: Adirondack-Champlain Valley MLS

MLS Number: 203773

APN: 164601-446-052-0001-006-000-0000