$399,000
$96K PRICE DROP

48 Old Lake Colby Rd Saranac Lake, NY 12983

Estimated payment $2,446/month

Total Views 18,769
5 Beds
2.5 Baths
2,300 Sq Ft
$173 Price per Sq Ft

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • High Ceiling
  • Old Style Architecture
  • Sun or Florida Room
  • Private Yard

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

New York Franklin County Saranac Lake 12983

48 Old Lake Colby Rd, Saranac Lake, NY

This home is located at 48 Old Lake Colby Rd, Saranac Lake, NY 12983 and is currently priced at $399,000, approximately $173 per square foot. This property was built in 1920. 48 Old Lake Colby Rd is a home located in Franklin County with nearby schools including Saranac Lake Senior High School, Northern Lights School, and St. Bernard's School.

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Nearby Homes
Listing Agent
Lisa McKenna
Section Image
Engel & Volkers Lake Placid Real Estate
(518) 864-3472