Elizabeth A. Paone

48 Old Lake Colby Road, Saranac Lake, NY 12983

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Property Description

Step into the timeless charm of 48 Old Lake Colby Road, where vintage character meets flexible, incomeproducing potential. This classic old-style main home, paired with a cozy rental cabin, offers an exceptional opportunity for both comfortable living and savvy investing. The main residence welcomes you with warm wood tones, a graceful layout, and a sense of history you can feel the moment you cross the threshold. Sunlight filters through the windows, reflecting off original details and drawing you toward the inviting fireplace-perfect for gathering on cool Adirondack evenings. With four bedrooms and 2.5 bathrooms, the home is thoughtfully arranged into two distinct living spaces: an upper and a lower level, each with its own character and privacy. Envision multigenerational living, a private owner's retreat with a guest suite, or a combination of personal use and rental income. Set just beyond the main home, the charming cabin offers two separate apartments, each with its own entrance, two bedrooms, and two bathrooms in total. Currently rented and producing $875/month, these units generate immediate income while you explore even more possibilities-longterm tenants, travel nurses, or shortterm guests seeking a peaceful retreat near Saranac Lake's lakes, trails, and village amenities. Surrounded by the scent of pine and the quiet rustle of the trees, this property feels like a tuckedaway haven yet remains close to everything you need. Picture crisp mornings with a mug of coffee by the fire, evenings spent under starstudded skies, and weekends exploring the Adirondacks knowing your investment is working for you. 48 Old Lake Colby Road is more than a home; it's a flexible, incomegenerating property infused with warmth, character, and opportunity-ready for its next chapter with an owner who sees its full potential.

48 Old Lake Colby Road | MLS# 202613718

This single family home located at 48 Old Lake Colby Road, Saranac Lake, NY 12983 is currently listed for sale with an asking price of $359,000. This property was built in 1920 and has 4 bedrooms and 2 full and 1 partial baths with 2510 sq. ft. Old Lake Colby Road is located within the Saranac Lake school district. Search Saranac Lake real estate on elizabeth-paone.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Single Family
Basement: Sump Pump
Cooling: None
Fireplaces: 1
Heating: Propane
Home Style: Old Style
Lot Size: 0.78 Acres
Roof Type: Shingle
Taxes: $3,829
Year Built: 1920

Feature Descriptions

Appliances: Electric Oven, Refrigerator, Washer/Dryer
Days on Site: 208
Exterior: Clapboard
Exterior: None
Fireplace: Living Room
Flooring: Carpet, Hardwood
Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Lot: Private, Road Frontage, Sloped, Wooded
Parcel #: 164601 446.52-1-6
Parking: Driveway
Parking Total: 4
Parking Total: 4
Patio/Porch: Enclosed, Front Porch
Rooms Total: 5
Security: Smoke Detector(s)
Sewer: Public Sewer
SQFT Above Grade Finished: 2510
Structures: Guest House, Storage
Utilities: Cable Connected
Water: Public
Wooded: Yes

Room Sizes

Living Room: 250.00 X 100.00 Level - First
Dining Room: 142.00 X 139.00 Level - First
Bedroom: 144.00 X 90.00 Level - First
Full Bathroom: 119.00 X 64.00 Level - First
Kitchen: 118.00 X 88.00 Level - First

Local Schools

High School: Saranac Lake
School District: Saranac Lake

Estimate Your Payment

Estimated Payment

$ 1,222.77 per month $798.98 Principal & Interest $319.08 Property Tax $104.71 Homeowner's Insurance

Change Payment Information

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Demographics

Listed By / Shown By

Listing By

Agency Name: NY Living Realty
Agency Phone: 1 518-963-8181

Shown By

Agent Name: Elizabeth A. Paone
Agent Phone: (518) 441-5352 Cell
Agency Title: Coldwell Banker Prime Properties

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