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MLS#203773

48 Old Lake Colby , Saranac Lake

$459,000
5
2
2,300 sqft
0.78 ac
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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Listing courtesy of Engel & Volkers Lake Placid Real Estate

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Property Information

Price:
$459,000459000
MLS#:
203773
Type:
Residential
Area: Saranac Lake, New York
Acres:
0.78
School District:
Saranac Lake
Tax Map:
446.-52-1-6
Total Taxes:
$2,900
Style:
Old Style
Year Built:
1920
SQFT:
2,300
Seasonal:
Yes
Stories:
2
Beds:
5
Baths:
2
Half Baths:
1
Heating:
Fireplace(s), Wall Furnace, Separate Meters, Propane, Oil
Cooling:
None
Electrical:
200+ Amp Service