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75 Margaret Street, Saranac Lake, NY 12983

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For Sale

$325,000

1,512 sqft

Estimated Payment

$ 1,906 /mo.

6.87% APR for 30 yrs.
$2,383 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $214.95
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to 75 Margaret Place, a beautifully maintained historic home in the heart of Saranac Lake with roots dating back to 1911 as the Garwood Cottage and later the Sarnsky Cottage in 1929. This charming property offers the perfect blend of historic character and modern upgrades, all within walking distance to everything the village has to offer. Featuring two well-maintained units, the main level consists of a 1-bedroom, 1-bath apartment, while the upper level offers a spacious 2-bedroom, 1-bath layout. Ideal for owner-occupants or investors seeking stable passive income, the downstairs unit has been tastefully renovated and is in impeccable condition, making it an attractive space for tenants or owners alike, while the current tenant's rent helps cover the mortgage. The upstairs apartment boasts spacious rooms, charming wood details, abundant natural light, and a bonus room that can serve as a third bedroom or office space. Additional features include a two-car garage with a spacious patio above that's perfect for entertaining or relaxing by a fire pit, ample storage in the basement, and two washer/dryer units for added convenience. Don't miss this rare opportunity to own a piece of Saranac Lake history while enjoying modern comforts and financial benefits it won't last long!
MLS# 203825

Courtesy Of Merrill L. Thomas, Inc.

(518) 523-2519

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Range
  • Architecture Style
    Other
  • Exterior Type
    Stone, Wood Siding
  • Lot Size
    0.13 Acres
  • Roof Type
    Asphalt

Home seller CENTURY 21 TheOne

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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,707
  • Property Taxes
    $198
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,906

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Petrova Elementary School

Grades KG-5 Public School


Saranac Lake, NY 12983 0.5 miles
79 canaras ave

344 total students
11:1 Student teacher ratio

Saranac Lake Middle School

Grades 6-8 Public School


Saranac Lake, NY 12983 0.5 miles
79 canaras ave

299 total students
10:1 Student teacher ratio

Saranac Lake High School

Grades 9-12 Public School


Saranac Lake, NY 12983 0.6 miles
79 canaras ave

352 total students
10:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
St Bernards School 0.6 miles Private KG-5
Bloomingdale Elementary School 5.3 miles Public KG-5 C-

St Bernards School

Distance: 0.6 miles

Type Private

Grades: KG-5

Bloomingdale Elementary School

Distance: 5.3 miles

Type Public

Grades: KG-5

C-

Local area information for Saranac Lake, NY 12983

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Saranac Lake, NY 12983

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are above the national average.

77° July
Hottest Average Month

4° January
Coldest Average Month
3,172 Total Households in Area
19%
of households
have children
18 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Saranac Lake, NY 12983

Saranac Lake, NY 12983 has a population of 6,675 people in 3,172 households with a median age of 43 years old.

Down -0.5%
Decrease in population
since the year 2010

Population is Trending down
3,177
Total households as of 2010
Down
-2.8%

Community Population By Age

Community Population By Ethnicity

White 89%
Hispanic 3%
Black 2%
Other <1%
Asian <1%
Native American <1%

Economics
for Saranac Lake, NY 12983

30 /sq mi
Population Density
$62,773 /yr
Median Household Income
$275,000
Median Sales Price
18 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 84%
  • Walk or Bike 8%
  • Work from Home 6%
  • Public Transit 1%

Occupancy by Type

Owned 1,926 46%
Rented 1,246 30%
Vacant 979 24%

White vs Blue Collar Jobs







White Collar 81%
Blue Collar 19%

Family & Education Facts
for Saranac Lake, NY 12983

43 Median Age

Average Household Size

2
persons per
household

38.1%

Married Households

Community Population By Education

High School Graduate 21%
Some College 20%
Bachelors Degree 18%
Graduate Degree 17%
Associates Degree 16%
Some High School 7%

Household Family Expenses vs National Average

19.1% of households have children

Weather
for Saranac Lake, NY 12983

The weather for this area ranges from a high of 77° F in July to a low of 4° F in January

77° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
26°
Feb
4°
28°
Mar
14°
37°
Apr
27°
50°
May
38°
64°
Jun
48°
73°
Jul
52°
77°
Aug
50°
75°
Sep
43°
67°
Oct
33°
55°
Nov
24°
41°
Dec
10°
29°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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