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Adirondack Real Estate

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491 County Route 47, Saranac Lake, NY 12983

$425,000
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 1,600 Lot Size (sq. ft.): 65,340 Status: Closed
Current Price: $425,000 List Date: 5/13/2025 Last Modified: 8/15/2025

Description

A rare and highly flexible investment opportunity in the Harristown area of Saranac Lake, Hillman's Cottages offers a private compound of seven total units with zoning that allows for unlimited short-term rentals — and without the burden of village taxes. Set on a quiet, wooded lot, the property includes a charming main residence with a separate upstairs one-bedroom apartment, plus six detached cottages — a mix of one- and two-bedroom units. One year-round cottage is currently leased on a long-term basis, while the other seasonal cottages are rented monthly in the summer. Whether you're looking to live on-site while generating income, host guests seasonally, or run a year-round rental business, Hillman's Cottages offers the perfect blend of flexibility, privacy, and income potential.

More Information MLS# 204526

Location, Tax, and Legal

Tax Annual Amount: 3961.97 Tax Assessed Value: 396382 Land Tax Annual Amount: 2247.39 Deed Date: 2003-06-06

General Property Information

Seasonal Property YN: No Below Grade Unfinished Area: 0 Lease Term: Other Bedrooms Total: 8 Bathrooms Total: 7 Bathrooms Full: 7 Above Grade Finished Area: 1600 Building Area Total: 1600 Living Area: 1600 Year Built: 1941 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 1 Open Parking YN: 1 Open Parking Spaces: 6 Lot Size Acres: 1.5 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2025-08-15 Concessions: No Buyer Financing: Other Major Change Timestamp: 2025-08-15T20:35:59Z Major Change Type: Status Change Under Contract Date: 2025-06-25 Close Date: 2025-08-15 Close Price: 425000

Appliances

Dryer: 1 Electric Range: 1 Range: 1 Refrigerator: 1 Washer/Dryer: 1

Architectural Style

Adirondack: 1 Cottage: 1

Basement

Unfinished: 1 Walk-Out Access: 1

Electric

200+ Amp Service: 1

Foundation Details

Stone: 1

Heating

Tank Location: Basement

Laundry Features

In Basement: 1

Listing Terms

Cash: 1 Conventional: 1

Other Structures

Shed(s): 1

Road Frontage Type

Highway: 1

Road Surface Type

Gravel: 1

Roof

Asbestos Shingle: 1 Metal: 1

Sewer

Cesspool: 1 Septic Tank: 1

Structure Type

Cabin: 1 House: 1

Utilities

Cable Connected: 1 Internet Connected: 1 Water Connected: 1 Underground Utilities: 1

View

Neighborhood: 1 Trees/Woods: 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1

Showing Requirements

24 Hour Notice: 1 Call Listing Agent: 1

Room Types

Bathroom: 1 Bathroom Level: First Bedroom 2: 1 Bedroom 2 Level: Second Dining Room: 1 Dining Room Level: First Kitchen: 1 Kitchen Level: First Living Room: 1 Living Room Level: First Primary Bedroom: 1 Primary Bedroom Level: First

Contract Information

Current Price: $425,000 Original List Price: 499000 Sold Price: $425,000 Status: Closed Listing Contract Date: 2025-05-13 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 491 Street Name: County Route 47 County: Franklin State: NY Postal Code: 12983 MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 435.4-2-2 Directions: Rt 86 pass Adirondack Medical Center. Turn into Hillman Cottages on the right. There is a RE Sign

Property Features

Appliances: Dryer; Electric Range; Range; Refrigerator; Washer/Dryer Architectural Style: Adirondack; Cottage Basement: Unfinished; Walk-Out Access Electric: 200+ Amp Service Foundation Details: Stone Laundry Features: In Basement Listing Terms: Cash; Conventional Other Structures: Shed(s) Road Frontage Type: Highway Road Surface Type: Gravel Roof: Asbestos Shingle; Metal Sewer: Cesspool; Septic Tank Structure Type: Cabin; House Utilities: Cable Connected; Internet Connected; Water Connected; Underground Utilities View: Neighborhood; Trees/Woods Water Source: Public Window Features: Double Pane Windows Showing Requirements: 24 Hour Notice; Call Listing Agent Room Types: Bathroom; Bedroom 2; Dining Room; Kitchen; Living Room; Primary Bedroom

Room Information

Primary Bedroom Level: First Length: 10.00 Length: 10.00 Width: 12.00 Width: 12.00 Dimensions: 10 x 12 Bedroom 2 Level: Second Length: 10.00 Length: 10.00 Width: 15.00 Width: 15.00 Remarks: IS THE BEDROOM FOR THE APARTMENT Dimensions: 10 x 15 Living Room Level: First Length: 12.20 Length: 12.20 Width: 17.50 Width: 17.50 Dimensions: 12.2 x 17.5 Bathroom Level: First Length: 9.00 Length: 9.00 Width: 11.10 Width: 11.10 Dimensions: 9 x 11.1 Kitchen Level: First Length: 9.00 Length: 9.00 Width: 10.00 Width: 10.00 Dimensions: 9 x 10 Dining Room Level: First Length: 10.00 Length: 10.00 Width: 11.80 Width: 11.80 Dimensions: 10 x 11.8

Documents

View Document PDST ›
View Document Survey ›
View Document Deed ›
View Document Lead Paint ›
View Document Septic/C Pools Layout ›
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.
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