See Home Value
Saratoga 12020
1 Rainbow Way
$961,500
● House - Off Market

1 Rainbow Way

Malta, NY 12020
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,450 Ft²
$5,820
Est. Monthly

About This Property

Acreage, privacy, tranquility and sophistication galore! Constructed, remodeled, and lovingly cared for by the same family, this one-owner estate offers 5 bedrooms, 6 baths, and exceptional versatility throughout. The heart of the home is a stunning chef's kitchen featuring top-of-the-line Sub-Zero and Thermador appliances, a massive center island with bar seating, custom decorative ceiling, statement lighting, brick accents, and double wall ovens to create an impressive yet functional space, filled with natural light from oversized windows and doors. The spacious first floor also includes a grand family room with vaulted ceilings and a full masonry wood-burning fireplace, an elegant sitting room with hardwood floors and gas stove, formal dining room, executive office, parlor/piano room, junior primary suite, and an additional bedroom. Upstairs, the luxurious primary suite offers a private balcony overlooking the 20x40 kidney-shaped inground pool and serene backyard; your own nature-filled retreat. The finished lower level features a gym, craft room, game room, powder room, ample storage, and separate entrance (in-law headquarters potential.) The outstanding detached outbuilding, currently used as a workshop, offering 1,334 sq ft on the first floor (12'4'' ceilings) plus 450 sq ft of second-floor storage (7' ceilings). Equipped with three 10' x 9' overhead doors, radiant heated floors, separate gas, hot water boiler, and half bath, with most of the metal storage shelving possible to be included. Additional highlights include an attached 2-car garage, spacious mudroom. The pool is scheduled to open by the end of May. Ideally located near Saratoga Lake public marinas, waterfront dining, just 6 miles to downtown Saratoga Springs, and minutes to Saratoga Race Course. Shed, chicken coop, marble bench and 1 cabinet in the garage are excluded.  The remaining items could be negotiable.
Unit Size
3,450 Ft²
Days on Market
83 days
Land Size
2.10 acres
Price per sqft
$289
Property Type
House
Property Taxes
$919
HOA Dues
-
Year Built
1995

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Last updated: 17 days ago (Global MLS #202623027)

Price History

Date / Event Date Event Price
Oct 22, 2026 Sold
Sold
Sep 10, 2026 In contract -
In contract
Jul 31, 2026 Listed by Vera Cohen Realty LLC $998,000
Listed by Vera Cohen Realty LLC
Jan 4, 1995 Sold
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 1,990
  • Parking Space Count: 7
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 91,476
  • Lot Size Frontage Feet: 3,000
  • Total Building Area: 3,450
  • Building Area: 3,450
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002100
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SIDE: W LOT 1

Neighborhood

  • School District Name: Ballston Spa Central School District
  • School Tax School District: BALLSTON SPA
  • Census Tract: 061905

Zoning

  • Zoning: R8

Geography

  • District: 414089
  • Section: 204.00
  • Parcel: 414089 204.-4-17.14
  • Block: 4
  • Lot: 17.014
  • Municipality: MALTA (TOV)
  • Latitude: 43.0172
  • Longitude: -73.7799

    Address

  • Full Address: 1 Rainbow Way
  • Address - House Number: 1
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Ballston Spa
  • Carrier Code: R003
  • 4-Digit Zip Code: 4154
  • Zip Code: 12020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $974,028
  • Tax Rate Code Area: 414201

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 706,371
  • High Value: 823,568
  • Low Value: 589,175

    Market Valuation

  • Market Total Value: $630,000
  • Market Land Value: $82,400
  • Market Improvement Value: $547,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $630,000
  • Assessed Land Value: $82,400
  • Assessed Improvements Value: $547,600

    Sales

  • Current Sale Contract Date: Nov 22, 1995
  • Current Sale Recording Date: Nov 28, 1995
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 04, 1995
  • Previous Sale Contract Date: Dec 28, 1994
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 44
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Saratoga


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Unit for rent at 6 Damascus Way, Malta, NY, 12020

$3,900 /mo

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  • 2 Baths
  • 2,200 ft²
6 Damascus Way, Malta, NY, 12020 Listing by Carol C Raike


Frequently Asked Questions

When was property at 1 Rainbow Way built and last sold?
The property at 1 Rainbow Way was built in 1995 and last sold on Nov 22, 1995 for $0.
How much is this home worth?
The estimated value of the home located at 1 Rainbow Way is $1,007,980.
What are some comparable homes to 1 Rainbow Way?
There are currently no comparable homes to 1 Rainbow Way.