NOT LISTED FOR SALE

1 Loralee Dr Albany, NY 12205

Estimated Value: $307,000 - $518,000

5 Beds
3 Baths
2,395 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $269,900 $113 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,279/month

18 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Porch
  • Wood Flooring
  • No HOA
  • Built-In Features

About This Home

As of August 2022

A RARE diamond just came out of the rough! Come and grab a three unit in highly sought after South Colonie school district. The property has been renovated by it's current owner leaving a blank canvas of opportunity for cash flow and attractive returns. (2) of the three units are ready for occupancy immediately on change of ownership. Your potential gross income is estimated at approximately $35,000 annually. Call today!

Last Agent to Sell the Property

Brian McQueen

INMO Realty Company, LLC License #10491211423 Listed on: 05/20/2022

Last Buyer's Agent

Patrick Devaney

Miranda Real Estate Group Inc License #10301201873

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,778

Year Built

  • Built in 1911

Lot Details

  • 0.3 Acre Lot
  • Corner Lot
  • Level Lot
  • Garden

Home Design

  • Traditional Architecture
  • Aluminum Siding
  • Asphalt

Interior Spaces

  • 2,395 Sq Ft Home
  • Built-In Features
  • Paddle Fans
  • Atrium Doors
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Ceramic Tile in Bathrooms

Parking

  • 8 Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed
  • Porch

Schools

  • Colonie Central High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 150 Amp Service
  • 100 Amp Service
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 29.11 / 3
  • Assessor Parcel Number 012601 29.11-3-76

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,778

Year Built

Built in 1911

Lot Details

0.3 Acres

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Year Built: 1911
  • Directions: Route 5 West (Central Ave) to Vly Rd. Property on corner of Vly and Loralee on right.
  • Above Grade Finished Sq Ft: 2395.0
  • Architectural Style: Traditional
  • Financial Details General Taxes: 601.03
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 1746.81
  • School Taxes Description: Estimated
  • Financial Details Village Taxes: 430.59
  • Village Taxes Description: Estimated
  • Lot Size Acres: 0.3
  • Lot Size: 13068 sqft
  • Parking Features Parking Total: 8.0
  • Sale Detail Seller Contribution: No
  • Gas Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Rental Income: 35000.0
  • Rental Income Description: Estimated
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Ceramic Tile: Yes
  • Electric:Circuit Breakers: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Basement: Partial
  • Interior Amenities: Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Atrium Door
  • Living Area: 2395.0
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Paddle Fan: Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Basement:Partial: Yes
  • Interior Features:Built-in Features: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes

Exterior Features

  • Exterior Features: Garden
  • Roof: Asphalt
  • Construction Type: Aluminum Siding
  • Fencing: None
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch, Patio
  • Waterfront: No
  • Lot Features:Corner Lot: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Garden: Yes
  • Door Features:Atrium Door: Yes
  • Lot Features:Garden2: Yes

Garage/Parking

  • Parking Features: Off Street, Paved, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 8.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved: Yes

Utilities

  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service, 150 Amp Service, Circuit Breakers
  • Heating: Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 1800.0

Schools

  • Junior High Dist: South Colonie

Lot Info

  • Lot Features: Level, Corner Lot, Garden
  • Parcel #: 012601 29.11-3-76
  • Lot Size Sq Ft: 13068.0

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Insurance Expense: 1000.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2778.43
  • Tax Block: 3
  • Tax Lot: 29.11

MLS Schools

  • HighSchool: Colonie Central HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Sep 16, 2022
Sold by
Shonts John P
Bought by
Tuesdays Gone Llc
Seller's Agent
Brian McQueen
INMO Realty Company, LLC
Buyer's Agent
Patrick Devaney
Miranda Real Estate Group Inc
List Price
$269,900
Sold Price
$269,900
Views
32
Current Estimated Value
$371,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,851
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Mar 18, 2008
Sold by
Trust Bunkoff Vera M Family
Bought by
Shonts John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,512
Interest Rate
5.75%

Purchase Details

Closed on
Mar 17, 2008
Sold by
Bunkoff Christopher O and Bunkoff James
Bought by
Shonts John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,512
Interest Rate
5.75%

Purchase Details

Closed on
Feb 25, 2008
Sold by
Bunkoff
Bought by
Bunkoff Fam Trust Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,512
Interest Rate
5.75%

Purchase Details

Closed on
Oct 13, 2006
Sold by
Bunkoff Vera
Bought by
Bunkoff
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tuesdays Gone Llc $270,000 --
Shonts John P $176,900 Tatha R Jourdanais
Shonts John P $177,000 None Available
Bunkoff Fam Trust Vera -- --
Bunkoff -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shonts John P $175,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $269,900 0.0% $113 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $269,900 -- $113 / Sq Ft
Source: Global MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,140 $103,000 $20,600 $82,400
2023 $4,024 $103,000 $20,600 $82,400
2022 $3,989 $103,000 $20,600 $82,400
2021 $3,928 $103,000 $20,600 $82,400
2020 $2,719 $103,000 $20,600 $82,400
2019 $2,315 $103,000 $20,600 $82,400
2018 $2,617 $103,000 $20,600 $82,400
2017 $0 $103,000 $20,600 $82,400
2016 $2,634 $103,000 $20,600 $82,400
2015 -- $103,000 $20,600 $82,400
2014 -- $103,000 $20,600 $82,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202218284

Global MLS

APN: 012601-029-011-0003-076-000-0000

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