NOT LISTED FOR SALE

10 Covington Ave Schenectady, NY 12304

7 Beds
5 Baths
3,950 Sq Ft
0.33 Acres

Last Sold December 30, 2016

Last sale price $230,000 $58 Per Sq Ft

56 Days on Market

Highlights

  • Active Adult
  • Baseboard Heating
  • Level Lot
  • No HOA

About This Home

As of December 2016

INVESTOR OPPORTUNITY TO MAKE GREAT CASH FLOW! SITUATED ON A BIG LOT CONVENIENT TO THE BUSLINE AND SHOPPING NEAR THE COLONIE SCHENECTADY NISKAYUNA BORDER. THIS 5 UNIT INCOME PROPERTY CONSISTS OF A 3 FAMILY HOUSE & A 2 FAMILY HOUSE. FULLY OCCUPIED CURRENT RENT IS 10%- 20% BELOW MARKET WITH LONG TERM TENANTS LEAVING ROOM FOR GROWTH WITH IMPROVEMENTS. SEPARATE HEAT & UTILITIES. SELLER WILL FINANCE WITH $100,000 DOWN @7% -- Good Condition

Last Agent to Sell the Property

Andrew Mironchuk

Miron Realty License #10371200790 Listed on: 09/16/2016

Last Buyer's Agent

Diane Friedman

Millenium Real Estate Sales License #30OL0506325

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,253

Year Built

  • Built in 1941

Lot Details

  • 0.33 Acre Lot
  • Level Lot

Parking

  • 15 Parking Spaces

Home Design

  • Slab Foundation
  • Slate Roof
  • Clapboard
  • Asphalt

Interior Spaces

  • 3,950 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Baseboard Heating
  • Electric Baseboard Heater

Listing and Financial Details

  • The owner pays for parking fee
  • Legal Lot and Block 1 / 6
  • Assessor Parcel Number 012689 16.7-6-1

Community Details

Overview

  • Active Adult
  • No Home Owners Association

Building Details

  • Insurance Expense $3,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,253

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1941
  • Directions: FROM COLONIE RT 5 (CENTRAL A) WEST OF RT 155 (NEW KARNER) PASS LISHAKILL RD, LEFT ON COVINGTON. FROM SCHEN. AT MOHAWK MALL RT 5 EAST RIGHT ON COVINGT
  • Above Grade Finished Sq Ft: 3950.0
  • Architectural Style: Other, See Remarks
  • Financial Details General Taxes: 1889.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 3364.0
  • School Taxes Description: Actual
  • Lot Size Acres: 0.33
  • Lot Size: 14,375 sf
  • Parking Features Parking Total: 15.0
  • Possession Possession Legacy: ARRANGED
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Actual
  • Income: 38640.0
  • Income Description: Actual
  • Number of Refrigerators: 5
  • Unit Information Number Of Stoves: 5
  • Foundation Details:Slab: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Slab
  • Living Area: 3950.0
  • Owner Pays: Parking Fee
  • Full Basement: Yes
  • Basement:Slab2: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes

Exterior Features

  • Roof: Slate, Asphalt
  • Construction Type: Clapboard
  • Foundation Details: Slab
  • Lot Features:Level: Yes
  • Construction Materials:Clapboard2: Yes

Garage/Parking

  • Total Parking Spaces: 15.0
  • Unit 1 Owner Furnish Features:Parking2: Yes
  • Unit 2 Owner Furnish Features:Parking3: Yes
  • Owner Pays:Parking Fee2: Yes
  • Unit 3 Owner Furnish Features:Parking4: Yes
  • Unit 4 Owner Furnish Features:Parking5: Yes
  • Unit 5 Owner Furnish Features:Parking6: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Electric, Radiant, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Radiant: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: South Colonie

Lot Info

  • Lot Features: Level
  • Parcel #: 012689 16.7-6-1
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres

Multi Family

  • Insurance Expense: 3365.0

Tax Info

  • Tax Annual Amount: 5253.0
  • Tax Block: 6
  • Tax Lot: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $230,000 -8.0% $58 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
09/15/2016 09/15/16 For Sale $250,000 -- $63 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

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 $6,427 $135,000 $24,800 $110,200
2023 $6,447 $135,000 $24,800 $110,200
2022 $6,071 $135,000 $24,800 $110,200
2021 $5,991 $135,000 $24,800 $110,200
2020 $5,869 $135,000 $24,800 $110,200
2019 $2,836 $135,000 $24,800 $110,200
2018 $5,787 $135,000 $24,800 $110,200
2017 $3,587 $135,000 $24,800 $110,200
2016 $5,536 $135,000 $24,800 $110,200
2015 -- $135,000 $24,800 $110,200
2014 -- $135,000 $24,800 $110,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201619203

Global MLS