NOT LISTED FOR SALE

1037 University Place Schenectady, NY 12308

Estimated Value: $253,000 - $349,000

7 Beds
2 Baths
2,572 Sq Ft
$112/Sq Ft Est. Value

Last Sold January 19, 2021

Last sale price $125,000 $49 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,192/month

92 Days on Market

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Heating System Uses Natural Gas

About This Home

As of January 2021

Rented 2 Family in Nice Location. Great Investment Opportunity for Family or Investor. Large 3 and 4 bedroom units. Highly desirable, easy to rent. Separate utilities, Finished laundry room in basement, off street parking. Listing Agent is partial owner of property

Last Agent to Sell the Property

Brendan Nally

Sterling Real Estate Group License #10401335670 Listed on: 08/19/2020

Last Buyer's Agent

Colleen Traficante

Miranda Real Estate Group, Inc License #10301200106

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 40 x 108

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • 2,572 Sq Ft Home
  • Duplex
  • Aluminum Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Insurance Expense $1,200

Listing and Financial Details

  • Legal Lot and Block 26 / 1
  • Assessor Parcel Number 421500 39.74-1-26

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,300

Year Built

Built in 1901

Lot Details

0

Parking

1

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1901
  • Directions: Driving South on Union Ave. Union College is on your left. Take a right on University Place. House is halfway down on the right side.
  • Above Grade Finished Sq Ft: 2572.0
  • Architectural Style: Duplex-Over/Under
  • Lot Size: 40 x 108
  • New Construction: No
  • Parking Features Parking Total: 3.0
  • Possession Possession Legacy: 1
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Insurance Expense Description: Estimate
  • Rental Income Description: Actual
  • Income: 2350.0
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Total Bedrooms: 7
  • Living Area: 2572.0
  • Basement:Unfinished: Yes

Exterior Features

  • Construction Type: Aluminum Siding
  • Waterfront: No
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Off Street, Detached
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • Property Detail:Garage Spaces: 1.0
  • Parking Features:Off Street: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Radiant: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Ceramic Tile2: Yes
  • Unit 1 Amenities:Built-in Features4: Yes
  • Unit 1 Amenities:Cable Available3: Yes
  • Unit 1 Amenities:High Speed Internet3: Yes

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Parcel #: 421500 39.74-1-26

Multi Family

  • Insurance Expense: 1200.0

Tax Info

  • Tax Annual Amount: 6300.0
  • Tax Block: 1
  • Tax Lot: 26
  • Tax Tract: 39.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Jan 13, 2021
Sold by
Nally And Ginn Llc
Bought by
886 3Rd Ave Troy Ny Llc
Seller's Agent
Brendan Nally
Sterling Real Estate Group
Buyer's Agent
Colleen Traficante
Miranda Real Estate Group, Inc
List Price
$149,000
Sold Price
$125,000
Premium/Discount to List
-$24,000
-16.11%
Current Estimated Value
$287,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,230
Avg. Annual Appreciation
20.08%
Original Mortgage
$0
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2019
Sold by
Dussault Timothy J
Bought by
Nally And Ginn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2011
Sold by
University Place Llc
Bought by
Dussault Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,140
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 2007

Purchase Details

Closed on
May 9, 2007
Sold by
Cimino John A
Bought by
Buchanan Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,250
Interest Rate
5.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2004
Sold by
Salvia Joseph
Bought by
Cimino John

Purchase Details

Closed on
Jun 25, 2004
Sold by
Salvia Joseph
Bought by
Salvia Joseph
Source: Public Records

Range of Values:

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Average Value
Not Available
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
886 3Rd Ave Troy Ny Llc $125,000 None Available
Nally And Ginn Llc $108,000 None Available
Dussault Timothy J $132,500 None Available
-- -- --
Buchanan Thomas $142,800 Gerard Pausi
Cimino John -- --
Salvia Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 886 3Rd Ave Troy Ny Llc $0
Open 886 3Rd Ave Troy Ny Llc $11,400
Previous Owner Nally And Ginn Llc $84,000
Previous Owner Dussault Timothy J $129,140
Previous Owner Buchanan Thomas $14,250
Previous Owner Buchanan Thomas $114,240
Previous Owner Cimino John A $121,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $125,000 0.0% $49 / Sq Ft
01/01/2021 01/01/21 Off Market $125,000 -- --
11/16/2020 11/16/20 Pending -- -- --
09/29/2020 09/29/20 Price Changed $144,900 -2.8% $56 / Sq Ft
08/16/2020 08/16/20 For Sale $149,000 -- $58 / 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 $7,258 $136,900 $20,500 $116,400
2023 $7,258 $136,900 $20,500 $116,400
2022 $7,097 $136,900 $20,500 $116,400
2021 $3,852 $136,900 $20,500 $116,400
2020 $6,935 $136,900 $20,500 $116,400
2019 $4,098 $136,900 $20,500 $116,400
2018 $7,002 $136,900 $20,500 $116,400
2017 $6,395 $136,900 $20,500 $116,400
2016 $7,190 $136,900 $20,500 $116,400
2015 -- $136,900 $20,500 $116,400
2014 -- $136,900 $20,500 $116,400
Source: Public Records

Agents Affiliated with this Home

  • Brendan Nally

    Seller's Agent in 2021

    Brendan Nally

    Sterling Real Estate Group

    (518) 688-2211

    10 in this area

    20 Total Sales

    Brendan Nally
    Section Image
  • Colleen Traficante

    Buyer's Agent in 2021

    Colleen Traficante

    Miranda Real Estate Group, Inc

    (518) 669-0125

    9 in this area

    55 Total Sales

    Colleen Traficante
    Section Image
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Map

Source: Global MLS

MLS Number: 202025835

Global MLS

APN: 039-074-0001-026-000-0000

New York Schenectady County Schenectady 12308

1037 University Place, Schenectady, NY

This home is located at 1037 University Place, Schenectady, NY 12308 since 19 August 2020 and is currently estimated at $287,230, approximately $111 per square foot. This property was built in 1901. 1037 University Place is a home located in Schenectady County with nearby schools including Jessie T Zoller School, Oneida Middle School, and Schenectady High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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