NOT LISTED FOR SALE

1047 Gillespie St Schenectady, NY 12308

Estimated Value: $230,000 - $327,000

6 Beds
2 Baths
2,254 Sq Ft
$123/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $230,000 $102 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,081/month

3 Days on Market

Highlights

  • Barn
  • 2 Car Detached Garage
  • Wood Siding
  • No HOA
  • Forced Air Heating System

About This Home

As of July 2021

Investment property or First Time owner with additional income. This well maintained 2-Family is on a quiet street in a great/historic location off Union St and 1/2 block from Union College. Each floor has 3 bedrooms and 1 full bath, separate utilities, and with off street parking. There's a large barn/2-car garage that could be used for many things (storage, parking, work/art shop, etc.

Last Listed By

Brian Evans

Marcia Murray & Associates Realty LLC License #40EV1096286 Listed on: 04/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,134

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35x154

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 2,254 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • Jessie T. Zoller Elementary School
  • Schenectady High School

Farming

  • Barn

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 51 / 1
  • Assessor Parcel Number 421500 39.74-1-51

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,134

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1920
  • Directions: Union St to Gillespie St. Property is on left.
  • Above Grade Finished Sq Ft: 2254.0
  • Architectural Style: Duplex-Over/Under
  • Lot Size Acres: 0.13
  • Lot Size: 35X154
  • New Construction: No
  • Parking Features Parking Total: 4.0
  • Possession Possession Legacy: Closing
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Rental Income Description: Actual
  • Income: 2300.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 2254.0
  • Full Basement: Yes

Exterior Features

  • Construction Type: Aluminum Siding, Wood Siding
  • Other Structures: Barn(s)
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Cable Available3: Yes
  • Unit 1 Amenities:High Speed Internet3: Yes
  • Unit 2 Amenities:Cable Available4: Yes
  • Unit 2 Amenities:High Speed Internet4: Yes
  • Unit 2 Amenities:Country Kitchen4: Yes
  • Unit 1 Amenities:Country Kitchen3: Yes

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Parcel #: 421500 39.74-1-51
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6134.0
  • Tax Block: 1
  • Tax Lot: 51
  • Tax Tract: 39.74

MLS Schools

  • Elementary School: Jessie T. Zoller
  • HighSchool: Schenectady

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jul 8, 2021
Sold by
Evans Mcgee Kimberly
Bought by
Waite Ian M
Seller's Agent
Brian Evans
Marcia Murray & Associates Realty LLC
Buyer's Agent
Elizabeth Foley-Vondell
Howard Hanna Capital Inc.
List Price
$220,000
Sold Price
$230,000
Premium/Discount to List
$10,000
4.55%
Total Days on Market
3
Current Estimated Value
$278,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,152
Avg. Annual Appreciation
5.09%
Original Mortgage
$235,290
Outstanding Balance
$215,967
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$62,520

Purchase Details

Closed on
May 9, 2002
Sold by
Evans D
Bought by
Mcgee Kimberly

Range of Values:

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Average Value
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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
Waite Ian M -- Chicago Title
Waite Ian M -- Chicago Title
Mcgee Kimberly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waite Ian M $235,290
Closed Waite Ian M $235,290
Previous Owner Mcgee Kimberly Evans $2,263
Previous Owner Mcgee Kimberly Evans $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $230,000 +4.5% $102 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $220,000 -- $98 / 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 $6,467 $111,400 $16,700 $94,700
2023 $6,467 $111,400 $16,700 $94,700
2022 $6,344 $111,400 $16,700 $94,700
2021 $6,243 $111,400 $16,700 $94,700
2020 $6,139 $111,400 $16,700 $94,700
2019 $3,831 $111,400 $16,700 $94,700
2018 $6,194 $111,400 $16,700 $94,700
2017 $5,287 $111,400 $16,700 $94,700
2016 $6,331 $111,400 $16,700 $94,700
2015 -- $111,400 $16,700 $94,700
2014 -- $111,400 $16,700 $94,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202115947

Global MLS

APN: 039-074-0001-051-000-0000