NOT LISTED FOR SALE

1103 Palmer Ave Schenectady, NY 12309

Estimated Value: $251,000 - $283,384

5 Beds
2 Baths
2,040 Sq Ft
$134/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $184,500 $90 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,209/month

19 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • Hillside School Rated A
  • 2 Car Detached Garage
  • Screened Patio

About This Home

As of September 2021

Great buy. Positive cash flow. large finished attic,, large corner lot, close to bus line, separate laundry for each floors, separate electric service and newly updated. Extra income with 2 car garage. Award Winning Niskayuna Schools. Very Good Condition

Last Agent to Sell the Property

Garry Packer

The Property Shop Listed on: 06/26/2021

Last Buyer's Agent

Deborah Hoelzli

Carrow Real Estate Services LLC License #10301215740

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,559

Year Built

  • Built in 1898

Lot Details

  • Lot Dimensions are 40 x 160
  • Privacy Fence
  • Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Slate Roof
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • Partially Finished Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 43 / 2
  • Assessor Parcel Number 422400 50.6-2-43

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,559

Year Built

Built in 1898

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Single Residence
  • Year Built: 1898
  • Directions: West on Union, Right on Palmer Ave.
  • Above Grade Finished Sq Ft: 2040.0
  • Architectural Style: Duplex-Over/Under
  • Financial Details General Taxes: 2781.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 2777.0
  • School Taxes Description: Actual
  • Lot Size: 40 x 160
  • New Construction: No
  • Parking Features Parking Total: 6.0
  • Possession Possession Legacy: month to month
  • Sale Detail Seller Contribution: Yes
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Tenant
  • Insurance Expense Description: Tenant
  • Other Income Description: Actual
  • Rental Income Description: Actual
  • Income: 21780.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Hardwood
  • Basement: Full
  • Total Bedrooms: 5
  • Living Area: 2040.0
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Partially Finished: Yes
  • Attic Features:Expansion: Yes

Exterior Features

  • Roof: Slate, Metal
  • Construction Type: Aluminum Siding, Vinyl Siding
  • Fencing: Privacy, Fenced
  • Patio And Porch Features: Screened, Porch
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Radiant, Natural Gas
  • Laundry Features: In Basement
  • Water Source: Public
  • Cooling Y N: Yes
  • 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:Built-in Features4: Yes
  • Unit 2 Amenities:Built-in Features5: Yes
  • Unit 2 Amenities:Ceramic Tile3: Yes

Schools

  • Junior High Dist: Niskayuna

Lot Info

  • Lot Features: Level
  • Parcel #: 422400 50.6-2-43

Tax Info

  • Tax Annual Amount: 5559.0
  • Tax Block: 2
  • Tax Lot: 43
  • Tax Tract: 50.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Sep 23, 2021
Sold by
Gary J Lam Revocable Trust and Lam Gary J
Bought by
Alexander Joshua S and Alexander Jungwha J
Seller's Agent
Garry Packer
The Property Shop
Buyer's Agent
Deborah Hoelzli
Carrow Real Estate Services LLC
List Price
$199,777
Sold Price
$184,500
Premium/Discount to List
-$15,277
-7.65%
Total Days on Market
19
Current Estimated Value
$272,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,096
Avg. Annual Appreciation
11.13%
Original Mortgage
$149,600
Outstanding Balance
$137,893
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$134,703
Source: Public Records

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Range of Values:

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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
Alexander Joshua S $187,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Joshua S $149,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $184,500 +2.6% $90 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/07/2021 07/07/21 Price Changed $179,777 -10.0% $88 / Sq Ft
06/25/2021 06/25/21 For Sale $199,777 -- $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 $8,144 $175,000 $30,000 $145,000
2023 $8,144 $175,000 $30,000 $145,000
2022 $6,433 $140,000 $30,000 $110,000
2021 $6,177 $140,000 $30,000 $110,000
2020 $5,593 $140,000 $30,000 $110,000
2019 $5,505 $140,000 $30,000 $110,000
2018 $5,505 $140,000 $30,000 $110,000
2017 $5,455 $140,000 $30,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202122141

Global MLS

APN: 050-006-0002-043-000-0000