NOT LISTED FOR SALE

118 S Lake Ave Albany, NY 12208

Park South Neighborhood

Estimated Value: $387,000 - $411,000

4 Beds
3 Baths
4,546 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $410,000 $90 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,746/month

Highlights

  • Active Adult
  • 2 Car Detached Garage
  • Heating System Uses Natural Gas
  • No HOA
  • Wood Siding
  • 3-minute walk to Duffy Park

About This Home

As of October 2020

SOLD BEFORE PRINT - 6 Units total.

Last Agent to Sell the Property

Shane Mahar

Madison Park Real Estate License #10491207239 Listed on: 10/20/2020

Last Buyer's Agent

Vanessa Saari

Monticello License #10401261578

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,126

Year Built

  • Built in 1880

Lot Details

  • 5,445

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Wood Siding
  • Asphalt

Interior Spaces

  • 4,546 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • Active Adult
  • No Home Owners Association
  • 6 Units

Listing and Financial Details

  • Legal Lot and Block 43 / 4
  • Assessor Parcel Number 010100 65.77-4-43

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,126

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1880
  • Directions: S Lake adjacent to Albany Med
  • Above Grade Finished Sq Ft: 4546.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size: .26acres
  • Parking Features Parking Total: 10.0
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 2
  • Number of Separate Water Meters: 2
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 6
  • Unit Information Number Of Stoves: 6
  • Unit Information Number Of Washers: 1
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 4546.0
  • Full Basement: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • Attached Garage: No
  • Total Parking Spaces: 10.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Radiant, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: 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: Albany

Lot Info

  • Parcel #: 010100 65.77-4-43

Tax Info

  • Tax Annual Amount: 13126.0
  • Tax Block: 4
  • Tax Lot: 43

Multi Family

  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2021
Sold by
Safinaz Rahman
Bought by
Peace Realty 2 Llc
Current Estimated Value
$397,667

Purchase Details

Listed on
Oct 20, 2020
Closed on
Oct 13, 2020
Sold by
Bmg Development Llc
Bought by
Rahman Safinaz and Husain Syed Iman
Seller's Agent
Shane Mahar
Madison Park Real Estate
Buyer's Agent
Vanessa Saari
Monticello
List Price
$430,000
Sold Price
$410,000
Premium/Discount to List
-$20,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%
Original Mortgage
$168,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2018
Sold by
Estate Property Group Llc
Bought by
Bmg Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,714
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2017
Sold by
Mascali Robert P
Bought by
Estate Property Group Llc

Purchase Details

Closed on
Jun 7, 2008
Sold by
Mcmullen Adam
Bought by
120 So Lake Inc

Purchase Details

Closed on
Feb 8, 2005
Sold by
Mcmullen Adam
Bought by
Mcmullen Adam
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Peace Realty 2 Llc -- None Listed On Document
Rahman Safinaz $225,000 Broadway Abstract
Bmg Development Llc $150,000 None Available
Estate Property Group Llc $82,700 None Available
120 So Lake Inc -- --
120 So Lake Inc -- None Available
Mcmullen Adam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rahman Safinaz $168,750
Previous Owner Bmg Development Llc $174,714
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $410,000 -4.7% $90 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $430,000 -- $95 / 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 $7,931 $267,600 $48,800 $218,800
2023 $7,168 $175,000 $35,000 $140,000
2022 $7,015 $175,000 $35,000 $140,000
2021 $7,000 $175,000 $35,000 $140,000
2020 $7,014 $175,000 $35,000 $140,000
2019 $6,638 $175,000 $35,000 $140,000
2018 $7,233 $175,000 $35,000 $140,000
2017 $3,261 $175,000 $35,000 $140,000
2016 $7,175 $175,000 $35,000 $140,000
2015 $6,137 $165,000 $35,200 $129,800
2014 -- $165,000 $35,200 $129,800
Source: Public Records

Agents Affiliated with this Home

  • Shane Mahar

    Seller's Agent in 2020

    Shane Mahar

    Madison Park Real Estate

    (518) 281-0815

    2 in this area

    43 Total Sales

    Shane Mahar
    Section Image

  • V

    Buyer's Agent in 2020

    Vanessa Saari

    Monticello

See All Agents

Map

Source: Global MLS

MLS Number: 202031181

Global MLS

APN: 010100-065-077-0004-043-000-0000

New York Albany County Albany 12208 Park South

118 S Lake Ave, Albany, NY

Not Listed for Sale

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.



Local REALTOR® - Todd Siegel, Broker - (888)-952-6393

Nearby Homes