NOT LISTED FOR SALE

12 S Lake Ave Albany, NY 12203

Estimated Value: $330,908 - $416,000

10 Beds
2 Baths
3,500 Sq Ft
$108/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $392,500 $112 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,779/month

71 Days on Market

Highlights

  • Finished Attic
  • Bathroom on Main Level
  • Baseboard Heating
  • No HOA

About This Home

As of February 2024

Beautiful renovated & maintained duplex. Each unit is 5 bed/ 1 bath. Unit 1 rented for $2,500/ month. Unit 2 is currently vacant. Perfect investment/ student rental or owner occupant. In-unit washer-dryer. Separate energy efficient utilities. Brand new windows.

Last Agent to Sell the Property

John Alund

Lincoln House Realty License #10491208073 Listed on: 10/29/2023

Last Buyer's Agent

Steve Davis

Realty Resource Connection License #37DA0833034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,976

Year Built

  • Built in 1850

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Finished Attic
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Schools

  • Albany High School

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 65.17-2-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,976

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1850
  • Directions: Madison Avenue to South Lake Avenue.
  • Above Grade Finished Sq Ft: 3500.0
  • Architectural Style: Duplex
  • Lot Size Acres: 0.13
  • Sale Detail Seller Contribution: No
  • Architectural Style:Duplex: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 10
  • Living Area: 3500.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Attic Features:Finished2: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Brick
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Open Parking: No
  • Property Detail:Parking YN: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 65.17-2-5
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10976.0

MLS Schools

  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2024
Sold by
Sarazin Erwin
Bought by
Sure Foundation Real Estate Llc
Current Estimated Value
$378,727

Purchase Details

Listed on
Oct 29, 2023
Closed on
Feb 29, 2024
Sold by
12 South Lake Owner Llc
Bought by
Sarazin Erwin
Seller's Agent
John Alund
Lincoln House Realty
Buyer's Agent
Steve Davis
Realty Resource Connection
List Price
$449,900
Sold Price
$392,500
Premium/Discount to List
-$57,400
-12.76%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.10%
Original Mortgage
$316,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2021
Sold by
12 S Lake Llc
Bought by
12 South Lake Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2016
Sold by
Chiou Development Group Llc
Bought by
12 S Lake Llc

Purchase Details

Closed on
Nov 18, 2015
Sold by
Hudson Valley Renewal Llc
Bought by
Chiou Development Group Llc

Purchase Details

Closed on
Sep 11, 2014
Sold by
Albany Damien Center Inc
Bought by
Hudson Valley Renewal Llc

Purchase Details

Closed on
Sep 17, 1998
Sold by
Family And Children Serv Of Al
Bought by
The Albany Damien Center Inc
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
Sure Foundation Real Estate Llc -- None Listed On Document
Sarazin Erwin $1,150,000 Marathon Title
12 South Lake Owner Llc $350,000 None Available
12 S Lake Llc $100,000 None Available
Chiou Development Group Llc $100,000 Chicago Title Ins Co
Hudson Valley Renewal Llc $25,000 None Available
The Albany Damien Center Inc $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarazin Erwin $316,000
Previous Owner 12 South Lake Owner Llc $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2024 02/20/24 Sold $392,500 -7.6% $112 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
10/29/2023 10/29/23 Price Changed $424,900 -5.6% $121 / Sq Ft
10/29/2023 10/29/23 For Sale $449,900 -- $129 / 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 $9,546 $367,000 $73,400 $293,600
2023 $9,049 $225,000 $39,100 $185,900
2022 $8,852 $225,000 $39,100 $185,900
2021 $8,832 $225,000 $39,100 $185,900
2020 $8,899 $225,000 $39,100 $185,900
2019 $8,858 $225,000 $39,100 $185,900
2018 $8,741 $225,000 $39,100 $185,900
2017 $1,342 $225,000 $39,100 $185,900
2016 $2,213 $225,000 $39,100 $185,900
2015 $1,856 $60,000 $29,900 $30,100
2014 -- $60,000 $29,900 $30,100
Source: Public Records

Agents Affiliated with this Home

  • John Alund

    Seller's Agent in 2024

    John Alund

    Lincoln House Realty

    (518) 469-6238

    69 Total Sales

    John Alund
    Section Image
  • Steve Davis

    Buyer's Agent in 2024

    Steve Davis

    Realty Resource Connection

    (518) 577-1319

    39 Total Sales

    Steve Davis
    Section Image
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Map

Source: Global MLS

MLS Number: 202327402

Global MLS

APN: 010100-065-017-0002-005-000-0000

New York Albany County Albany 12203

12 S Lake Ave, Albany, NY

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