NOT LISTED FOR SALE

122 Spring St Albany, NY 12203

Central Avenue Neighborhood

Estimated Value: $274,171 - $609,000

4 Beds
3 Baths
2,310 Sq Ft
$184/Sq Ft Est. Value

Last Sold November 25, 2016

Last sale price $164,000 $71 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $2,743/month

64 Days on Market

Highlights

  • Active Adult
  • 2 Car Detached Garage
  • Hot Water Heating System
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Level Lot

About This Home

As of November 2016

Excellent opportunity to purchase a great income producing property--17K NET OPERATING INCOME--see attached Pro Forma. Always rented with a very large upstairs unit, with hardwood throughout and two excellent studio apartments on the 1st floor. All separate utilities. Updated mechanicals, newer roof and vinyl replacement windows. Large garage with potential to add additional rental income. Conveniently located and within walking distance to the College of St Rose and Washington Park. Very Good Condition

Last Agent to Sell the Property

Jason Young

Miranda Real Estate Group Inc Listed on: 08/02/2016

Last Buyer's Agent

David Phaff

Howard Hanna Capital Inc License #30PH0944178

Howard Hanna Capital Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,379

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 42x60
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,310 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • Active Adult
  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • The owner pays for parking fee, garage fees
  • Legal Lot and Block 29 / 3
  • Assessor Parcel Number 010100 65.62-3-29

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,379

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1928
  • Directions: Washington Avenue east to right on Quail. 1st left on Spring
  • Above Grade Finished Sq Ft: 2310.0
  • Financial Details General Taxes: 1724.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 2655.0
  • School Taxes Description: Estimated
  • Lot Size: 42x60
  • Parking Features Parking Total: 2.0
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Water Sewer Expense Description: Actual
  • Income: 29400.0
  • Income Description: Actual
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Unit Information Number Of Washers: 1
  • Structure Type: Triplex
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 2310.0
  • Owner Pays: Parking Fee, Garage Fees
  • Full Basement: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Detached
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Detached: Yes
  • Owner Pays:Parking Fee2: Yes
  • Owner Pays:Garage Fees2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Hot Water: 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

  • Lot Features: Level
  • Parcel #: 010100 65.62-3-29

Tax Info

  • Tax Annual Amount: 4379.0
  • Tax Block: 3
  • Tax Lot: 29
  • Tax Tract: 65.62

Multi Family

  • Income And Expenses Other Income: 0
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2016
Closed on
Dec 22, 2016
Sold by
Adams Zachary N
Bought by
Shipherd Samantha and Shipherd Jp
Seller's Agent
Jason Young
Miranda Real Estate Group Inc
Buyer's Agent
David Phaff
Howard Hanna Capital Inc
List Price
$180,000
Sold Price
$164,000
Premium/Discount to List
-$16,000
-8.89%
Current Estimated Value
$425,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,057
Avg. Annual Appreciation
14.23%
Original Mortgage
$123,000
Outstanding Balance
$61,765
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$470,084

Purchase Details

Closed on
Apr 12, 2006
Sold by
Gamello Samuel
Bought by
Adams Zachary N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,573
Interest Rate
6.42%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2006
Sold by
Tangredi Christina L
Bought by
Gamello Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,573
Interest Rate
6.42%
Mortgage Type
FHA
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
Shipherd Samantha $164,000 None Available
Adams Zachary N $182,000 --
Adams Zachary N $182,000 None Available
Gamello Samuel $102,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shipherd Samantha $123,000
Previous Owner Adams Zachary N $180,573
Previous Owner Gamello Samuel $91,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2016 11/25/16 Sold $164,000 -3.5% $71 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/20/2016 09/20/16 Price Changed $170,000 -2.9% $74 / Sq Ft
08/26/2016 08/26/16 Price Changed $175,000 -2.8% $76 / Sq Ft
08/02/2016 08/02/16 For Sale $180,000 -- $78 / 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 $5,873 $233,000 $46,600 $186,400
2023 $5,276 $127,000 $25,400 $101,600
2022 $5,165 $127,000 $25,400 $101,600
2021 $5,154 $127,000 $25,400 $101,600
2020 $4,818 $127,000 $25,400 $101,600
2019 $5,000 $127,000 $25,400 $101,600
2018 $4,830 $127,000 $25,400 $101,600
2017 $1,844 $127,000 $25,400 $101,600
2016 $4,684 $127,000 $25,400 $101,600
2015 $4,394 $119,400 $16,900 $102,500
2014 -- $119,400 $16,900 $102,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Young

    Miranda Real Estate Group Inc

  • David Phaff

    Buyer's Agent in 2016

    David Phaff

    Howard Hanna Capital Inc

    (518) 469-8984

    1 in this area

    59 Total Sales

    David Phaff
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Map

Source: Global MLS

MLS Number: 201616086

Global MLS

APN: 010100-065-062-0003-029-000-0000

New York Albany County Albany 12203 Central Avenue

122 Spring St, Albany, NY

This home is located at 122 Spring St, Albany, NY 12203 since 02 August 2016 and is currently estimated at $425,057, approximately $184 per square foot. This property was built in 1928. 122 Spring St is a home located in Albany County with nearby schools including Stephen And Harriet Myers Middle School, Roots Academy at West Hill, and Albany 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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