NOT LISTED FOR SALE

Estimated Value: $240,085

4 Beds
3 Baths
3,180 Sq Ft
$75/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $245,000 $77 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,770/month

160 Days on Market

Highlights

  • Downtown View
  • Wood Flooring
  • No HOA
  • Federal Architecture
  • Stone Countertops
  • 3-minute walk to Grafton Lakes State Park

About This Home

As of July 2024

Attention Investors! This outstanding location offers a versatile 3-unit (Mixed Use), ALL-BRICK multi-family property! Just steps away from Dinosaur BBQ, Uncle Sam's Atrium, and a vibrant downtown scene with the Troy Hudson River Walk nearby. The first floor boasts a mixed-use storefront - perfect for a potential retail business or additional rental income. The upper floors feature two, remodeled 2-bedroom, 1-bathroom residential apartment units, currently vacant for easy showings and immediate income generation. Estimated gross monthly rent roll of $3,800! Don't miss this fantastic opportunity to add a lucrative property to your portfolio. See MLS Docs

Last Agent to Sell the Property

Rich Carr

Carr Real Estate Group, LLC License #10491207486 Listed on: 03/21/2024

Last Buyer's Agent

Steve Davis

Realty Resource Connection License #37DA0833034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,248

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 25.3 x 44.5
  • Property fronts a private road

Home Design

  • Triplex
  • Federal Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 3,180 Sq Ft Home
  • 3-Story Property
  • Paddle Fans
  • Wood Burning Fireplace
  • Double Pane Windows
  • Downtown Views
  • Stone Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Ceramic Tile in Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Rear Porch

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Single-Phase Power
  • Three-Phase Power
  • 100 Amp Service
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Insurance Expense $1,600

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, cable TV, electricity, gas
  • The owner pays for trash collection, sewer, management, snow removal, water
  • Legal Lot and Block 3 / 101
  • Assessor Parcel Number 101.37-2-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,248

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Triplex
  • Zoning: Mixed
  • Year Built: 1910
  • Directions: From Federal Street go Right on King St. (heading north) 3 story brick building on the left side of King Street.
  • Above Grade Finished Sq Ft: 3180.0
  • Architectural Style: Triplex
  • Financial Details General Taxes: 2673.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 2574.0
  • School Taxes Description: Actual
  • Lot Size Acres: 0.02
  • Lot Size: 25.3 X 44.5
  • New Construction: No
  • Sale Detail Buyer Zip Code: 12061
  • Sale Detail Seller Contribution: Yes
  • Water Body Name: Hudson River
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Estimated
  • Rental Income: 4000.0
  • Rental Income Description: Estimated
  • Income: 48000.0
  • Income Description: Yearly
  • Number of Refrigerators: 2
  • Unit Information Number Of Stoves: 2
  • Flooring:Hardwood: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Wood: Yes
  • Laundry Features:Laundry Closet: Yes
  • Electric:Circuit Breakers: Yes
  • View:Downtown: Yes
  • Electric:Single Phase: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Foundation Details:BrickMortar: Yes
  • Architectural Style:Federal: Yes
  • Levels Three Or More: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood, Ceramic Tile, Hardwood
  • Basement: Full, Interior Entry, Unfinished
  • Interior Amenities: Solid Surface Counters, Paddle Fan, Walk-In Closet(s), Ceramic Tile Bath
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Bedroom
  • Fireplaces: 1
  • Living Area: 3180.0
  • Other Equipment: None
  • Window Features: Double Pane Windows
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Owner Pays: Trash Collection, Sewer, Management, Snow Removal, Water
  • Fireplace: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Paddle Fan: Yes
  • Full Basement: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Attic Features:Hatch: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Solid Surface Counters: Yes
  • Basement:Unfinished: Yes
  • Attic Features:Eaves: Yes
  • Fireplace Features:Bedroom: Yes
  • Interior Features:Stone Countertops: Yes
  • Interior Features:Open Floorplan: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Flat, Rubber
  • Construction Type: Brick
  • Fencing: None
  • Foundation Details: Brick/Mortar
  • Other Structures: None
  • Patio And Porch Features: Pressure Treated Deck, Rear Porch
  • View: City, Downtown
  • Waterfront: No
  • Property Condition: Updated/Remodeled
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Road Frontage: Yes
  • Lot Features:Views: Yes
  • Patio And Porch Features:Pressure Treated Deck: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Window Features:Double Pane Windows2: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Open Parking: No
  • Property Detail:Parking YN: No
  • Parking Features:None11: Yes

Utilities

  • Utilities: Cable Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Single Phase, 100 Amp Service, Circuit Breakers
  • Heating: Baseboard, Electric, Hot Water, Space Heater, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Ceramic Tile2: Yes
  • 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 3 Amenities:High Speed Internet5: Yes
  • Unit 2 Amenities:Ceramic Tile3: Yes
  • Unit 3 Amenities:Cable Available5: Yes
  • Unit 3 Amenities:Ceramic Tile4: Yes

Fee Information

  • Annual Water Sewer Expense: 1600.0

Schools

  • Junior High Dist: Troy

Lot Info

  • Land Lease: No
  • Lot Features: Road Frontage, Views
  • Parcel #: 101.37-2-3
  • Lot Size Sq Ft: 871.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 1600.0

Tax Info

  • Tax Annual Amount: 5248.0
  • Tax Block: 101
  • Tax Lot: 3
  • Tax Tract: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jul 24, 2024
Sold by
151 Hoosick Street Llc
Bought by
385 Madison Ave Llc
Seller's Agent
Rich Carr
Carr Real Estate Group, LLC
Buyer's Agent
Steve Davis
Realty Resource Connection
List Price
$279,900
Sold Price
$245,000
Premium/Discount to List
-$34,900
-12.47%
Views
85
Current Estimated Value
$240,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,915
Avg. Annual Appreciation
-2.01%
Original Mortgage
$227,500
Outstanding Balance
$225,938
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$14,147

Purchase Details

Closed on
May 8, 2023
Sold by
Troy King St Llc
Bought by
151 Hoosick St Llc

Purchase Details

Listed on
Apr 14, 2021
Closed on
Aug 4, 2021
Sold by
Golas Joseph T and Golas Kimberly L
Bought by
Troy King St Llc
Seller's Agent
John DiBlasi
Exit Realty Empire Associates
Buyer's Agent
Joseph Policastri
Howard Hanna
List Price
$275,000
Sold Price
$235,000
Premium/Discount to List
-$40,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.54%

Purchase Details

Closed on
Dec 8, 2005
Sold by
Comtois Peter
Bought by
Golas Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.17%
Mortgage Type
Commercial
Source: Public Records

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
385 Madison Ave Llc $245,000 None Available
385 Madison Ave Llc $245,000 None Available
151 Hoosick St Llc $300,000 Old Republic Title
151 Hoosick St Llc $300,000 Old Republic Title
Troy King St Llc $235,000 None Available
Golas Joseph -- Edward Haddad
Golas Joseph -- Edward Haddad
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 385 Madison Ave Llc $227,500
Closed 385 Madison Ave Llc $227,500
Previous Owner Golas Joseph T $30,000
Previous Owner Golas Joseph T $25,000
Previous Owner Golas Joseph $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $245,000 -1.8% $77 / Sq Ft
05/05/2024 05/05/24 Pending -- -- --
05/03/2024 05/03/24 Price Changed $249,500 -3.9% $78 / Sq Ft
04/24/2024 04/24/24 Price Changed $259,500 -2.4% $82 / Sq Ft
04/05/2024 04/05/24 Price Changed $265,900 -3.6% $84 / Sq Ft
03/30/2024 03/30/24 Price Changed $275,900 -1.4% $87 / Sq Ft
03/21/2024 03/21/24 Price Changed $279,900 0.0% $88 / Sq Ft
03/21/2024 03/21/24 For Sale $279,900 0.0% $88 / Sq Ft
03/21/2024 03/21/24 Price Changed $280,000 0.0% $88 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $280,000 -3.4% $88 / Sq Ft
02/26/2024 02/26/24 Price Changed $289,900 -3.3% $91 / Sq Ft
02/13/2024 02/13/24 For Sale $299,900 0.0% $94 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/02/2024 01/02/24 Price Changed $299,900 -9.1% $94 / Sq Ft
12/27/2023 12/27/23 Price Changed $329,900 -1.5% $104 / Sq Ft
12/19/2023 12/19/23 Price Changed $334,900 -1.5% $105 / Sq Ft
12/14/2023 12/14/23 Price Changed $339,900 -2.9% $107 / Sq Ft
12/06/2023 12/06/23 Price Changed $349,900 -6.7% $110 / Sq Ft
11/27/2023 11/27/23 For Sale $374,900 +59.5% $118 / Sq Ft
08/04/2021 08/04/21 Sold $235,000 -14.5% $74 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $275,000 0.0% $86 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $275,000 -- $86 / 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 $5,309 $115,000 $3,500 $111,500
2023 $5,310 $115,000 $3,500 $111,500
2022 $5,686 $115,000 $3,500 $111,500
2021 $1,786 $115,000 $3,500 $111,500
2020 $2,648 $115,000 $3,500 $111,500
2019 $5,305 $115,000 $3,500 $111,500
2018 $5,305 $115,000 $3,500 $111,500
2017 $3,744 $115,000 $3,500 $111,500
2016 $5,260 $115,000 $3,500 $111,500
2015 -- $115,000 $3,500 $111,500
2014 -- $115,000 $3,500 $111,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202328783

Global MLS

APN: 1700-101.37-2-3