NOT LISTED FOR SALE

1496-1498 Third St Rensselaer, NY 12144

Estimated Value: $402,006

1 Bed
1 Bath
4,614 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $253,850 $55 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,574/month

101 Days on Market

Highlights

  • Senior Community
  • No HOA
  • 4-minute walk to Tracy Street Park
  • Corner Lot
  • Baseboard Heating

About This Home

As of July 2019

Outstanding 4 plex perfect for both investment or owner-occupant. Rare multifamily opportunity! Spacious modern units most definitely under-rented. Corner lot offers large parking lot and fenced side yard for residents' enjoyment. Full basement and first floor maintenance room saves on costs and makes management easy. Excellent Condition

Last Agent to Sell the Property

Todd Drake

Empire Real Estate Managment LLC License #49DR0967524 Listed on: 12/08/2018

Last Buyer's Agent

Christina Hennessy

Heartland Home Properties, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,686

Year Built

  • Built in 1830

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 4,614 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • Senior Community
  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for trash collection, parking fee
  • Legal Lot and Block 1 / 6
  • Assessor Parcel Number 381400 144.22-6-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,686

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1830
  • Directions: Corner of Third Street & Fowler Ave
  • Above Grade Finished Sq Ft: 4614.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.17
  • Lot Size: 1
  • Parking Features Parking Total: 8.0
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Water Sewer Expense Description: Actual
  • Number of Refrigerators: 4
  • Unit Information Number Of Stoves: 4
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 4614.0
  • Owner Pays: Trash Collection, Parking Fee
  • Full Basement: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick, Vinyl Siding
  • Waterfront: No
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Unit 1 Owner Furnish Features:Parking2: Yes
  • Unit 2 Owner Furnish Features:Parking3: Yes
  • Owner Pays:Parking Fee2: Yes
  • Unit 3 Owner Furnish Features:Parking4: Yes
  • Unit 4 Owner Furnish Features:Parking5: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: 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: Rensselaer

Lot Info

  • Lot Features: Corner Lot
  • Parcel #: 381400 144.22-6-1
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6686.0
  • Tax Block: 6
  • Tax Lot: 1
  • Tax Tract: 144.22

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2018
Closed on
Jul 11, 2019
Sold by
Spiegel Tyler S
Bought by
Smith Austin A
Seller's Agent
Todd Drake
Empire Real Estate Managment LLC
Buyer's Agent
Christina Hennessy
Heartland Home Properties, LLC
List Price
$269,900
Sold Price
$253,850
Premium/Discount to List
-$16,050
-5.95%
Current Estimated Value
$402,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,156
Avg. Annual Appreciation
7.51%

Purchase Details

Listed on
Sep 24, 2013
Closed on
Dec 30, 2013
Sold by
Lourinia Louis
Bought by
Spiegel Tyler
Seller's Agent
Richard Ferro
Berkshire Hathaway Home Services Blake
Buyer's Agent
Jacquelyn Witbeck
Coldwell Banker Prime Properties
List Price
$255,000
Sold Price
$225,000
Premium/Discount to List
-$30,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%
Original Mortgage
$220,924
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 2001
Sold by
Lourinia Louis J
Bought by
Lourinia Louis J
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
Smith Austin A $253,850 Westcor Land Title
Smith Austin A $253,850 Westcor Land Title
Smith Austin A $253,850 Westcor Land Title
Spiegel Tyler $225,000 Rebecca Borden
Lourinia Louis -- --
Spiegel Tyler $225,000 Rebecca Borden
Lourinia Louis J -- Edward M Sossner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spiegel Tyler $220,924
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Sold $253,850 0.0% $55 / Sq Ft
03/22/2019 03/22/19 Rented $825 0.0% --
03/18/2019 03/18/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $259,900 0.0% $56 / Sq Ft
01/25/2019 01/25/19 For Rent $875 0.0% --
12/07/2018 12/07/18 For Sale $269,900 +20.0% $58 / Sq Ft
11/30/2013 11/30/13 Sold $225,000 -11.8% $49 / Sq Ft
10/09/2013 10/09/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $255,000 -- $55 / 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 $5,279 $45,500 $3,400 $42,100
2023 $4,387 $45,500 $3,400 $42,100
2022 $4,293 $45,500 $3,400 $42,100
2021 $1,491 $45,500 $3,400 $42,100
2020 $4,024 $45,500 $3,400 $42,100
2019 $3,908 $45,500 $3,400 $42,100
2018 $3,908 $45,500 $3,400 $42,100
2017 $3,614 $45,500 $3,400 $42,100
2016 $3,906 $45,500 $3,400 $42,100
2015 -- $45,500 $3,400 $42,100
2014 -- $45,500 $3,400 $42,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201834429

Global MLS

APN: 1400-144.22-6-1