NOT LISTED FOR SALE

Estimated Value: $579,364

12 Beds
10 Baths
6,378 Sq Ft
$91/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $657,000 $103 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,964/month

62 Days on Market

Highlights

  • No HOA
  • Heating System Uses Natural Gas
  • 3-minute walk to Malta Community Park

About This Home

As of September 2022

6 unit mixed use investment property for sale! Great rental history at this property, right
on the main drag through Ballston Spa. Two commercial storefronts and 4 residential
apartments. One unit intentionally left vacant for showings, all other units are
occupied.

Last Agent to Sell the Property

Ryan Mortka

Coldwell Banker Prime Properties Listed on: 05/31/2022

Co-Listed By

Leah Witko

Realty One Group Key License #10401256547

Last Buyer's Agent

Tim Winslow

CYC Realty Management Inc License #10401311713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,709

Year Built

  • Built in 1955

Lot Details

  • 9,583

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 6,378 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Schools

  • Ballston Spa High School

Additional Features

  • 9,583 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 414201 216.24-2-38

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,709

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Year Built: 1955
  • Directions: 40 Pleasant St. Ballston Spa NY 12020
  • Above Grade Finished Sq Ft: 6378.0
  • Lot Size Acres: 0.22
  • New Construction: No
  • Parking Features Parking Total: 6.0
  • Sale Detail Buyer Zip Code: 12020
  • Sale Detail Seller Contribution: No
  • Co List Office Mls Id: o307J
  • Co List Office Phone: 518-785-9000
  • Levels Three Or More: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 6
  • Total Bedrooms: 12
  • Living Area: 6378.0
  • Full Basement: Yes
  • Basement:Partial: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Other, Flat, Built-Up
  • Construction Type: Block, Brick, Vinyl Siding
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Off Street
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 6.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Ballston Spa

Lot Info

  • Parcel #: 414201 216.24-2-38
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 8709.0

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • HighSchool: Ballston Spa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Sep 29, 2022
Sold by
Cooke Kim A
Bought by
Tk Property Management Llc
Seller's Agent
Ryan Mortka
Coldwell Banker Prime Properties
Buyer's Agent
Tim Winslow
CYC Realty Management Inc
List Price
$649,000
Sold Price
$657,000
Premium/Discount to List
$8,000
1.23%
Views
52
Current Estimated Value
$579,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,636
Avg. Annual Appreciation
-4.23%
Original Mortgage
$360,000
Outstanding Balance
$345,664
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$233,700
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
Tk Property Management Llc $657,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tk Property Management Llc $360,000
Closed Tk Property Mgmt Llc $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $657,000 +1.2% $103 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $649,000 0.0% $102 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $649,000 -- $102 / 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 $9,752 $394,200 $86,200 $308,000
2023 $11,313 $394,200 $86,200 $308,000
2022 $8,026 $275,000 $86,200 $188,800
2021 $7,917 $275,000 $86,200 $188,800
2020 $6,115 $198,000 $86,200 $111,800
2018 $2,112 $198,000 $86,200 $111,800
2017 $2,129 $198,000 $86,200 $111,800
2016 $5,619 $198,000 $86,200 $111,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202217569

Global MLS

APN: 414201-216-024-0002-038-000-0000