NOT LISTED FOR SALE

1576 Foster Ave Schenectady, NY 12308

Estimated Value: $249,000 - $298,000

7 Beds
3 Baths
2,875 Sq Ft
$96/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $227,500 $79 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,023/month

122 Days on Market

Highlights

  • City View
  • Full Attic
  • Enclosed Glass Porch
  • Wood Flooring
  • No HOA
  • Bathroom on Main Level

About This Home

As of February 2023

A wonderful 3-unit property - available at an appealing price. This great value to an investor or to a homeowner who might desire having up to two additional, move in ready - apartments ready to rent is a win/win. One unit, has a quality tenant in place at this property. The two larger apartments within this property are modern, clean, and well maintained. The third unit at the rear of the property - is a first floor - one-bedroom, move in ready opportunity too.
Another genuinely nice feature of this property as currently configured is the off street parking created via the cement driveway & the adjoining; city owned - crushed stone covered lot. Off street Parking, Parking, & Parking can often be a valuable key towards property enjoyment & tenant retention.

Last Agent to Sell the Property

Thomas Petricca

Coldwell Banker Prime Properties Listed on: 08/30/2022

Co-Listed By

The Bonnie Sindel Team

Coldwell Banker Prime Properties

Last Buyer's Agent

Justin Essaff

Howard Hanna Capital Inc License #10401354800

Howard Hanna Capital Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,787

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x111
  • Level Lot

Home Design

  • Stone Foundation
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2,875 Sq Ft Home
  • 2-Story Property
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathroom on Main Level
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Glass Porch

Schools

  • Schenectady High School

Utilities

  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Heating System Uses Steam
  • 100 Amp Service
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for hot water, snow removal, cable TV, electricity, gas
  • Legal Lot and Block 75.000 / 3
  • Assessor Parcel Number 421500 39.50-3-75

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,787

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Multi Residence
  • Year Built: 1900
  • Directions: This home pings clearly via GPS/Mapping Systems. Or - in Schenectady - from Erie Blvd - to round-about - then Nott St and about a mile up the road - take a left on Foster Ave - 1576 will be on your right. There is an empty lot to the left of the 1576 Foster, currently allowing for overflow parking beyond the driveway (to the left-hand side).
  • Above Grade Finished Sq Ft: 2875.0
  • Financial Details General Taxes: 3235.66
  • General Taxes Description: Actual
  • Financial Details School Taxes: 1563.01
  • School Taxes Description: Actual
  • Financial Details Tax Assessed Value: 76800.0
  • Lot Size Acres: 0.08
  • Lot Size: 30x111
  • New Construction: No
  • Parking Features Parking Total: 3.0
  • Sale Detail Buyer Zip Code: 11735
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Rental Income: 31980.0
  • Rental Income Description: Yearly
  • Co List Office Mls Id: o307E
  • Co List Office Phone: 518-370-2100
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Wood: Yes
  • Flooring:Vinyl: Yes
  • Foundation Details:Stone4: Yes
  • Electric:Circuit Breakers: Yes
  • Levels Two: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Vinyl, Tile, Wood, Carpet, Hardwood
  • Basement: Full, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Living Area: 2875.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 2nd
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Windows: Yes
  • Basement:Unfinished: Yes
  • Attic Features:Full2: 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

Exterior Features

  • Exterior Features: None
  • Roof: Slate
  • Construction Type: Vinyl Siding
  • Foundation Details: Stone
  • Other Structures: Other
  • Patio And Porch Features: Enclosed
  • View: City
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Enclosed: Yes

Garage/Parking

  • Parking Features: Off Street, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 3.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Unit 1 Owner Furnish Features:Parking2: Yes
  • Unit 2 Owner Furnish Features:Parking3: Yes
  • Unit 3 Owner Furnish Features:Parking4: Yes

Utilities

  • Utilities: Cable Connected
  • Sewer: Public Sewer
  • Electric: 100 Amp Service, Circuit Breakers
  • Heating: Electric, Steam, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Electric: Yes
  • Heating:Steam: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Lot Features: Level
  • Parcel #: 421500 39.50-3-75
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Snow Removal, Cable TV, Electricity, Gas

Tax Info

  • Tax Annual Amount: 4786.67
  • Tax Block: 3
  • Tax Lot: 75.000
  • Tax Tract: 39.50

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • HighSchool: Schenectady

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Feb 21, 2023
Sold by
Divietro Paul J and Divietro Linda
Bought by
David Singh Enterprises Llc
Seller's Agent
Thomas Petricca
Coldwell Banker Prime Properties
Buyer's Agent
Justin Essaff
Howard Hanna Capital Inc
List Price
$235,000
Sold Price
$227,500
Premium/Discount to List
-$7,500
-3.19%
Views
185
Current Estimated Value
$277,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,625
Avg. Annual Appreciation
8.05%
Original Mortgage
$170,625
Outstanding Balance
$166,855
Interest Rate
7.83%
Mortgage Type
New Conventional
Estimated Equity
$110,270

Purchase Details

Closed on
Apr 25, 2009
Sold by
Delrosario Noel and Delrosario Heather
Bought by
Divietro Paul J and Divietro Linda

Purchase Details

Closed on
May 15, 2007
Sold by
Avakian Harry
Bought by
Delrosario Noel

Purchase Details

Closed on
May 14, 2007
Sold by
Willie Jonas E
Bought by
Avakian Harry

Purchase Details

Closed on
Mar 3, 2000
Sold by
Futures Home Management
Bought by
Willie Jonas E

Purchase Details

Closed on
Apr 20, 1999

Purchase Details

Closed on
Sep 30, 1998
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
David Singh Enterprises Llc $227,500 --
Divietro Paul J $45,000 None Available
Delrosario Noel $75,900 David S Carroll
Avakian Harry $43,000 Joseph Zappone
Willie Jonas E $60,000 Frank Putorti
-- $14,900 --
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Singh Enterprises Llc $170,625
Closed David Singh Enterprises Llc $170,625
Previous Owner Divietro Paul J $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $227,500 -3.2% $79 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $235,000 -- $82 / 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 $6,295 $135,000 $10,800 $124,200
2023 $6,295 $76,800 $10,800 $66,000
2022 $4,887 $76,800 $10,800 $66,000
2021 $4,799 $76,800 $10,800 $66,000
2020 $4,687 $76,800 $10,800 $66,000
2019 $3,095 $76,800 $10,800 $66,000
2018 $4,725 $76,800 $10,800 $66,000
2017 $4,008 $76,800 $10,800 $66,000
2016 $4,816 $76,800 $10,800 $66,000
2015 -- $76,800 $10,800 $66,000
2014 -- $76,800 $10,800 $66,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202225650

Global MLS

APN: 039-050-0003-075-000-0000