NOT LISTED FOR SALE

1588 5th St Rensselaer, NY 12144

Estimated Value: $231,000 - $325,000

7 Beds
3 Baths
2,740 Sq Ft
$103/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $178,000 $65 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,843/month

9 Days on Market

Highlights

  • Senior Community
  • Corner Lot
  • 5 Car Detached Garage
  • Wood Flooring
  • No HOA
  • Porch

About This Home

As of June 2019

OWNER OCCUPY & INVESTORS TAKE NOTE OF 3 UNIT W FRAMED OUT 4TH UNIT READY TO MAKE EVEN MORE INCOME. 4 GARAGES 3 RENT $50 EACH ($150) 4TH OWNERS STORAGE. OWNERS UNIT HAS BEEN PARTIALLY RENOVATED. CAN BE RENTED AS IS OR W A FEW FINISHING TOUCHES. UNIT 3 AND 4 OCCUPIED W LONG TERM M TO M TENANTS. 2014 HOUSE WAS RAISED NEW FOOTERS AND BEAMS INSTALLED TO SUPPORT STRUCTURE (WARRANTIED). 2015 NEW ROOF METAL ASPHALT AND RUBBER. SEP UTILITIES TENANTS PAY HT/HW/ELECTRIC. 2 HT WATER TANKS NEWER 1 & 3 YR OLD. LARGE CORNER FENCED DOUBLE LOT. WATER $300 2X YR. WASTE $153 4X YEAR. Good Condition

Last Agent to Sell the Property

Jessica Celeone

Gucciardo Real Estate LLC License #10401275093 Listed on: 04/27/2019

Co-Listed By

Anthony Gucciardo

Gucciardo Real Estate LLC License #10491202389

Last Buyer's Agent

Jessica Celeone

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,934

Year Built

  • Built in 1902

Lot Details

  • Lot Dimensions are 43x200
  • Fenced
  • Corner Lot

Parking

  • 5 Car Detached Garage

Home Design

  • Rubber Roof
  • Metal Roof
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,740 Sq Ft Home
  • Wood Flooring

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Outdoor Features

  • Porch

Utilities

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

Community Details

  • Senior Community
  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for hot water, heat, electricity
  • The owner pays for trash collection, water
  • Legal Lot and Block 1 / 3
  • Assessor Parcel Number 381400 144-3-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,934

Year Built

Built in 1902

Lot Details

0

Parking

5

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1902
  • Directions: I 90 Exit 7, Washington Ave - Left to Chestnut - Left to 5th
  • Above Grade Finished Sq Ft: 2740.0
  • Architectural Style: Other, See Remarks
  • Lot Size: 43x200
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Co List Office Mls Id: o2354A
  • Co List Office Phone: 518-221-9079
  • Flooring:Hardwood: Yes
  • Fencing:Fenced: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood
  • Basement: Apartment, Full, Unfinished, Walk-Out Access
  • Living Area: 2740.0
  • Owner Pays: Trash Collection, Water
  • Basement:Walk-Out Access: Yes
  • Full Basement: Yes
  • Attic Features:Hatch: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Part: Yes
  • Basement:Unfinished: Yes
  • Attic Features:Eaves: Yes
  • Basement:Apartment: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes

Exterior Features

  • Roof: Metal, Rubber, Asphalt
  • Construction Type: Vinyl Siding
  • Fencing: Fenced
  • Patio And Porch Features: Porch
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Porch: Yes

Garage/Parking

  • Garage Spaces: 5.0
  • Parking Features: Detached
  • Attached Garage: No
  • Property Detail:Garage Spaces: 5.0
  • Parking Features:Detached: Yes

Utilities

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

Lot Info

  • Lot Features: Corner Lot
  • Parcel #: 381400 144-3-1

Rental Info

  • Tenant Pays: Hot Water, Heat, Electricity

Tax Info

  • Tax Annual Amount: 4934.0
  • Tax Block: 3
  • Tax Lot: 1
  • Tax Tract: 144

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2019
Closed on
Jun 18, 2019
Sold by
Farrelly Meghan K
Bought by
Spath Matthew J and Frechette Heather M
Seller's Agent
Jessica Celeone
Gucciardo Real Estate LLC
Buyer's Agent
Jessica Celeone
KW Platform
List Price
$184,900
Sold Price
$178,000
Premium/Discount to List
-$6,900
-3.73%
Current Estimated Value
$281,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,003
Avg. Annual Appreciation
8.46%
Original Mortgage
$159,310
Outstanding Balance
$140,095
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$155,547

Purchase Details

Closed on
May 28, 2009
Sold by
Yerick Patricia M
Bought by
Farrelly Meghan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,404
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 10, 2002
Sold by
Hutchinson Frederick Forg Ea and Hutchinson Circilli
Bought by
Yerick Patricia M
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
Spath Matthew J $178,000 --
Farrelly Meghan K $165,400 Jennifer Taylor
Yerick Patricia M $80,000 Paul B. Knapp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spath Matthew J $159,310
Previous Owner Farrelly Megan K $161,489
Previous Owner Farrelly Megan K $162,404
Previous Owner Farrelly Meghan K $162,404
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $178,000 -3.7% $65 / Sq Ft
04/28/2019 04/28/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $184,900 0.0% $67 / Sq Ft
04/25/2019 04/25/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $184,900 -- $67 / 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 $4,157 $39,800 $6,100 $33,700
2023 $3,837 $39,800 $6,100 $33,700
2022 $3,756 $39,800 $6,100 $33,700
2021 $1,021 $39,800 $6,100 $33,700
2020 $3,520 $39,800 $6,100 $33,700
2019 $2,941 $39,800 $6,100 $33,700
2018 $2,941 $39,800 $6,100 $33,700
2017 $2,688 $39,800 $6,100 $33,700
2016 $2,906 $39,800 $6,100 $33,700
2015 -- $39,800 $6,100 $33,700
2014 -- $39,800 $6,100 $33,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201917175

Global MLS

APN: 1400-144.22-3-1