NOT LISTED FOR SALE

244 Lark St Albany, NY 12210

Center Square Neighborhood

Estimated Value: $1,034,947

8 Beds
7 Baths
2,736 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $878,000 $321 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,764/month

7 Days on Market

Highlights

  • 0.07 Acre Lot
  • Baseboard Heating
  • 2-minute walk to Washington Park
  • No HOA

About This Home

As of September 2023

Investors dream in Albany's sought-after Center Square! Historic 7-unit mixed-use property on Lark St. 6 updated residential units, 1 commercial space on bottom level, with 6 car parking lot for additional income. This property brings in over $100,000 annually. Prime location near top-rated restaurants, bars, and shops. Don't miss this opportunity!

Last Agent to Sell the Property

Thaddeus Jones

KW Platform License #10301220962 Listed on: 03/15/2023

KW Platform

Co-Listed By

Jeury Lugo

KW Platform License #10401347643

Last Buyer's Agent

Elizabeth Page

KW Platform License #10401333541

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,708

Year Built

  • Built in 1870

Lot Details

  • 3,049 Sq Ft Lot

Home Design

  • 2,736 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Finished Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom

Parking

  • 6 Parking Spaces
  • Open Parking
  • Off-Street Parking

Schools

  • Albany High School

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Baseboard Heater

Listing and Financial Details

  • Assessor Parcel Number 010100 76.24-3-1

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Insurance Expense $2,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,708

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 1600.0
  • Year Built: 1870
  • Directions: GPS
  • Above Grade Finished Sq Ft: 2736.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.07
  • New Construction: No
  • Parking Features Parking Total: 6.0
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Electric Expense Description: Actual
  • Gas Expense Description: Actual
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Actual
  • Income And Expenses Miscellaneous Expense: 900.0
  • Miscellaneous Expense Description: Actual
  • Rental Income: 100896.0
  • Rental Income Description: Actual
  • Co List Office Mls Id: o2015A
  • Co List Office Phone: 518-724-5800
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Basement: Exterior Entry, Finished
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Living Area: 2736.0
  • Bathroom Levels Full Bathroom 1: Basement
  • Bathroom Levels Full Bathroom 2: Basement
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 2nd
  • Bathroom Levels Full Bathroom 6: 3rd
  • Bathroom Levels Full Bathroom 7: 3rd
  • Basement:Exterior Entry: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Brick
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Electric, Hot Water, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 1600.0
  • Annual Water Sewer Expense: 1100.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 76.24-3-1
  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Multi Family

  • Insurance Expense: 2950.0
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 14708.0

MLS Schools

  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Sep 1, 2023
Sold by
Russell Norman
Bought by
244 Lark Llc
Seller's Agent
Thaddeus Jones
KW Platform
Buyer's Agent
Elizabeth Page
KW Platform
List Price
$850,000
Sold Price
$878,000
Premium/Discount to List
$28,000
3.29%
Views
124
Current Estimated Value
$1,034,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,947
Avg. Annual Appreciation
7.69%
Original Mortgage
$702,400
Outstanding Balance
$597,284
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$437,663
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
244 Lark Llc $878,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 244 Lark Llc $702,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $878,000 +3.3% $321 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $850,000 -- $311 / 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 $27,779 $767,000 $36,000 $731,000
2023 $13,968 $267,900 $25,100 $242,800
2022 $14,336 $267,900 $25,100 $242,800
2021 $14,021 $267,900 $25,100 $242,800
2020 $13,654 $267,900 $25,100 $242,800
2019 $10,547 $267,900 $25,100 $242,800
2018 $13,260 $267,900 $25,100 $242,800
2017 $4,610 $267,900 $25,100 $242,800
2016 $10,603 $267,900 $25,100 $242,800
2015 $9,489 $240,000 $19,200 $220,800
2014 -- $240,000 $19,200 $220,800
Source: Public Records

Agents Affiliated with this Home

  • Thaddeus Jones

    Seller's Agent in 2023

    Thaddeus Jones

    KW Platform

    (518) 681-1836

    3 in this area

    172 Total Sales

    Thaddeus Jones
    Section Image
  • Jeury Lugo

    Seller Co-Listing Agent in 2023

    Jeury Lugo

    KW Platform

    (518) 335-1032

    2 in this area

    101 Total Sales

    Jeury Lugo
    Section Image
  • Elizabeth Page

    Buyer's Agent in 2023

    Elizabeth Page

    KW Platform

    (518) 693-1080

    1 in this area

    79 Total Sales

    Elizabeth Page
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 202313316

Global MLS

APN: 010100-076-024-0003-001-000-0000

New York Albany County Albany 12210 Center Square

244 Lark St, Albany, NY

Not Listed for Sale

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Information is deemed reliable but not guaranteed.



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