NOT LISTED FOR SALE

297 Central Ave Albany, NY 12206

West Hill Neighborhood

Estimated Value: $319,862

-- Bed
5 Baths
3,900 Sq Ft
$82/Sq Ft Est. Value

Last Sold May 16, 2017

Last sale price $190,000 $49 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,389/month

145 Days on Market

Highlights

  • Active Adult
  • Hot Water Heating System
  • Level Lot
  • No HOA

About This Home

As of May 2017

$3500 MONTHLY INCOME (RENTS COULD EASLIY BE HIGHER) 4 FAMILY 2 - 2 BEDROOM UNITS AND 2 - 1 BEDROOM UNITS, AND A 1ST FLOOR COMMERCIAL STORE FRONT (RENTED FOR $1200 MO.) GREAT RENTAL AREA AND EASY TO RENT! GOOD MONEY MAKER! TENANTS REQUIRE A 48 HOUR NOTICE TO ENSURE GETTING INTO ALL UNITS. Very Good Condition

Last Agent to Sell the Property

Robert Goodman

Propertywiser.com License #31GO0835695 Listed on: 09/24/2015

Last Buyer's Agent

Shawn Clark

Hunt ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,101

Year Built

  • Built in 1916

Lot Details

  • Lot Dimensions are 22.00 x 80.00
  • Level Lot

Home Design

  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for heat
  • Legal Lot and Block 50.00 / 0005
  • Assessor Parcel Number 012689 065.54-0005-50.00

Community Details

Overview

  • Active Adult
  • No Home Owners Association

Building Details

  • Insurance Expense $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,101

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1916
  • Directions: CENTRAL AVENUE STREET # 297
  • Above Grade Finished Sq Ft: 3900.0
  • Architectural Style: Other, See Remarks
  • Lot Size: 22.00 X 80.00
  • Possession Possession Legacy: T.B.A.
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Gas Expense Description: Actual
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Estimated
  • Income: 42000.0
  • Income Description: Actual
  • Number of Refrigerators: 4
  • Unit Information Number Of Stoves: 4
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 3900.0
  • Owner Pays: Heat
  • Full Basement: 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
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Level: 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

Fee Information

  • Annual Fuel Expense: 5189.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Level
  • Parcel #: 012689 065.54-0005-50.00

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Insurance Expense: 2100.0

Tax Info

  • Tax Annual Amount: 5101.0
  • Tax Block: 0005
  • Tax Lot: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2015
Closed on
Apr 26, 2017
Sold by
Zonca Marie
Bought by
Mariam 786 Corp
Seller's Agent
Robert Goodman
Propertywiser.com
Buyer's Agent
Shawn Clark
Hunt ERA
List Price
$224,777
Sold Price
$190,000
Premium/Discount to List
-$34,777
-15.47%
Current Estimated Value
$319,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,862
Avg. Annual Appreciation
6.27%
Original Mortgage
$156,000
Outstanding Balance
$130,439
Interest Rate
4.3%
Mortgage Type
Unknown
Estimated Equity
$189,424
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mariam 786 Corp $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mariam 786 Corp $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2017 05/16/17 Sold $190,000 -11.6% $49 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
01/04/2016 01/04/16 Price Changed $215,000 -4.3% $55 / Sq Ft
09/23/2015 09/23/15 For Sale $224,777 -- $58 / 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 $8,459 $232,100 $27,000 $205,100
2023 $9,226 $176,400 $18,700 $157,700
2022 $9,440 $176,400 $18,700 $157,700
2021 $9,232 $176,400 $18,700 $157,700
2020 $8,990 $176,400 $18,700 $157,700
2019 $6,945 $176,400 $18,700 $157,700
2018 $8,564 $176,400 $18,700 $157,700
2017 $3,057 $176,400 $18,700 $157,700
2016 $7,002 $176,400 $18,700 $157,700
2015 $5,120 $129,500 $22,800 $106,700
2014 -- $129,500 $22,800 $106,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Goodman

    Propertywiser.com

    Section Image

  • S

    Buyer's Agent in 2017

    Shawn Clark

    Hunt Real Estate

See All Agents

Map

Source: Global MLS

MLS Number: 201520909

Global MLS

APN: 010100-065-054-0005-050-000-0000

New York Albany County Albany 12206 West Hill

297 Central Ave, Albany, NY

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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