NOT LISTED FOR SALE

378 Madison Ave Albany, NY 12210

Hudson Park Neighborhood

Estimated Value: $299,000 - $307,000

3 Beds
2 Baths
1,512 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $235,000 $155 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,065/month

32 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Hot Water Heating System
  • No HOA

About This Home

As of October 2022

Solid brick / brownstone 2 family in location that is always rented - though we kept 1 unit vacant for sale showings. Current annual rents: $25,596 . The property is located 1 Block off of Lark St, several blocks from the hospital or state offices, services, restaurants, & nightlight all within a few minute walk. Current month to month leases in place gives a new owner maximum flexibility where they may owner occupy or make leases changes. The same owner has another 2 family brick/brownstone across the street for sale for a total of 4 units if interested.

Last Agent to Sell the Property

Steve Alvarez

Empire Property Managment Group LLC License #49AL0939692 Listed on: 07/28/2022

Last Buyer's Agent

Elizabeth Mayer

Empire Real Estate Firm LLC License #10401344152

Empire Real Estate Firm LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,088

Year Built

  • Built in 1850

Lot Details

  • 1,307 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,512 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • No Access to Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Albany High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 010100 76.31-3-21 01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,088

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Zoning: Multi Residence
  • Year Built: 1850
  • Directions: Lark to Madison heading downtown, house on right.
  • Above Grade Finished Sq Ft: 1512.0
  • Lot Size Acres: 0.03
  • New Construction: No
  • Sale Detail Buyer Zip Code: 94607
  • Sale Detail Seller Contribution: No
  • Rental Income: 25596.0
  • Rental Income Description: Actual
  • Income: 25596.0
  • Fencing:Back Yard: Yes
  • Flooring:Hardwood: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1512.0
  • Attic Features:No Attic Access: Yes
  • Full Basement: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Rubber
  • Construction Type: Brick
  • Fencing: Back Yard
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Open Parking: No
  • Property Detail:Parking YN: No
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 76.31-3-21 01
  • Lot Size Sq Ft: 1306.8

Tax Info

  • Tax Annual Amount: 5088.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 19, 2022
Sold by
Baron Michael and Baron Carla
Bought by
Ngan Cassandra Clara
Seller's Agent
Steve Alvarez
Empire Property Managment Group LLC
Buyer's Agent
Elizabeth Mayer
Empire Real Estate Firm LLC
List Price
$269,900
Sold Price
$235,000
Premium/Discount to List
-$34,900
-12.93%
Views
78
Current Estimated Value
$302,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,779
Avg. Annual Appreciation
9.42%
Original Mortgage
$188,000
Outstanding Balance
$182,095
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$124,394

Purchase Details

Closed on
Jul 22, 2022
Sold by
Michael Baron
Bought by
Singh Raja

Purchase Details

Closed on
Nov 15, 2006

Purchase Details

Closed on
Nov 13, 2006
Sold by
The County Of Albany New York
Bought by
Baron Michael and Baron Carla
Source: Public Records

Range of Values:

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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
Ngan Cassandra Clara $235,000 None Available
Singh Raja $245,000 --
-- $41,000 --
Baron Michael $41,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngan Cassandra Clara $188,000
Previous Owner Baron Michael $113,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Sold $235,000 -6.0% $155 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/12/2022 08/12/22 Price Changed $249,900 -7.4% $165 / Sq Ft
07/28/2022 07/28/22 For Sale $269,900 -- $179 / 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 $5,422 $227,000 $45,400 $181,600
2023 $4,516 $110,000 $22,000 $88,000
2022 $4,420 $110,000 $22,000 $88,000
2021 $4,410 $110,000 $22,000 $88,000
2020 $4,434 $110,000 $22,000 $88,000
2019 $4,083 $110,000 $22,000 $88,000
2018 $5,744 $110,000 $22,000 $88,000
2017 $2,502 $110,000 $22,000 $88,000
2016 $4,963 $110,000 $22,000 $88,000
2015 $3,795 $95,700 $19,100 $76,600
2014 -- $95,700 $19,100 $76,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Steve Alvarez

    Empire Property Managment Group LLC

    (518) 432-7368

    2 in this area

    11 Total Sales

    Steve Alvarez
    Section Image
  • Elizabeth Mayer

    Buyer's Agent in 2022

    Elizabeth Mayer

    Empire Real Estate Firm LLC

    (518) 396-8031

    1 in this area

    61 Total Sales

    Elizabeth Mayer
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 202223608

Global MLS

APN: 010100-076-031-0003-021-000-0000

New York Albany County Albany 12202 Hudson Park

378 Madison Ave, Albany, NY

This home is located at 378 Madison Ave, Albany, NY 12210 since 28 July 2022 and is currently estimated at $302,779, approximately $200 per square foot. This property was built in 1850. 378 Madison Ave is a home located in Albany County with nearby schools including Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School, and Albany High School.

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.

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Information is deemed reliable but not guaranteed.



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