$290,000
SOLD JUL 3, 2019

389 Mckay Rd Amsterdam, NY 12010

-- Bed
-- Bath
6,424 Sq Ft
5 Acres

Recently Sold

$45 Per Sq Ft

17% Below List Price

93 Days on Market

Highlights

  • Senior Community
  • 30 Car Detached Garage
  • Forced Air Heating System
  • No HOA

About This Home

As of July 2019

GREAT INVESTMENT OPPORTUNITY & GREAT AREA. FULLY OCCUPIED 6 UNIT APARTMENT BUILDING, WITH ADDITIONAL DETACHED COMMERCIAL GARAGE THAT CAN BE RENTED FOR ADDITIONAL INCOME. Located in Town of Perth & Broadalbin-Perth School District for tax purposes and situated on 5 acres. Annual taxes $5,858 with No Exemptions. With projected rents this property could easily pay for itself in 5-6 years. 24 hour notice required & listing agent to accompany. Pre-approval/proof of funds required to view. Good Condition

Last Agent to Sell the Property

Junell Pasquarelli

Junell Realty LLC License #10491205769 Listed on: 09/19/2018

Co-Listed By

Gretchen Salvione

Junell Realty LLC License #10401320325

Last Buyer's Agent

Robert Klug

Spinnaker Realty Sales

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1944

Lot Details

  • 5 Acre Lot

Parking

  • 30 Car Detached Garage

Home Design

  • 6,424 Sq Ft Home
  • Slab Foundation
  • Vinyl Siding
  • Masonite
  • Asphalt

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Drilled Well
  • Septic Tank

Community Details

  • Senior Community
  • No Home Owners Association

Listing and Financial Details

  • The owner pays for snow removal
  • Legal Lot and Block 11 / 7
  • Assessor Parcel Number 173600 178.-7-11

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,858

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Accessibility: See Remarks
  • Year Built: 1944
  • Directions: RTE 30 TO 107, LEFT ONTO MCKAY RD.
  • Above Grade Finished Sq Ft: 6424.0
  • Architectural Style: Other, See Remarks
  • Financial Details General Taxes: 2358.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 3500.0
  • School Taxes Description: Actual
  • Lot Size Acres: 5.0
  • Parking Features Parking Total: 30.0
  • Possession Possession Legacy: AT CLOSING
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Number of Dishwashers: 2
  • Number of Refrigerators: 6
  • Unit Information Number Of Stoves: 6
  • Co List Office Mls Id: o2638A
  • Co List Office Phone: 518-588-5141
  • Foundation Details:Slab: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Living Area: 6424.0
  • Owner Pays: Snow Removal
  • Basement:Slab2: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 3 Owner Furnish Features:Maintenance Grounds4: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Masonite, Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Masonite: Yes
  • Accessibility Features:See Remarks24: Yes

Garage/Parking

  • Parking Features: Detached
  • Attached Garage: No
  • Total Parking Spaces: 30.0
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Propane
  • Water Source: Drilled Well
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Broadalbin-Perth

Lot Info

  • Parcel #: 173600 178.-7-11
  • Lot Size Sq Ft: 217800.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5858.0
  • Tax Block: 7
  • Tax Lot: 11
  • Tax Tract: 178.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Jul 8, 2019
Sold by
Zara Amanda J
Bought by
Barnhart Adam J
Seller's Agent
Junell Pasquarelli
Junell Realty LLC
Buyer's Agent
Robert Klug
Spinnaker Realty Sales
List Price
$349,000
Sold Price
$290,000
Premium/Discount to List
-$59,000
-16.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Nov 23, 2011
Sold by
Zara Joseph
Bought by
Zara Amanda
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 Type Sale Price Title Company
Deed $290,000 None Available
Deed $290,000 None Available
Interfamily Deed Transfer -- Paul L Wollman
Interfamily Deed Transfer -- Paul L Wollman
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 Price Changed $550,000 -4.5% $86 / Sq Ft
05/24/2025 05/24/25 Price Changed $575,900 -4.0% $90 / Sq Ft
05/14/2025 05/14/25 Price Changed $599,900 -7.7% $93 / Sq Ft
03/23/2025 03/23/25 Price Changed $649,900 -7.1% $101 / Sq Ft
01/20/2025 01/20/25 For Sale $699,900 +141.3% $109 / Sq Ft
07/03/2019 07/03/19 Sold $290,000 -15.9% $45 / Sq Ft
10/21/2018 10/21/18 Price Changed $345,000 -1.1% $54 / Sq Ft
09/18/2018 09/18/18 For Sale $349,000 -- $54 / 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 $5,652 $105,500 $19,000 $86,500
2023 $5,863 $105,500 $19,000 $86,500
2022 $6,107 $105,500 $19,000 $86,500
2021 $6,207 $105,500 $19,000 $86,500
2020 $10,193 $105,500 $19,000 $86,500
2019 $8,675 $105,500 $19,000 $86,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201829461

Global MLS

APN: 173600 178.-7-11