397 Washington Ave Albany, NY 12206
Central Avenue Neighborhood
2
Beds
3
Baths
1,836
Sq Ft
871
Sq Ft Lot
Highlights
- No HOA
- Electric Baseboard Heater
- Vinyl Flooring
About This Home
As of March 2023Brick Triplex in a great location! Across the street from SUNY downtown campus, on bus line, walk to Washington Park. Some exposed brick walls! New Roof, new front porch, basement unit had new flooring installed prior to current tenant. Fully occupied, however the tenant in the middle unit will be vacating in February. That tenant has been there for years, and can certainly get higher rent on the turnover. All excellent tenants!! Basement unit is a studio apartment, but very spacious and plenty of room for a sleeping and living area. Units 2 & 3 are both 1 bedroom. 24 Hour Notice for showings, and there is limited availability.
Last Agent to Sell the Property
Veno Properties License #10401283750 Listed on: 01/13/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,582
Year Built
- Built in 1820
Lot Details
- 871 Sq Ft Lot
Home Design
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 1,836 Sq Ft Home
- 3-Story Property
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Full Bathrooms
Basement
- Apartment Living Space in Basement
- Finished Basement Bathroom
Schools
- Albany High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Electric Baseboard Heater
Community Details
- No Home Owners Association
- Insurance Expense $867
Listing and Financial Details
- Tenant pays for hot water, heat
- The owner pays for trash collection, sewer, snow removal, water
- Legal Lot and Block 22 / 4
- Assessor Parcel Number 010100 65.63-4-22
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2023
Closed on
Mar 22, 2023
Sold by
397 Washington Ave Albany Llc
Bought by
Adebari Bello Hafiz
Seller's Agent
Erica Vienneau
Veno Properties
Buyer's Agent
Colin McDonald
McDonald Real Estate Comp LLC
List Price
$259,000
Sold Price
$279,000
Premium/Discount to List
$20,000
7.72%
Views
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,738
Avg. Annual Appreciation
2.82%
Original Mortgage
$273,946
Outstanding Balance
$267,404
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$30,334
Purchase Details
Closed on
Jul 14, 2022
Sold by
Mcnabb Sarah and Anderson Jacob A
Bought by
397 W Washington Ave Albany Llc
Purchase Details
Closed on
Dec 4, 2017
Sold by
397 Washington Albany Realty Llc
Bought by
Mcveigh John P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 5, 1995
Sold by
Carpenter Carol A
Bought by
O'Connor Robert M
Similar Homes in Albany, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $279,000 | First American Title | |
| Quit Claim Deed | -- | None Available | |
| Deed | $137,500 | None Available | |
| Land Contract | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $273,946 | FHA | |
| Previous Owner | $152,625 | New Conventional | |
| Previous Owner | $110,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2023 05/22/23 | Rented | $950 | 0.0% | -- |
| 05/17/2023 05/17/23 | Under Contract | -- | -- | -- |
| 05/14/2023 05/14/23 | For Rent | $950 | 0.0% | -- |
| 03/23/2023 03/23/23 | Sold | $279,000 | +7.7% | $152 / Sq Ft |
| 01/27/2023 01/27/23 | Pending | -- | -- | -- |
| 01/13/2023 01/13/23 | For Sale | $259,000 | +27.3% | $141 / Sq Ft |
| 10/27/2020 10/27/20 | Sold | $203,500 | +1.8% | $111 / Sq Ft |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | For Sale | $199,900 | +45.4% | $109 / Sq Ft |
| 10/04/2017 10/04/17 | Sold | $137,500 | -5.2% | $75 / Sq Ft |
| 09/02/2017 09/02/17 | Pending | -- | -- | -- |
| 08/18/2017 08/18/17 | For Sale | $145,000 | -- | $79 / Sq Ft |
Source: Global MLS
Tax History Compared to Growth
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 | $4,954 | $242,000 | $38,400 | $203,600 |
| 2023 | $2,635 | $60,000 | $17,200 | $42,800 |
| 2022 | $2,583 | $60,000 | $17,200 | $42,800 |
| 2021 | $2,577 | $60,000 | $17,200 | $42,800 |
| 2020 | $2,276 | $60,000 | $17,200 | $42,800 |
| 2019 | $2,362 | $60,000 | $17,200 | $42,800 |
| 2018 | $2,282 | $60,000 | $17,200 | $42,800 |
| 2017 | $2,524 | $60,000 | $17,200 | $42,800 |
| 2016 | $4,448 | $86,000 | $17,200 | $68,800 |
| 2015 | $4,283 | $88,400 | $17,700 | $70,700 |
| 2014 | -- | $88,400 | $17,700 | $70,700 |
Source: Public Records
Agents Affiliated with this Home
-
Erica Vienneau
Seller's Agent in 2023
Erica Vienneau
Veno Properties
(518) 400-0706
3 in this area
32 Total Sales
-
J
Seller's Agent in 2023
Jennery Pacheco
Renovo Real Estate
-
Colin McDonald
Buyer's Agent in 2023
Colin McDonald
McDonald Real Estate Comp LLC
(518) 505-4977
15 in this area
154 Total Sales
-
Adam Nye
Buyer's Agent in 2020
Adam Nye
KW Platform
(518) 560-0050
1 in this area
115 Total Sales
-
A
Seller's Agent in 2017
Anthony Redway
Berkshire Hathaway HomeServices Blake, REALTORS
-
Charles Nightingale
Buyer's Agent in 2017
Charles Nightingale
Coldwell Banker Prime Properties
(518) 451-0056
2 in this area
71 Total Sales
Map
Source: Global MLS
MLS Number: 202310533
APN: 010100-065-063-0004-022-000-0000
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