397 Washington Ave Albany, NY 12206
Central Avenue Neighborhood
--
Bed
--
Bath
1,836
Sq Ft
871
Sq Ft Lot
Highlights
- Senior Community
- No HOA
- Electric Baseboard Heater
About This Home
As of March 2023***MULTIPLE OFFERS*** Owner will be looking at all offers by end of day Monday 8/31. Brick Triplex in a great location! Across the street from SUNY downtown campus, on bus line, walk to Washington Park. Some exposed brick walls! Basement unit just vacated, will leave open for ease of showings, tenant was paying $865 p/m. Unit 2 & 3 are occupied with great tenants! Albany Code requiring porch to be rebuilt. Owner selling AS IS. Basement unit was cleaned, but minimally needs paint. See Pro Forma in documents for details. 24 Hour Notice for showing of top two units (tenants will accompany), basement can be shown anytime.
Last Agent to Sell the Property
Veno Properties License #10401283750 Listed on: 08/19/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,249
Year Built
- Built in 1820
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- 1,836 Sq Ft Home
- Apartment Living Space in Basement
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Electric Baseboard Heater
Listing and Financial Details
- Legal Lot and Block 22 / 4
- Assessor Parcel Number 010100 65-4-22
- Seller Concessions Not Offered
Community Details
Overview
- Senior Community
- No Home Owners Association
- 3 Units
Building Details
- Insurance Expense $867
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
2.83%
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
116 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: 202025836
APN: 010100-065-063-0004-022-000-0000
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