NOT LISTED FOR SALE

40 Summit Ave Albany, NY 12209

Delaware Avenue Neighborhood

Estimated Value: $293,000 - $369,000

6 Beds
2 Baths
2,638 Sq Ft
$122/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $252,000 $96 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,351/month

60 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Screened Patio
  • Full Attic
  • Porch
  • Hot Water Heating System

About This Home

As of January 2021

Large and well maintained 2 family on quiet street in Albany. Walking distance to Albany Med Campus, shops restaurants, parks and more! Both units currently leased generating great income. Rare off street parking and multiple updates have been made throughout this building including: 2 new hot water tanks, first floor kitchen renovated, new appliances both floors, first and second floor bathrooms renovated in both units! Laundry in Unit 2. Large open front porches and enclosed back porches on the back of the house for both units. This is a must see -- Very Good Condition

Last Agent to Sell the Property

Peter Tryon

Madison Park Real Estate Listed on: 10/01/2020

Last Buyer's Agent

George Goodwin

haha3

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,513

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 35x120

Home Design

  • Duplex
  • Aluminum Siding
  • Asphalt

Interior Spaces

  • 2,638 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Full Attic
  • Laundry on main level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Porch

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for hot water, heat, electricity
  • Legal Lot and Block 55 / 2
  • Assessor Parcel Number 010100 76.53-2-55

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,513

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Accessibility: Accessible Sidewalks
  • Year Built: 1924
  • Directions: Summit ave between st james and federal st
  • Above Grade Finished Sq Ft: 2638.0
  • Architectural Style: Duplex-Over/Under
  • Lot Size: 35x120
  • New Construction: No
  • Parking Features Parking Total: 6.0
  • Possession Possession Legacy: August 2021
  • Sale Detail Seller Contribution: Yes
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number of Separate Water Meters: 1
  • Laundry Features:Main Level: Yes
  • Flooring:Hardwood: Yes
  • Laundry Features:Upper Level: Yes
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 2638.0
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Full2: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Screened, Porch
  • Waterfront: No
  • Patio And Porch Features:Porch: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Patio And Porch Features:Screened: Yes
  • Accessibility Features:Accessible Sidewalks: Yes

Garage/Parking

  • Parking Features: Off Street, Paved, None, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • Parking Features:Off Street: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved: Yes
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Hot Water, Natural Gas
  • Laundry Features: Main Level, Upper Level
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Ceramic Tile2: Yes
  • Unit 2 Amenities:Ceramic Tile3: Yes

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 76.53-2-55

Rental Info

  • Tenant Pays: Hot Water, Heat, Electricity

Tax Info

  • Tax Annual Amount: 6513.0
  • Tax Block: 2
  • Tax Lot: 55
  • Tax Tract: 76.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Jan 27, 2021
Sold by
Harder Joseph R
Bought by
Rhodes Brian M and Conklin Stephanie A
Seller's Agent
Peter Tryon
Madison Park Real Estate
Buyer's Agent
George Goodwin
haha3
List Price
$264,900
Sold Price
$252,000
Premium/Discount to List
-$12,900
-4.87%
Current Estimated Value
$321,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,073
Avg. Annual Appreciation
5.43%
Original Mortgage
$189,000
Outstanding Balance
$169,136
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$151,937

Purchase Details

Listed on
May 3, 2018
Closed on
May 2, 2018
Sold by
Berner Jason F
Bought by
Harder Joseph R
Seller's Agent
Kathleen Korzyk
Berkshire Hathaway Home Services Blake
Buyer's Agent
James Bertan
BLUE SPRUCE REALTY
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$216,015
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2002
Sold by
Belleville William
Bought by
Berner Jason

Purchase Details

Closed on
Nov 15, 2002
Sold by
Belleville William
Bought by
Berner Jason
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
Rhodes Brian M $252,000 Elite Title & Abstract
Harder Joseph R $220,000 Fidelity National Title Ins
Berner Jason $102,150 Frank Kiepura
Berner Jason $102,150 Frank Kiepura
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhodes Brian M $189,000
Previous Owner Harder Joseph R $216,015
Previous Owner Berner Jason F $128,500
Previous Owner Berner Jason F $35,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2021 01/27/21 Sold $252,000 -3.0% $96 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
10/30/2020 10/30/20 Price Changed $259,900 -1.9% $99 / Sq Ft
10/01/2020 10/01/20 For Sale $264,900 +20.4% $100 / Sq Ft
05/02/2018 05/02/18 Sold $220,000 +2.3% $83 / Sq Ft
05/02/2018 05/02/18 For Sale $215,000 -- $82 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
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 $7,264 $288,000 $57,600 $230,400
2023 $6,763 $167,000 $33,400 $133,600
2022 $6,617 $167,000 $33,400 $133,600
2021 $6,602 $167,000 $33,400 $133,600
2020 $6,513 $167,000 $33,400 $133,600
2019 $6,575 $167,000 $33,400 $133,600
2018 $6,568 $167,000 $33,400 $133,600
2017 $3,735 $167,000 $33,400 $133,600
2016 $6,629 $167,000 $33,400 $133,600
2015 $6,291 $163,100 $32,600 $130,500
2014 -- $163,100 $32,600 $130,500
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peter Tryon

    Madison Park Real Estate

  • G

    Buyer's Agent in 2021

    George Goodwin

    haha3

  • L

    Buyer's Agent in 2021

    Lisa Wloch

    CM Fox Real Estate

  • Kathleen Korzyk

    Seller's Agent in 2018

    Kathleen Korzyk

    Berkshire Hathaway Home Services Blake

    (518) 221-5587

    2 in this area

    40 Total Sales

    Kathleen Korzyk
    Section Image

  • J

    Buyer's Agent in 2018

    James Bertan

    BLUE SPRUCE REALTY

  • Melissa Hems

    Buyer's Agent in 2018

    Melissa Hems

    Crystal Coleman Realty LLC

    (518) 951-0411

    8 in this area

    209 Total Sales

    Melissa Hems
    Section Image
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Map

Source: Global MLS

MLS Number: 202029714

Global MLS

APN: 010100-076-053-0002-055-000-0000

New York Albany County Albany 12209 Delaware Avenue

40 Summit Ave, Albany, NY

This home is located at 40 Summit Ave, Albany, NY 12209 since 01 October 2020 and is currently estimated at $321,073, approximately $121 per square foot. This property was built in 1924. 40 Summit Ave is a home located in Albany County with nearby schools including Delaware Community School, William S Hackett 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.

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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