NOT LISTED FOR SALE

423 Hamilton St Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $322,000 - $387,000

8 Beds
2 Baths
2,264 Sq Ft
$160/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $370,000 $163 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,469/month

40 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Heating System Uses Natural Gas
  • No HOA
  • Bathroom on Main Level

About This Home

As of August 2024

This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.

Last Agent to Sell the Property

Ryan Gehris

Unreal Estate Brokerage LLC License #10401308038 Listed on: 04/24/2024

Last Buyer's Agent

Joe Gunther

Empire Real Estate Firm LLC License #10401377220

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,097

Year Built

  • Built in 1905

Lot Details

  • 3,485

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Schools

  • Albany High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 3,485 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 36.000 / 1
  • Assessor Parcel Number 010100 65.69-1-36

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,097

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1905
  • Directions: Quail to the dead end of Hamilton
  • Architectural Style: Other
  • Lot Size Acres: 0.08
  • Parking Features Parking Total: 4.0
  • Sale Detail Buyer Zip Code: 12203
  • Sale Detail Seller Contribution: No
  • Flooring:Hardwood: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Hardwood
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bedrooms: 8
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Full Basement: Yes

Exterior Features

  • Exterior Features: Other
  • Roof: Slate
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Porch
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:Other58: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Open Parking: Yes
  • Total Parking Spaces: 4.0
  • Property Detail:Garage Spaces: 1.0
  • Property Detail:Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.69-1-36
  • Lot Size Sq Ft: 3484.8

Tax Info

  • Tax Annual Amount: 4097.0
  • Tax Block: 1
  • Tax Lot: 36.000
  • Tax Tract: 65.69

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2009
Sold by
Vanderpoel Andrea Janet
Bought by
Vandoren Chris
Current Estimated Value
$363,269
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 Buyer Sale Price Title Company
Vandoren Chris $93,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rafi Fazil $277,500
Closed Vanvandoren Chris Van $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $370,000 -1.3% $163 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $375,000 -- $166 / 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 $5,479 $244,000 $48,800 $195,200
2023 $4,004 $97,000 $19,400 $77,600
2022 $3,919 $97,000 $19,400 $77,600
2021 $3,910 $97,000 $19,400 $77,600
2020 $3,680 $97,000 $19,400 $77,600
2019 $3,819 $97,000 $19,400 $77,600
2018 $3,689 $97,000 $19,400 $77,600
2017 $2,170 $97,000 $19,400 $77,600
2016 $3,578 $97,000 $19,400 $77,600
2015 $3,431 $93,500 $36,600 $56,900
2014 -- $93,500 $36,600 $56,900
Source: Public Records

Agents Affiliated with this Home

  • Ryan Gehris

    Seller's Agent in 2024

    Ryan Gehris

    Unreal Estate Brokerage LLC

    (866) 807-9087

    1 in this area

    2,249 Total Sales

    Ryan Gehris
    Section Image

  • J

    Buyer's Agent in 2024

    Joe Gunther

    Empire Real Estate Firm LLC

    7 in this area

    44 Total Sales

    Joe Gunther
    Section Image

  • J

    Buyer's Agent in 2024

    Joseph Gunther

    CM Fox Real Estate

See All Agents

Map

Source: Global MLS

MLS Number: 202415805

Global MLS

APN: 010100-065-069-0001-036-000-0000

New York Albany County Albany 12203 Pine Hills

423 Hamilton St, Albany, NY

This home is located at 423 Hamilton St, Albany, NY 12203 since 24 April 2024 and is currently estimated at $363,269, approximately $160 per square foot. This property was built in 1905. 423 Hamilton St is a home located in Albany County with nearby schools including Stephen And Harriet Myers Middle School, Roots Academy at West Hill, 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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