NOT LISTED FOR SALE

480 Hamilton St Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $260,000 - $342,000

6 Beds
3 Baths
2,894 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $235,000 $81 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,270/month

86 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Bathroom on Main Level
  • Wood Flooring
  • Front Porch
  • 4-minute walk to Madison Avenue Park

About This Home

As of July 2024

Welcome to this promising 2-family home with off street parking nestled in Albany's charming Pine Hill neighborhood! Perfect for savvy investors or those seeking a multifamily living arrangement, this property boasts fantastic income potential. While it may need a little TLC and cleanup, envision the possibilities to revitalize this gem into a profitable investment. Conveniently located and brimming with potential.

Last Agent to Sell the Property

Doug Bricker

KW Platform License #30BR0747387 Listed on: 03/09/2024

KW Platform

Last Buyer's Agent

Nathaly Wynn

Vera Cohen Realty, LLC License #10401369853

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 6,534

Home Design

  • Duplex
  • Traditional Architecture
  • Asbestos Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,894 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathroom on Main Level
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Pine Hills Elementary School
  • Albany High School

Additional Features

  • Front Porch
  • 6,534 Sq Ft Lot
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for hot water, heat, electricity
  • The owner pays for sewer, water
  • Assessor Parcel Number 010100 65.69-2-26

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Directions: Henry Johnson Blvd, turn right onto Washington Ave. Left onto Ontario St. Turn left at 2nd cross street onto Hamilton. House on right.
  • Above Grade Finished Sq Ft: 2894.0
  • Architectural Style: Traditional
  • Financial Details General Taxes: 7823.63
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 5293.54
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.15
  • Parking Features Parking Total: 6.0
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Rental Income: 4000.0
  • Rental Income Description: Monthly
  • Income Description: Estimated
  • Flooring:Hardwood: Yes
  • Flooring:Vinyl: Yes
  • Architectural Style:Traditional: Yes
  • Levels Bi-Level: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Hardwood
  • Basement: Full, Unfinished
  • Interior Amenities: Other
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Living Area: 2894.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Bathroom Levels Full Bathroom 3: 3rd
  • Owner Pays: Sewer, Water
  • Full Basement: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Asbestos Shingle
  • Construction Type: Wood Siding
  • Patio And Porch Features: Front Porch
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Other58: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Parking Features: Off Street
  • Attached Garage: No
  • Open Parking: No
  • Total Parking Spaces: 6.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.69-2-26
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Electricity

Tax Info

  • Tax Annual Amount: 13117.17

MLS Schools

  • Elementary School: Pine Hills
  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
Jul 31, 2024
Sold by
Pounds Properties Llc
Bought by
Smith Michael A and Smith Tatum M
Seller's Agent
Doug Bricker
KW Platform
Buyer's Agent
Nathaly Wynn
Vera Cohen Realty, LLC
List Price
$299,000
Sold Price
$235,000
Premium/Discount to List
-$64,000
-21.4%
Views
267
Current Estimated Value
$308,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,709
Avg. Annual Appreciation
22.58%

Purchase Details

Closed on
Jun 10, 2012
Sold by
Pounds Norman F
Bought by
Pounds Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
3.84%

Purchase Details

Closed on
Jun 8, 2012
Sold by
Pounds Properties Llc
Bought by
Pounds Norman F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
3.84%

Purchase Details

Closed on
May 3, 2010
Sold by
Pounds Norman F
Bought by
Pounds Properties Llc

Purchase Details

Closed on
Jan 13, 2010
Sold by
Gelman Mitchell and Gelman Adam
Bought by
Pounds Norman F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,500
Interest Rate
5.05%

Purchase Details

Closed on
Jun 16, 2006

Purchase Details

Closed on
May 24, 2002
Sold by
Zeppetelli Anthony C
Bought by
Bernstein Stanley Bernstein
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Michael A $235,000 Chicago Title
Pounds Properties Llc -- None Available
Pounds Norman F -- None Available
Pounds Properties Llc -- None Available
Pounds Norman F $215,000 None Available
-- -- --
Gelman Mitchell -- None Available
Bernstein Stanley Bernstein $106,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pounds Norman F $171,000
Previous Owner Pounds Norman F $160,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $235,000 -6.0% $81 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $250,000 -16.4% $86 / Sq Ft
03/09/2024 03/09/24 For Sale $299,000 -- $103 / 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 $7,734 $296,000 $59,200 $236,800
2023 $9,010 $224,000 $44,800 $179,200
2022 $8,813 $224,000 $44,800 $179,200
2021 $8,794 $224,000 $44,800 $179,200
2020 $9,042 $224,000 $44,800 $179,200
2019 $8,819 $224,000 $44,800 $179,200
2018 $8,964 $224,000 $44,800 $179,200
2017 $5,010 $224,000 $44,800 $179,200
2016 $9,518 $224,000 $44,800 $179,200
2015 $10,104 $210,700 $42,100 $168,600
2014 -- $210,700 $42,100 $168,600
Source: Public Records

Agents Affiliated with this Home

  • Doug Bricker

    Seller's Agent in 2024

    Doug Bricker

    KW Platform

    (518) 640-4921

    1 in this area

    79 Total Sales

    Doug Bricker
    Section Image

  • N

    Buyer's Agent in 2024

    Nathaly Wynn

    Vera Cohen Realty, LLC

    Section Image
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Map

Source: Global MLS

MLS Number: 202413240

Global MLS

APN: 010100-065-069-0002-026-000-0000

New York Albany County Albany 12203 Pine Hills

480 Hamilton St, Albany, NY

Not Listed for Sale

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Information is deemed reliable but not guaranteed.



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