492 Olean St Schenectady, NY 12306
Rotterdam NeighborhoodEstimated Value: $152,000 - $201,145
5
Beds
3
Baths
1,300
Sq Ft
$128/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 3 Car Attached Garage
- Bathroom on Main Level
- No HOA
- Window Unit Cooling System
- Baseboard Heating
About This Home
As of December 2022Best and final due Sunday 5pm 10/16. Cash Flow! Build wealth by living here or investing in this fully-occupied home with cash flow! A character rich duplex, makes this a smart buy in a great spot in Rotterdam. This duplex is currently used as 3 unit (basement unit) and can easily be converted back to single family or to commercial use property. This is an amazing opportunity for homebuyers looking for a multi-fam floor plan or investors seeking solid cash flow, lots of storage above 2 car garage, fenced yard, Easy to rent and close to everything.
Property sold as-is. Inspections for review only.
Renovated value over 160k!
In commercial zoning district Gen Business B-2
Fully occupied.No leases
1st Floor - $900 with 3BR/1BA -
2nd Floor - $775 with 2BR/1BA -
Basement - $475 with 1BR1BA -
Co-Listed By
Matthew Begin
KW Platform License #10401361180
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,044
Year Built
- Built in 1950
Lot Details
- 3,049 Sq Ft Lot
- Fenced Front Yard
- Cleared Lot
Parking
- 3 Car Attached Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Block Foundation
- Shingle Roof
- Metal Roof
- Wood Siding
- Cedar Siding
Interior Spaces
- 1,300 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathroom on Main Level
- 3 Full Bathrooms
Laundry
- Laundry on upper level
- Washer and Dryer Hookup
Basement
- Heated Basement
- Exterior Basement Entry
- Apartment Living Space in Basement
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Community Details
- No Home Owners Association
- Insurance Expense $1,104
Listing and Financial Details
- The owner pays for trash collection, sewer, snow removal, water, electricity, gas, heat
- Legal Lot and Block 10 / 7
- Assessor Parcel Number 422800 48.15-7-10
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2022
Closed on
Dec 9, 2022
Sold by
Gorsin Steven
Bought by
Singh Esaw Hamid
Seller's Agent
Scott Varley
KW Platform
Buyer's Agent
Laura Sherman
Jurena Michael D
List Price
$125,000
Sold Price
$125,000
Total Days on Market
18
Views
156
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
$42,036
Avg. Annual Appreciation
12.29%
Original Mortgage
$87,500
Outstanding Balance
$85,305
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$81,731
Similar Homes in Schenectady, 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Singh Esaw Hamid | $125,000 | American Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singh Esaw Hamid | $87,500 | |
| Closed | Singh Esaw Hamid | $87,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2022 12/09/22 | Sold | $125,000 | +8.7% | $96 / Sq Ft |
| 10/16/2022 10/16/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | Price Changed | $115,000 | -8.0% | $88 / Sq Ft |
| 09/28/2022 09/28/22 | For Sale | $125,000 | -- | $96 / 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 | $3,495 | $94,000 | $4,200 | $89,800 |
| 2023 | $3,495 | $94,000 | $4,200 | $89,800 |
| 2022 | $3,474 | $94,000 | $4,200 | $89,800 |
| 2021 | $3,379 | $94,000 | $4,200 | $89,800 |
| 2020 | $3,582 | $94,000 | $4,200 | $89,800 |
| 2019 | $1,709 | $94,000 | $4,200 | $89,800 |
| 2018 | $3,420 | $94,000 | $4,200 | $89,800 |
| 2017 | $3,422 | $94,000 | $4,200 | $89,800 |
| 2016 | $3,507 | $94,000 | $4,200 | $89,800 |
| 2015 | -- | $94,000 | $9,800 | $84,200 |
| 2014 | -- | $94,000 | $9,800 | $84,200 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Varley
Seller's Agent in 2022
Scott Varley
KW Platform
(518) 281-6808
13 in this area
951 Total Sales
-
M
Seller Co-Listing Agent in 2022
Matthew Begin
KW Platform
(518) 928-4734
-
Laura Sherman
Buyer's Agent in 2022
Laura Sherman
Jurena Michael D
(518) 935-3837
3 in this area
23 Total Sales
Map
Source: Global MLS
MLS Number: 202227443
APN: 048-015-0007-010-000-0000
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