NOT LISTED FOR SALE

5 Park Place Schenectady, NY 12305

Downtown Schenectady Neighborhood

Estimated Value: $191,701 - $249,000

4 Beds
2 Baths
2,700 Sq Ft
$82/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $113,300 $42 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $1,586/month

9 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Heating System Uses Natural Gas
  • Cooling System Mounted In Outer Wall Opening
  • Wood Siding

About This Home

As of November 2018

Great investment property or owner occupied.. walking distance to union college, bars, restaurants,bus line.. all separate utilities easy to rent.. great location.. newer roof -- Very Good Condition

Last Agent to Sell the Property

Christopher Maddalone

Hunt Real Estate ERA License #10401236414 Listed on: 08/20/2018

Hunt Real Estate ERA

Last Buyer's Agent

Ruth Ann Abrahamson

Coldwell Banker Prime Properties License #10401290292

Coldwell Banker Prime Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,650

Year Built

  • Built in 1918

Lot Details

  • Lot Dimensions are 30x67
  • Level Lot

Home Design

  • Duplex
  • Wood Siding
  • Asphalt

Interior Spaces

  • 2,700 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 16 / 2
  • Assessor Parcel Number 421500 39.65-2-16

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,650

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1918
  • Directions: Union St to Seward left on Park Place
  • Above Grade Finished Sq Ft: 2700.0
  • Financial Details General Taxes: 2943.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 1708.0
  • School Taxes Description: Actual
  • Lot Size: 30x67
  • New Construction: No
  • Possession Possession Legacy: Leased
  • Sale Detail Seller Contribution: Yes
  • Rental Income Description: Actual
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 4
  • Living Area: 2700.0
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Radiant, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Radiant: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 2 Amenities:Vaulted Ceiling(s)3: Yes

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Lot Features: Level
  • Parcel #: 421500 39.65-2-16

Tax Info

  • Tax Annual Amount: 4650.0
  • Tax Block: 2
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Nov 15, 2018
Sold by
Tusty James
Bought by
Knudsen Justin R
Seller's Agent
Christopher Maddalone
Hunt Real Estate ERA
Buyer's Agent
Ruth Ann Abrahamson
Coldwell Banker Prime Properties
List Price
$115,000
Sold Price
$113,300
Premium/Discount to List
-$1,700
-1.48%
Current Estimated Value
$222,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,375
Avg. Annual Appreciation
9.90%
Original Mortgage
$96,305
Outstanding Balance
$84,347
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$138,328
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
Knudsen Justin R $113,500 Stewart Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knudsen Justin R $96,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2018 11/20/18 Sold $113,300 -1.5% $42 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $115,000 -- $43 / 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 $5,060 $80,500 $12,100 $68,400
2023 $49 $80,500 $12,100 $68,400
2022 $4,740 $80,500 $12,100 $68,400
2021 $4,701 $80,500 $12,100 $68,400
2020 $4,612 $80,500 $12,100 $68,400
2019 $2,944 $80,500 $12,100 $68,400
2018 $4,652 $80,500 $12,100 $68,400
2017 $3,945 $80,500 $12,100 $68,400
2016 $4,750 $80,500 $12,100 $68,400
2015 -- $80,500 $12,100 $68,400
2014 -- $80,500 $12,100 $68,400
Source: Public Records

Agents Affiliated with this Home

  • Christopher Maddalone

    Seller's Agent in 2018

    Christopher Maddalone

    Hunt Real Estate

    (518) 346-8600

    2 in this area

    7 Total Sales

    Christopher Maddalone
    Section Image

  • R

    Buyer's Agent in 2018

    Ruth Ann Abrahamson

    Coldwell Banker Prime Properties

    Section Image
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Map

Source: Global MLS

MLS Number: 201827234

Global MLS

APN: 039-065-0002-016-000-0000

New York Schenectady County Schenectady 12305 Downtown Schenectady

5 Park Place, Schenectady, NY

Not Listed for Sale

MultiFamily

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