J
Seller's Agent in 2024
Jonathan Holland
PMI Capital District
(518) 618-6872
3 in this area
31 Total Sales
506 3rd St Albany, NY 12206
West Hill NeighborhoodEstimated Value: $130,000 - $246,000
4
Beds
4
Baths
3,128
Sq Ft
$66/Sq Ft
Est. Value
Highlights
- Deck
- Bathroom on Main Level
- Paddle Fans
- No HOA
- Baseboard Heating
- High Speed Internet
About This Home
As of April 2024Wonderful opportunity to own a 4-family (2 duplexes) in Albany! This income producing multi-unit has owner-occupancy potential. 2 recently remodeled units w/ new appliances and flooring have estimated rents of $850/mo. each. Another is currently rented w/ a long-term tenant at $715/mo. Additional unit estimated at $715/mo. Total potential rental income of $37,560/year ($3,130/month)!
This property boasts rear decks that are under 10 yrs old, energy efficient windows, 4 hot water heaters, and 1 boiler w/ each unit having a preset thermostat.
Tenants pay separate electric and hot water (owner furnishes heat). All units have yard access. Property is zoned R-2 District and has a full basement w/ multiple potential uses. Conveniently located near bus line and local park. A must see!
Last Agent to Sell the Property
PMI Capital District License #10401281390 Listed on: 12/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,776
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- Quadruplex
- Aluminum Siding
Interior Spaces
- 3,128 Sq Ft Home
- 2-Story Property
- Paddle Fans
- Walk-Out Basement
Flooring
- Carpet
- Linoleum
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathroom on Main Level
- 4 Full Bathrooms
Outdoor Features
- Deck
Schools
- Albany High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
Community Details
- No Home Owners Association
Listing and Financial Details
- Tenant pays for hot water, internet, snow removal, cable TV, electricity, gas
- The owner pays for trash collection, sewer, water, heat
- Legal Lot and Block 64 / 1
- Assessor Parcel Number 010100 65.39-1-64
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2023
Closed on
Apr 12, 2024
Sold by
506-508 Third Street Llc
Bought by
Oco Properties Llc
Seller's Agent
Jonathan Holland
PMI Capital District
Buyer's Agent
Keith Wells
Realty One Group Key
List Price
$229,900
Sold Price
$207,000
Premium/Discount to List
-$22,900
-9.96%
Views
53
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
$856
Avg. Annual Appreciation
0.27%
Original Mortgage
$196,800
Outstanding Balance
$193,854
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$14,002
Purchase Details
Closed on
Nov 14, 2017
Sold by
Davis Daniel W and Davis Virginia
Bought by
506508 Third Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.91%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 18, 2001
Purchase Details
Closed on
Dec 30, 1999
Sold by
Mason Joseph
Bought by
Davis Michelle
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 |
|---|---|---|---|
| Oco Properties Llc | $1,408,500 | None Listed On Document | |
| 506508 Third Street Llc | -- | None Available | |
| -- | -- | -- | |
| Davis Michelle | $30,000 | Anthony Cardona |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oco Properties Llc | $196,800 | |
| Previous Owner | 506508 Third Street Llc | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $207,000 | -10.0% | $66 / Sq Ft |
| 02/05/2024 02/05/24 | Pending | -- | -- | -- |
| 12/01/2023 12/01/23 | For Sale | $229,900 | -- | $73 / 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 | $2,400 | $87,000 | $17,400 | $69,600 |
| 2023 | $2,120 | $44,000 | $8,800 | $35,200 |
| 2022 | $1,876 | $44,000 | $8,800 | $35,200 |
| 2021 | $1,872 | $44,000 | $8,800 | $35,200 |
| 2020 | $1,669 | $44,000 | $8,800 | $35,200 |
| 2019 | $1,732 | $44,000 | $8,800 | $35,200 |
| 2018 | $1,673 | $44,000 | $8,800 | $35,200 |
| 2017 | $1,662 | $44,000 | $8,800 | $35,200 |
| 2016 | $1,623 | $44,000 | $8,800 | $35,200 |
| 2015 | $1,670 | $45,500 | $2,700 | $42,800 |
| 2014 | -- | $45,500 | $2,700 | $42,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Holland
-
Caralynn Holland
Seller Co-Listing Agent in 2024
Caralynn Holland
PMI Capital District
(518) 275-3658
1 in this area
27 Total Sales
-
Keith Wells
Buyer's Agent in 2024
Keith Wells
Realty One Group Key
(518) 271-7630
11 in this area
95 Total Sales
Map
Source: Global MLS
MLS Number: 202329006
APN: 010100-065-039-0001-063-000-0000
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