Seller's Agent in 2021
Rachel Henley
Henley Homes, Inc
(518) 356-1702
2 in this area
169 Total Sales
508 South Ave Schenectady, NY 12305
Downtown Schenectady NeighborhoodEstimated Value: $118,000 - $265,000
4
Beds
2
Baths
1,998
Sq Ft
$95/Sq Ft
Est. Value
About This Home
As of May 2021City of Schenectady Owned property. Unique property in downtown Schenectady revitalization neighborhood, zoned 2 family. This property is in need of repair & awaiting its new handyman owner to complete & make beautiful again. Property features almost 2000 sqft to work on so bring your imagination and invest in Schenectady! Property is near a new project on Barrett street which will include 23 New townhouse-style homes & 2 free standing homes. Cash and rehab loan offers are welcome. Please submit offers along with supporting documents required by the City to purchase. Proof of funds must show purchase price plus renovation costs. City code estimate $30,000 in repairs. Please submit your offer no later then the 24th. The PMC meeting is the 27th. Thank you!
Last Agent to Sell the Property
Henley Homes, Inc License #10311208614 Listed on: 01/06/2021
Last Buyer's Agent
William Keal
CM Fox Real Estate
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 40x60
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 1,998 Sq Ft Home
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 3 / 1
- Assessor Parcel Number 421500 39.65-1-3
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2021
Closed on
May 11, 2021
Sold by
City Of Schenectady
Bought by
Rambarack Jameela
Seller's Agent
Rachel Henley
Henley Homes, Inc
Buyer's Agent
William Keal
CM Fox Real Estate
List Price
$39,900
Sold Price
$30,000
Premium/Discount to List
-$9,900
-24.81%
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
$159,678
Avg. Annual Appreciation
53.24%
Original Mortgage
$20,000
Outstanding Balance
$19,340
Interest Rate
9%
Mortgage Type
New Conventional
Estimated Equity
$173,571
Purchase Details
Closed on
Dec 28, 2016
Sold by
The City Of Schenectady
Bought by
The Schenectady Urban Renewal Agency
Purchase Details
Closed on
Jul 29, 2016
Sold by
Frigolette Paula J and Singh Susan
Bought by
The City Of Schenectady
Purchase Details
Closed on
Oct 19, 2007
Sold by
Jj Bokan Properties Inc
Bought by
Lofts At Union Square Llc
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 |
|---|---|---|---|
| Rambarack Jameela | $30,000 | None Listed On Document | |
| City Of Schenectady | -- | None Available | |
| City Of Schenectady | -- | None Listed On Document | |
| The Schenectady Urban Renewal Agency | $500 | None Available | |
| The City Of Schenectady | $500 | None Available | |
| Lofts At Union Square Llc | $325,000 | Stephanie White |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | City Of Schenectady | $20,000 | |
| Closed | Rambarack Jameela | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/11/2021 05/11/21 | Sold | $30,000 | -24.8% | $15 / Sq Ft |
| 02/17/2021 02/17/21 | Pending | -- | -- | -- |
| 01/04/2021 01/04/21 | For Sale | $39,900 | -- | $20 / 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 | $4,239 | $63,000 | $9,500 | $53,500 |
| 2023 | $4,239 | $63,000 | $9,500 | $53,500 |
| 2022 | $5,344 | $63,000 | $9,500 | $53,500 |
| 2021 | $3,551 | $63,000 | $9,500 | $53,500 |
| 2020 | $1,378 | $63,000 | $9,500 | $53,500 |
| 2019 | $1,378 | $63,000 | $9,500 | $53,500 |
| 2018 | $1,378 | $63,000 | $9,500 | $53,500 |
| 2017 | $1,879 | $63,000 | $9,500 | $53,500 |
| 2016 | $3,206 | $63,000 | $9,500 | $53,500 |
| 2015 | -- | $63,000 | $9,500 | $53,500 |
| 2014 | -- | $63,000 | $9,500 | $53,500 |
Source: Public Records
Agents Affiliated with this Home
-
Rachel Henley
-
W
Buyer's Agent in 2021
William Keal
CM Fox Real Estate
Map
Source: Global MLS
MLS Number: 202110189
APN: 039-065-0001-003-000-0000
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