NOT LISTED FOR SALE

514 Washington Ave Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $313,974 - $484,000

9 Beds
3 Baths
3,678 Sq Ft
$106/Sq Ft Est. Value

Last Sold January 13, 2020

Last sale price $230,000 $63 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,673/month

18 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Wood Siding
  • Wood Flooring
  • Baseboard Heating

About This Home

As of January 2020

This spacious triplex in Pine Hills with a 9.8 Cap Rate and a 6.8 Gross Rent Multiplier was completely renovated 10 years ago and the work still shows. The hardwoods have been refinished recently and the sun gleams off the polyurethane. All the windows are two pane vinyl, the boilers are 10 years old also. Separate Utilities. Reliable tenants and low maintenance make this investment an easy decision for investors at any level. Quick commute to Hospitals, Colleges and Downtown Albany. Excellent Condition, Very Good Condition

Last Agent to Sell the Property

John DiBlasi

Exit Realty Empire Associates Listed on: 09/30/2019

Last Buyer's Agent

Sarah Anthony

Madison Park Real Estate License #10401309989

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,408

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 23 x 80

Home Design

  • Triplex
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • 3,678 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Schools

  • Albany School Of Humanities Elementary School
  • Albany High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, cable TV, electricity, gas
  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 010100 65.62-2-4

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,408

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Single Residence
  • Year Built: 1900
  • Directions: Washington Avenue between Quail Street and Cortland Place
  • Above Grade Finished Sq Ft: 3678.0
  • Architectural Style: Triplex
  • Financial Details General Taxes: 2302.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 4106.0
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.05
  • Lot Size: 23 x 80
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number of Separate Water Meters: 1
  • Insurance Expense Description: Estimated
  • Water Sewer Expense Description: Estimated
  • Income: 33000.0
  • Income Description: Estimated
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Flooring:Laminate: Yes
  • Flooring:Hardwood: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Laminate
  • Basement: Full
  • Living Area: 3678.0
  • Full Basement: Yes
  • Attic Features:None16: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Wood Siding
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.62-2-4
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 1200.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6408.0
  • Tax Block: 2
  • Tax Lot: 4

MLS Schools

  • Elementary School: Albany School of Humanities
  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2022
Sold by
Ariel Cordero
Bought by
514Washington Llc
Current Estimated Value
$391,244

Purchase Details

Closed on
Feb 14, 2018
Sold by
Husain Liaquat
Bought by
Delmar Albany Realty Llc

Purchase Details

Listed on
Oct 15, 2015
Closed on
Nov 4, 2016
Sold by
Hower Jennifer
Bought by
Husain Liaquat
Seller's Agent
Karen Jones
Better Homes and Gardens Tech
Buyer's Agent
Arthur I. Middlestead
RealtyUSA.com
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$126,000
Interest Rate
3.42%

Purchase Details

Closed on
Jul 15, 2008
Sold by
Hoffman Raymond
Bought by
Hower Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,925
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Hoffman Raymond and Hoffman Maria

Purchase Details

Closed on
Jan 23, 2008
Sold by
Deutsche Bank Natl Trust Co
Bought by
Hoffman Raymond

Purchase Details

Closed on
Jun 20, 2007

Purchase Details

Closed on
Jul 15, 2005
Sold by
514 Washington Avenue Llc
Bought by
Mebus Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2002

Purchase Details

Closed on
Nov 4, 1999
Sold by
Muia Jean M and Brown Glenn
Bought by
First Union National Bank

Purchase Details

Closed on
Dec 15, 1997

Purchase Details

Closed on
Jun 20, 1996
Sold by
First Federal Savings And Loan
Bought by
Muia Luisa M and Muia Peter A

Purchase Details

Closed on
Mar 15, 1996
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
514Washington Llc -- None Listed On Document
823 Myrtle Avenue Llc -- None Listed On Document
Delmar Albany Realty Llc -- None Available
Husain Liaquat $180,000 None Available
Hower Jennifer $195,900 --
Hoffman Raymond $39,000 None Available
Hoffman Raymond $39,000 Amy Calabrese
-- $143,222 --
Deutshe Bank National Trust Co $143,500 None Available
Mebus Jack $150,000 Dorothy R Tischler
-- -- --
First Union National Bank $100,000 --
-- -- --
Muia Luisa M $55,000 --
-- $135,084 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Husain Liaquat $126,000
Previous Owner Hower Jennifer $146,925
Previous Owner Mebus Jack $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2020 01/13/20 Sold $230,000 +2.3% $63 / Sq Ft
10/18/2019 10/18/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $224,900 +24.9% $61 / Sq Ft
11/04/2016 11/04/16 Sold $180,000 -9.5% $49 / Sq Ft View Prior Sale
04/08/2016 04/08/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $199,000 -- $54 / 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 $7,352 $277,500 $74,200 $203,300
2023 $7,287 $178,000 $35,600 $142,400
2022 $7,131 $178,000 $35,600 $142,400
2021 $7,115 $178,000 $35,600 $142,400
2020 $6,799 $178,000 $35,600 $142,400
2019 $7,008 $178,000 $35,600 $142,400
2018 $6,770 $178,000 $35,600 $142,400
2017 $2,584 $178,000 $35,600 $142,400
2016 $6,565 $178,000 $35,600 $142,400
2015 $6,349 $168,000 $33,600 $134,400
2014 -- $168,000 $33,600 $134,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John DiBlasi

    Exit Realty Empire Associates

  • S

    Buyer's Agent in 2020

    Sarah Anthony

    Madison Park Real Estate

  • K

    Seller's Agent in 2016

    Karen Jones

    Better Homes and Gardens Tech

  • A

    Buyer's Agent in 2016

    Arthur I. Middlestead

    RealtyUSA.com

  • S

    Buyer's Agent in 2016

    Sawsan Salamah

    COLDWELL BANKER PRIME PROP.

See All Agents

Map

Source: Global MLS

MLS Number: 201931651

Global MLS

APN: 010100-065-062-0002-004-000-0000

New York Albany County Albany 12203 Pine Hills

514 Washington Ave, Albany, NY

Not Listed for Sale

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