NOT LISTED FOR SALE

516 Hamilton St Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $242,000 - $280,000

6 Beds
2 Baths
2,156 Sq Ft
$122/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $120,000 $56 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,914/month

43 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 1-minute walk to Madison Avenue Park
  • Hot Water Heating System

About This Home

As of October 2017

Excellent opportunity to purchase a 2 Family in a desirable area, and immediately create value by bringing rents to market value. Building has 2 3-Bedroom units. Market rents for the area are $350-400. Can be sold as a package with 526, 503 Hamilton St and 17 Western Ave.

Last Agent to Sell the Property

Shane Mahar

Madison Park Real Estate License #10491207239 Listed on: 08/16/2017

Last Buyer's Agent

Emily Modan

Howard Hanna Capital Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,529

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 22x132

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2,156 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 2 / 4
  • Assessor Parcel Number 010100 65.61-4-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,529

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Directions: Madison to Partridge to Hamilton
  • Above Grade Finished Sq Ft: 2156.0
  • Financial Details General Taxes: 2532.0
  • Financial Details School Taxes: 2997.0
  • Lot Size: 22x132
  • New Construction: No
  • Possession Possession Legacy: 5/25/18
  • Sale Detail Seller Contribution: No
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 2156.0
  • Full Basement: Yes

Exterior Features

  • Construction Type: Wood Siding
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.61-4-2

Tax Info

  • Tax Annual Amount: 5529.0
  • Tax Block: 4
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2011
Sold by
Peterson Derek
Bought by
516 Hamilton Llc
Current Estimated Value
$263,598

Purchase Details

Closed on
Oct 1, 2009
Sold by
Nagy Benjamin J and Jankow Ryan A
Bought by
Peterson Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
5.02%

Purchase Details

Closed on
Feb 11, 2009
Sold by
Mcgowan James B
Bought by
Nagy Benjamin J and Jankow Ryan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
5.02%

Purchase Details

Closed on
Dec 17, 2007
Sold by
Green Point Mortgage
Bought by
Mcgowan James

Purchase Details

Closed on
Dec 3, 2007
Sold by
Greenpoint Mortgage Funding Inc
Bought by
Mcgowan James B

Purchase Details

Closed on
Jan 11, 2007
Sold by
Lynch Guy
Bought by
Greenpoint Mortgage

Purchase Details

Closed on
Apr 5, 2005
Sold by
516 Hamilton Street Llc
Bought by
Lynch Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,300
Interest Rate
5.38%
Mortgage Type
Credit Line Revolving
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
516 Hamilton Llc -- --
516 Hamilton Llc -- None Available
Peterson Derek $168,000 Old Heritage Title Agency
Nagy Benjamin J $132,000 None Available
Mcgowan James $70,000 Larry F Gardner
Mcgowan James B $70,000 None Available
Greenpoint Mortgage $500 --
Lynch Guy $122,325 Dorothy R Tischler
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Derek $132,800
Previous Owner Nagy Benjamin J $105,600
Previous Owner Lynch Guy $12,300
Previous Owner Lynch Guy $97,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2017 10/31/17 Sold $120,000 -17.2% $56 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $145,000 -- $67 / 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 $6,310 $233,000 $46,600 $186,400
2023 $5,462 $134,000 $26,800 $107,200
2022 $5,345 $134,000 $26,800 $107,200
2021 $5,333 $134,000 $26,800 $107,200
2020 $5,084 $134,000 $26,800 $107,200
2019 $4,903 $134,000 $26,800 $107,200
2018 $5,096 $134,000 $26,800 $107,200
2017 $2,533 $134,000 $26,800 $107,200
2016 $5,530 $134,000 $26,800 $107,200
2015 $4,844 $132,000 $28,300 $103,700
2014 -- $132,000 $28,300 $103,700
Source: Public Records

Agents Affiliated with this Home

  • Shane Mahar

    Seller's Agent in 2017

    Shane Mahar

    Madison Park Real Estate

    (518) 281-0815

    6 in this area

    43 Total Sales

    Shane Mahar
    Section Image

  • E

    Buyer's Agent in 2017

    Emily Modan

    Howard Hanna Capital Inc

    Section Image
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Map

Source: Global MLS

MLS Number: 201716281

Global MLS

APN: 010100-065-061-0004-002-000-0000

New York Albany County Albany 12203 Pine Hills

516 Hamilton St, Albany, NY

Not Listed for Sale

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Information is deemed reliable but not guaranteed.



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