NOT LISTED FOR SALE

516 Washington Ave Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $208,000 - $221,000

6 Beds
2 Baths
1,760 Sq Ft
$122/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $167,000 $95 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,345/month

10 Days on Market

Highlights

  • Full Attic
  • Laundry Room
  • Level Lot
  • No HOA
  • Hot Water Heating System
  • Carpet

About This Home

As of July 2022

Spacious and bright two family house located in desirable area, close to SUNY Albany and other colleges. Both units are leased. A great investment opportunity. Updated bathrooms and newer appliances. 24 hour notice needed. Brand new laminate floors installed in the lower unit. Multiple offer situation, best and final offer due by 7 pm Tuesday May 17th.

Last Agent to Sell the Property

Binglin Li

KW Platform License #10301212642 Listed on: 05/10/2022

KW Platform

Last Buyer's Agent

Steve Davis

Realty Resource Connection License #37DA0833034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,217

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot

Home Design

  • Duplex
  • Block Foundation
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Full Attic
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Albany High School

Utilities

  • No Cooling
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 65.62-2-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,217

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Directions: GPS
  • Above Grade Finished Sq Ft: 1760.0
  • Lot Size Acres: 0.04
  • New Construction: No
  • Sale Detail Seller Contribution: No
  • Rental Income: 2460.0
  • Rental Income Description: Actual
  • Flooring:Carpet: Yes
  • Fencing:Back Yard: Yes
  • Foundation Details:Block2: Yes
  • Electric:Circuit Breakers: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Basement: Full, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Living Area: 1760.0
  • Owner Pays: Water
  • Full Basement: Yes
  • Basement:Unfinished: Yes
  • Attic Features:Full2: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Rubber
  • Construction Type: Vinyl Siding
  • Fencing: Back Yard
  • Foundation Details: Block
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Open Parking: No
  • Property Detail:Parking YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Hot Water
  • Laundry Features: Laundry Room
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Level
  • Parcel #: 65.62-2-3
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 4217.0

MLS Schools

  • HighSchool: Albany

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 13, 2022
Sold by
Xia Sun Ming
Bought by
Kurup Omana
Seller's Agent
Binglin Li
KW Platform
Buyer's Agent
Steve Davis
Realty Resource Connection
List Price
$169,900
Sold Price
$167,000
Premium/Discount to List
-$2,900
-1.71%
Current Estimated Value
$214,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,561
Avg. Annual Appreciation
7.67%
Original Mortgage
$116,900
Outstanding Balance
$111,879
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$102,682

Purchase Details

Listed on
Sep 15, 2018
Closed on
Dec 19, 2018
Sold by
Fevola Louis J and Stumpf Frank K
Bought by
Sun Ming Xia
Seller's Agent
Michael Schulman
Weichert, Realtors - Tri-City Properties
Buyer's Agent
Caitlin Montalvo
Monticello
List Price
$99,750
Sold Price
$90,000
Premium/Discount to List
-$9,750
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.91%
Original Mortgage
$58,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 3, 2005
Sold by
Viglucci Michael J Jr Risa
Bought by
Fevola Louis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,300
Interest Rate
5.64%
Mortgage Type
New Conventional
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
Kurup Omana $167,000 --
Sun Ming Xia $90,000 None Available
Fevola Louis J $87,000 George Faeth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurup Omana $116,900
Previous Owner Sun Ming Xia $58,500
Previous Owner Fevola Louis J $78,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2022 07/13/22 Sold $167,000 -1.7% $95 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $169,900 +88.8% $97 / Sq Ft
12/19/2018 12/19/18 Sold $90,000 -9.8% $51 / Sq Ft View Prior Sale
10/15/2018 10/15/18 Pending -- -- --
09/15/2018 09/15/18 For Sale $99,750 0.0% $57 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $99,750 0.0% $57 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
10/05/2017 10/05/17 For Sale $99,750 -- $57 / 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 $6,563 $169,400 $36,800 $132,600
2023 $4,319 $105,000 $21,000 $84,000
2022 $4,227 $105,000 $21,000 $84,000
2021 $4,218 $105,000 $21,000 $84,000
2020 $3,984 $105,000 $21,000 $84,000
2019 $4,134 $105,000 $21,000 $84,000
2014 -- $101,700 $20,300 $81,400
Source: Public Records

Agents Affiliated with this Home

  • Binglin Li

    Seller's Agent in 2022

    Binglin Li

    KW Platform

    (518) 290-6851

    7 in this area

    270 Total Sales

    Binglin Li
    Section Image
  • Steve Davis

    Buyer's Agent in 2022

    Steve Davis

    Realty Resource Connection

    (518) 577-1319

    2 in this area

    40 Total Sales

    Steve Davis
    Section Image
  • Michael Schulman

    Seller's Agent in 2018

    Michael Schulman

    Weichert, Realtors - Tri-City Properties

    (518) 506-3193

    1 Total Sale

    Michael Schulman
    Section Image

  • C

    Buyer's Agent in 2018

    Caitlin Montalvo

    Monticello

See All Agents

Map

Source: Global MLS

MLS Number: 202217312

Global MLS

APN: 010100-065-062-0002-003-000-0000

New York Albany County Albany 12203 Pine Hills

516 Washington Ave, Albany, NY

Not Listed for Sale

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