NOT LISTED FOR SALE

522 Madison Ave Albany, NY 12208

Park South Neighborhood

Estimated Value: $584,000 - $638,000

9 Beds
6 Baths
4,644 Sq Ft
$132/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $690,000 $149 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $4,499/month

3 Days on Market

Highlights

  • Senior Community
  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Marble Flooring
  • No HOA
  • 3-minute walk to Morris Street Park

About This Home

As of April 2021

This stunning 3-unit historic building is overlooking Washington Park with amazing views! Seeing is truly believing. All luxury units have been completely redone from top to bottom. Each unit has 3 bedrooms and 2 full baths. Each kitchen features custom cabinets and quartz countertops. High end appliances. Brand new hardwood floors throughout. Each bathroom has marble floors and ceramic tiled shower with high end faucets and fixtures. Every window in the entire unit has been replaced. 2nd and 3rd floor units each have an office overlooking the Park. All units have washer and dryers included. New rubber roof. You are literally just steps away from Washington Park, Center Square and Lark Street. Nothing to do but move in and collect rents or move in and have tenants pay your mortgage! Superior Condition

Last Agent to Sell the Property

Brian Sinkoff

Miuccio Real Estate Group Listed on: 03/20/2021

Last Buyer's Agent

Colin McDonald

McDonald Real Estate Comp LLC License #10491210476

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,948

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 22 x 100
  • Privacy Fence
  • Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 4,644 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Marble

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, cable TV, central air, electricity, gas
  • The owner pays for trash collection
  • Legal Lot and Block 15 / 1
  • Assessor Parcel Number 010100 76.23-1-15
  • Seller Concessions Not Offered

Community Details

Overview

  • Senior Community
  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,948

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 960.0
  • Year Built: 1903
  • Directions: House is located on Madison Avenue directly across the street from Washington Park.
  • Above Grade Finished Sq Ft: 4644.0
  • Architectural Style: Traditional
  • Financial Details General Taxes: 1798.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 3150.0
  • School Taxes Description: Actual
  • Lot Size: 22 x 100
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number of Separate Water Meters: 3
  • Electric Expense Description: Estimated
  • Gas Expense Description: None
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: See Remarks
  • Oil Expense Description: None
  • Income: 81000.0
  • Income Description: Estimated
  • Number Of Air Conditoners: 3
  • Number of Dishwashers: 3
  • Unit Information Number Of Dryers: 3
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Unit Information Number Of Washers: 3
  • Fencing:Privacy: Yes
  • Flooring:Hardwood: Yes
  • Cooling:Central Air: Yes
  • Fencing:Fenced: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Marble
  • Basement: Full
  • Living Area: 4644.0
  • Owner Pays: Trash Collection
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Fencing: Privacy, Fenced
  • Waterfront: No
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Cleared: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: 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

  • Lot Features: Level, Cleared
  • Parcel #: 010100 76.23-1-15

Rental Info

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

Multi Family

  • Insurance Expense: 1400.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4948.0
  • Tax Block: 1
  • Tax Lot: 15
  • Tax Tract: 76.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2015
Sold by
Sealey Sharon and M&T Bank
Bought by
Benitez Sergio
Current Estimated Value
$611,000

Purchase Details

Closed on
Feb 23, 2009
Sold by
Colman Ruth M
Bought by
Sealey Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Benitez Sergio $118,000 None Available
Sealey Sharon $272,500 Anne Reynolds Copps
Sealey Sharon $272,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sealey Sharon $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $690,000 -1.3% $149 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $699,000 -- $151 / 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 $14,043 $575,000 $115,000 $460,000
2023 $12,490 $310,000 $20,400 $289,600
2022 $9,436 $310,000 $20,400 $289,600
2021 $5,215 $100,000 $20,400 $79,600
2020 $5,049 $100,000 $20,400 $79,600
2019 $3,937 $100,000 $20,400 $79,600
2018 $4,814 $100,000 $20,400 $79,600
2017 $5,376 $100,000 $20,400 $79,600
2016 $13,908 $288,800 $20,400 $268,400
2015 $10,969 $220,000 $15,500 $204,500
2014 -- $220,000 $15,500 $204,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brian Sinkoff

    Miuccio Real Estate Group

    Section Image
  • Colin McDonald

    Buyer's Agent in 2021

    Colin McDonald

    McDonald Real Estate Comp LLC

    (518) 505-4977

    4 in this area

    153 Total Sales

    Colin McDonald
    Section Image
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Map

Source: Global MLS

MLS Number: 202114151

Global MLS

APN: 010100-076-023-0001-015-000-0000

New York Albany County Albany 12203 Park South

522 Madison Ave, Albany, NY

This home is located at 522 Madison Ave, Albany, NY 12208 since 20 March 2021 and is currently estimated at $611,000, approximately $131 per square foot. This property was built in 1903. 522 Madison Ave is a home located in Albany County with nearby schools including Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School, and Albany High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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