NOT LISTED FOR SALE

525 Summit Ave Schenectady, NY 12307

Hamilton Hill Neighborhood

Estimated Value: $210,791 - $338,000

6 Beds
2 Baths
2,466 Sq Ft
$103/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $19,000 $8 Per Sq Ft

Est. 1,240% increase in value since last sale

Current estimated payment $1,824/month

360 Days on Market

Highlights

  • Full Attic
  • 2 Car Detached Garage
  • Hot Water Heating System
  • No HOA
  • Forced Air Heating System

About This Home

As of February 2016

Excellent owner occupied or rental opportunity! Oversized flats with newer kitchens and hardwood floors. Vinyl siding, separate utilities. Water & Sewer is a flat rate already in the tax bill / expense! Fair Condition

Last Agent to Sell the Property

Todd Drake

Empire Real Estate Managment LLC License #49DR0967524 Listed on: 02/07/2015

Last Buyer's Agent

Angela Gonyo

Prime Listings, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • Lot Dimensions are 33 x 105

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,466 Sq Ft Home
  • Full Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Insurance Expense $1,100

Listing and Financial Details

  • Legal Lot and Block 56 / 3
  • Assessor Parcel Number 421500 49.31-3-56

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Year Built: 1904
  • Directions: Hamilton to Summit
  • Above Grade Finished Sq Ft: 2466.0
  • Lot Size: 33 x 105
  • New Construction: No
  • Parking Features Parking Total: 2.0
  • Possession Possession Legacy: Closing
  • Sale Detail Seller Contribution: No
  • Insurance Expense Description: Estimate
  • Water Sewer Expense Description: See Remarks
  • Rental Income Description: Estimated
  • Laundry Features:In Basement: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 2466.0
  • Full Basement: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Full2: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Hot Water, Natural Gas
  • Laundry Features: In Basement
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Built-in Features4: Yes
  • Unit 2 Amenities:Built-in Features5: Yes

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Parcel #: 421500 49.31-3-56

Multi Family

  • Insurance Expense: 1100.0

Tax Info

  • Tax Annual Amount: 4200.0
  • Tax Block: 3
  • Tax Lot: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2017
Sold by
Algabyali Adnan
Bought by
525 Summit Ave Llc
Current Estimated Value
$254,520

Purchase Details

Listed on
Feb 7, 2015
Closed on
Feb 18, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Algabyali Adam
Seller's Agent
Todd Drake
Empire Real Estate Managment LLC
Buyer's Agent
Angela Gonyo
Prime Listings, Inc
List Price
$29,900
Sold Price
$19,000
Premium/Discount to List
-$10,900
-36.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.89%

Purchase Details

Closed on
Oct 15, 2014
Sold by
Sitaram Chandrawattie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 30, 2006
Sold by
Cecil Mankad
Bought by
Sitaram Chandrawatti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2004
Sold by
City Of Schenectady
Bought by
Cecil Mankad

Purchase Details

Closed on
Jan 26, 1998
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
525 Summit Ave Llc -- None Available
Algabyali Adam $19,000 Stewart Title Insurance Co
Federal Home Loan Mortgage Corporation $79,354 Servicelink
Sitaram Chandrawatti $105,000 Michael Mansion
Cecil Mankad $2,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sitaram Chandrawatti $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2016 02/19/16 Sold $19,000 -36.5% $8 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
02/06/2015 02/06/15 For Sale $29,900 -- $12 / 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 $5,916 $101,400 $15,200 $86,200
2023 $57 $101,400 $15,200 $86,200
2022 $5,599 $101,400 $15,200 $86,200
2021 $5,557 $101,400 $15,200 $86,200
2020 $5,458 $101,400 $15,200 $86,200
2019 $3,357 $101,400 $15,200 $86,200
2018 $5,509 $101,400 $15,200 $86,200
2017 $4,853 $101,400 $15,200 $86,200
2016 $5,690 $101,400 $15,200 $86,200
2015 -- $101,400 $15,200 $86,200
2014 -- $101,400 $15,200 $86,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Todd Drake

    Empire Real Estate Managment LLC

    (518) 369-7247

    72 Total Sales

    Todd Drake
    Section Image

  • A

    Buyer's Agent in 2016

    Angela Gonyo

    Prime Listings, Inc

See All Agents

Map

Source: Global MLS

MLS Number: 201502232

Global MLS

APN: 049-031-0003-056-000-0000

New York Schenectady County Schenectady 12307 Hamilton Hill

525 Summit Ave, Schenectady, NY

Not Listed for Sale

MultiFamily

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