NOT LISTED FOR SALE

530 Morris St Unit PINE HILLS Albany, NY 12208

Pine Hills Neighborhood

Estimated Value: $266,519 - $417,000

4 Beds
3 Baths
2,598 Sq Ft
$135/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $205,000 $79 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,474/month

73 Days on Market

Highlights

  • Active Adult
  • Window Unit Cooling System
  • 2-minute walk to Ridgefield Park
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of October 2021

GREAT THREE-FAMILY INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF PINE HILLS JUST STEPS FROM THE COLLEGE OF ST. ROSE AND ALBANY'S HISTORIC WASHINGTON PARK. UPSIDE THROUGH INCREASING BELOW MARKET RENTS. STRONG AND DESIRABLE RENTAL AREA. (1) 3 BED / 1 BATH AND (2) 1 BED / 1 BATH UNITS. NEW ROOF AND GUTTERS +/-5 YEARS.

Last Agent to Sell the Property

Rudy Lynch

Carrow Real Estate Services LLC License #10301200002 Listed on: 04/20/2021

Last Buyer's Agent

Thomas Miller

Carrow Real Estate Services LLC License #10301214368

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,471

Year Built

  • Built in 1903

Lot Details

  • 3,920

Home Design

  • Triplex
  • Aluminum Siding

Interior Spaces

  • 2,598 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • Active Adult
  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 28 / 2
  • Assessor Parcel Number 010100 64.76-2-28

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,471

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1903
  • Directions: MORRIS STREET BETWEEN ONTARIO STREET AND PARTRIDGE STREET
  • Above Grade Finished Sq Ft: 2598.0
  • Architectural Style: Triplex
  • Lot Size: 0.09 ACRES
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 2598.0
  • Full Basement: Yes

Exterior Features

  • Construction Type: Aluminum Siding
  • Waterfront: No
  • Construction Materials:Aluminum Siding: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Radiant, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Radiant: 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 64.76-2-28

Tax Info

  • Tax Annual Amount: 7471.0
  • Tax Block: 2
  • Tax Lot: 28

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Oct 21, 2021
Sold by
Meyer Family Irrevocable Trust and Meyer Alan Christian
Bought by
Fazilov Yair
Seller's Agent
Rudy Lynch
Carrow Real Estate Services LLC
Buyer's Agent
Thomas Miller
Carrow Real Estate Services LLC
List Price
$239,000
Sold Price
$205,000
Premium/Discount to List
-$34,000
-14.23%
Current Estimated Value
$351,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,130
Avg. Annual Appreciation
13.92%
Original Mortgage
$153,750
Outstanding Balance
$140,368
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$210,762
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
Fazilov Yair $205,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fazilov Yair $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2021 10/21/21 Sold $205,000 -10.5% $79 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $229,000 -4.2% $88 / Sq Ft
04/19/2021 04/19/21 For Sale $239,000 -- $92 / 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 $7,583 $265,000 $53,000 $212,000
2023 $7,681 $188,000 $37,600 $150,400
2022 $7,516 $188,000 $37,600 $150,400
2021 $7,500 $188,000 $37,600 $150,400
2020 $7,133 $188,000 $37,600 $150,400
2019 $7,402 $188,000 $37,600 $150,400
2018 $7,150 $188,000 $37,600 $150,400
2017 $6,764 $188,000 $37,600 $150,400
2016 $6,934 $188,000 $37,600 $150,400
2015 $6,503 $177,200 $35,400 $141,800
2014 -- $177,200 $35,400 $141,800
Source: Public Records

Agents Affiliated with this Home

  • Rudy Lynch

    Seller's Agent in 2021

    Rudy Lynch

    Carrow Real Estate Services LLC

    (518) 337-3705

    1 in this area

    25 Total Sales

    Rudy Lynch
    Section Image
  • Thomas Miller

    Buyer's Agent in 2021

    Thomas Miller

    Carrow Real Estate Services LLC

    (518) 462-7491

    1 in this area

    11 Total Sales

    Thomas Miller
    Section Image
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Map

Source: Global MLS

MLS Number: 202116303

Global MLS

APN: 010100-064-076-0002-028-000-0000

New York Albany County Albany 12208 Pine Hills

530 Morris St Unit PINE HILLS, Albany, NY

Not Listed for Sale

MultiFamily

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