NOT LISTED FOR SALE

531 Washington Ave Albany, NY 12206

Beverwyck Neighborhood

Estimated Value: $261,000 - $271,000

7 Beds
2 Baths
2,652 Sq Ft
$100/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $195,700 $74 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,903/month

63 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 4-minute walk to Beverwyck Park
  • Hot Water Heating System

About This Home

As of May 2021

531 Washington Ave is a large two-family with 4 bedrooms upstairs and 3 bedrooms downstairs. Property is in very good condition with an attentive current owner and has separate utilities for each unit. Owner has done major work since their purchase and the recent upgrades include: all new windows in building, a new boiler, kitchen upgrades and some new flooring. Upstairs is currently open for possibility of owner-occupant, but market rent for 4 bedroom exceeds $1,400. Very Good Condition

Last Agent to Sell the Property

Shane Mahar

Madison Park Real Estate License #10491207239 Listed on: 03/09/2021

Last Buyer's Agent

Sarah Anthony

New Scotland Realty License #10401309989

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,523

Year Built

  • Built in 1907

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 25.3x92.8

Home Design

  • Duplex
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • 2,652 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for hot water, heat, electricity
  • Legal Lot and Block 56 / 2
  • Assessor Parcel Number 010100 65.54-2-56

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,523

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Multi Residence
  • Year Built: 1907
  • Directions: Washington Ave near colleges
  • Above Grade Finished Sq Ft: 2652.0
  • Architectural Style: Duplex-Over/Under
  • Financial Details General Taxes: 1360.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 2163.0
  • School Taxes Description: Actual
  • Lot Size Acres: 0.05
  • Lot Size: 25.3X92.8
  • New Construction: No
  • Possession Possession Legacy: mo/mo
  • Sale Detail Seller Contribution: Yes
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number of Separate Water Meters: 1
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 7
  • Living Area: 2652.0
  • Full Basement: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Wood Siding
  • Waterfront: No
  • 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 65.54-2-56
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Electricity

Tax Info

  • Tax Annual Amount: 3523.0
  • Tax Block: 2
  • Tax Lot: 56

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $195,700 +3.1% $74 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $189,900 0.0% $72 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $189,900 -- $72 / 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 $6,051 $222,000 $44,400 $177,600
2023 $3,807 $92,000 $25,400 $66,600
2022 $3,726 $92,000 $25,400 $66,600
2021 $3,718 $92,000 $25,400 $66,600
2020 $3,491 $92,000 $25,400 $66,600
2019 $3,622 $92,000 $25,400 $66,600
2018 $3,499 $92,000 $25,400 $66,600
2017 $1,949 $127,000 $25,400 $101,600
2016 $4,789 $127,000 $25,400 $101,600
2015 $4,331 $118,000 $28,600 $89,400
2014 -- $118,000 $28,600 $89,400
Source: Public Records

Agents Affiliated with this Home

  • Shane Mahar

    Seller's Agent in 2021

    Shane Mahar

    Madison Park Real Estate

    (518) 281-0815

    1 in this area

    43 Total Sales

    Shane Mahar
    Section Image
  • Sarah Anthony

    Buyer's Agent in 2021

    Sarah Anthony

    New Scotland Realty

    (518) 209-3771

    1 in this area

    142 Total Sales

    Sarah Anthony
    Section Image
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Map

Source: Global MLS

MLS Number: 202110547

Global MLS

APN: 010100-065-054-0002-056-000-0000

New York Albany County Albany 12206 Beverwyck

531 Washington Ave, Albany, NY

Not Listed for Sale

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