NOT LISTED FOR SALE

557 2nd St Albany, NY 12206

West End Neighborhood

Estimated Value: $57,000 - $201,000

0.07 Acre
$1,757,143 Price per Acre
3,049 Sq Ft Lot

Last Sold February 21, 2022

Last sale price $5,000 $3 Per Sq Ft

Est. 2,360% increase in value since last sale

Current estimated payment $718/month

77 Days on Market

Highlights

  • Active Adult
  • Level Lot
  • 4-minute walk to Swinburne Park
  • No HOA

About This Lot

As of February 2022

Vacant lot ready for redevelopment to a one or two family home, or become a neighborhood community garden.

Last Agent to Sell the Property

Steve Davis

Realty Resource Connection License #37DA0833034 Listed on: 08/16/2021

Last Buyer's Agent

Steve Davis

Realty Resource Connection License #37DA0833034 Listed on: 08/16/2021

Property Details

Property Type

  • Land

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 128
  • Level Lot
  • Cleared Lot

Community Details

  • Active Adult
  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 46 / 2
  • Assessor Parcel Number 010100 65.38-2-46

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Directions: Ontario to 2nd St across from Swinburne Park
  • Lot Size Acres: 0.07
  • Lot Size: 25 x 128
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: No
  • Lot Features:Level: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

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 65.38-2-46
  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 600.0
  • Tax Block: 2
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Feb 11, 2022
Sold by
Alphonso Matthew
Bought by
Creer Cedric C
Seller's Agent
Steve Davis
Realty Resource Connection
Buyer's Agent
Steve Davis
Realty Resource Connection
List Price
$10,000
Sold Price
$5,000
Premium/Discount to List
-$5,000
-50%
Current Estimated Value
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,000
Avg. Annual Appreciation
125.91%

Purchase Details

Listed on
May 10, 2017
Closed on
Jun 16, 2017
Sold by
Federal National Mortgage Corportion
Bought by
Matthew Alphonso
Seller's Agent
Todd Drake
Empire Real Estate Managment LLC
Buyer's Agent
Steve Davis
Realty Resource Connection
List Price
$19,900
Sold Price
$18,000
Premium/Discount to List
-$1,900
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.99%

Purchase Details

Closed on
Oct 24, 2016
Sold by
Torncello Peter
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 22, 2008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2007
Sold by
Preston Kenneth W
Bought by
Hess Bruce
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
Creer Cedric C $5,000 Marathon Title
Matthew Alphonso $16,500 Westcor Land Title Ins Co
Federal Home Loan Mortgage Corporation -- None Available
-- -- --
Hess Bruce $15,000 David Mc Dermott
Hess Bruce $15,000 David Mc Dermott
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner -- $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2022 02/21/22 Sold $5,000 -15.3% $3 / Sq Ft
10/04/2021 10/04/21 Price Changed $5,900 -41.0% $4 / Sq Ft
08/16/2021 08/16/21 For Sale $10,000 -44.4% $7 / Sq Ft
06/21/2017 06/21/17 Sold $18,000 -9.5% $12 / Sq Ft View Prior Sale
05/19/2017 05/19/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $19,900 -- $14 / 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 $949 $25,000 $25,000 $0
2023 $457 $11,600 $11,600 $0
2022 $447 $11,600 $11,600 $0
2021 $446 $11,600 $11,600 $0
2020 $38,896 $11,600 $11,600 $0
2019 $2,283 $58,000 $11,600 $46,400
2018 $2,206 $58,000 $11,600 $46,400
2017 $2,191 $58,000 $11,600 $46,400
2016 $8,999 $58,000 $11,600 $46,400
2015 $2,445 $60,000 $17,200 $42,800
2014 -- $60,000 $17,200 $42,800
Source: Public Records

Agents Affiliated with this Home

  • Steve Davis

    Seller's Agent in 2022

    Steve Davis

    Realty Resource Connection

    (518) 577-1319

    2 in this area

    39 Total Sales

    Steve Davis
    Section Image

  • T

    Seller's Agent in 2017

    Todd Drake

    Empire Real Estate Managment LLC

    (518) 369-7247

    1 in this area

    72 Total Sales

    Todd Drake
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 202126305

Global MLS

APN: 010100-065-038-0002-046-000-0000

New York Albany County Albany 12206 West End

557 2nd St, Albany, NY

Not Listed for Sale

Lots

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