NOT LISTED FOR SALE

702 Madison Ave Albany, NY 12208

Park South Neighborhood
7 Beds
5 Baths
5,222 Sq Ft
0.27 Acres

Last Sold June 30, 2017

Last sale price $504,074 $97 Per Sq Ft

319 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Level Lot
  • 0.27 Acre Lot
  • Baseboard Heating
  • 5-minute walk to Duffy Park

About This Home

As of June 2017

Beautifully restored historic mansion converted into a 5-unit apartment building. High ceilings, hardwood floors, original fireplaces/mantels, and other historic architectural touches. Fully occupied and includes 7 parking spaces in rear. Offered separately at $565K or packaged w/ 706 Madison at $940K, the as-is NOI = a 7.21% capitalization rate. Full financials w/ rent rolls available upon request. Broker accompanies all showings. Very Good Condition

Last Agent to Sell the Property

William 'Felton' McLaughlin, SIOR, CCIM

NAI Platform LLC License #10301208800 Listed on: 07/08/2016

NAI Platform LLC

Last Buyer's Agent

William 'Felton' McLaughlin, SIOR, CCIM

NAI Platform LLC License #10301208800 Listed on: 07/08/2016

NAI Platform LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,500

Year Built

  • Built in 1866

Lot Details

  • 0.27 Acre Lot
  • Level Lot

Home Design

  • Slate Roof
  • Rubber Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • Active Adult
  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for trash collection, sewer, parking fee, snow removal, water, grounds care, heat
  • Legal Lot and Block 3 / 4
  • Assessor Parcel Number 010100 65.77-4-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,500

Year Built

Built in 1866

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1866
  • Directions: Madison Avenue on Washington Park - 3rd building east of intersection w/ South Lake
  • Above Grade Finished Sq Ft: 5222.0
  • Architectural Style: Other, See Remarks
  • Lot Size Acres: 0.27
  • Lot Size: 11,761
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Income: 66800.0
  • Subdivision Name: Washington Park
  • Special Features: None

Interior Features

  • Basement: Full
  • Below Grade Sq Ft: 1740.0
  • Living Area: 5222.0
  • Owner Pays: Trash Collection, Sewer, Parking Fee, Snow Removal, Water, Grounds Care, Heat
  • Full Basement: Yes
  • Unit 4 Owner Furnish Features:Owner Furnishes4: Heat/HW
  • Unit 2 Owner Furnish Features:Owner Furnishes2: Heat/HW
  • Unit 3 Owner Furnish Features:Owner Furnishes3: Heat/HW

Exterior Features

  • Roof: Slate, Rubber, Asphalt
  • Construction Type: Wood Siding
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Owner Pays:Parking Fee2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: 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
  • Parcel #: 010100 65.77-4-3
  • Lot Size Sq Ft: 11761.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Annual Amount: 14500.0
  • Tax Block: 4
  • Tax Lot: 3

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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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 Prior Sale
06/30/2017 06/30/17 Sold $504,074 -37.8% $97 / Sq Ft
06/30/2017 06/30/17 Sold $810,000 +48.6% $155 / Sq Ft View Prior Sale
05/22/2017 05/22/17 Pending -- -- --
05/22/2017 05/22/17 Pending -- -- --
04/03/2017 04/03/17 Price Changed $545,000 -39.4% $104 / Sq Ft
04/03/2017 04/03/17 Price Changed $899,000 +59.1% $172 / Sq Ft
10/17/2016 10/17/16 Price Changed $565,000 -39.9% $108 / Sq Ft
10/17/2016 10/17/16 Price Changed $940,000 +59.3% $180 / Sq Ft
07/07/2016 07/07/16 For Sale $590,000 -40.4% $113 / Sq Ft
02/22/2016 02/22/16 For Sale $990,000 -- $190 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201614066

Global MLS
New York Albany County Albany 12203 Park South

702 Madison Ave, Albany, NY

Not Listed for Sale

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