NOT LISTED FOR SALE

709 State St Albany, NY 12203

Pine Hills Neighborhood

Estimated Value: $284,000 - $381,416

8 Beds
3 Baths
2,718 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $247,000 $91 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,362/month

Highlights

  • Active Adult
  • Wood Flooring
  • Baseboard Heating
  • Deck
  • No HOA
  • 2-minute walk to Beverwyck Park

About This Home

As of April 2021

Sold before print. Owner is licensed RE salesperson, but sold privately. Sale includes 709 State St (triplex) and 50'x70' vacant lot in back for parking (184/186 Spring St.). Rental income is based on actual leases in place on all 3 units, less 5% vacancy allowance. Owner provides one parking space to each occupant that owns a vehicle at no additional charge. Roof was re-surfaced in 2019. Electric heat in basement, other 2 units are natural gas hw baseboard heat. All utilities are separate, but owner pays heat and electric for 2nd Fl tenants. New appliances in 1st and 2nd floors. CAP rate is close to 10%. Excellent Condition

Last Agent to Sell the Property

non-member non member

NON MLS OFFICE Listed on: 04/14/2021

Last Buyer's Agent

Gary Pollard

Gabler Realty, LLC License #10301209060

Gabler Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,031

Year Built

  • Built in 1929

Lot Details

  • Lot Dimensions are 25'x70'
  • Level Lot

Home Design

  • Triplex
  • Built-Up Roof
  • Asbestos Siding

Interior Spaces

  • 2,718 Sq Ft Home
  • Wood Flooring
  • Interior Basement Entry

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Baseboard Heater

Listing and Financial Details

  • Tenant pays for hot water, internet, cable TV
  • The owner pays for trash collection, parking fee, snow removal
  • Legal Lot and Block 9 & 4 / 3
  • Assessor Parcel Number 010100 65.53-3-9 & 4
  • Seller Concessions Not Offered

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,031

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 900.0
  • Zoning: Multi Residence
  • Year Built: 1929
  • Directions: Western Ave west to right on Quail St., to left on State St., property on right
  • Above Grade Finished Sq Ft: 2718.0
  • Architectural Style: Triplex
  • Financial Details Full Market Assessment: 161028
  • Financial Details General Taxes: 2494.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 3537.0
  • School Taxes Description: Actual
  • Financial Details Tax Assessed Value: 150400.0
  • Lot Size: 25'x70'
  • Parking Features Parking Total: 3.0
  • Possession Possession Legacy: at closing
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Estimated
  • Gas Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Income And Expenses Maintenance Expense: 1924.0
  • Water Sewer Expense Description: Estimated
  • Income: 38475.0
  • Income Description: Estimated
  • Number of Refrigerators: 3
  • Unit Information Number Of Stoves: 3
  • Flooring:Hardwood: Yes
  • Flooring:Wood: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood, Hardwood
  • Basement: Interior Entry
  • Living Area: 2718.0
  • Owner Pays: Trash Collection, Parking Fee, Snow Removal, See Remarks
  • Attic Features:Hatch: Yes
  • Basement:Interior Entry: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 3 Owner Furnish Features:Electricity6: Yes

Exterior Features

  • Roof: Built-Up
  • Construction Type: Asbestos
  • Patio And Porch Features: Deck
  • Waterfront: No
  • Patio And Porch Features:Deck: Yes
  • Construction Materials:Asbestos: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Parking Features: Off Street
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • Parking Features:Off Street: Yes
  • Owner Pays:Parking Fee2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Electric, Other, See Remarks, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Other46: Yes
  • Heating:See Remarks22: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 900.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Level
  • Parcel #: 010100 65.53-3-9 & 4

Rental Info

  • Tenant Pays: Hot Water, Internet, See Remarks, Cable TV

Multi Family

  • Insurance Expense: 1000.0
  • Number Of Units Total: 3
  • Maintenance Expense: 1924.0

Tax Info

  • Tax Annual Amount: 6031.0
  • Tax Block: 3
  • Tax Lot: 9 & 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Apr 9, 2021
Sold by
Bhatt Hemang
Bought by
709 State Street Jcm Llc
Seller's Agent
non-member non member
NON MLS OFFICE
Buyer's Agent
Gary Pollard
Gabler Realty, LLC
List Price
$240,000
Sold Price
$247,000
Premium/Discount to List
$7,000
2.92%
Current Estimated Value
$326,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,354
Avg. Annual Appreciation
6.31%
Original Mortgage
$185,250
Outstanding Balance
$167,392
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$158,962

Purchase Details

Closed on
Jan 21, 2009
Sold by
Kutinov Alexander
Bought by
Heff Developement Llc

Purchase Details

Closed on
Dec 10, 2007
Sold by
Casimo Frank
Bought by
Kutikor Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,313
Interest Rate
6.3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2002
Sold by
Hsu Shuyguei and Hsu Kaodni
Bought by
Casimo Frank
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
709 State Street Jcm Llc $247,000 None Available
Heff Developement Llc -- --
Heff Development Llc -- None Available
Kutikor Alexander $215,000 Dinna Eskin
Casimo Frank $68,500 Wm Andrews
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 709 State Street Jcm Llc $185,250
Previous Owner Kutikor Alexander $207,313
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $240,000 -2.8% $88 / Sq Ft
04/12/2021 04/12/21 Sold $247,000 +21.7% $91 / Sq Ft
04/16/2019 04/16/19 Sold $203,000 -7.3% $93 / Sq Ft View Prior Sale
02/25/2019 02/25/19 Pending -- -- --
01/10/2019 01/10/19 Price Changed $219,000 -4.4% $101 / Sq Ft
11/19/2018 11/19/18 For Sale $229,000 -- $105 / 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 $7,809 $274,000 $54,800 $219,200
2023 $5,907 $143,000 $28,600 $114,400
2022 $5,782 $143,000 $28,600 $114,400
2021 $5,769 $143,000 $28,600 $114,400
2020 $5,426 $143,000 $28,600 $114,400
2019 $5,630 $143,000 $28,600 $114,400
2018 $5,439 $143,000 $28,600 $114,400
2017 $3,884 $143,000 $28,600 $114,400
2016 $7,082 $143,000 $28,600 $114,400
2015 $4,936 $134,500 $26,900 $107,600
2014 -- $134,500 $26,900 $107,600
Source: Public Records

Agents Affiliated with this Home

  • n

    Seller's Agent in 2021

    non-member non member

    NON MLS OFFICE

  • Gary Pollard

    Buyer's Agent in 2021

    Gary Pollard

    Gabler Realty, LLC

    (518) 935-4800

    2 in this area

    71 Total Sales

    Gary Pollard
    Section Image
  • Gordon Heeps

    Seller's Agent in 2019

    Gordon Heeps

    RedMark Realty LLC

    (518) 952-7500

    1 in this area

    5 Total Sales

    Gordon Heeps
    Section Image
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Map

Source: Global MLS

MLS Number: 202115828

Global MLS

APN: 010100-065-053-0003-009-000-0000

New York Albany County Albany 12203 Pine Hills

709 State St, Albany, NY

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