NOT LISTED FOR SALE

811 Madison Ave Albany, NY 12208

Pine Hills Neighborhood

Estimated Value: $2,250,385

-- Bed
6 Baths
8,592 Sq Ft
$262/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $1,370,000 $159 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $15,350/month

133 Days on Market

Highlights

  • Active Adult
  • Window Unit Cooling System
  • Forced Air Heating System
  • No HOA

About This Home

As of August 2019

MIXED-USE STUDENT HOUSING INVESTMENT OPPORTUNITY IN THE HEART OF MID-TOWN ALBANY'S PINE HILLS NEIGHBORHOOD JUST ONE BLOCK FROM WASHINGTON PARK. COMPLETELY GUT RENOVATED IN 2011. NEW EVERYTHING. FIRE SPRINKLERS. EIGHT RESIDENTIAL UNITS WITH ONE 1,500 SF STREET LEVEL RETAIL SPACE. ALL UNITS ON SEPARATE METERS. FULL YEAR LEASES WITH PARENTAL GUARANTEES. 7.52% CAP. ALWAYS RENTED! SOLID INVESTMENT. Excellent Condition

Last Agent to Sell the Property

Rudy Lynch

Carrow Real Estate Services LLC License #10301200002 Listed on: 02/18/2019

Last Buyer's Agent

Rudy Lynch

Carrow Real Estate Services LLC License #10301200002 Listed on: 02/18/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,838

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot

Interior Spaces

  • 8,592 Sq Ft Home
  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Active Adult
  • No Home Owners Association
  • 9 Units

Listing and Financial Details

  • Legal Lot and Block 61 / 2
  • Assessor Parcel Number 010100 65-2-61

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,838

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Accessibility: See Remarks
  • Year Built: 1940
  • Directions: IN THE HEART OF THE PINE HILLS STUDENT RENTAL MARKET. MADISON AVE BETWEEN ONTARIO ST AND QUAIL ST JUST ONE BLOCK WEST OF WASHINGTON PARK.
  • Above Grade Finished Sq Ft: 8592.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details Full Market Assessment: 473300
  • Lot Size Acres: 0.15
  • Lot Size: 0.15
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Subdivision Name: Pine Hills
  • Special Features: None

Interior Features

  • Basement: Partial
  • Living Area: 8592.0
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No
  • Accessibility Features:See Remarks24: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: 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 65-2-61
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17838.0
  • Tax Block: 2
  • Tax Lot: 61

Multi Family

  • Number Of Units Total: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Aug 21, 2019
Sold by
Madison Avenue Two Llc
Bought by
Cwm Usa Llc
Seller's Agent
Rudy Lynch
Carrow Real Estate Services LLC
Buyer's Agent
Rudy Lynch
Carrow Real Estate Services LLC
List Price
$1,449,000
Sold Price
$1,370,000
Premium/Discount to List
-$79,000
-5.45%
Current Estimated Value
$2,250,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$880,385
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Jun 11, 2008
Sold by
811 Madison Ave Llc
Bought by
Madison Avenue Two Llc

Purchase Details

Closed on
Jan 2, 2007
Sold by
Hansen Realty Inc
Bought by
811 Madison Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,500
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2006
Sold by
Hansen Realty Inc
Bought by
811 Madison Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,500
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2002
Sold by
Hansen Kent J
Bought by
Hansen Realty Inc

Purchase Details

Closed on
Jan 17, 2002
Sold by
Criscione Guy J
Bought by
Hansen Kent J

Purchase Details

Closed on
Sep 17, 2001
Sold by
Hudson River Bank & Trust Co
Bought by
Criscione Guy

Purchase Details

Closed on
Jul 30, 2001
Sold by
Boland Kathleen
Bought by
Hudson River Bank & Trust Co

Purchase Details

Closed on
Jun 30, 1997
Sold by
Oliver Joseph
Bought by
Dunham Donald
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cwm Usa Llc $1,370,000 Advantage Title Agency
Madison Avenue Two Llc $680,000 --
Madison Avenue Two Llc $680,000 None Available
811 Madison Avenue Llc $550,000 None Available
811 Madison Avenue Llc $550,000 George R Slingerland
Hansen Realty Inc -- Matthew J Clyne
Hansen Kent J $85,000 Matthew J Clyne
Criscione Guy $42,500 Guy Criscione
Hudson River Bank & Trust Co $50,000 Andrew B Howard
Dunham Donald $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 811 Madison Avenue Llc $421,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2019 08/21/19 Sold $1,370,000 -5.5% $159 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $1,449,000 -- $169 / 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 $42,014 $1,222,000 $102,000 $1,120,000
2023 $23,425 $473,300 $70,000 $403,300
2022 $23,963 $473,300 $70,000 $403,300
2021 $23,407 $473,300 $70,000 $403,300
2020 $24,280 $473,300 $70,000 $403,300
2019 $18,634 $473,300 $70,000 $403,300
2018 $21,648 $473,300 $70,000 $403,300
2017 $10,587 $473,300 $70,000 $403,300
2016 $17,457 $473,300 $70,000 $403,300
2015 $17,370 $473,300 $61,900 $411,400
2014 -- $473,300 $61,900 $411,400
Source: Public Records

Agents Affiliated with this Home

  • Rudy Lynch

    Seller's Agent in 2019

    Rudy Lynch

    Carrow Real Estate Services LLC

    (518) 337-3705

    1 in this area

    25 Total Sales

    Rudy Lynch
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 201912763

Global MLS

APN: 010100-065-069-0002-061-000-0000

New York Albany County Albany 12203 Pine Hills

811 Madison Ave, Albany, NY

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



Local REALTOR® - Todd Siegel, Broker - (888)-952-6393

Nearby Homes