4 months on rocket

497 Washington Ave, Albany, NY, 12206

$250,000

Home List Price

$2,969*

Closing Credit

2 Bedrooms
1 Full Bath
Multi

Location

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497 Washington Ave, Albany$250,000

Buyer Closing Credits

$2,969*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1910
HeatingNatural Gas
CoolingNone
BasementYes
MLS #202420376
Lot Size0.09 Acres
StatusActive

About 497 Washington Ave

Rare opportunity for a true turnkey investment. Enjoy the best of both worlds with this mixed-use building. The property consists of both residential and commercial space. The 2nd floor unit consists of 2-bedroom 1 bathroom residential apt which is currently leased through May 2025. The first-floor unit is a local tavern. Close to SUNY Albany downtown campus, Washington park and is conveniently located on the bus line. Great opportunity to add to any portfolio! The building is cash flow positive on day one with room to grow in the future. A block away from the new UAlbany downtown campus.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1910

Listing Office:

  • Office Name: HS Capital Realty LLC
  • Office Phone: (518) 729-8278
  • Listing Agent: Elizabeth Koprucki

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Washington Avenue past Albany high school.

Price Information

Listing Price Info

Price Summary:

  • List Price: $250,000

Tax Information:

  • Annual Amount: $4,792
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albany, NY.

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Albany, NY

City

Med. Sold Price

$285K

Med. Price/SqFt

$177

Avg. Days On Market

21

# of Sold Homes

119

497 Washington Ave vs Albany

139 DAYS ON ROCKET

+118 Days

$250,000

-$35K Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price in Albany, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202420376

Listing Office:

  • Office Name: HS Capital Realty LLC
  • Office Phone: (518) 729-8278
  • Listing Agent: Elizabeth Koprucki

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/17/2024, 2:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 24, 2014Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,792$125,000
2019$4,742$125,000
2018$4,912$125,000
2017$4,996$125,000

History based on county public records data.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-515669
5
/10

  • Brighter Choice Charter School for Girls

  • 250 Central Ave

  • 0.16 miles

  • Public Charter Grades KG-5

school-card-donut-515670
6
/10

  • Brighter Choice Charter School for Boys

  • 116 N Lake Ave

  • 0.22 miles

  • Public Charter Grades KG-5

school-card-donut-515671
2
/10

  • Sheridan Preparatory Academy

  • 400 Sheridan Ave

  • 0.40 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,944. The most common annual income of people living in Albany, NY is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Albany County›Albany›12206›497 Washington Ave

This home is located at 497 Washington Ave in Albany, NY and zip code 12206 in the Washington Square neighborhood. This home, which was built in 1910, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 01, 2024 and is currently priced at $250,000.

In October 2024 more than 54 listings in Albany, NY were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 46 were sold below. The number of homes for sale in Albany, NY decreased by 10.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $285,000, while the average time on the real estate market was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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