3 months on rocket

500 Park Ave, Albany, NY, 12208

$829,900

Home List Price

$9,855*

Closing Credit

11 Bedrooms
9 Full Baths
6,100 SqFt
$136/SqFt
Multi

Location

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500 Park Ave, Albany$829,900

Buyer Closing Credits

$9,855*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Detached, Garage
Garage3 spaces
Year Built1900
HeatingHot Water, Radiant, Natural Gas
CoolingNone
BasementYes
MLS #202423749
Lot Size0.34 Acres
StatusActive

About 500 Park Ave

NEW PRICE, The BEST investment opportunity and perfect location in Albany! Directly across from CDPC and Albany Med. 3 car garage and 6+ parking spaces, room for more. Always rented. All rents include heat, hot water, grounds maintenance, sewer, water, snow removal and trash. Tenants pay for electric and cooking gas. NEW roof! Several trees removed. NEW electrical boxes. Boiler 2010. Coin operated laundry in the basement. 3 apts. on the 1st Flr. 3 apts. on the 2nd Flr. 2 Apts on the 3rd Flr.Please see attached documents. SOLD ''AS IS''.

Property Details

Property Features

Property Information:

  • Architectural Style: Apartment 4 Plus Unit
  • Year Built: 1900
  • Living Area: 6,100 SqFt

Listing Office:

  • Office Name: CM Fox, LLC
  • Office Phone: (518) 861-7030
  • Listing Agent: Carmella Richards

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 9
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Off Street, Detached, Garage

Lot Features

Lot Information:

  • Lot: Level, Corner Lot
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Madison Ave or NewScotland Ave to South Lake. Property is on the corner of South Lake ave and Park Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $829,900
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $20,005
  • 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

500 Park Ave vs Albany

94 DAYS ON ROCKET

+73 Days

$829,900

+$544.9K More

$136/SqFt

-$41 Less

KEY TAKEAWAY

This property is $544.9K more than the Median Sold Price and $41/SqFt less than other homes in Albany, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202423749

Listing Office:

  • Office Name: CM Fox, LLC
  • Office Phone: (518) 861-7030
  • Listing Agent: Carmella Richards

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: 11/21/2024, 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

Mar 04, 2004Home Sold
$295,000

Tax History

YEARPROP. TAXASSESSMENT
2020$20,005$407,900
2019$21,030$407,900
2018$19,746$407,900
2017$19,304$407,900

History based on county public records data.

Payment Calculator

$4,209

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,555

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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-317992
4
/10

  • New Scotland Elementary School

  • 385 New Scotland Ave

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-317993
5
/10

  • Brighter Choice Charter School for Girls

  • 250 Central Ave

  • 0.68 miles

  • Public Charter Grades KG-5

school-card-donut-317994
6
/10

  • Brighter Choice Charter School for Boys

  • 116 N Lake Ave

  • 0.77 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,509. The majority of Albany, NY residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Albany County›Albany›12208›500 Park Ave

This home is located at 500 Park Ave in Albany, NY and zip code 12208 in the Pine Hills neighborhood. This 6,100 square foot home, which was built in 1900, sits on a 0.34 acre lot. Features: 11 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $829,900.

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

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

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