2 months on rocket

553 Mumford St, Schenectady, NY, 12307

$230,000

Home List Price

$2,731*

Closing Credit

6 Bedrooms
2 Full Baths
2,200 SqFt
$105/SqFt
Multi

Location

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553 Mumford St, Schenectady$230,000

Buyer Closing Credits

$2,731*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Street, Driveway
Year Built1920
HeatingForced Air, Natural Gas
CoolingWindow Unit(s)
BasementYes
ViewCity
MLS #202424890
Lot Size0.22 Acres
StatusActive

About 553 Mumford St

Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 2,200 SqFt

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 276-0630
  • Listing Agent: John O'Neill-Knasick, Stephanie Quattropani

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Laminate
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Back Fence, Fence

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Driveway

Lot Features

Lot Information:

  • Lot: Level, Corner Lot
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: At the corner of Mumford and Strong Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $230,000
  • Price Per SqFt: $105/SqFt

Tax Information:

  • Annual Amount: $1,024
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$266.4K

Med. Price/SqFt

$173

Avg. Days On Market

18

# of Sold Homes

140

553 Mumford St vs Schenectady

72 DAYS ON ROCKET

+54 Days

$230,000

-$36.4K Less

$105/SqFt

-$69 Less

KEY TAKEAWAY

This property is $36.4K less than the Median Sold Price and $69/SqFt less than other homes in Schenectady, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #202424890

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 276-0630
  • Listing Agent: John O'Neill-Knasick, Stephanie Quattropani

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, 7:20:54 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

Jan 16, 2008Home Sold
$20,000
Apr 16, 2004Home Sold
$39,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,024$21,800
2019$1,902$21,800
2018$1,902$21,800
2017$1,434$21,800

History based on county public records data.

Payment Calculator

$1,215

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$756

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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-598861
3
/10
  • Pleasant Valley Elementary School

  • 1097 Forest Rd

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-598862
2
/10
  • Dr. Martin Luther King Jr. Elementary School

  • 918 Stanley St

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-598863
1
/10
  • Hamilton Elementary School

  • 1091 Webster St

  • 0.59 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,870. The majority of Schenectady, NY residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Schenectady, NY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Schenectady, NY.

Schenectady's housing market is diverse, offering a range of options from historic colonial homes to contemporary apartments. Single-family homes are prevalent, reflecting the city's rich history with classic Victorian and Dutch Colonial styles. The housing stock also includes a selection of multi-family residences and condos, providing alternatives for various lifestyle needs. The homeownership rate in Schenectady is substantial, with a significant portion of residents owning their homes, while the remainder are part of the rental market.

What is it like to live in Schenectady, NY?

Schenectady prides itself on a vibrant community spirit and a rich cultural heritage. The city's character is defined by its historical architecture, local arts scene, and community events that bring residents together. Schenectady is celebrated for its annual festivals and the weekly farmers' market that showcases local produce and crafts, contributing to the city's unique charm and sense of togetherness.

Is it easy to get around Schenectady, NY without a car?

The community is served by a robust educational system, including several public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare services are accessible, with a local hospital providing emergency care and specialized medical treatments. The city's public library system supports lifelong learning with a range of programs and resources. Retail and dining establishments reflect Schenectady's diverse culture, offering both local and international cuisine, along with shopping experiences that range from small boutiques to larger retail centers.

Transportation in Schenectady, NY.

Transportation in Schenectady features a mix of public transit options, with bus services connecting various neighborhoods and facilitating access to the wider region. The city's layout supports a degree of walkability, particularly in the downtown area, which is also bike-friendly. Major roads and highways are easily accessible, making commuting and travel convenient for residents. The city is continually working to improve transportation infrastructure to enhance connectivity and reduce congestion.

Rocket Homes›New York›Schenectady County›Schenectady›12307›553 Mumford St

This home is located at 553 Mumford St in Schenectady, NY and zip code 12307. This 2,200 square foot home, which was built in 1920, sits on a 0.22 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $230,000.

Over 70 listings were sold over their listed price in October 2024 in Schenectady, NY. In the same period over 45 listings were sold below the listed price and 25 listings were sold for the listed price. In October 2024 in Schenectady, NY there were 9.1% less homes for sale than in September 2024. Listings spent 18 days on the market in October 2024, and had a median list price of $266,498 during the same period.

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

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