Investment opportunity for sale at new price! 25 units Prime location in Albany on Western Ave near the intersection of Madison Ave and Manning Blvd. On bus line near shops, restaurant, and shopping. Great rental history. Mix of one bedroom and studio units. Landlord pays utilities.
Property Details
Property Features
Property Information:
Architectural Style: High Rise, Apartment 4 Plus Unit
Year Built: 1925
Living Area: 8,440 SqFt
Listing Office:
Office Name: Coldwell Banker Commercial Prime Properties
Office Phone: (518) 785-9000
Listing Agent: Ryan Mortka, Leah Witko
Interior Features
Interior Information:
Basement: Yes
Interior: Other
Bedroom and Bathroom Information:
Full Bathrooms: 25
Total Bedroom Count: 25
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Electric, Forced Air
Cooling: None
Other
Directions Information:
Directions: Western Ave at the corner near Manning Blvd Crossing
Price Information
Listing Price Info
Price Summary:
List Price: $1,999,750
Price Per SqFt: $237/SqFt
Tax Information:
Annual Amount: $28,376
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Albany, NY.
This property is $1.7M more than the Median Sold Price and $60/SqFt more 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: #202427558
Listing Office:
Office Name: Coldwell Banker Commercial Prime Properties
Office Phone: (518) 785-9000
Listing Agent: Ryan Mortka, Leah Witko
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.
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, 6:20:54 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
DATE
EVENT
PRICE
Mar 09, 2006
Mar 09, 2006Home Sold
$850,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$28,376
$578,600
2019
$27,843
$578,600
2018
$28,250
$578,600
2017
$27,382
$578,600
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,981
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,062
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Pine Hills Elementary School
41 N Allen St
Distance between this listing and this school0.22 miles
Public District Grades PK-5
7
/10
Henry Johnson Charter School
30 Watervliet Ave
Distance between this listing and this school0.85 miles
Public Charter Grades KG-4
4
/10
New Scotland Elementary School
385 New Scotland Ave
Distance between this listing and this school0.88 miles
Public District Grades PK-5
Nearby Schools
3
/10
Stephen and Harriet Myers Middle School
100 Elbel Ct
Distance between this listing and this school1.65 miles
Public District Grades 6-8
4
/10
William S. Hackett Middle School
45 Delaware Ave
Distance between this listing and this school1.74 miles
Public District Grades 6-8
4
/10
Kipp Tech Valley Charter School
321 Northern Blvd
Distance between this listing and this school1.99 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Albany High School
700 Washington Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
3
/10
Albany Leadership Charter High School for Girls
19 Hackett Blvd
Distance between this listing and this school1.67 miles
Public Charter Grades 9-12
2
/10
Green Tech High Charter School
99 Slingerland St
Distance between this listing and this school2.09 miles
The neighbors living near this home have an average income of $67,803. The majority of Albany, NY residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
This home is located at 570 Western Ave in Albany, NY and zip code 12203 in the Pine Hills neighborhood. This 8,440 square foot home, which was built in 1925, sits on a 0.20 acre lot. Features: 25 bedrooms, 25 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $1,999,750.
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. While the average time on the market in October 2024 was 21 days, the median list price was $285,000.
From Rocket Homes Real Estate and based on county public records data.