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1 Close Street

1 Close Street, Schenectady, NY 12307
Multifamily in Vale & Eastern Ave
Sold Mar 22, 2021
$90,000
$747,000 by Bank Of America Na
Mortgage Due Mar 01, 2051
Sold Feb 28, 2018
$500
1 Close Street has been categorized by the local assessors in Schenectady, NY as a residential type of property. The building on the property was first built in 1910 and is 114 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1 Close Street has 1,438 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 210 ft. The area measurement of the land has been determined as 2,100 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 540 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of a material which is produced from two or more constituent materials. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1 Close Street was last sold in Feb 19, 2021 for $90,000. According to our calculations, that's $62.59 per sqft. Prior to that sales transaction, the property was sold for $500 in Feb 28, 2018. Current property owners are expected to pay $5,718 in taxes per year. The property on 1 Close Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $104,300. To break that down further, the land itself was valued at $8,000. While improvements to the property were assessed at a total of $96,300. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 540
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 2,100
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 210
  • Total Building Area: 1,438
  • Gross Building Area: 1,438
  • Building Area: 1,438
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,438
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.048
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 2 WOOD AND GARAGE

Ownership

  • Current Owner : SOMAI RITU KUMAR
  • Current Owner 2: SOMAI SHAMEELA
  • Previous Owner : THAKURDYAL CHITRAWATIE
  • Owner Before Previous Owner: CITY OF SCHENECTADY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schenectady City School District
  • School Tax School District: SCHENECTADY
  • Census Tract: 020800

Zoning

  • Zoning: 05 - COMME

Geography

  • District: 421500
  • Section: 49.25
  • Parcel: 421500 49.25-2-2
  • Block: 2
  • Lot: 2.000
  • Municipality: SCHENECTADY
  • Latitude: 42.8094
  • Longitude: -73.9361

    Address

  • Full Address: 1 Close St
  • Address - House Number: 1
  • Address - Street Name: Close
  • Address - Suffix Type: St
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C006
  • 4-Digit Zip Code: 1005
  • Zip Code: 12307

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,718
  • Tax Rate Code Area: 421500

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 188,432
  • High Value: 232,664
  • Low Value: 144,200

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $767,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Mar 22, 2021
  • First Open Lien Mortgage Loan Amount: $747,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051
  • Second Open Lien Mortgage Lender: CITY OF SCHENECTADY
  • Second Open Lien Mortgage Recording Date: Mar 22, 2021
  • Second Open Lien Mortgage Loan Amount: $20,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Assumption
  • Second Open Lien Mortgage Loan Due Date: Mar 22, 2051

    Market Valuation

  • Market Total Value: $132,025
  • Market Land Value: $10,127
  • Market Improvement Value: $121,898

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,300
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $96,300

    Sales

  • Current Sale Contract Date: Feb 19, 2021
  • Current Sale Recording Date: Mar 22, 2021
  • Current Sale Transaction ID: 11826361563
  • Current Sale Price: $90,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202111917
  • Previous Sale Recording Date: Feb 28, 2018
  • Previous Sale Contract Date: Feb 28, 2018
  • Previous Sale Amount: $500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Mar 22, 2021
  • First Mortgage Loan Amount: $747,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

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Nearby Rentals

Unit for rent at

$1,795 /mo

  • 1 Bed
  • 1 Bath
  • 926 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1 Close Street located in?
The 1 Close Street is a multifamily located in the neighborhood of Vale & Eastern Ave in Vale & Eastern Ave, Schenectady.
What is the average sales price for listings in 1 Close Street?
The average sales price for units in 1 Close Street is $99,000 currently.

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