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Albany
1 Marlyn Drive
$360,000
● House - Off Market

1 Marlyn Drive

Colonie, NY 12110
bedrooms
4 Beds
bathrooms
2 Baths
$2,087
Est. Monthly
6.27%
Cap Rate

About This Property

This fully updated cape sits in the award winning North Colonie School District on a dead end street.  This home offers 4 beds and 2 full baths.   The first floor layout is very appealing and showcases hardwood floors, a beautifully renovated kitchen with granite counters, stainless steel appliances and soft-close cabinetry.  The first floor also features an updated full bath, 2 bedrooms, dining area and living room.  Upstairs is where you will find 2 additional bedrooms and a full bath.  Off the back of the home is a nicely done sunroom that can be enjoyed year round.  The full basement has laundry and walk out access to the single car attached garage.  Exterior features a nice backyard with patio and shed.  Great location! Easy to show.  Enjoy!
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Global MLS #202411645)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Feb 10, 2024 In contract -
In contract
Feb 6, 2024 Listed by Gucciardo Real Estate LLC $365,000
Listed by Gucciardo Real Estate LLC
Jan 12, 2023 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 1 & 1/2 OF 2 N-229 E-3 C-59-86

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013510

Zoning

  • Zoning: 13

Geography

  • Account Number: 01901500060060000000
  • District: 012689
  • Section: 19.15
  • Parcel: 012689 19.15-6-6
  • Block: 6
  • Lot: 6.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7487
  • Longitude: -73.7576

    Address

  • Full Address: 1 Marlyn Dr
  • Address - House Number: 1
  • Address - Street Name: Marlyn
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Latham
  • Carrier Code: C011
  • 4-Digit Zip Code: 2922
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $464,051
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.1111
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 372,338
  • High Value: 413,716
  • Low Value: 330,960

    Market Valuation

  • Market Total Value: $220,400
  • Market Land Value: $55,100
  • Market Improvement Value: $165,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,400
  • Assessed Land Value: $28,100
  • Assessed Improvements Value: $84,300

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Jan 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 789
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Albany

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2278 ft²

Average Home Age

90.4 years

Currently For Sale

549 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5 Mockingbird Hill, Latham, NY, 12110

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,152 ft²
5 Mockingbird Hill, Latham, NY, 12110 Listing by Christopher H Schmid
Unit for rent at 7 Bayberry Drive, Latham, NY, 12110

$2,325 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
7 Bayberry Drive #A, Latham, NY, 12110 Listing by Nicole Blanchette

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Giuseppe Tropiano
Gucciardo Real Estate LLC
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202411645
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1 Marlyn Drive built and last sold?
The property at 1 Marlyn Drive was built in 1950 and last sold on Dec 29, 2022 for $208,000.
How much is this home worth?
The estimated value of the home located at 1 Marlyn Drive is $0.
What are some comparable homes to 1 Marlyn Drive?
There are currently no comparable homes to 1 Marlyn Drive.
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