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Albany 12309
1 MELODY Lane
$224,000
● House - Off Market

1 MELODY Lane

Colonie, NY 12309
bedrooms
4 Beds
bathrooms
2 Baths
$381,226
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

GREAT SPLIT RANCH WITH LOTS OF UPDATES. CUSTOM MAPLE KITCHEN HAS NEUTRAL CORIAN COUNTERS, TILED FLOORING, & NEW FRENCH DOOR. LARGE LIVING ROOM HAS BRICK FIRE PLACE WITH CUSTOM BUILT IN CABINETS. 3 SEASON KNOTTY PINE ROOM HAS VLTD CELING AND NICE SKY LIGHTS. 4 BRS TOTAL FEATURING 2 PRIVATE BRS ON SECOND LEVEL WITH PRIVATE SHOWER WHICH IS AN IDEAL TEEN OR INLAW SET UP. VINYL COMPOSITE DECKING LEADS TO REFRESHING ABOVE GROUND POOL & LARGE YARD. NISKAYUNA MAILING ADDRESS, SOUTH COLONIE SCHOOLS, ALBANY COUNTY. Excellent Condition
Unit Size
-
Days on Market
-
Land Size
0.44 acres
Price per sqft
-
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #27114039)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
May 3, 2023 Listed by RE/MAX Park Place $265,000
Listed by RE/MAX Park Place
Nov 12, 2020 Sold
Premium
Sold
Sep 12, 2007 Sold
Premium
Sold
Jun 28, 2007 Listed by RE/MAX Park Place $219,800
Listed by RE/MAX Park Place

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF HIGHLAND PARK
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 1 N-MELODY LA E-3 S-27-58

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013703

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01700200020170000000
  • District: 012689
  • Section: 17.02
  • Parcel: 012689 17.2-2-17
  • Block: 2
  • Lot: 17.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7564
  • Longitude: -73.8385

    Address

  • Full Address: 1 Melody Ln
  • Address - House Number: 1
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C025
  • 4-Digit Zip Code: 2013
  • Zip Code: 12309

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $462,345
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2372
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 305,985
  • High Value: 378,586
  • Low Value: 233,384

    Market Valuation

  • Market Total Value: $205,100
  • Market Land Value: $51,373
  • Market Improvement Value: $153,727

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,600
  • Assessed Land Value: $26,200
  • Assessed Improvements Value: $78,400

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10855
  • Previous Sale Recording Date: Nov 12, 2020
  • Previous Sale Contract Date: Oct 29, 2020
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: 71
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

2268 ft²

Average Home Age

91.1 years

Currently For Sale

536 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 21 Van Heusen Street, Albany, NY, 12205

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
21 Van Heusen Street #2, Albany, NY, 12205 Listing by Daniel Shepard

Rentals Near You

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

Listed by: Anthony Gucciardo
RE/MAX Park Place
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 27114039
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 Melody Lane built and last sold?
The property at 1 Melody Lane was built in 1955 and last sold on Jun 13, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 1 Melody Lane is $267,650.
What are some comparable homes to 1 Melody Lane?
There are currently no comparable homes to 1 Melody Lane.
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