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Scotia 12302
1 Root Avenue
Photo of 1 Root Avenue
Sold on Aug 5, 2022

1

Map

$262,000
● House - Off Market

1 Root Avenue

Scotia, NY 12302
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$227,461
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Multiple offers, highest & best  5pm 6/13. Charming 4 bedroom 2 bathroom home in the village of Scotia. Home has had the same owners for 40 years and has been very well maintained. Master carpenter's home featuring many custom built ins. Home has had many updates featuring Anderson 400 series tilt-in windows, zoned dual level high efficiency central air, high efficiency furnace 7 years old, asphalt shingle roof 8 years old. Refrigerator and washer and dryer all only 1 year old. Hot water heater 6 years old. Electrical has been updated with 150 amp sq DQO panel, also all cast iron piping has been removed and updated. The master bedroom was expanded for additional sq footage and large custom built in closet. Outdoors features a large wrap around front porch, back deck and beautiful landscapi
Unit Size
1,428 Ft²
Days on Market
58 days
Land Size
0.11 acres
Price per sqft
$154
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1920

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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: 7 days ago (Global MLS #202219599)

Price History

Date / Event Date Event Price
Aug 24, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Coldwell Banker Prime Properties $220,000
Listed by Coldwell Banker Prime Properties

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 204
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,960
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 496
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SCOTIA HIGHLANDS L34 PT 3 HLG

Neighborhood

  • School District Name: Scotia-Glenville Central School District
  • School Tax School District: SCOTIA-GLENVILL
  • Census Tract: 032200

Zoning

  • Zoning: RES

Geography

  • Account Number: A09103
  • District: 422201
  • Section: 38.27
  • Parcel: 422201 38.27-3-67
  • Block: 3
  • Lot: 67.000
  • Municipality: SCOTIA
  • Latitude: 42.8294
  • Longitude: -73.9661

    Address

  • Full Address: 1 Root Ave
  • Address - House Number: 1
  • Address - Street Name: Root
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C013
  • 4-Digit Zip Code: 2013
  • Zip Code: 12302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $578,608
  • Tax Rate Code Area: 422202

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 225,875
  • High Value: 278,896
  • Low Value: 172,854

    Market Valuation

  • Market Total Value: $198,529
  • Market Land Value: $23,676
  • Market Improvement Value: $174,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,000
  • Assessed Land Value: $16,100
  • Assessed Improvements Value: $118,900

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45111

    Financing

  • First Mortgage Financing Type: ADJ
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 Scotia

Stats & Trends

Median Asking:

$264,015

Sale Price/ft²

$189

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1707 ft²

Average Home Age

86.1 years

Currently For Sale

19 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 2301 Campbell Avenue, Schenectady, NY, 12306

$2,600 /mo

  • 4 Beds
  • 1 Bath
  • 1,839 ft²
2301 Campbell Avenue, Schenectady, NY, 12306 Listing by Kevin Clancy

Rentals Near You

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

Listed by: Jasmine Beckingham
Coldwell Banker Prime Properties
Last Updated: 7 days ago
Data Source: Global MLS , MLS# 202219599
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 Root Avenue built and last sold?
The property at 1 Root Avenue was built in 1920 and last sold on Aug 5, 2022 for $262,000.
How much is this home worth?
The estimated value of the home located at 1 Root Avenue is $222,200.
What are some comparable homes to 1 Root Avenue?
There are currently no comparable homes to 1 Root Avenue.
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