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Rotterdam 12306
1035 WALLACE Avenue
Photo of 1035 WALLACE Avenue
Sold on Sep 6, 2013

1

Map

$114,480
● House - Off Market

1035 WALLACE Avenue

Rotterdam, NY 12306
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$214,175
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Charming cape in Rotterdam on private treed lot that is fenced. Updates throughout including kit with glazed cabinets and corian top, hard wood floors throughout, newer roof, heating, hot water tank and roof, Wood stove in living room, Perfect starter home or to downsize. Conveniently located near eateries, shopping and school. Updated electrical. Freshly painted throughout. Sellers are relocating and very motivated. Neutral colors. All supporting documents on line. Easy to show. Excellent Condition
Unit Size
1,056 Ft²
Days on Market
142 days
Land Size
-
Price per sqft
$104
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1940

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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: 2 days ago (Global MLS #201316797)

Price History

Date / Event Date Event Price
Jul 6, 2018 Sold
Premium
Sold
Apr 16, 2018 Listed by KW Platform $134,900
Listed by KW Platform
Sep 12, 2013 Sold
Premium
Sold
Apr 17, 2013 Listed by KW Platform $110,000
Listed by KW Platform
Dec 5, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1970
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCHENECTADY ANNEX INPROVEMENT COMPANY
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G,2DM SCHDY ANNEX-463 6.-464-10

Neighborhood

  • School District Name: Rotterdam-Mohonasen Central School District
  • School Tax School District: MOHONASEN
  • Census Tract: 033004

Zoning

  • Zoning: R-1

Geography

  • District: 422800
  • Section: 48.19
  • Parcel: 422800 48.19-14-23
  • Block: 14
  • Lot: 23.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7886
  • Longitude: -73.9807

    Address

  • Full Address: 1035 Wallace Ave
  • Address - House Number: 1035
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C005
  • 4-Digit Zip Code: 2007
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,246
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 203,034
  • High Value: 252,661
  • Low Value: 153,406

    Market Valuation

  • Market Total Value: $163,200
  • Market Land Value: $8,950
  • Market Improvement Value: $154,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,000
  • Assessed Land Value: $6,800
  • Assessed Improvements Value: $117,200

    Sales

  • Current Sale Contract Date: Jun 29, 2018
  • Current Sale Recording Date: Jul 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201829670
  • Previous Sale Recording Date: Sep 12, 2013
  • Previous Sale Contract Date: Sep 06, 2013
  • Previous Sale Amount: $114,500
  • 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 Rotterdam

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1647 ft²

Average Home Age

77.3 years

Currently For Sale

48 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 418 3rd Street, Schenectady, NY, 12306

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
418 3rd Street #1STFL, Schenectady, NY, 12306 Listing by Moonrani G Gumani

Rentals Near You

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

Listed by: Kathleen Angiolini
KW Platform
Last Updated: 2 days ago
Data Source: Global MLS , MLS# 201316797
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 1035 Wallace Avenue built and last sold?
The property at 1035 Wallace Avenue was built in 1940 and last sold on Jun 29, 2018 for $137,000.
How much is this home worth?
The estimated value of the home located at 1035 Wallace Avenue is $136,249.
What are some comparable homes to 1035 Wallace Avenue?
There are currently no comparable homes to 1035 Wallace Avenue.
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