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Rotterdam 12303
1075 Palazini Drive
$195,800
● House - Off Market

1075 Palazini Drive

Rotterdam, NY 12303
bedrooms
4 Beds
bathrooms
1 Bath
$1,300
Est. Monthly
14.94%
Cap Rate

About This Property

Discover this charming Cape Cod home in Rotterdam's  Colbrook neighborhood. Featuring 2 bedrooms on the first floor and 2 on the second and 1 well-appointed bath, living room with pellet stove for additional heat. Newer furnace offers radiant heat on the first floor and hot water heat on the second floor. Newer roof and updated full bath. Newer breezeway designed for large eating area. 2-car attached garage and large fenced yard on a corner lot. This home is a blank canvas, ready for your personal touch. Don't miss this opportunity to make it yours!
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$323
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: 2 years ago (Global MLS #202423959)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Aug 31, 2024 In contract -
In contract
Aug 27, 2024 Price Decreased $199,000
↓ $20K (9.1%)
Price Decreased
Aug 21, 2024 Listed by Miranda Real Estate Group Inc $218,900
Listed by Miranda Real Estate Group Inc
Mar 18, 2004 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 1,286
  • Building Area: 1,286
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,286
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G,BZY COLDBROOK-546 5.-380-4

Neighborhood

  • School District Name: Rotterdam-Mohonasen Central School District
  • School Tax School District: MOHONASEN
  • Census Tract: 032902

Zoning

  • Zoning: R-1

Geography

  • District: 422800
  • Section: 59.14
  • Parcel: 422800 59.14-5-16
  • Block: 5
  • Lot: 16.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7775
  • Longitude: -73.942

    Address

  • Full Address: 1075 Palazini Dr
  • Address - House Number: 1075
  • Address - Street Name: Palazini
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C029
  • 4-Digit Zip Code: 3692
  • Zip Code: 12303

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $488,299
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 220,389
  • High Value: 272,122
  • Low Value: 168,656

    Market Valuation

  • Market Total Value: $173,700
  • Market Land Value: $18,423
  • Market Improvement Value: $155,277

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,000
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $118,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 04, 2004
  • Current Sale Recording Date: Mar 18, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
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

1624 ft²

Average Home Age

76.4 years

Currently For Sale

49 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 1347 Union Street, Schenectady, NY, 12308

$2,950 /mo

  • 4 Beds
  • 1 Bath
  • 2,188 ft²
1347 Union Street, Schenectady, NY, 12308 Listing by Anthony Durante

Rentals Near You

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

Listed by: Christine M Serafini
Miranda Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202423959
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 1075 Palazini Drive built and last sold?
The property at 1075 Palazini Drive was built in 1950 and last sold on Feb 4, 2004 for $76,000.
How much is this home worth?
The estimated value of the home located at 1075 Palazini Drive is $0.
What are some comparable homes to 1075 Palazini Drive?
There are currently no comparable homes to 1075 Palazini Drive.
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