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113 Lancaster Street

113 Lancaster Street, Albany, NY 12210
Multifamily in Center Square
Sold Jan 06, 2021
$332,000
$248,775 by Homestead Funding Corp
Mortgage Due Jan 01, 2051
Sold Dec 14, 2011
$265,000
$258,282 by Fifth Third Mortgage Co
Mortgage Due Dec 01, 2041
113 Lancaster Street has been categorized by the local assessors in Albany, NY as a residential type of property. The building on the property was first built in 1884 and is 140 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 113 Lancaster Street has 3,086 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 880 ft and across the front of the lot is 188 ft. The area measurement of the land has been determined as 1,584 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of brick. In terms of heating, it is utilizing electric heaters and being fueled with electricity. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 113 Lancaster Street sold most recently in Dec 7, 2020 for a total of $332,000. If you work out the math, that's approximately a cost of $107.58 per sqft. Before that, the property was also sold for $265,000 in Nov 30, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,962 in taxes each year. 113 Lancaster Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $252,000. If we break it down further, the land itself was valued at $50,400. Improvements to the property, however, were assessed at a total of $201,600. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Other
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 1,584
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 188
  • Total Building Area: 3,086
  • Gross Building Area: 3,086
  • Building Area: 3,086
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 3,086
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.036
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 3 1/2 BRICK & FIRE ESC 0506009

Ownership

  • Current Owner : LAZAR ADRIAN
  • Current Owner 2: LAZAR SARAH
  • Previous Owner : MCMAHON BRITTNAY M
  • Previous Owner 2: MCMAHON JOSHUA E
  • Owner Before Previous Owner: HUNT DAVID A
  • Owner Before Previous Owner 2: HUNT DORIANNE R

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001400

Zoning

  • Zoning: R2C

Geography

  • Account Number: 07602400060330000000
  • District: 010100
  • Section: 76.24
  • Parcel: 010100 76.24-6-33
  • Block: 6
  • Lot: 33.000
  • Municipality: ALBANY
  • Latitude: 42.6527
  • Longitude: -73.7613

    Address

  • Full Address: 113 Lancaster St
  • Address - House Number: 113
  • Address - Street Name: Lancaster
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 1903
  • Zip Code: 12210

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,962
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.4572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 8
  • Final Value: 610,704
  • High Value: 889,920
  • Low Value: 331,487

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $248,775
  • First Open Lien Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jan 06, 2021
  • First Open Lien Mortgage Loan Amount: $248,775
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $355,781
  • Market Land Value: $71,156
  • Market Improvement Value: $284,625

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,000
  • Assessed Land Value: $50,400
  • Assessed Improvements Value: $201,600

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Transaction ID: 11816276171
  • Current Sale Price: $332,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021-00344
  • Previous Sale Recording Date: Dec 14, 2011
  • Previous Sale Contract Date: Nov 30, 2011
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Mortgage Transaction Date: Jan 06, 2021
  • First Mortgage Loan Amount: $248,775
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Dec 14, 2011
  • Previous Mortgage Loan Amount: $258,282
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2041

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Frequently Asked Questions

What neighborhood is 113 Lancaster Street located in?
The 113 Lancaster Street is a multifamily located in the neighborhood of Center Square in Center Square, Albany.
What is the average sales price for listings in 113 Lancaster Street?
The average sales price for units in 113 Lancaster Street is $0 currently.

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