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Albany 12203 Melrose
116 Eileen Street
$225,000
● House - Off Market

116 Eileen Street

Albany, NY 12203
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,796 Ft²
$205,850
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Fantastic opportunity to make this adorable Bungalow your own! Two 1st floor bedrooms with a full bath, 2nd floor has 2 bedrooms with another room that could possibly be a 5th bedroom plus a ½ bathroom. Front and rear porches, off street parking w/1 detached garage. Furthermore, it's great location to enjoy one of Albany's most walkable neighborhoods.
Unit Size
1,796 Ft²
Days on Market
52 days
Land Size
0.12 acres
Price per sqft
$111
Property Type
House
Property Taxes
$413
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 years ago (Global MLS #202210785)

Price History

Date / Event Date Event Price
Mar 30, 2022 Sold
Premium
Sold
Jan 19, 2022 Listed by Clancy Real Estate $199,900
Listed by Clancy Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 3
  • 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: 4
  • Garage Square Area: 198
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLERMONT HEIGHTS
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 1 1/2 WOOD & 1 CAR CON GAR 1906215

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 000403

Zoning

  • Zoning: R2A

Geography

  • Account Number: 06402600020280000000
  • District: 010100
  • Section: 64.26
  • Parcel: 010100 64.26-2-28
  • Block: 2
  • Lot: 28.000
  • Municipality: ALBANY
  • Latitude: 42.6757
  • Longitude: -73.7982

    Address

  • Full Address: 116 Eileen St
  • Address - House Number: 116
  • Address - Street Name: Eileen
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C006
  • 4-Digit Zip Code: 2140
  • Zip Code: 12203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $501,971
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.2674
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 61
  • Final Value: 253,707
  • High Value: 321,569
  • Low Value: 185,844

    Market Valuation

  • Market Total Value: $179,303
  • Market Land Value: $35,861
  • Market Improvement Value: $143,442

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,000
  • Assessed Land Value: $25,400
  • Assessed Improvements Value: $101,600

    Sales

  • Current Sale Contract Date: Mar 26, 2022
  • Current Sale Recording Date: Mar 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8530
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 Melrose

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$188

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1776 ft²

Average Home Age

78.7 years

Currently For Sale

3 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 37 Carroll Avenue, Albany, NY, 12203

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,295 ft²
37 Carroll Avenue, Albany, NY, 12203 Listing by Nicholas W Miuccio
Unit for rent at 768 New Scotland Avenue, Albany, NY, 12208

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
768 New Scotland Avenue, Albany, NY, 12208 Listing by Yan Wang

Rentals Near You

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

Listed by: Kevin Clancy
Clancy Real Estate
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202210785
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 116 Eileen Street built and last sold?
The property at 116 Eileen Street was built in 1940 and last sold on Mar 26, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 116 Eileen Street is $0.
What are some comparable homes to 116 Eileen Street?
There are currently no comparable homes to 116 Eileen Street.
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