117 North Lake Avenue

Local assessors in Albany, NY have categorized 117 North Lake Avenue as a commercial type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 2,046 square feet. The linear feet between the front and back of the lot was measured at 931 ft and the front of the lot was measured at 221 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 600 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The home has been utilizing oil for fuel. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 117 North Lake Avenue was last sold in Jul 5, 2023 for $165,000. According to our calculations, that's $69.44 per sqft. Prior to that sales transaction, the property was sold for $58,000 in Apr 19, 2016. Current property owners are expected to pay $2,643 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 117 North Lake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $58,000. To break that down further, the land itself was valued at $3,100. While improvements to the property were assessed at a total of $54,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.