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Colonie 12205
12 Loralee Drive
$240,000
● House - Off Market

12 Loralee Drive

Colonie, NY 12205
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$1,413
Est. Monthly
25.18%
Cap Rate

About This Property

This is the home you've been waiting for! Perfectly situated in the desirable South Colonie School District, this charming ranch offers easy single-floor living with 3 comfortable bedrooms and 1 full bath. The spacious kitchen provides plenty of room for family gatherings and entertaining, while the bright living spaces create a warm and welcoming atmosphere. Central air adds comfort throughout the seasons, and the private backyard is ideal for relaxing or gardening. A detached one-car garage provides convenience and extra storage. With just a bit of TLC and personal updating, this home has the potential to shine-making it an excellent choice for first-time buyers, those looking to downsize, or anyone seeking a home with both value and opportunity.
Unit Size
912 Ft²
Days on Market
65 days
Land Size
0.16 acres
Price per sqft
$252
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1960

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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: 12 months ago (Global MLS #202525526)

Price History

Date / Event Date Event Price
Nov 14, 2025 Sold
Premium
Sold
Sep 14, 2025 In contract -
In contract
Sep 10, 2025 Listed by Clancy Real Estate $229,900
Listed by Clancy Real Estate
Sep 7, 2012 Sold
Premium
Sold
Apr 1, 2012 Listed by Clancy Real Estate $139,900
Listed by Clancy Real Estate
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POLLMAN GARDENS
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 12 N-5 E-14 S-51-24

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013902

Zoning

  • Zoning: 42

Geography

  • Account Number: 02901100030060000000
  • District: 012601
  • Section: 29.11
  • Parcel: 012601 29.11-3-6
  • Block: 3
  • Lot: 6.000
  • Municipality: COLONIE
  • Latitude: 42.7342
  • Longitude: -73.8428

    Address

  • Full Address: 12 Loralee Dr
  • Address - House Number: 12
  • Address - Street Name: Loralee
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C008
  • 4-Digit Zip Code: 2221
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $319,100
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2655
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 62
  • Final Value: 241,183
  • High Value: 305,241
  • Low Value: 177,125

    Market Valuation

  • Market Total Value: $161,800
  • Market Land Value: $36,871
  • Market Improvement Value: $124,929

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,500
  • Assessed Land Value: $18,800
  • Assessed Improvements Value: $63,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 05, 2012
  • Current Sale Recording Date: Sep 07, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11228796
  • Previous Sale Recording Date: May 25, 2006
  • Previous Sale Contract Date: May 24, 2006
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 27
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 Colonie

Stats & Trends

Median Asking:

$329,950

Sale Price/ft²

$246

Above Asking

0.00%

Average Days on Market

53

Average Home Size

1424 ft²

Average Home Age

71.9 years

Currently For Sale

7 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 4 Katherine Road, Colonie, NY, 12205

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 908 ft²
4 Katherine Road, Colonie, NY, 12205 Listing by Wayne A Newcomb, Jr.

Rentals Near You

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

Listed by: Garret P Hebert
Clancy Real Estate
Last Updated: 12 months ago
Data Source: Global MLS , MLS# 202525526
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 12 Loralee Drive built and last sold?
The property at 12 Loralee Drive was built in 1960 and last sold on Sep 5, 2012 for $141,000.
How much is this home worth?
The estimated value of the home located at 12 Loralee Drive is $0.
What are some comparable homes to 12 Loralee Drive?
There are currently no comparable homes to 12 Loralee Drive.
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