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Albany 12211
16 Gregory Lane
$410,000
● House - Off Market

16 Gregory Lane

Colonie, NY 12211
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$2,504
Est. Monthly
3.91%
Cap Rate

About This Property

Fantastic opportunity to own this three bedroom, two and 1/2 bath home in Loudonville. This brick ranch boasts hard wood flooring through out, a great room perfect for entertaining, formal living room with fireplace and recently updated kitchen with an Island. Master bedroom with master bath. Large laundry room on main floor. Step out on your deck overlooking a huge private yard with spectacular in ground pool. A must see! OPEN HOUSE, Sunday September 22, 12- 2. Please join us
Unit Size
-
Days on Market
-
Land Size
0.57 acres
Price per sqft
-
Property Type
House
Property Taxes
$417
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: 2 years ago (Global MLS #202422069)

Price History

Date / Event Date Event Price
Feb 3, 2025 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Nov 20, 2024 Relisted $425,000
Relisted
Oct 3, 2024 In contract -
In contract
Sep 26, 2024 Price Decreased $425,000
↓ $29K (6.4%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1977
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 16 N-13 E-GREGORY DR C-85-80

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013603

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 04300400010280000000
  • District: 012689
  • Section: 43.04
  • Parcel: 012689 43.4-1-28
  • Block: 1
  • Lot: 28.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.71
  • Longitude: -73.7521

    Address

  • Full Address: 16 Gregory Ln
  • Address - House Number: 16
  • Address - Street Name: Gregory
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Albany
  • Carrier Code: C010
  • 4-Digit Zip Code: 1410
  • Zip Code: 12211

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510,823
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.244
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 374,224
  • High Value: 465,568
  • Low Value: 282,880

    Market Valuation

  • Market Total Value: $289,600
  • Market Land Value: $72,351
  • Market Improvement Value: $217,249

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $147,700
  • Assessed Land Value: $36,900
  • Assessed Improvements Value: $110,800

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 26, 2004
  • Current Sale Recording Date: Mar 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 30, 1995
  • Previous Sale Contract Date: May 26, 1995
  • Previous Sale Amount: $116,000
  • Previous Sale Document Type: 71
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 Albany

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$209

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2231 ft²

Average Home Age

91.3 years

Currently For Sale

576 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 940 New Loudon Road, Latham, NY, 12110

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
940 New Loudon Road, Latham, NY, 12110 Listing by Quinn M Mitchell
Unit for rent at 195 Van Rensselaer Boulevard, Menands, NY, 12204

$1,930 /mo

  • 2 Beds
  • 1 Bath
195 Van Rensselaer Boulevard #B3, Menands, NY, 12204 Listing by Karen E Laberge

Rentals Near You

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

Listed by: Lisa A Walsh
Capital Tech RE Group LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202422069
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 16 Gregory Lane built and last sold?
The property at 16 Gregory Lane was built in 1960 and last sold on Mar 26, 2004 for $174,900.
How much is this home worth?
The estimated value of the home located at 16 Gregory Lane is $429,250.
What are some comparable homes to 16 Gregory Lane?
There are currently no comparable homes to 16 Gregory Lane.
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