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Schenectady 12308
1656 LENOX Avenue
$115,000
● House - Off Market

1656 LENOX Avenue

Schenectady, NY 12308
bedrooms
6 Beds
bathrooms
3 Baths
$190,091
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

This 3000 sf former group home features 6BR big yard w/newer fence & large porch. Ideal for a variety of uses, walk to hospitals, colleges, downtown and is on the bus-line. Ready for your personal touch, home has solid bones & is a great value. Very Good Condition
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1900

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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: 3 years ago (Global MLS #201716859)

Price History

Date / Event Date Event Price
Feb 16, 2018 Sold
Premium
Sold
Aug 11, 2017 Listed by Berkshire Hathaway HomeServices Blake, REALTORS $121,500
Listed by Berkshire Hathaway HomeServices Blake, REALTORS

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 416
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,008
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 720
  • Total Building Area: 3,114
  • Building Area: 3,114
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,114
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000229
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLOCK 1 GROUP HOME

Neighborhood

  • School District Name: Schenectady City School District
  • School Tax School District: SCHENECTADY
  • Census Tract: 020101

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 421500
  • Section: 39.51
  • Parcel: 421500 39.51-3-40.1
  • Block: 3
  • Lot: 40.001
  • Municipality: SCHENECTADY
  • Latitude: 42.8217
  • Longitude: -73.9211

    Address

  • Full Address: 1656 Lenox Rd
  • Address - House Number: 1656
  • Address - Street Name: Lenox
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C006
  • 4-Digit Zip Code: 2038
  • Zip Code: 12308

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $513,529
  • Tax Rate Code Area: 421500

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 186,622
  • High Value: 227,227
  • Low Value: 146,018

    Market Valuation

  • Market Total Value: $120,506
  • Market Land Value: $29,240
  • Market Improvement Value: $91,266

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,200
  • Assessed Land Value: $23,100
  • Assessed Improvements Value: $72,100

    Sales

  • Current Sale Contract Date: Feb 08, 2018
  • Current Sale Recording Date: Feb 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201807324
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 Schenectady

Stats & Trends

Median Asking:

$252,500

Sale Price/ft²

$153

Below Asking

0.02%

Average Days on Market

67

Average Home Size

1985 ft²

Average Home Age

93.7 years

Currently For Sale

225 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

Rentals Near You

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Global MLS

Listed by: Karen Zalewski-Wildzunas
Berkshire Hathaway HomeServices Blake, REALTORS
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 201716859
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 1656 Lenox Road built and last sold?
The property at 1656 Lenox Road was built in 1900 and last sold on Feb 8, 2018 for $115,000.
How much is this home worth?
The estimated value of the home located at 1656 Lenox Road is $0.
What are some comparable homes to 1656 Lenox Road?
There are currently no comparable homes to 1656 Lenox Road.
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