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172 Ormond Street

172 Ormond Street, Albany, NY 12208
Sold Jan 15, 2020
$220,000
$187,000 by Homestead Funding Corp
Mortgage Due Feb 01, 2050
Sold Aug 05, 2013
$201,000
$160,800 by Homestead Funding Corp
Mortgage Due Aug 01, 2043
Local assessors in Albany, NY have categorized 172 Ormond Street as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 9,000 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 172 Ormond Street has a total of 1,992 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 585 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 garage underground or in the basement for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. 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 - C. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 172 Ormond Street was last sold in Dec 31, 2019 for $220,000. According to our calculations, that's $110.44 per sqft. Prior to that sales transaction, the property was sold for $201,000 in Jul 31, 2013. Current property owners are expected to pay $7,970 in taxes per year. The property on 172 Ormond Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $203,000. To break that down further, the land itself was valued at $41,000. While improvements to the property were assessed at a total of $162,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 585
  • Garage Type: Underground/basement
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,992
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PROPERTY OF HARMONY HILL
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2 BRK-WD & 1 CAR GAR 1900113

Ownership

  • Current Owner : WESTERMAN MICHAEL J
  • Current Owner 2: WESTERMAN ANNA P
  • Previous Owner : CHEN GANG
  • Previous Owner 2: CHEN HUIMIN
  • Owner Before Previous Owner: MURPHY VINCENT J
  • Owner Before Previous Owner 2: MURPHY MARY S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001803

Zoning

  • Zoning: R1B

Geography

  • Account Number: 06405500020320000000
  • District: 010100
  • Section: 64.55
  • Parcel: 010100 64.55-2-32
  • Block: 2
  • Lot: 32.000
  • Municipality: ALBANY
  • Latitude: 42.666
  • Longitude: -73.8123

    Address

  • Full Address: 172 Ormond St
  • Address - House Number: 172
  • Address - Street Name: Ormond
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C013
  • 4-Digit Zip Code: 1424
  • Zip Code: 12208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,970
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.2357
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 311,130
  • High Value: 384,469
  • Low Value: 237,791

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $187,000
  • First Open Lien Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jan 15, 2020
  • First Open Lien Mortgage Loan Amount: $187,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2050

    Market Valuation

  • Market Total Value: $286,602
  • Market Land Value: $57,885
  • Market Improvement Value: $228,717

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,000
  • Assessed Land Value: $41,000
  • Assessed Improvements Value: $162,000

    Sales

  • Current Sale Contract Date: Dec 31, 2019
  • Current Sale Recording Date: Jan 15, 2020
  • Current Sale Transaction ID: 11724607250
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020-01185
  • Previous Sale Recording Date: Aug 05, 2013
  • Previous Sale Contract Date: Jul 31, 2013
  • Previous Sale Amount: $201,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Mortgage Transaction Date: Jan 15, 2020
  • First Mortgage Loan Amount: $187,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: HOMESTEAD FUNDING CORP
  • Previous Mortgage Transaction Date: Aug 05, 2013
  • Previous Mortgage Loan Amount: $160,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2043

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Frequently Asked Questions

What neighborhood is 172 Ormond Street located in?
The 172 Ormond Street is a located in the neighborhood of Buckingham Lake - Crestwood in Buckingham Lake - Crestwood, Albany.
What is the average sales price for listings in 172 Ormond Street?
The average sales price for units in 172 Ormond Street is $0 currently.

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