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Albany 12205
18 Louis Drive
$262,800
● House - Off Market

18 Louis Drive

Colonie, NY 12205
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,118 Ft²
$258,375
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFERS. HIGHEST AND BEST DUE THURSDAY AT 10AM. Welcome to 18 Louis Drive! This spacious ranch is everything you have been looking for! Gleaming hardwood flooring leads you into the oversized living room, open to dining area. Expansive kitchen with ample cabinet and counter space for all your cooking and entertaining needs. The finished basement is ideal for an additional family room or home office! Enjoy the summer days and nights on the stamped concrete patio overlooking the private fenced back yard. Move in with confidence with a less than 1 year old roof. Don't let this one pass you by!
Unit Size
1,118 Ft²
Days on Market
56 days
Land Size
0.24 acres
Price per sqft
$224
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1960

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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: 2 years ago (Global MLS #202218831)

Price History

Date / Event Date Event Price
Aug 18, 2022 Sold
Premium
Sold
May 27, 2022 Listed by Hunt ERA $249,900
Listed by Hunt ERA

Property Highlights

Parking Available
Garage

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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-NY STATE E-20 S-49-50

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013708

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 04201900090330000000
  • District: 012689
  • Section: 42.19
  • Parcel: 012689 42.19-9-33
  • Block: 9
  • Lot: 33.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7034
  • Longitude: -73.7945

    Address

  • Full Address: 18 Louis Dr
  • Address - House Number: 18
  • Address - Street Name: Louis
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C017
  • 4-Digit Zip Code: 1811
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $449,250
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 270,738
  • High Value: 338,248
  • Low Value: 203,228

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $50,000
  • Market Improvement Value: $150,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,000
  • Assessed Land Value: $25,500
  • Assessed Improvements Value: $76,500

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19323
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

2254 ft²

Average Home Age

91.5 years

Currently For Sale

556 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 27 Mckinley Street, Albany, NY, 12206

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 712 ft²
27 Mckinley Street #1, Albany, NY, 12206 Listing by Genevieve Suguitan
Unit for rent at 28 Everett Rd Ext, Colonie, NY, 12205

$1,850 /mo

  • 1 Bed
  • 1 Bath
  • 832 ft²
28 Everett Rd Ext, Colonie, NY, 12205 Listing by Laura Crisafulli

Rentals Near You

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

Listed by: Jaime A Evans
Hunt ERA
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202218831
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 18 Louis Drive built and last sold?
The property at 18 Louis Drive was built in 1960 and last sold on Aug 5, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 18 Louis Drive is $252,458.
What are some comparable homes to 18 Louis Drive?
There are currently no comparable homes to 18 Louis Drive.
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