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Colonie 12205
2 Caveson Lane
$305,000
● House - Off Market

2 Caveson Lane

Colonie, NY 12205
bedrooms
3 Beds
bathrooms
1 Bath
$279,689
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Turnkey and conveniently located on a quiet street in the desirable village of Colonie! Spacious kitchen, and living/dining room on the main floor boasts vaulted ceilings and abundant natural light through the large windows. Cozy but roomy lower level family room overlooks the private, already fenced in backyard. Oversized garage provides plenty of opportunity for storage or workshop space. Improvements include refinished hardwood floors throughout the house (2018) and a newer roof (2017). A short walk to Saddlewood Elementary, and a quick drive to highways, malls, and restaurants. LOW taxes!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1965

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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 #202312944)

Price History

Date / Event Date Event Price
May 8, 2023 Sold
Premium
Sold
Mar 8, 2023 Listed by Properly $274,900
Listed by Properly
Jun 29, 2017 Sold
Premium
Sold
May 22, 2017 Sold
Premium
Sold
Mar 10, 2017 Listed by Properly $199,900
Listed by Properly

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 448
  • Garage Type: 1
  • Garage Square Area: 372
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAVENSON LANE
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 2 N-4 E-CAVESON LA S-11-28

Neighborhood

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

Zoning

  • Zoning: 42

Geography

  • Account Number: 02901600010230000000
  • District: 012601
  • Section: 29.16
  • Parcel: 012601 29.16-1-23
  • Block: 1
  • Lot: 23.000
  • Municipality: COLONIE
  • Latitude: 42.7292
  • Longitude: -73.8357

    Address

  • Full Address: 2 Caveson Ln
  • Address - House Number: 2
  • Address - Street Name: Caveson
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Albany
  • Carrier Code: C021
  • 4-Digit Zip Code: 3902
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $386,789
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 291,985
  • High Value: 361,724
  • Low Value: 222,246

    Market Valuation

  • Market Total Value: $196,100
  • Market Land Value: $39,220
  • Market Improvement Value: $156,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,000
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $80,000

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8249
  • Previous Sale Recording Date: Jun 29, 2017
  • Previous Sale Contract Date: May 22, 2017
  • Previous Sale Amount: $200,000
  • 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:

$339,000

Sale Price/ft²

$250

Above Asking

0.00%

Average Days on Market

52

Average Home Size

1471 ft²

Average Home Age

77.3 years

Currently For Sale

11 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

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Global MLS

Listed by: Shari DeMichele
Properly
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202312944
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 2 Caveson Lane built and last sold?
The property at 2 Caveson Lane was built in 1965 and last sold on Apr 28, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 2 Caveson Lane is $0.
What are some comparable homes to 2 Caveson Lane?
There are currently no comparable homes to 2 Caveson Lane.
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