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Albany 12205
2 Midway Drive
$300,760
● House - Off Market

2 Midway Drive

Colonie, NY 12205
bedrooms
3 Beds
bathrooms
2 Baths
$1,822
Est. Monthly
6.61%
Cap Rate

About This Property

This beautifully updated 3 Bed 2 Bath Bungalow is conveniently located just minutes away from Central Avenue and all that it has to offer! This home has a brand new roof and paved driveway and has been updated throughout!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1956

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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 #202427110)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Oct 29, 2024 Price Decreased $299,900
↓ $10K (3.2%)
Price Decreased
Oct 9, 2024 Listed by Pro Realty Connection LLC $309,900
Listed by Pro Realty Connection LLC
Nov 20, 2006 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-MIDWAY DR E-CONSAUL RD S-8-68

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013804

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 02901000010290000000
  • District: 012689
  • Section: 29.10
  • Parcel: 012689 29.10-1-29
  • Block: 1
  • Lot: 29.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7377
  • Longitude: -73.8494

    Address

  • Full Address: 2 Midway Dr
  • Address - House Number: 2
  • Address - Street Name: Midway
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C019
  • 4-Digit Zip Code: 4202
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $402,269
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 63
  • Final Value: 266,489
  • High Value: 334,825
  • Low Value: 198,153

    Market Valuation

  • Market Total Value: $176,500
  • Market Land Value: $44,125
  • Market Improvement Value: $132,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,000
  • Assessed Land Value: $22,500
  • Assessed Improvements Value: $67,500

    Sales

  • Current Sale Contract Date: Oct 27, 2006
  • Current Sale Recording Date: Nov 20, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9836104
  • Previous Sale Recording Date: Nov 20, 2006
  • Previous Sale Contract Date: Oct 27, 2006
  • Previous Sale Amount: $163,000
  • 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

$210

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2236 ft²

Average Home Age

91.4 years

Currently For Sale

574 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: Dylan M Guido
Pro Realty Connection LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202427110
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 Midway Drive built and last sold?
The property at 2 Midway Drive was built in 1956 and last sold on Oct 27, 2006 for $163,000.
How much is this home worth?
The estimated value of the home located at 2 Midway Drive is $0.
What are some comparable homes to 2 Midway Drive?
There are currently no comparable homes to 2 Midway Drive.
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