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Albany 12211
2 RITA Lane
$125,000
● House - Off Market

2 RITA Lane

Albany, NY 12211
bedrooms
3 Beds
bathrooms
1 Bath
$376,234
RealtyHop Estimate
191.65%
Since Aug 1, 2000
National-US
Primary Model

About This Property

CHARMING BRICK RANCH ON A DEAD END STREET. LOUDONVILLE ELEMENTARY SCHOOL DISTRICT. GREAT YARD. GLEAMING HARDWOOD FLOORS. GAS HEAT. MOVE IN CONDITION. Excellent Condition
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1948

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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 #2025416)

Price History

Date / Event Date Event Price
Nov 21, 2002 Sold
Premium
Sold
Jul 19, 2000 Sold
Premium
Sold
Mar 6, 2000 Listed by Howard Hanna $129,000
Listed by Howard Hanna

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • 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: 10
  • Garage Square Area: 1,648
  • Parking Space Count: 7
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHAKER ROAD HOMESITES
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 2 N-RITA LA E-324 C-65-01

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013709

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 05400300020190000000
  • District: 012689
  • Section: 54.03
  • Parcel: 012689 54.3-2-19
  • Block: 2
  • Lot: 19.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.6861
  • Longitude: -73.7616

    Address

  • Full Address: 2 Rita Ln
  • Address - House Number: 2
  • Address - Street Name: Rita
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Albany
  • Carrier Code: C043
  • 4-Digit Zip Code: 2322
  • Zip Code: 12211

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $506,850
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 315,096
  • High Value: 391,763
  • Low Value: 238,429

    Market Valuation

  • Market Total Value: $243,100
  • Market Land Value: $60,775
  • Market Improvement Value: $182,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,000
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $93,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 07, 2002
  • Current Sale Recording Date: Nov 21, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 19, 2000
  • Previous Sale Contract Date: Jul 14, 2000
  • Previous Sale Amount: $125,000
  • 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 Albany

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2250 ft²

Average Home Age

91.3 years

Currently For Sale

550 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: E. Janet D'Agostino
Howard Hanna
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 2025416
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 Rita Lane built and last sold?
The property at 2 Rita Lane was built in 1948 and last sold on Nov 7, 2002 for $160,000.
How much is this home worth?
The estimated value of the home located at 2 Rita Lane is $0.
What are some comparable homes to 2 Rita Lane?
There are currently no comparable homes to 2 Rita Lane.
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