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Albany 12208 Normanskill
21 OLIVE TREE Lane
$255,000
● House - Off Market

21 OLIVE TREE Lane

Albany, NY 12208
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
$1,013,817
RealtyHop Estimate
250.80%
Since Apr 1, 1998
National-US
Primary Model

About This Property

ALL BRICK HOME W/TREMENDOUS AMMENITIES, SOLID WOOD DOORS SEPARATE ENT TO 1ST FLR STUDY, FIRE & ALARM SYS, HEATED GARAGE, ACCESS TO BSMT FROM GARAGE, EXERCISE RM W/ SAUNA TRIPLE WIND IN KIT W/VIEW OF PRIVATE LOT, TOTALLY FENCED -- Excellent Condition
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1990

Payment Calculator

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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: 3 years ago (Global MLS #9733046)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
Mar 21, 2022 Listed by Coldwell Banker Prime Prop. $539,000
Listed by Coldwell Banker Prime Prop.
Apr 3, 1998 Sold
Premium
Sold
Aug 1, 1997 Listed by Coldwell Banker Prime Prop. $289,000
Listed by Coldwell Banker Prime Prop.

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,242
  • Lot Size Depth Feet: 1,428
  • Lot Size Frontage Feet: 519
  • Total Building Area: 3,582
  • Building Area: 3,582
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,582
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLYMPIAN ACRES
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 1 FAMILY WOOD &2 CAR GAR 1612420

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001804

Zoning

  • Zoning: R1B

Geography

  • Account Number: 07401200010360000000
  • District: 010100
  • Section: 74.12
  • Parcel: 010100 74.12-1-36
  • Block: 1
  • Lot: 36.000
  • Municipality: ALBANY
  • Latitude: 42.6499
  • Longitude: -73.8304

    Address

  • Full Address: 21 Olive Tree Ln
  • Address - House Number: 21
  • Address - Street Name: Olive Tree
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Albany
  • Carrier Code: C022
  • 4-Digit Zip Code: 1076
  • Zip Code: 12208

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $1,593,549
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.2346
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 550,972
  • High Value: 680,261
  • Low Value: 421,682

    Market Valuation

  • Market Total Value: $580,263
  • Market Land Value: $115,770
  • Market Improvement Value: $464,493

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $411,000
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $329,000

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15727
  • Previous Sale Recording Date: Apr 03, 1998
  • Previous Sale Contract Date: Mar 20, 1998
  • Previous Sale Amount: $255,000
  • 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 Normanskill

Stats & Trends

Median Asking:

$364,450

Sale Price/ft²

$224

Above Asking

0.00%

Average Days on Market

61

Average Home Size

1667 ft²

Average Home Age

61 years

Currently For Sale

2 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 37 Carroll Avenue, Albany, NY, 12203

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,295 ft²
37 Carroll Avenue, Albany, NY, 12203 Listing by Nicholas W Miuccio
Unit for rent at 349 Whitehall Road, Albany, NY, 12208

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,550 ft²
349 Whitehall Road, Albany, NY, 12208 Listing by Jonathan Lanahan
Unit for rent at 768 New Scotland Avenue, Albany, NY, 12208

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
768 New Scotland Avenue, Albany, NY, 12208 Listing by Yan Wang

Rentals Near You

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

Listed by: Eileen Buonome
Coldwell Banker Prime Prop.
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 9733046
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 21 Olive Tree Lane built and last sold?
The property at 21 Olive Tree Lane was built in 1990 and last sold on Jun 14, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 21 Olive Tree Lane is $0.
What are some comparable homes to 21 Olive Tree Lane?
There are currently no comparable homes to 21 Olive Tree Lane.
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