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Colonie 12205
25 Fermac Street
$140,000
● House - Off Market

25 Fermac Street

Colonie, NY 12205
bedrooms
3 Beds
bathrooms
2 Baths
$144,064
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

**MULTIPLE OFFERS, HIGHEST & BEST DUE WED 2/9 at 6PM**

Needs work but tons of potential with this fix & flip or make it your own.  Located on a large lot at the end of a dead end street. South Colonie schools. Low Colonie taxes. Convenient to The Crossings, Colonie Center & other shopping, major highways. This is an estate & is being sold AS IS.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1935

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: 4 years ago (Global MLS #202211669)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Feb 7, 2022 Listed by Berkshire Hathaway Blake $139,900
Listed by Berkshire Hathaway Blake

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,387
  • Building Area: 1,387
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,387
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARMAC PARK
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LTS 23-25 N-373 E-7 S-42-37

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013901

Zoning

  • Zoning: 45

Geography

  • Account Number: 02901400010090000000
  • District: 012601
  • Section: 29.14
  • Parcel: 012601 29.14-1-9
  • Block: 1
  • Lot: 9.000
  • Municipality: COLONIE
  • Latitude: 42.731
  • Longitude: -73.8511

    Address

  • Full Address: 25 Fermac St
  • Address - House Number: 25
  • Address - Street Name: Fermac
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C031
  • 4-Digit Zip Code: 4704
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,912
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.1105
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 88
  • Final Value: 308,077
  • High Value: 342,141
  • Low Value: 274,012

    Market Valuation

  • Market Total Value: $179,400
  • Market Land Value: $35,880
  • Market Improvement Value: $143,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,500
  • Assessed Land Value: $18,300
  • Assessed Improvements Value: $73,200
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:

$330,000

Sale Price/ft²

$252

Above Asking

0.00%

Average Days on Market

54

Average Home Size

1506 ft²

Average Home Age

71.1 years

Currently For Sale

8 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 21 Van Heusen Street, Albany, NY, 12205

$1,950 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
21 Van Heusen Street #2, Albany, NY, 12205 Listing by Daniel Shepard

Rentals Near You

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

Listed by: Claudine D Hodge
Berkshire Hathaway Blake
Last Updated: 4 years ago
Data Source: Global MLS , MLS# 202211669
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 25 Fermac Street built and last sold?
The property at 25 Fermac Street was built in 1935 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 25 Fermac Street is $282,699.
What are some comparable homes to 25 Fermac Street?
There are currently no comparable homes to 25 Fermac Street.
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