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Schenectady 12304
283 LORRAINE Avenue
$145,200
● House - Off Market

283 LORRAINE Avenue

Schenectady, NY 12304
bedrooms
3 Beds
bathrooms
2 Baths
$227,801
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

REDUCED!!!  $$$$MUST SEE this SPACIOUS 2000 plus sq ft raised ranch, up are 2 LARGE BEDROOMS, full bath, kitchen, dinning area and living room, down is 1 bedroom, full bath and family room with sliding glass doors to deck and LARGE FENCED IN DOUBLE LOT. Roof approx 6 years young with NEWER FURNACE & HOT WATER HEATER. Central air and one car garage also in this desirable upper State Street Area home, MINUTES TO SHOPPING AND RESTAURANTS. Call to see this 3 bedroom two full bath raised ranch!!! Excellent Condition
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1978

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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 #201831776)

Price History

Date / Event Date Event Price
Jan 30, 2019 Sold
Premium
Sold
Oct 22, 2018 Listed by Howard Hanna $149,900
Listed by Howard Hanna
Aug 16, 2004 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 812
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,030
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 221 & 347-348 RAISED RANCH

Neighborhood

  • School District Name: Schenectady City School District
  • School Tax School District: SCHENECTADY
  • Census Tract: 021801

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 421500
  • Section: 60.40
  • Parcel: 421500 60.40-4-28.1
  • Block: 4
  • Lot: 28.001
  • Municipality: SCHENECTADY
  • Latitude: 42.7816
  • Longitude: -73.894

    Address

  • Full Address: 283 Lorraine Ave
  • Address - House Number: 283
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C012
  • 4-Digit Zip Code: 2233
  • Zip Code: 12304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $723,637
  • Tax Rate Code Area: 421500

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 268,439
  • High Value: 333,056
  • Low Value: 203,821

    Market Valuation

  • Market Total Value: $192,785
  • Market Land Value: $28,861
  • Market Improvement Value: $163,924

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,300
  • Assessed Land Value: $22,800
  • Assessed Improvements Value: $129,500

    Sales

  • Current Sale Contract Date: Jan 28, 2019
  • Current Sale Recording Date: Jan 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201904329
  • Previous Sale Recording Date: Aug 16, 2004
  • Previous Sale Contract Date: Aug 12, 2004
  • Previous Sale Amount: $120,000
  • 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 Schenectady

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1940 ft²

Average Home Age

93.7 years

Currently For Sale

155 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 3911 Albany Street, Schenectady, NY, 12304

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
3911 Albany Street, Schenectady, NY, 12304 Listing by Brian A Amaral
Unit for rent at 534 N Brandywine Avenue, Schenectady, NY, 12308

$1,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,166 ft²
534 N Brandywine Avenue #2F, Schenectady, NY, 12308 Listing by Scott Frahm

Rentals Near You

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

Listed by: John DeGeorgio
Howard Hanna
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 201831776
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 283 Lorraine Avenue built and last sold?
The property at 283 Lorraine Avenue was built in 1978 and last sold on Jan 28, 2019 for $145,500.
How much is this home worth?
The estimated value of the home located at 283 Lorraine Avenue is $0.
What are some comparable homes to 283 Lorraine Avenue?
There are currently no comparable homes to 283 Lorraine Avenue.
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