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Colonie 12205
29 Forest Drive
$368,000
● House - Off Market

29 Forest Drive

Colonie, NY 12205
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$2,195
Est. Monthly
7.81%
Cap Rate

About This Property

Welcome to Newly Renovated turn-key Modern Colonial home located close to all local shopping. Enjoy the open kitchen. Finish basement.
Unit Size
1,560 Ft²
Days on Market
57 days
Land Size
0.16 acres
Price per sqft
$243
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1946

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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: 2 years ago (Global MLS #202523215)

Price History

Date / Event Date Event Price
Oct 1, 2025 Sold
Premium
Sold
Aug 14, 2025 In contract -
In contract
Aug 3, 2025 Listed by CM Fox Real Estate $379,000
Listed by CM Fox Real Estate
Jun 23, 2015 Sold
Premium
Sold
Apr 22, 2015 Listed by CM Fox Real Estate $204,900
Listed by CM Fox Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 61 N-31 E-40 S-102-12

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013902

Zoning

  • Zoning: 42

Geography

  • Account Number: 04100800070140000000
  • District: 012601
  • Section: 41.08
  • Parcel: 012601 41.8-7-14
  • Block: 7
  • Lot: 14.000
  • Municipality: COLONIE
  • Latitude: 42.7185
  • Longitude: -73.8268

    Address

  • Full Address: 29 Forest Dr
  • Address - House Number: 29
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 2521
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $408,063
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 292,240
  • High Value: 363,346
  • Low Value: 221,135

    Market Valuation

  • Market Total Value: $206,900
  • Market Land Value: $41,380
  • Market Improvement Value: $165,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,500
  • Assessed Land Value: $21,100
  • Assessed Improvements Value: $84,400

    Sales

  • Current Sale Contract Date: Jun 17, 2015
  • Current Sale Recording Date: Jun 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11858507
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:

$329,950

Sale Price/ft²

$246

Above Asking

0.00%

Average Days on Market

53

Average Home Size

1424 ft²

Average Home Age

71.9 years

Currently For Sale

7 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 72 Lincoln Avenue, Colonie, NY, 12205

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 960 ft²
72 Lincoln Avenue, Colonie, NY, 12205 Listing by Marisa Moffatt

Rentals Near You

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

Listed by: Laura Louie
CM Fox Real Estate
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202523215
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 29 Forest Drive built and last sold?
The property at 29 Forest Drive was built in 1946 and last sold on Jun 17, 2015 for $200,000.
How much is this home worth?
The estimated value of the home located at 29 Forest Drive is $381,023.
What are some comparable homes to 29 Forest Drive?
There are currently no comparable homes to 29 Forest Drive.
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