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Glens Falls 12801
3 First Street
$179,900
● House - Off Market

3 First Street

Glens Falls, NY 12801
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$185,384
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Fantastic property for the savvy investor! Located in the City of Glens Falls only a few blocks to health centers and the hospital, close to the fantastic dining options and entertainment, right around the corner from the Post Office, and in direct route to the Adirondack Northway! This 2 story colonial has beautiful hardwood floors and an abundance of space with a large kitchen, formal front living room and 4 bedrooms. Loads of potential with two first floor flex rooms - use for an office, den, or formal dining room. Ample storage in the basement or in the full, walk-up attic on the third floor, and located within GC2 zoning district for the business owner.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
1970

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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 #202230114)

Price History

Date / Event Date Event Price
Mar 20, 2023 Sold
Premium
Sold
Nov 15, 2022 Listed by Hunt ERA $179,900
Listed by Hunt ERA

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,050
  • Lot Size Depth Feet: 1,426
  • Lot Size Frontage Feet: 909
  • Total Building Area: 1,914
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: RES. 94X150 84.-3-17.1

Neighborhood

  • School District Name: Glens Falls City School District
  • School Tax School District: GLENS FALLS
  • Census Tract: 070100

Zoning

  • Zoning: GC2

Geography

  • District: 520500
  • Section: 309.12
  • Parcel: 520500 309.12-2-6
  • Block: 2
  • Lot: 6.000
  • Municipality: GLENS FALLS
  • Latitude: 43.304
  • Longitude: -73.6517

    Address

  • Full Address: 3 1st St
  • Address - House Number: 3
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: NY
  • City Name: Glens Falls
  • Carrier Code: C016
  • 4-Digit Zip Code: 4204
  • Zip Code: 12801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $672,338
  • Tax Rate Code Area: 520500

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 63
  • Final Value: 259,023
  • High Value: 306,210
  • Low Value: 211,835

    Market Valuation

  • Market Total Value: $253,085
  • Market Land Value: $40,745
  • Market Improvement Value: $212,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,900
  • Assessed Land Value: $38,300
  • Assessed Improvements Value: $199,600

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-1398
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 Glens Falls

Stats & Trends

Median Asking:

$269,900

Sale Price/ft²

$166

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2235 ft²

Average Home Age

108.9 years

Currently For Sale

28 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: Susan M Kassal
Hunt ERA
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202230114
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 3 1st Street built and last sold?
The property at 3 1st Street was built in 1970 and last sold on Mar 8, 2023 for $179,900.
How much is this home worth?
The estimated value of the home located at 3 1st Street is $181,699.
What are some comparable homes to 3 1st Street?
There are currently no comparable homes to 3 1st Street.
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