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Saratoga 12020
3 Collamer Drive
$295,000
● House - Off Market

3 Collamer Drive

Ballston Spa, NY 12020
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$1,886
Est. Monthly
9.76%
Cap Rate

About This Property

Ready to Occupy! This 4 Bedroom Cape is looking for new owners. The property features 2 bedrooms on 1st level and 2 on 2nd level, Hardwood flooring, newer SS appliances in kitchen. The dry basement with Bilco doors can be used for additional storage. Large, private and fenced back yard is a great space for outdoor activities and entertaining. In addition there is a Heated Workshop. Conventionally located close to Global Foundaries, Saratoga and I87. Must see!
Unit Size
1,152 Ft²
Days on Market
87 days
Land Size
0.37 acres
Price per sqft
$273
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1951

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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: 2 years ago (Global MLS #202415080)

Price History

Date / Event Date Event Price
Jul 8, 2024 Sold
Premium
Sold
May 12, 2024 In contract -
In contract
Apr 30, 2024 Price Decreased $315,000
↓ $18K (5.4%)
Price Decreased
Apr 12, 2024 Listed by Howard Hanna Capital Inc $333,000
Listed by Howard Hanna Capital Inc
Nov 4, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Ballston Spa Central School District
  • School Tax School District: BALLSTON SPA
  • Census Tract: 061907

Zoning

  • Zoning: R1

Geography

  • Account Number: 5 J01152
  • District: 414089
  • Section: 229.02
  • Parcel: 414089 229.2-1-44
  • Block: 1
  • Lot: 44.000
  • Municipality: MALTA (TOV)
  • Latitude: 42.9772
  • Longitude: -73.7881

    Address

  • Full Address: 3 Collamer Dr
  • Address - House Number: 3
  • Address - Street Name: Collamer
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Ballston Spa
  • Carrier Code: R016
  • 4-Digit Zip Code: 4348
  • Zip Code: 12020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $261,743
  • Tax Rate Code Area: 414201

    Appraisal Valuation

  • Standard Deviation: 0.1997
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 279,512
  • High Value: 335,331
  • Low Value: 223,693

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $25,900
  • Market Improvement Value: $214,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,000
  • Assessed Land Value: $25,900
  • Assessed Improvements Value: $214,100

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 34773
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 Saratoga

Stats & Trends

Median Asking:

$472,450

Sale Price/ft²

$259

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3397 ft²

Average Home Age

74.9 years

Currently For Sale

900 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 93 Thimbleberry Road, Malta, NY, 12020

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,592 ft²
93 Thimbleberry Road, Malta, NY, 12020 Listing by Alysa Isaacson

Rentals Near You

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

Listed by: Mary E Hutton
Howard Hanna Capital Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202415080
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 Collamer Drive built and last sold?
The property at 3 Collamer Drive was built in 1951 and last sold on Oct 24, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 3 Collamer Drive is $0.
What are some comparable homes to 3 Collamer Drive?
There are currently no comparable homes to 3 Collamer Drive.
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