3 Fenway Drive
About This Property
Lovingly maintained by just one owner, this Loudonville home is set on over a half-acre lot in one of the area's most established neighborhoods! Located within the highly regarded North Colonie School District, this home offers 5 bedrooms, 2.5 bathrooms, low Colonie taxes, and an exceptional outdoor setting. The inviting exterior features a covered front porch with classic columns, a paver walkway, updated lighting, and beautifully landscaped grounds. Ornamental flowering shrubs, a striking split-leaf Japanese maple, eastern redbud trees, and established perennial gardens provide exceptional curb appeal throughout the seasons. Inside, hardwood floors and fresh paint throughout create a bright, welcoming atmosphere. The spacious layout provides flexibility for changing needs. The first floor features a living room, half bathroom, formal dining room, a kitchen with ample workspace and a family room with a cozy fireplace and built-ins. Upstairs features five spacious bedrooms and 2 full bathrooms including a primary suite. A full unfinished basement provides excellent potential for future living space, recreation, workshop space, or storage and is equipped with an upgraded whisper-quiet sump pump system and battery backup. The private backyard features an enlarged patio, a deck off the dining room that sits flush with the above ground pool, and multiple seating areas ideal for entertaining, relaxing, or enjoying summer days by the water. There is plenty of room to play, garden, or simply enjoy the peaceful surroundings. Additional highlights include updated siding, Pella and Andersen windows and sliders, and shutters. Located in a friendly and well-established neighborhood, you'll enjoy the perfect balance of a quiet residential setting with convenient access to shopping, dining, entertainment, Siena College, and major commuter routes. This is a home that has been cherished for generations and is ready to welcome its next chapter!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by Romeo Team Realty | $525,000 | |
| Listed by Romeo Team Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017