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Albany
3 Marco Polo Drive
$501,000
● House - Off Market

3 Marco Polo Drive

Colonie, NY 12110
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,538 Ft²
$2,779
Est. Monthly
10.48%
Cap Rate

About This Property

Nestled in a fantasy neighborhood within the award- winning North Colonie School District, this spacious 5-Bedroom, 3.5 Bath colonial offers 2,538 sq. ft. Of versatile living space. The first floor boasts a huge living room, and an eat-in kitchen. A rare find, the 1st floor master suite includes a wood burning fireplace and full bath, perfect for guests or multi-generational living. Upstairs, the 16x27 primary suite impresses with the brand new full bath (Nov 24) with large walk in closet, joined by 3 more bedrooms and an additional large living space. Set on a .54 lot, the park-like backyard is an entertainer's dream, featuring a trex deck and hard scape pillars. Updates include a newer roof (2017), a new water heater, and a 5 year old furnace.
Unit Size
2,538 Ft²
Days on Market
58 days
Land Size
0.54 acres
Price per sqft
$177
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1972

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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 #202511156)

Price History

Date / Event Date Event Price
Mar 24, 2025 Sold
Premium
Sold
Jan 30, 2025 In contract -
In contract
Jan 24, 2025 Listed by CM Fox Real Estate $450,000
Listed by CM Fox Real Estate
Oct 30, 2007 Sold
Premium
Sold
Jul 24, 2007 Listed by CM Fox Real Estate $279,400
Listed by CM Fox Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 465
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 2,317
  • Building Area: 2,317
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,317
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-MARCO POLO E-5 C-57-78

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013509

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01900200050900000000
  • District: 012689
  • Section: 19.02
  • Parcel: 012689 19.2-5-90
  • Block: 5
  • Lot: 90.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7571
  • Longitude: -73.7479

    Address

  • Full Address: 3 Marco Polo Dr
  • Address - House Number: 3
  • Address - Street Name: Marco Polo
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Latham
  • Carrier Code: C015
  • 4-Digit Zip Code: 3038
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $654,736
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 398,757
  • High Value: 486,304
  • Low Value: 311,210

    Market Valuation

  • Market Total Value: $317,600
  • Market Land Value: $79,400
  • Market Improvement Value: $238,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,000
  • Assessed Land Value: $40,500
  • Assessed Improvements Value: $121,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2007
  • Current Sale Recording Date: Oct 30, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10065144
  • Previous Sale Recording Date: Oct 30, 2007
  • Previous Sale Contract Date: Oct 26, 2007
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: 71
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 Albany

Stats & Trends

Median Asking:

$330,500

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2244 ft²

Average Home Age

91.5 years

Currently For Sale

559 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 49 Kunker Avenue, Latham, NY, 12110

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
49 Kunker Avenue, Latham, NY, 12110 Listing by Marisa Moffatt
Unit for rent at 8 Park Avenue, Latham, NY, 12110

$2,700 /mo

  • 4 Beds
  • 1 Bath
  • 1,200 ft²
8 Park Avenue, Latham, NY, 12110 Listing by Linda Yetto

Rentals Near You

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

Listed by: Christopher McCabe
CM Fox Real Estate
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202511156
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 Marco Polo Drive built and last sold?
The property at 3 Marco Polo Drive was built in 1972 and last sold on Oct 16, 2007 for $265,000.
How much is this home worth?
The estimated value of the home located at 3 Marco Polo Drive is $0.
What are some comparable homes to 3 Marco Polo Drive?
There are currently no comparable homes to 3 Marco Polo Drive.
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