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Albany 12303
309 Papa Place
$640,000
● House - Off Market

309 Papa Place

Guilderland, NY 12303
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$4,653
Est. Monthly
3.04%
Cap Rate

About This Property

This exceptional Marini-built colonial (Sagamore model) is nestled on a quiet cul-de-sac in the desirable Pinehaven community in Guilderland. The 1st floor welcomes you with a grand two-story foyer, a spacious kitchen featuring granite countertops, brand-new SS appliances, a large island, and a pantry. The kitchen flows seamlessly into the two-story great room. You will appreciate the dining room with tray ceiling, living room, and convenient office. A half bath, mudroom and laundry room complete the 1st floor. Upstairs showcases 4 bedrooms, including a grand primary suite with an en suite bathroom. The spacious finished basement offers a bar area, wine fridge, full bath, and stairs to garage. Enjoy the level and private 1.35 acre lot from your impressive patio. Furnace/AC (2020).
Unit Size
-
Days on Market
-
Land Size
1.35 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,240
HOA Dues
-
Year Built
1999

Payment Calculator

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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 #202425785)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Oct 9, 2024 In contract -
In contract
Sep 19, 2024 Listed by Kellie Kieley Realty LLC $695,000
Listed by Kellie Kieley Realty LLC
Apr 18, 2008 Sold
Premium
Sold
Oct 1, 2007 Listed by Kellie Kieley Realty LLC $559,000
Listed by Kellie Kieley Realty LLC
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • 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: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,835
  • Lot Size Depth Feet: 2,832
  • Lot Size Frontage Feet: 2,078
  • Total Building Area: 2,949
  • Building Area: 2,949
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,949
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001350
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: PINEHAVEN ESTS LOT 309

Neighborhood

  • School District Name: Guilderland Central School District
  • School Tax School District: GUILDERLAND
  • Census Tract: 014617

Zoning

  • Zoning: R40

Geography

  • Account Number: 04000500020340000000
  • District: 013089
  • Section: 40.05
  • Parcel: 013089 40.05-2-34
  • Block: 2
  • Lot: 34.000
  • Municipality: GUILDERLAND (TOV)
  • Latitude: 42.7218
  • Longitude: -73.9072

    Address

  • Full Address: 309 Papa Pl
  • Address - House Number: 309
  • Address - Street Name: Papa
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C018
  • 4-Digit Zip Code: 5273
  • Zip Code: 12303

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,425,252
  • Tax Rate Code Area: 013002

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 640,208
  • High Value: 792,694
  • Low Value: 487,722

    Market Valuation

  • Market Total Value: $622,353
  • Market Land Value: $124,706
  • Market Improvement Value: $497,647

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $529,000
  • Assessed Land Value: $106,000
  • Assessed Improvements Value: $423,000

    Sales

  • Current Sale Contract Date: Apr 08, 2008
  • Current Sale Recording Date: Apr 18, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 22, 2003
  • Previous Sale Contract Date: Aug 22, 2003
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y
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:

$329,900

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2275 ft²

Average Home Age

90.5 years

Currently For Sale

551 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 17 Pinewood Road, Guilderland, NY, 12084

$2,450 /mo

  • 2 Beds
  • 1 Bath
  • 1,172 ft²
17 Pinewood Road, Guilderland, NY, 12084 Listing by Paul T Fontane

Rentals Near You

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

Listed by: Kellie A Kieley
Kellie Kieley Realty LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202425785
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 309 Papa Place built and last sold?
The property at 309 Papa Place was built in 1999 and last sold on Apr 8, 2008 for $532,500.
How much is this home worth?
The estimated value of the home located at 309 Papa Place is $0.
What are some comparable homes to 309 Papa Place?
There are currently no comparable homes to 309 Papa Place.
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