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Albany 12304
31 Fairway Lane
$429,350
● House - Off Market

31 Fairway Lane

Colonie, NY 12304
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$2,716
Est. Monthly
5.98%
Cap Rate

About This Property

A custom colonial on a cute Colonie cul-de-sac on your checklist? Look no further, this home checks many boxes: custom kitchen, spacious living room with fire place, potential in-law space on first floor with full bath.This space could also function as an office. Freshly painted throughout with new laminate flooring.New energy efficient LED fixtures, and GFCI Outlets. Great layout that connects with the outdoors: pristine porch perfect for enjoying sunsets. Spacious fenced in private backyard plush with trees. Property abuts 400 Acre Wild Life Center in rear of property with trail that connects to Lisha Kill Creek. Close New Fridge, Drainage System and Door Hardware. Schenectady Address, South Colonie School District. Washer & Dryer Negotiable.
Unit Size
2,400 Ft²
Days on Market
77 days
Land Size
0.56 acres
Price per sqft
$187
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1979

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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 #202423130)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Sep 15, 2024 In contract -
In contract
Aug 8, 2024 Listed by Diamond Key Realty NY $449,900
Listed by Diamond Key Realty NY
Apr 25, 2022 Sold
Premium
Sold
Sep 16, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 3
  • 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: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Total Building Area: 2,076
  • Building Area: 2,076
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,076
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-44 AMELIA E-29 S-123-35

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013802

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01700100010160000000
  • District: 012689
  • Section: 17.01
  • Parcel: 012689 17.1-1-16
  • Block: 1
  • Lot: 16.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7638
  • Longitude: -73.8613

    Address

  • Full Address: 31 Fairway Ln
  • Address - House Number: 31
  • Address - Street Name: Fairway
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C019
  • 4-Digit Zip Code: 2505
  • Zip Code: 12304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $607,534
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2354
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 373,095
  • High Value: 460,935
  • Low Value: 285,255

    Market Valuation

  • Market Total Value: $274,300
  • Market Land Value: $68,428
  • Market Improvement Value: $205,872

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,900
  • Assessed Land Value: $34,900
  • Assessed Improvements Value: $105,000

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 10702
  • Previous Sale Recording Date: Mar 13, 1998
  • Previous Sale Contract Date: Mar 11, 1998
  • Previous Sale Amount: $139,900
  • 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:

$329,900

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2268 ft²

Average Home Age

91.1 years

Currently For Sale

536 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: Lindon Paul
Diamond Key Realty NY
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202423130
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 31 Fairway Lane built and last sold?
The property at 31 Fairway Lane was built in 1979 and last sold on Apr 8, 2022 for $334,000.
How much is this home worth?
The estimated value of the home located at 31 Fairway Lane is $0.
What are some comparable homes to 31 Fairway Lane?
There are currently no comparable homes to 31 Fairway Lane.
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