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32 Loralee Drive

32 Loralee Drive, Albany, NY 12205
House in Colonie
Sold Apr 06, 2020
$205,000
$197,825 by Plaza Home Mortgage Inc
Mortgage Due Apr 01, 2050
32 Loralee Drive has been categorized by the local assessors in Albany, NY as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 32 Loralee Drive has 912 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,970 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Mar 30, 2020 for $205,000. That's $224.78 per sqft. 32 Loralee Drive was last assessed in 2023. The total value of the property was assessed at $86,000. Specifically, the land the property is located on was valued at $17,200. While improvements on the property were assessed at a total of $68,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,326. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 912
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: R E GILBERT SURVEYS
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LF EST GALLACCHI J & SA N-VINCENT AV E-34 S-37-86

Ownership

  • Current Owner : HERNANDZ CAPILI DANA M
  • Previous Owner : CHARLES FRANCES M
  • Previous Owner 2: GALLACCHI GREGORY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013902

Zoning

  • Zoning: 42

Geography

  • Account Number: 02901100030160000000
  • District: 012601
  • Section: 29.11
  • Parcel: 012601 29.11-3-16
  • Block: 3
  • Lot: 16.000
  • Municipality: COLONIE
  • Latitude: 42.7334
  • Longitude: -73.8406

    Address

  • Full Address: 32 Loralee Dr
  • Address - House Number: 32
  • Address - Street Name: Loralee
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C008
  • 4-Digit Zip Code: 2221
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,326
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2448
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 253,994
  • High Value: 316,173
  • Low Value: 191,814

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $197,825
  • First Open Lien Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Apr 06, 2020
  • First Open Lien Mortgage Loan Amount: $197,825
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $168,600
  • Market Land Value: $33,720
  • Market Improvement Value: $134,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,000
  • Assessed Land Value: $17,200
  • Assessed Improvements Value: $68,800

    Sales

  • Current Sale Contract Date: Mar 30, 2020
  • Current Sale Recording Date: Apr 06, 2020
  • Current Sale Transaction ID: 11761177497
  • Current Sale Price: $205,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: R2020-07115

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Apr 06, 2020
  • First Mortgage Loan Amount: $197,825
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

About Colonie



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Nearby Rentals

Unit for rent at 9 Lester Street, Colonie, NY, 12205

$2,275 /mo

  • 2 Beds
  • 1 Bath
  • 1,008 ft²
9 Lester Street, Colonie, NY, 12205 Listing by Linda Yetto

Frequently Asked Questions

What neighborhood is 32 Loralee Drive located in?
The 32 Loralee Drive is a house located in the neighborhood of Colonie in Colonie, Albany.
What is the average sales price for listings in 32 Loralee Drive?
The average sales price for units in 32 Loralee Drive is $0 currently.

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