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353 Madison Avenue

353 Madison Avenue, Albany, NY 12210
Multifamily in Center Square
Sold Jan 20, 2005
$397,000
$550,000 by Habib American Bank
Mortgage Due Feb 25, 2025
353 Madison Avenue 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 1880 and is 144 years old. The building has a total of 3 stories. In addition, 353 Madison Avenue has 7,600 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,900 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,390 ft and across the front of the lot is 413 ft. The area measurement of the land has been determined as 5,699 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 500 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a covered 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. In terms of heating, the home is utilizing oil. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 353 Madison Avenue was last sold in Jan 13, 2005 for $397,000. According to our calculations, that's $69.65 per sqft. Current property owners are expected to pay $24,141 in taxes per year. The property on 353 Madison Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $472,600. To break that down further, the land itself was valued at $39,600. While improvements to the property were assessed at a total of $433,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Carport
Tandem Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 3
  • Living Units: 10
  • Basement Type: Finished improved basement
  • Basement Area: 1,900
  • Garage Type: Mixed use
  • Garage Square Area: 500
  • Parking Space Count: 4
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,699
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 413
  • Total Building Area: 5,700
  • Gross Building Area: 5,700
  • Building Area: 5,700
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 7,600
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.131
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 3 STY BRK APT 10 UNITS & 8 CAR CON GAR 0503921

Ownership

  • Current Owner : MADISON SWAN ASSOC LLC
  • Previous Owner : TENGELER ROBERT
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 002200

Zoning

  • Zoning: R2C

Geography

  • Account Number: 07603200030580000000
  • District: 010100
  • Section: 76.32
  • Parcel: 010100 76.32-3-58
  • Block: 3
  • Lot: 58.000
  • Municipality: ALBANY
  • Latitude: 42.6511
  • Longitude: -73.7646

    Address

  • Full Address: 353 Madison Ave
  • Address - House Number: 353
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Albany
  • Carrier Code: C005
  • 4-Digit Zip Code: 1743
  • Zip Code: 12210

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,141
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.4572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 8
  • Final Value: 628,740
  • High Value: 916,202
  • Low Value: 341,277

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $550,000
  • First Open Lien Mortgage Lender: HABIB AMERICAN BANK
  • First Open Lien Mortgage Recording Date: Feb 26, 2020
  • First Open Lien Mortgage Loan Amount: $550,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Feb 25, 2025

    Market Valuation

  • Market Total Value: $667,231
  • Market Land Value: $55,908
  • Market Improvement Value: $611,323

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $472,600
  • Assessed Land Value: $39,600
  • Assessed Improvements Value: $433,000

    Sales

  • Current Sale Contract Date: Jan 13, 2005
  • Current Sale Recording Date: Jan 20, 2005
  • Current Sale Transaction ID: 1063733303
  • Current Sale Price: $397,000
  • Current Sale Document Type: Warranty Deed

About Center Square



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Frequently Asked Questions

What neighborhood is 353 Madison Avenue located in?
The 353 Madison Avenue is a multifamily located in the neighborhood of Center Square in Center Square, Albany.
What is the average sales price for listings in 353 Madison Avenue?
The average sales price for units in 353 Madison Avenue is $0 currently.

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