372 Madison Avenue

372 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 1860 and is 164 years old. The building has a total of 3 stories. In addition, 372 Madison Avenue has 4,347 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 697 ft and across the front of the lot is 215 ft. The area measurement of the land has been determined as 1,449 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. Moving on to the building itself. The condition of the building has been evaluated as poor. 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. The property was last sold in Jul 1, 2004 for $55,001. That's $12.65 per sqft. Prior to that sales transaction, the property was also sold in Dec 28, 1995 for $45,000. 372 Madison Avenue was last assessed in 2023. The total value of the property was assessed at $242,700. Specifically, the land the property is located on was valued at $15,900. While improvements on the property were assessed at a total of $226,800. 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 $13,263. The initial tax year of delinquency was in 2023. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.