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Albany 12208 Normanskill
38 Meadow Lane
$315,000
● House - Off Market

38 Meadow Lane

Albany, NY 12208
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$323,677
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Nicely maintained colonial in one of Albany's most desirable and convenient neighborhoods tucked away off New Scotland Ave. near Holy Names. Roomy throughout, this 3 bedroom home would easily accommodate a work from home lifestyle without sacrificing space where people gather. The primary bedroom has a large closet & overlooks the rear yard. BR's 2 & 3 are nearly equal in size and have an abundance of natural light. The spacious backyard is perfect for entertaining and recreation. Notable improvements include updated bathrooms, ''Comfort'' replacement windows, newer garage doors & A/C, granite countertops in kitchen, many freshly painted rooms. Driveway and deck as is.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
1986

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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: 3 years ago (Global MLS #202317840)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Aug 11, 2023 Sold
Premium
Sold
Jun 6, 2023 In contract -
In contract
Jun 1, 2023 Listed by Berkshire Hathaway HomeServices Blake, REALTORS $325,500
Listed by Berkshire Hathaway HomeServices Blake, REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,625
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,848
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PHASE II NORMANS KILL MEADOWS
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 2 WOOD & 2 CAR GAR 1612130

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001804

Zoning

  • Zoning: R1B

Geography

  • Account Number: 07401600020590000000
  • District: 010100
  • Section: 74.16
  • Parcel: 010100 74.16-2-59
  • Block: 2
  • Lot: 59.000
  • Municipality: ALBANY
  • Latitude: 42.6418
  • Longitude: -73.8362

    Address

  • Full Address: 38 Meadow Ln
  • Address - House Number: 38
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Albany
  • Carrier Code: C022
  • 4-Digit Zip Code: 1011
  • Zip Code: 12208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $744,136
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.2357
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 331,349
  • High Value: 409,454
  • Low Value: 253,244

    Market Valuation

  • Market Total Value: $320,486
  • Market Land Value: $63,532
  • Market Improvement Value: $256,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,000
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $182,000

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 18831
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 Normanskill

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$226

Above Asking

0.00%

Average Days on Market

59

Average Home Size

1563 ft²

Average Home Age

46 years

Currently For Sale

1 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 3 Minnowbrook Avenue, Delmar, NY, 12054

$1,950 /mo

  • 2 Beds
  • 1 Bath
  • 1,050 ft²
3 Minnowbrook Avenue #APTA, Delmar, NY, 12054 Listing by Melissa Hems

Rentals Near You

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

Listed by: Brian Spindler
Berkshire Hathaway HomeServices Blake, REALTORS
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202317840
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 38 Meadow Lane built and last sold?
The property at 38 Meadow Lane was built in 1986 and last sold on Aug 11, 2023 for $315,000.
How much is this home worth?
The estimated value of the home located at 38 Meadow Lane is $0.
What are some comparable homes to 38 Meadow Lane?
There are currently no comparable homes to 38 Meadow Lane.
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