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Rotterdam 12306
389 MELROSE Street
$72,000
● House - Off Market

389 MELROSE Street

Schenectady, NY 12306
bedrooms
3 Beds
bathrooms
1 Bath
$233,026
RealtyHop Estimate
219.65%
Since Jul 1, 1999
National-US
Primary Model

About This Property

REMARKABLE VINYL BUNG/MOHO SCHOOLS/FRESHLY PAINTED 4 YR OLD ROOF/NEW KIT FLOOR/GREAT LOCATION DOUBLE LOT!EASY TO SHOW! Excellent Condition
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1940

Payment Calculator

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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: 3 years ago (Global MLS #9925156)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Jun 29, 2021 Listed by Howard Hanna $169,900
Listed by Howard Hanna
Jun 3, 1999 Sold
Premium
Sold
Apr 16, 1999 Listed by Howard Hanna $72,900
Listed by Howard Hanna

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2000
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,314
  • Building Area: 1,314
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,314
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,DM GROVE PARK-91,92 2.-136-16.9

Neighborhood

  • School District Name: Rotterdam-Mohonasen Central School District
  • School Tax School District: MOHONASEN
  • Census Tract: 032700

Zoning

  • Zoning: R-1

Geography

  • District: 422800
  • Section: 48.19
  • Parcel: 422800 48.19-2-2
  • Block: 2
  • Lot: 2.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7924
  • Longitude: -73.9803

    Address

  • Full Address: 389 Melrose St
  • Address - House Number: 389
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C005
  • 4-Digit Zip Code: 2126
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $558,396
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 225,692
  • High Value: 278,670
  • Low Value: 172,714

    Market Valuation

  • Market Total Value: $198,800
  • Market Land Value: $14,999
  • Market Improvement Value: $183,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,100
  • Assessed Land Value: $11,400
  • Assessed Improvements Value: $139,700

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202142641
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 Rotterdam

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1650 ft²

Average Home Age

76.4 years

Currently For Sale

50 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 418 3rd Street, Schenectady, NY, 12306

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
418 3rd Street #2FL, Schenectady, NY, 12306 Listing by Moonrani G Gumani

Rentals Near You

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

Listed by: JoAnn M Faucett
Howard Hanna
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 9925156
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 389 Melrose Street built and last sold?
The property at 389 Melrose Street was built in 1940 and last sold on Aug 24, 2021 for $182,000.
How much is this home worth?
The estimated value of the home located at 389 Melrose Street is $171,599.
What are some comparable homes to 389 Melrose Street?
There are currently no comparable homes to 389 Melrose Street.
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