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Albany
40 Balboa Drive
$490,000
● House - Off Market

40 Balboa Drive

Colonie, NY 12110
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$487,255
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome home to this beautifully updated 4 BR, 2.5 BA colonial in North Colonie school district! Featuring a stunning updated kitchen with granite counters & SS appliances. Entertain guests in the formal dining room & relax in the spacious living room. Family room with gas fireplace offers a cozy retreat. Step outside to the brand new trex deck & enjoy the inground pool with tons of sun exposure.Upstairs offers updated full bath, 4 generous-sized bedrooms, including primary bed with walk-in closet & ensuite. Updates include new roof '22 with solar panels to cut costs, new furnace & central air, water heater '17, pool liner & pump, sprinkler system, and more! Finished basement for extra living space or storage. Quiet neighborhood and close to Latham Ridge School. Move right in & enjoy!
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1998

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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: 4 years ago (Global MLS #202317589)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jun 4, 2023 In contract -
In contract
May 27, 2023 Listed by Romeo Team Realty $490,000
Listed by Romeo Team Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 2,310
  • Building Area: 2,310
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,310
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: HIGH PT EST II

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013509

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01900200040940000000
  • District: 012689
  • Section: 19.02
  • Parcel: 012689 19.2-4-94
  • Block: 4
  • Lot: 94.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7571
  • Longitude: -73.7383

    Address

  • Full Address: 40 Balboa Dr
  • Address - House Number: 40
  • Address - Street Name: Balboa
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Latham
  • Carrier Code: C015
  • 4-Digit Zip Code: 3005
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $725,857
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 432,264
  • High Value: 537,439
  • Low Value: 327,089

    Market Valuation

  • Market Total Value: $353,900
  • Market Land Value: $88,426
  • Market Improvement Value: $265,474

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,500
  • Assessed Land Value: $45,100
  • Assessed Improvements Value: $135,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15781
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 Albany

Stats & Trends

Median Asking:

$331,000

Sale Price/ft²

$210

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2226 ft²

Average Home Age

91.1 years

Currently For Sale

582 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 49 Kunker Avenue, Latham, NY, 12110

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
49 Kunker Avenue, Latham, NY, 12110 Listing by Marisa Moffatt
Unit for rent at 98 Harvard Road, Watervliet, NY, 12189

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,670 ft²
98 Harvard Road, Watervliet, NY, 12189 Listing by Vishal Gudumani

Rentals Near You

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

Listed by: Michelle Panza
Romeo Team Realty
Last Updated: 4 years ago
Data Source: Global MLS , MLS# 202317589
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 40 Balboa Drive built and last sold?
The property at 40 Balboa Drive was built in 1998 and last sold on Aug 18, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 40 Balboa Drive is $494,900.
What are some comparable homes to 40 Balboa Drive?
There are currently no comparable homes to 40 Balboa Drive.
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