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Albany 12208 New Scotland
40 FREEMAN Road
Photo of 40 FREEMAN Road
Sold on Jun 12, 2017

1

Map

$255,000
● House - Off Market

40 FREEMAN Road

Albany, NY 12208
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
1,170 Ft²
$407,783
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

GREAT IN-LAW POTENT.- ONE FLOOR LIVING AND A BONUS BELOW GROUND - MASTER COULD BE UP OR DOWN - WALK OUT BASE. THIS LOVELY HOME HAS SO MUCH SUNLIGHT. BEAUTIFUL HW. FLOORS - SO MUCH UPDATING - KITCHEN ( GRANITE & STAINLESS ), WINDOWS, FURNACE, ROOF AND MORE. LOVELY SCREENED PORCH AND BEAUTIFUL YARD - HOME IS FULLY APPLIANCED - MOVE IN READY - DEAD END ST - CLOSE TO EVERYTHING - SCHOOLS, HOSPITALS AND MORE... TAXES W/ STAR. Excellent Condition
Unit Size
1,170 Ft²
Days on Market
60 days
Land Size
-
Price per sqft
$217
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1959

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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: 16 hours ago (Global MLS #201706186)

Price History

Date / Event Date Event Price
Aug 30, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Coldwell Banker Prime Properties $325,000
Listed by Coldwell Banker Prime Properties
Sep 7, 2021 Sold
Premium
Sold
Jun 19, 2017 Sold
Premium
Sold
Apr 12, 2017 Listed by Coldwell Banker Prime Properties $254,000
Listed by Coldwell Banker Prime Properties
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,160
  • Lot Size Depth Feet: 1,245
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCOTLAND GARDENS
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 1 BRICK WITH GAR ALT VET 1710912

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001700

Zoning

  • Zoning: R1B

Geography

  • Account Number: 06407200030080000000
  • District: 010100
  • Section: 64.72
  • Parcel: 010100 64.72-3-8
  • Block: 3
  • Lot: 8.000
  • Municipality: ALBANY
  • Latitude: 42.6603
  • Longitude: -73.8054

    Address

  • Full Address: 40 Freeman Rd
  • Address - House Number: 40
  • Address - Street Name: Freeman
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Albany
  • Carrier Code: C009
  • 4-Digit Zip Code: 1802
  • Zip Code: 12208

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $774,261
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.2357
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 327,559
  • High Value: 404,771
  • Low Value: 250,348

    Market Valuation

  • Market Total Value: $280,954
  • Market Land Value: $59,297
  • Market Improvement Value: $221,657

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,000
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $157,000

    Sales

  • Current Sale Contract Date: Aug 10, 2022
  • Current Sale Recording Date: Aug 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20291
  • Previous Sale Recording Date: Sep 07, 2021
  • Previous Sale Contract Date: Aug 17, 2021
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: 71
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 New Scotland

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$194

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1573 ft²

Average Home Age

85 years

Currently For Sale

4 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 349 Whitehall Road, Albany, NY, 12208

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,550 ft²
349 Whitehall Road, Albany, NY, 12208 Listing by Jonathan Lanahan
Unit for rent at 768 New Scotland Avenue, Albany, NY, 12208

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
768 New Scotland Avenue, Albany, NY, 12208 Listing by Yan Wang

Rentals Near You

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

Listed by: Jim McLoughlin
Coldwell Banker Prime Properties
Last Updated: 16 hours ago
Data Source: Global MLS , MLS# 201706186
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 Freeman Road built and last sold?
The property at 40 Freeman Road was built in 1959 and last sold on Aug 10, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 40 Freeman Road is $328,250.
What are some comparable homes to 40 Freeman Road?
There are currently no comparable homes to 40 Freeman Road.
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