For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Schenectady 12306
407 TERRACE Road
$130,000
● House - Off Market

407 TERRACE Road

Schenectady, NY 12306
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$481,848
RealtyHop Estimate
244.42%
Since Jun 1, 1998
National-US
Primary Model

About This Property

-- Excellent Condition
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$256
HOA Dues
$48
Year Built
1950

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #9734865)

Price History

Date / Event Date Event Price
May 27, 1998 Sold
Premium
Sold
Sep 5, 1997 Listed by Coldwell Banker Prime Properties $139,900
Listed by Coldwell Banker Prime Properties

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 17
  • 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: 345
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Depth Feet: 2,160
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 1,619
  • Building Area: 1,619
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,619
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G WEST HILL DEV 1 - L-14 7.-541-12

Neighborhood

  • School District Name: Schalmont Central School District
  • School Tax School District: SCHALMONT
  • Census Tract: 032602

Zoning

  • Zoning: R-1

Geography

  • District: 422800
  • Section: 37.20
  • Parcel: 422800 37.20-1-13
  • Block: 1
  • Lot: 13.000
  • Municipality: ROTTERDAM
  • Latitude: 42.8141
  • Longitude: -74.0134

    Address

  • Full Address: 407 Terrace Rd
  • Address - House Number: 407
  • Address - Street Name: Terrace
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Schenectady
  • Carrier Code: R008
  • 4-Digit Zip Code: 1715
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $866,370
  • Tax Rate Code Area: 422801

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 287,280
  • High Value: 354,715
  • Low Value: 219,845

    Market Valuation

  • Market Total Value: $271,600
  • Market Land Value: $27,897
  • Market Improvement Value: $243,703

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,400
  • Assessed Land Value: $21,200
  • Assessed Improvements Value: $185,200

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 1998
  • Current Sale Recording Date: May 27, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Schenectady

Stats & Trends

Median Asking:

$299,525

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1972 ft²

Average Home Age

82.3 years

Currently For Sale

347 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

Rentals Near You

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

Listed by: Thomas Kiesow
Coldwell Banker Prime Properties
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 9734865
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 407 Terrace Road built and last sold?
The property at 407 Terrace Road was built in 1950 and last sold on May 19, 1998 for $130,000.
How much is this home worth?
The estimated value of the home located at 407 Terrace Road is $0.
What are some comparable homes to 407 Terrace Road?
There are currently no comparable homes to 407 Terrace Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Rotterdam Homes for Sale
Rotterdam Houses for Sale
Rotterdam Condos for Sale
Rotterdam Townhouses for Sale
Rotterdam Multifamily for Sale
Rotterdam Land for Sale
Rotterdam Commercial for Sale
Rotterdam Homes with Basements
Nearby Cities
Albany Homes for Sale
Schenectady Homes for Sale
Scotia Homes for Sale
Amsterdam Homes for Sale
East Glenville Homes for Sale
Colonie Homes for Sale
Niskayuna Homes for Sale
Westmere Homes for Sale
Nearby Property Records
Schenectady County, NY Property Records
Saratoga County, NY Property Records
Albany County, NY Property Records
Montgomery County, NY Property Records
Rensselaer County, NY Property Records
Schoharie County, NY Property Records
Fulton County, NY Property Records
Greene County, NY Property Records
Neighborhoods
Campus Area Real Estate
Delaware Avenue Real Estate
Buckingham Lake - Crestwood Real Estate
Pine Hills Real Estate
Whitehall Real Estate
Helderberg Real Estate
New Scotland Real Estate
Center Square Real Estate
Nearby Counties
Colonie Homes for Sale
Albany Homes for Sale
Clifton Park Homes for Sale
Schenectady Homes for Sale
Glenville Homes for Sale
Niskayuna Homes for Sale
Guilderland Homes for Sale
Malta Homes for Sale
Top Real Estate Agents
Top Agents in Rotterdam
Top Agents in Colonie
Top Agents in Albany
Top Agents in Albany
Top Agents in 12065
Top Agents in Clifton Park
Top Agents in Schenectady
Top Agents in Schenectady