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41 Loralee Drive

41 Loralee Drive, Albany, NY 12205
Property in Colonie
Sold Apr 05, 2018
$245,000
$152,000 by Metro City Bank
Mortgage Due Apr 01, 2048
Sold Aug 04, 2011
$224,000
$218,321 by Sefcu Mortgage Services
Mortgage Due Aug 01, 2041
41 Loralee Drive in Albany, NY was first built in 1960 and is 64 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 41 Loralee Drive has 1,976 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,712 square feet.

Learn more about the property and building on this page. There is a open porch. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a hot water heating system and being fueled with gas. The property was last sold in Mar 5, 2018 for $245,000. That's $123.99 per sqft. Prior to that sales transaction, the property was also sold in Jul 27, 2011 for $224,000. 41 Loralee Drive was last assessed in 2023. The total value of the property was assessed at $117,800. Specifically, the land the property is located on was valued at $23,500. While improvements on the property were assessed at a total of $94,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,556. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,976
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: POLLMAN GARDENS
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N-LORA LEE DR E-43 S-30-80

Ownership

  • Current Owner : WENG JIN RU
  • Current Owner 2: YANG XIU ZHEN
  • Previous Owner : GREGORY JASON
  • Previous Owner 2: CHAVARRIA GINA
  • Owner Before Previous Owner: IMPERIAL CLEANING INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013902

Zoning

  • Zoning: 42

Geography

  • Account Number: 02901100030230000000
  • District: 012601
  • Section: 29.11
  • Parcel: 012601 29.11-3-23
  • Block: 3
  • Lot: 23.000
  • Municipality: COLONIE
  • Latitude: 42.7329
  • Longitude: -73.8402

    Address

  • Full Address: 41 Loralee Dr
  • Address - House Number: 41
  • Address - Street Name: Loralee
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C008
  • 4-Digit Zip Code: 2222
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,556
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 342,328
  • High Value: 423,788
  • Low Value: 260,868

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $152,000
  • First Open Lien Mortgage Lender: METRO CITY BANK
  • First Open Lien Mortgage Recording Date: Apr 05, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $152,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2048

    Market Valuation

  • Market Total Value: $231,000
  • Market Land Value: $46,082
  • Market Improvement Value: $184,918

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,800
  • Assessed Land Value: $23,500
  • Assessed Improvements Value: $94,300

    Sales

  • Current Sale Contract Date: Mar 05, 2018
  • Current Sale Recording Date: Apr 05, 2018
  • Current Sale Transaction ID: 11461378004
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2018-07443
  • Previous Sale Recording Date: Aug 04, 2011
  • Previous Sale Contract Date: Jul 27, 2011
  • Previous Sale Amount: $224,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: METRO CITY BANK
  • First Mortgage Transaction Date: Apr 05, 2018
  • First Mortgage Loan Amount: $152,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Apr 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SEFCU MORTGAGE SERVICES
  • Previous Mortgage Transaction Date: Aug 04, 2011
  • Previous Mortgage Loan Amount: $218,321
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2041

About Colonie



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Frequently Asked Questions

What neighborhood is 41 Loralee Drive located in?
The 41 Loralee Drive is a located in the neighborhood of Colonie in Colonie, Albany.
What is the average sales price for listings in 41 Loralee Drive?
The average sales price for units in 41 Loralee Drive is $0 currently.

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