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Rotterdam 12306
466 MELROSE Street
$154,960
● House - Off Market

466 MELROSE Street

Rotterdam, NY 12306
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$219,792
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

This charming cape cod style home has an updated kitchen with tile floors in the kitchen and bathroom with hardwood floors throughout. This home provides two bedrooms on the second floor and a optional third bedroom or den on the main floor. It also provides a spacious living and dining area. The property has been well maintained and is move in ready! Open House on Sunday, May 19th from 1-3pm. Very Good Condition
Unit Size
1,176 Ft²
Days on Market
84 days
Land Size
0.13 acres
Price per sqft
$127
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1940

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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: 2 years ago (Global MLS #201919627)

Price History

Date / Event Date Event Price
Sep 23, 2019 Sold
Premium
Sold
Aug 8, 2019 Sold
Premium
Sold
May 16, 2019 Listed by CM Fox Real Estate $149,900
Listed by CM Fox Real Estate

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • 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: 1
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF PROPERTY OF JOSEPH GRILZBACH
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G,BF,2-DM GRTZK 2-PTS231,232 2.-152-14

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 48.19-3-13
  • Block: 3
  • Lot: 13.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7928
  • Longitude: -73.9778

    Address

  • Full Address: 466 Melrose St
  • Address - House Number: 466
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C005
  • 4-Digit Zip Code: 2120
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $598,678
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 231,256
  • High Value: 287,782
  • Low Value: 174,730

    Market Valuation

  • Market Total Value: $213,200
  • Market Land Value: $10,265
  • Market Improvement Value: $202,935

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,000
  • Assessed Land Value: $7,800
  • Assessed Improvements Value: $154,200

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Sep 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201942344
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

1647 ft²

Average Home Age

77.3 years

Currently For Sale

48 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: Dale K Smith
CM Fox Real Estate
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 201919627
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 466 Melrose Street built and last sold?
The property at 466 Melrose Street was built in 1940 and last sold on Jul 12, 2019 for $154,960.
How much is this home worth?
The estimated value of the home located at 466 Melrose Street is $156,400.
What are some comparable homes to 466 Melrose Street?
There are currently no comparable homes to 466 Melrose Street.
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