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505 Steeple Way

505 Steeple Way, Schenectady, NY 12306
Property in Rotterdam
Sold Jun 17, 2020
$318,000
$254,320 by Homestead Funding Corp
Mortgage Due Jul 01, 2035
Sold Dec 19, 2018
$2,888,000
$2,872,999 by Traditional Builders Ltd
Mortgage
505 Steeple Way has been categorized by the local assessors in Schenectady, NY as a residential type of property. The building on the property was first built in 2019 and is 5 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 505 Steeple Way has 1,906 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 12,632 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 768 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Steeple Way was last sold in Jun 11, 2020 for $318,000. According to our calculations, that's $166.84 per sqft. Prior to that sales transaction, the property was sold for $2,888,000 in Oct 26, 2018. Current property owners are expected to pay $11,108 in taxes per year. The property on 505 Steeple Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $302,100. To break that down further, the land itself was valued at $19,000. While improvements to the property were assessed at a total of $283,100. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,906
  • Building Area: 1,906
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,906
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HELDERBERG MEADOWS
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SMITH NICHOLAS J
  • Current Owner 2: PANTER JENNIFER
  • Previous Owner : BORDEAU BUILDERS INC
  • Owner Before Previous Owner: TRADITIONAL BUILDERS LTD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rotterdam-Mohonasen Central School District
  • School Tax School District: MOHONASEN
  • Census Tract: 033002

Zoning

  • Zoning: PRD

Geography

  • District: 422800
  • Section: 70.12
  • Parcel: 422800 70.12-1-56
  • Block: 1
  • Lot: 56.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7591
  • Longitude: -73.9678

    Address

  • Full Address: 505 Steeple Way
  • Address - House Number: 505
  • Address - Street Name: Steeple
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C012
  • 4-Digit Zip Code: 2557
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,108
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2394
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 401,276
  • High Value: 497,365
  • Low Value: 305,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $254,320
  • First Open Lien Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jun 17, 2020
  • First Open Lien Mortgage Loan Amount: $254,320
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $397,500
  • Market Land Value: $25,000
  • Market Improvement Value: $372,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,100
  • Assessed Land Value: $19,000
  • Assessed Improvements Value: $283,100

    Sales

  • Current Sale Contract Date: Jun 11, 2020
  • Current Sale Recording Date: Jun 17, 2020
  • Current Sale Transaction ID: 11771173377
  • Current Sale Price: $318,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202017452
  • Previous Sale Recording Date: Dec 19, 2018
  • Previous Sale Contract Date: Oct 26, 2018
  • Previous Sale Amount: $2,888,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Mortgage Transaction Date: Jun 17, 2020
  • First Mortgage Loan Amount: $254,320
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: TRADITIONAL BUILDERS LTD
  • Previous Mortgage Transaction Date: Dec 19, 2018
  • Previous Mortgage Loan Amount: $2,872,999
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

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Frequently Asked Questions

What neighborhood is 505 Steeple Way located in?
The 505 Steeple Way is a located in the neighborhood of Rotterdam in Schenectady, Schenectady.
What is the average sales price for listings in 505 Steeple Way?
The average sales price for units in 505 Steeple Way is $0 currently.

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