506 Michigan Avenue

506 Michigan Avenue in Schenectady, NY was first built in 1984 and is 40 years old. This has been categorized as a residential property type. There are a total of 2 floors. The linear feet across the front of the lot is 340 ft and the linear feet between the front and back of the lot is 1,450. In total, the area measurement of the land is 4,930 square feet.

Learn more about the property and building on this page. There is a covered 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. For those who need parking, there is a detached garage. The garage is 690 sqft. There are a total of 2 available parking spaces. 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. As for heating, the home is utilizing oil. 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, 506 Michigan Avenue was last sold in Aug 3, 2007 for $157,000. According to our calculations, that's $61.33 per sqft. Prior to that sales transaction, the property was sold for $147,000 in May 4, 2006. Current property owners are expected to pay $7,557 in taxes per year. The property on 506 Michigan Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $139,400. To break that down further, the land itself was valued at $15,300. While improvements to the property were assessed at a total of $124,100. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.