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Schenectady 12306
515 Terrace Road
$255,000
● House - Off Market

515 Terrace Road

Rotterdam, NY 12306
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$238,169
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

One floor living in this Ranch Home with 3 Bedrooms, one full bath, one half bath in a very unique family community with nearly 200 acres of pristine undeveloped land with tennis courts, wonderful hiking trails in Rotterdam's West Hill. Enjoy captivating views of the Helderberg, Berkshires and Albany Skyline, yet minutes to most anywhere in the Capital District. Central Air, newer hot water tank and furnace, new gas stove, dishwasher and washer. Generac Gas Generator so you won't have to worry about power outages, and also boasts of a Jotul Wood Burning Stove in your Family Room fireplace. Beautiful picture windows to view your forever wild setting. Showings begin on Saturday July 9th at 10am and Sunday July 10th at 11am by appointment.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$415
HOA Dues
$500
Year Built
1954

Payment Calculator

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Cap Rate Calculator

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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 #202221976)

Price History

Date / Event Date Event Price
Oct 6, 2022 Sold
Premium
Sold
Jul 7, 2022 Listed by Howard Hanna $229,000
Listed by Howard Hanna

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • 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: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,990
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,434
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION #2 WEST HILL DEVELOPMENT INC
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G WEST HILL DEV 2 -K-2 7.-542-8

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 37.20-1-18
  • Block: 1
  • Lot: 18.000
  • Municipality: ROTTERDAM
  • Latitude: 42.8157
  • Longitude: -74.0133

    Address

  • Full Address: 515 Terrace Rd
  • Address - House Number: 515
  • Address - Street Name: Terrace
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Schenectady
  • Carrier Code: R008
  • 4-Digit Zip Code: 1717
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $713,217
  • Tax Rate Code Area: 422801

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 279,259
  • High Value: 339,588
  • Low Value: 218,931

    Market Valuation

  • Market Total Value: $236,800
  • Market Land Value: $21,575
  • Market Improvement Value: $215,225

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,000
  • Assessed Land Value: $16,400
  • Assessed Improvements Value: $163,600

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Oct 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53283

    Financing

  • First Mortgage Financing Type: ADJ
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: John DeGeorgio
Howard Hanna
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202221976
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 515 Terrace Road built and last sold?
The property at 515 Terrace Road was built in 1954 and last sold on Sep 13, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 515 Terrace Road is $0.
What are some comparable homes to 515 Terrace Road?
There are currently no comparable homes to 515 Terrace Road.
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