521 1st Street

521 1st Street has been categorized by the local assessors in Troy, NY as a residential type of property. The building on the property was first built in 1890 and is 134 years old. However, we must point out that the home was most recently renovated and altered in 2020. The home has a total of 7 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 521 1st Street has 4,882 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,049 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. 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 brick. In terms of heating, the home is utilizing oil. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 521 1st Street sold most recently in Oct 7, 2020 for a total of $357,000. If you work out the math, that's approximately a cost of $97.22 per sqft. Before that, the property was also sold for $32,832 in Mar 5, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,704 in taxes each year. 521 1st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $167,000. If we break it down further, the land itself was valued at $7,500. Improvements to the property, however, were assessed at a total of $159,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.