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Albany 12304
53 Shepard Avenue
$300,000
● House - Off Market

53 Shepard Avenue

Colonie, NY 12304
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,849
Est. Monthly
28.00%
Cap Rate

About This Property

This Spacious and Move in Ready Home is in a super convenient and desirable location! An amazing expanded cape with a fabulous sunken family room, featuring a wood burning fireplace and vaulted ceilings. Generous sized bedrooms, updated baths, an eat in kitchen, a formal dining room, hardwood flooring throughout, and a full basement are just some of the highlights of this well maintained home. Newer roof, newer windows, newer driveway and so much more! One of the four bedrooms is currently home to the washer and dryer but there are hook ups in the basement if someone would rather move them back down there. Motivated seller! Schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1940

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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: 2 years ago (Global MLS #202510483)

Price History

Date / Event Date Event Price
Mar 10, 2025 Sold
Premium
Sold
Jan 22, 2025 In contract -
In contract
Jan 20, 2025 Price Decreased $300,000
↓ $20K (6.3%)
Price Decreased
Jan 10, 2025 Listed by Miranda Real Estate Group, Inc $320,000
Listed by Miranda Real Estate Group, Inc

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,989
  • Building Area: 1,989
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,989
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMESTEAD PARK #4
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 128-30 N-SHEPARD AV E-55 S-4-91

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013803

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01600800020020000000
  • District: 012689
  • Section: 16.08
  • Parcel: 012689 16.8-2-2
  • Block: 2
  • Lot: 2.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7636
  • Longitude: -73.8821

    Address

  • Full Address: 53 Shepard Ave
  • Address - House Number: 53
  • Address - Street Name: Shepard
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C014
  • 4-Digit Zip Code: 2533
  • Zip Code: 12304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,846
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 319,167
  • High Value: 396,824
  • Low Value: 241,510

    Market Valuation

  • Market Total Value: $193,900
  • Market Land Value: $38,819
  • Market Improvement Value: $155,081

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,900
  • Assessed Land Value: $19,800
  • Assessed Improvements Value: $79,100

    Exemptions

  • Homeowner Exemption: Yes
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 Albany

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$209

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2241 ft²

Average Home Age

91.6 years

Currently For Sale

565 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

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Global MLS

Listed by: Colleen M Traficante
Miranda Real Estate Group, Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202510483
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 53 Shepard Avenue built and last sold?
The property at 53 Shepard Avenue was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 53 Shepard Avenue is $303,000.
What are some comparable homes to 53 Shepard Avenue?
There are currently no comparable homes to 53 Shepard Avenue.
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