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Albany 12202 Second Avenue
7 Bingham Street
$160,000
● House - Off Market

7 Bingham Street

Albany, NY 12202
bedrooms
4 Beds
bathrooms
3 Baths
$163,694
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Large single family home with in-law apartment and finished basement.  Main level has 3 bedrooms and a full bath and the finished basement has 1.5 bathroom.  In-law apartment is a 1bed 1bath with separate utilities.  Large 2 car garage with additional space for a work area or storage and basement access.  Spacious backyard with large deck.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1935

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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 #202215107)

Price History

Date / Event Date Event Price
Jul 6, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Miuccio Real Estate Group $160,000
Listed by Miuccio Real Estate Group
Sep 28, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 276
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,165
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 495
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 1 1/2 COMP BRK-WD & 2 CAR GAR 0109715

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 002600

Zoning

  • Zoning: R2A

Geography

  • Account Number: 07607900010840000000
  • District: 010100
  • Section: 76.79
  • Parcel: 010100 76.79-1-84
  • Block: 1
  • Lot: 84.000
  • Municipality: ALBANY
  • Latitude: 42.6345
  • Longitude: -73.7705

    Address

  • Full Address: 7 Bingham St
  • Address - House Number: 7
  • Address - Street Name: Bingham
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C005
  • 4-Digit Zip Code: 1139
  • Zip Code: 12202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $319,533
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.1105
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 88
  • Final Value: 161,763
  • High Value: 179,650
  • Low Value: 143,877

    Market Valuation

  • Market Total Value: $112,946
  • Market Land Value: $22,589
  • Market Improvement Value: $90,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,000
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $64,000

    Sales

  • Current Sale Contract Date: Sep 21, 2016
  • Current Sale Recording Date: Sep 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2016-22161
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 Second Avenue

Stats & Trends

Median Asking:

$199,450

Sale Price/ft²

$128

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1509 ft²

Average Home Age

117 years

Currently For Sale

3 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

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Global MLS

Listed by: William Bronner
Miuccio Real Estate Group
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202215107
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 7 Bingham Street built and last sold?
The property at 7 Bingham Street was built in 1935 and last sold on Sep 21, 2016 for $119,780.
How much is this home worth?
The estimated value of the home located at 7 Bingham Street is $0.
What are some comparable homes to 7 Bingham Street?
There are currently no comparable homes to 7 Bingham Street.
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