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Albany
7 David Road
$250,000
● House - Off Market

7 David Road

Colonie, NY 12110
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,125 Ft²
$1,531
Est. Monthly
6.10%
Cap Rate

About This Property

Welcome to this well cared for 2 bedroom home featuring a living room gas fireplace. Your modern style kitchen includes updates such as stainless steel appliances, granite countertops and plenty of cabinets. Updated wood flooring throughout. Expanded full bath. 1st floor renovated laundry room for added convenience. Sizable bedrooms. 2nd floor offers added storage areas and closets. Patio and detached garage. Conveniently located to all major roadways, eateries, and shopping. Move right in and enjoy everything Latham has to offer!
Unit Size
1,125 Ft²
Days on Market
49 days
Land Size
0.20 acres
Price per sqft
$222
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1951

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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 #202511755)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Feb 7, 2025 Listed by Crystin & Co Realty LLC $250,000
Listed by Crystin & Co Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 294
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,125
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 28 BK K N-20 E-18 C-51-59

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013512

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01800800020780000000
  • District: 012689
  • Section: 18.08
  • Parcel: 012689 18.8-2-78
  • Block: 2
  • Lot: 78.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7599
  • Longitude: -73.7831

    Address

  • Full Address: 7 David Rd
  • Address - House Number: 7
  • Address - Street Name: David
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Latham
  • Carrier Code: C006
  • 4-Digit Zip Code: 2405
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,586
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 264,041
  • High Value: 328,286
  • Low Value: 199,797

    Market Valuation

  • Market Total Value: $159,800
  • Market Land Value: $39,999
  • Market Improvement Value: $119,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,500
  • Assessed Land Value: $20,400
  • Assessed Improvements Value: $61,100

    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

2231 ft²

Average Home Age

91.3 years

Currently For Sale

576 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

Unit for rent at 7 Derry Lane, Latham, NY, 12110

$1,675 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
7 Derry Lane #B, Latham, NY, 12110 Listing by Nicole Blanchette

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Crystin Drowlette
Crystin & Co Realty LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202511755
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 David Road built and last sold?
The property at 7 David Road was built in 1951 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 David Road is $251,985.
What are some comparable homes to 7 David Road?
There are currently no comparable homes to 7 David Road.
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