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Saratoga 12118
8 BACK SPIN Drive
$278,125
● House - Off Market

8 BACK SPIN Drive

Halfmoon, NY 12118
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$462,664
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Fairway Meadows Phase III - Many models to choose from. Great standard features including stainless steel appliances, ceramic tile floors in baths, and quality craftsmanship. Located minutes from I 87, Global Foundries, shopping and the Halfmoon Recreational facilities. 2 years free golf on private 9 hole, Par 3 course with purchase. To Be Built Condition
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2015

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 #201524471)

Price History

Date / Event Date Event Price
Aug 10, 2016 Sold
Premium
Sold
Nov 15, 2015 Listed by Frank T Realty LLC $273,500
Listed by Frank T Realty LLC

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 510
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 1,770
  • Building Area: 1,770
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,770
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Mechanicville City School District
  • School Tax School District: MECHANICVILLE
  • Census Tract: 062505

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 5 J01098
  • District: 413800
  • Section: 261.05
  • Parcel: 413800 261.5-2-56
  • Block: 2
  • Lot: 56.000
  • Municipality: HALFMOON
  • Latitude: 42.9137
  • Longitude: -73.7268

    Address

  • Full Address: 8 Backspin Dr
  • Address - House Number: 8
  • Address - Street Name: Backspin
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Mechanicville
  • Carrier Code: R004
  • 4-Digit Zip Code: 3561
  • Zip Code: 12118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $653,347
  • Tax Rate Code Area: 411000

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 440,915
  • High Value: 519,490
  • Low Value: 362,340

    Market Valuation

  • Market Total Value: $378,118
  • Market Land Value: $117,177
  • Market Improvement Value: $260,941

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,700
  • Assessed Land Value: $49,800
  • Assessed Improvements Value: $110,900

    Sales

  • Current Sale Contract Date: Jul 22, 2016
  • Current Sale Recording Date: Aug 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    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 Saratoga

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

66

Average Home Size

2197 ft²

Average Home Age

77.5 years

Currently For Sale

627 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: Francis A Tironi
Frank T Realty LLC
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 201524471
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 8 Back Spin Drive built and last sold?
The property at 8 Back Spin Drive was built in 2015 and last sold on Jul 22, 2016 for $278,125.
How much is this home worth?
The estimated value of the home located at 8 Back Spin Drive is $276,235.
What are some comparable homes to 8 Back Spin Drive?
There are currently no comparable homes to 8 Back Spin Drive.
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