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Albany
8 Inch Lane
$670,000
● House - Off Market

8 Inch Lane

Colonie, NY 12110
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,618 Ft²
$3,797
Est. Monthly
4.16%
Cap Rate

About This Property

Final & Best for 3/24/2025 at 10:00 a.m.Welcome to 8 Inch Lane, a professionally designed Colonial in the North Colonie School District. This 4-bedroom, 2.5-bath home showcases exceptional attention to detail throughout. The living room features vaulted ceilings and skylights that fill the space with natural light, complemented by a gas fireplace. The spacious eat-in kitchen includes granite countertops, a glass tile backsplash, ample cabinetry, & island seating, while the formal dining room is perfect for hosting. A first-floor office adds versatility. Upstairs, the primary ensuite has a walk-in closet and an additional skylight, along with three more bedrooms & a full bath. Step outside to a Trex deck overlooking the fenced backyard, & enjoy the extra living space in the basement
Unit Size
2,618 Ft²
Days on Market
39 days
Land Size
0.28 acres
Price per sqft
$239
Property Type
House
Property Taxes
$728
HOA Dues
-
Year Built
1991

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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 #202513714)

Price History

Date / Event Date Event Price
Apr 28, 2025 Sold
Premium
Sold
Mar 29, 2025 In contract -
In contract
Mar 20, 2025 Listed by KW Platform $625,000
Listed by KW Platform
May 25, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 2,618
  • Building Area: 2,618
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,618
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HISTORY HILLS
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-41 DOORSTONE E-10

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013507

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 03100600030180000000
  • District: 012689
  • Section: 31.06
  • Parcel: 012689 31.6-3-18
  • Block: 3
  • Lot: 18.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7422
  • Longitude: -73.7683

    Address

  • Full Address: 8 Inch Ln
  • Address - House Number: 8
  • Address - Street Name: Inch
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Latham
  • Carrier Code: C003
  • 4-Digit Zip Code: 3702
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $839,268
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.239
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 498,929
  • High Value: 618,180
  • Low Value: 379,677

    Market Valuation

  • Market Total Value: $411,800
  • Market Land Value: $102,950
  • Market Improvement Value: $308,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,000
  • Assessed Land Value: $52,500
  • Assessed Improvements Value: $157,500

    Sales

  • Current Sale Contract Date: May 16, 2007
  • Current Sale Recording Date: May 25, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 09963724
  • Previous Sale Recording Date: May 25, 2007
  • Previous Sale Contract Date: May 23, 2007
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: 27
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:

$329,900

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2273 ft²

Average Home Age

91.4 years

Currently For Sale

537 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 49 Kunker Avenue, Latham, NY, 12110

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
49 Kunker Avenue, Latham, NY, 12110 Listing by Marisa Moffatt
Unit for rent at 13 Southgate Road, Loudonville, NY, 12211

$2,800 /mo

  • 4 Beds
  • 1 Bath
  • 1,400 ft²
13 Southgate Road, Loudonville, NY, 12211 Listing by Linda Yetto

Rentals Near You

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

Listed by: Melissa Mitchell
KW Platform
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202513714
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 Inch Lane built and last sold?
The property at 8 Inch Lane was built in 1991 and last sold on May 16, 2007 for $345,000.
How much is this home worth?
The estimated value of the home located at 8 Inch Lane is $0.
What are some comparable homes to 8 Inch Lane?
There are currently no comparable homes to 8 Inch Lane.
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