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Saratoga 12019
8 Sierra Trace
$360,000
● House - Off Market

8 Sierra Trace

Malta, NY 12019
bedrooms
3 Beds
bathrooms
2 Baths
$371,204
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

MULTIPLE OFFER DEADLINE SAT. 11/5 12PM Open Houses Canceled. The BEST New Listing in a Desirable & Convenient Location! You Will Love this Ranch Floor Plan Design w/over 2,000 sq.ft Including the Finished Basement Rm! The Open Floor Plan Design Meets all Your Wishlist Items Throughout the Entire House, Cathedral Ceilings in All Rooms, Primary Suite Flowing into the en-suite Bathroom w/Two Sinks~Shower w/Glass Door~Separate Toilet Rm~Walk-in Closet. 3rd Bedrm w/Double Doors is also a Perfect Office Space! Wait Until You See the HUGE Basement w/500sq.ft Finished~Cedar Walk-in Closet~2nd Walk-in Closet w/Storage Shelves, & Another 900+sq.ft Available to Finish if you Want More! New stamped Concrete Patio w/FirePit, Carriage Style Insulated Garage Door, Gutters, Newer Mechanicals,& Much Mor
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1993

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 #202229479)

Price History

Date / Event Date Event Price
Dec 28, 2022 Sold
Premium
Sold
Nov 2, 2022 Listed by Fortune Realty Group, LLC $349,900
Listed by Fortune Realty Group, LLC
Feb 19, 2021 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 1,421
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SIDE: S LOT 8

Neighborhood

  • School District Name: Shenendehowa Central School District
  • School Tax School District: SHENENDEHOWA
  • Census Tract: 061404

Zoning

  • Zoning: PDD

Geography

  • District: 414089
  • Section: 250.06
  • Parcel: 414089 250.6-2-26
  • Block: 2
  • Lot: 26.000
  • Municipality: MALTA (TOV)
  • Latitude: 42.94
  • Longitude: -73.8131

    Address

  • Full Address: 8 Surrey Ln
  • Address - House Number: 8
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Ballston Spa
  • Carrier Code: R014
  • 4-Digit Zip Code: 2718
  • Zip Code: 12020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,932
  • Tax Rate Code Area: 412402

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 382,875
  • High Value: 464,736
  • Low Value: 301,014

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $80,000
  • Market Improvement Value: $280,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,000
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $280,000

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39369
  • Previous Sale Recording Date: Feb 19, 2021
  • Previous Sale Contract Date: Jan 28, 2021
  • Previous Sale Amount: $297,000
  • Previous Sale Document Type: 71
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:

$489,000

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

66

Average Home Size

2194 ft²

Average Home Age

76.3 years

Currently For Sale

643 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

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

Listed by: Jennifer L Fortune
Fortune Realty Group, LLC
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202229479
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 Sierra Trace built and last sold?
The property at 8 Sierra Trace was built in 1993 and last sold on Dec 14, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 8 Sierra Trace is $353,399.
What are some comparable homes to 8 Sierra Trace?
There are currently no comparable homes to 8 Sierra Trace.
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