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Rotterdam 12306
8 Silversmith Lane
$325,000
● House - Off Market

8 Silversmith Lane

Rotterdam, NY 12306
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$2,167
Est. Monthly
8.05%
Cap Rate

About This Property

THIS IS IT! Welcome Home to 8 Silversmith Lane located in Colonial Manor. You will Appreciate all the Charm and Character that this home has to offer. Built-ins, arch ways and hardwood flooring throughout. Freshly painted and an updated first floor bath. Generous sized Bedrooms and plenty of closet space. Partially finished basement with lots of possibilities for a nice rec room and 3rd bathroom, if desired. NEW AC installed and NEW Roof. Backyard is fully fenced with patio, a great space for entertaining. A MUST SEE!
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #202423186)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
Aug 16, 2024 In contract -
In contract
Aug 9, 2024 Listed by Miranda Real Estate Group Inc $325,000
Listed by Miranda Real Estate Group Inc
Jun 13, 2016 Sold
Premium
Sold
Dec 17, 2015 Listed by Miranda Real Estate Group Inc $147,000
Listed by Miranda Real Estate Group Inc
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL GARDENS SUBDIVISION #2
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: R,G,FP,BF COLONIAL GAR #2-65 7.-504-6

Neighborhood

  • School District Name: Rotterdam-Mohonasen Central School District
  • School Tax School District: MOHONASEN
  • Census Tract: 033003

Zoning

  • Zoning: R-1

Geography

  • District: 422800
  • Section: 58.12
  • Parcel: 422800 58.12-10-21
  • Block: 10
  • Lot: 21.000
  • Municipality: ROTTERDAM
  • Latitude: 42.7769
  • Longitude: -73.9686

    Address

  • Full Address: 8 Silversmith Ln
  • Address - House Number: 8
  • Address - Street Name: Silversmith
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C017
  • 4-Digit Zip Code: 3520
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $790,509
  • Tax Rate Code Area: 422803

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 306,102
  • High Value: 377,955
  • Low Value: 234,249

    Market Valuation

  • Market Total Value: $282,900
  • Market Land Value: $33,553
  • Market Improvement Value: $249,347

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,000
  • Assessed Land Value: $25,500
  • Assessed Improvements Value: $189,500

    Sales

  • Current Sale Contract Date: Jun 06, 2016
  • Current Sale Recording Date: Jun 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 201625202
  • Previous Sale Recording Date: Jan 16, 2015
  • Previous Sale Contract Date: Dec 18, 2014
  • Previous Sale Amount: $133,500
  • 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 Rotterdam

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1654 ft²

Average Home Age

75 years

Currently For Sale

44 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 2301 Campbell Avenue, Schenectady, NY, 12306

$2,600 /mo

  • 4 Beds
  • 1 Bath
  • 1,839 ft²
2301 Campbell Avenue, Schenectady, NY, 12306 Listing by Kevin Clancy
Unit for rent at 3206 Guilderland Avenue, Rotterdam, NY, 12306

$2,600 /mo

  • 4 Beds
  • 1 Bath
  • 2,300 ft²
3206 Guilderland Avenue #UNIT1, Rotterdam, NY, 12306 Listing by M Bridgette Frankow-Mucha

Rentals Near You

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

Listed by: Jennifer C Whipple
Miranda Real Estate Group Inc
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202423186
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 Silversmith Lane built and last sold?
The property at 8 Silversmith Lane was built in 1954 and last sold on Jun 6, 2016 for $151,000.
How much is this home worth?
The estimated value of the home located at 8 Silversmith Lane is $0.
What are some comparable homes to 8 Silversmith Lane?
There are currently no comparable homes to 8 Silversmith Lane.
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