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Albany
8 WILLOW SPRING Drive
$528,500
● House - Off Market

8 WILLOW SPRING Drive

Colonie, NY 12110
bedrooms
4 Beds
bathrooms
3 Baths
$980,423
RealtyHop Estimate
81.59%
Since Jan 1, 2008
National-US
Primary Model

About This Property

THIS EXQUISITE 4 BEDROOM, 3 BATH, 3 CAR GARAGE COLONIAL IS DISTINGUISHED BY ITS UNIQUE DESIGN AND QUALITY CRAFTMANSHIP, GOURMET KITCHEN WITH 12 FT CEILING & SKYLIGHTS, FAM RM WITH  FLOOR TO CEILING MARBLE FP, OPEN FLOOR PLAN, EXTENSIVE RECESSED LIGHTING, HARDWOOD FLOORS, CORIAN COUNTERS THROUGHOUT, LG MASTER SUITE WITH INVITING GAS FP & LUXURIOUS MASTER BATH, BEAUTIFULLY LANDSCAPED SITUATED ON A PRIVATE CUL DE SAC STREET OVERLOOKING A SERENE POND. OWNER IS LICENSED AGENT. Superior Condition
Unit Size
-
Days on Market
-
Land Size
0.80 acres
Price per sqft
-
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1994

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 #27115640)

Price History

Date / Event Date Event Price
Jan 8, 2008 Sold
Premium
Sold
Jul 17, 2007 Listed by Howard Hanna $539,900
Listed by Howard Hanna

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • 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: 844
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 2,883
  • Building Area: 2,883
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,883
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000790
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: OR 573 LOUDON RD

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013604

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 03100400080870000000
  • District: 012689
  • Section: 31.04
  • Parcel: 012689 31.4-8-87
  • Block: 8
  • Lot: 87.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7255
  • Longitude: -73.7586

    Address

  • Full Address: 8 Willow Spg
  • Address - House Number: 8
  • Address - Street Name: Willow
  • Address - Suffix Type: Spg
  • State: NY
  • City Name: Latham
  • Carrier Code: C012
  • 4-Digit Zip Code: 5351
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,292,912
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2121
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 741,018
  • High Value: 898,242
  • Low Value: 583,795

    Market Valuation

  • Market Total Value: $643,100
  • Market Land Value: $160,775
  • Market Improvement Value: $482,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,000
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $246,000

    Sales

  • Current Sale Contract Date: Dec 28, 2007
  • Current Sale Recording Date: Jan 08, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10106041
  • Previous Sale Recording Date: Jan 08, 2008
  • Previous Sale Contract Date: Dec 28, 2007
  • Previous Sale Amount: $528,500
  • 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 Albany

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$210

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2263 ft²

Average Home Age

93.3 years

Currently For Sale

740 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 23 Dorwood Drive, Loudonville, NY, 12211

$2,600 /mo

  • 4 Beds
  • 2 Baths
  • 1,869 ft²
23 Dorwood Drive, Loudonville, NY, 12211 Listing by Taylor Barvoets
Unit for rent at 7 Bayberry Drive, Latham, NY, 12110

$2,325 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
7 Bayberry Drive #A, Latham, NY, 12110 Listing by Nicole Blanchette

Rentals Near You

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

Listed by: Maureen L Bazar
Howard Hanna
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 27115640
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 Willow Spring Drive built and last sold?
The property at 8 Willow Spring Drive was built in 1994 and last sold on Dec 28, 2007 for $528,500.
How much is this home worth?
The estimated value of the home located at 8 Willow Spring Drive is $0.
What are some comparable homes to 8 Willow Spring Drive?
There are currently no comparable homes to 8 Willow Spring Drive.
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