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Schenectady 12303
802 Michigan Avenue
$248,000
● House - Off Market

802 Michigan Avenue

Schenectady, NY 12303
bedrooms
4 Beds
bathrooms
2 Baths
$1,685
Est. Monthly
11.33%
Cap Rate

About This Property

Location, Location, Location! Welcome home to this stunning cottage nestled in the heart of Schenectady. This charming property boasts three spacious bedrooms, with the potential for a fourth bedroom and an en suite conveniently located on the first floor. Enjoy the luxury of two full baths, a massive living room, and a dining area that flows seamlessly into a beautiful, gourmet custom kitchen equipped with stainless steel appliances. Situated on a desirable corner lot, this home also features a one-car detached garage with new driveway and new roof on the house and garage. Its prime location ensures you are just moments away from shopping, schools, hospitals, restaurants, and public transportation. Don't miss the opportunity to make this your dream home!
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1925

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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 #202427180)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Nov 14, 2024 In contract -
In contract
Oct 19, 2024 Price Decreased $257,400
↓ $3K (1%)
Price Decreased
Oct 10, 2024 Listed by Miranda Real Estate Group Inc $259,900
Listed by Miranda Real Estate Group Inc
Feb 25, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,348
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: PART OF 2 STUCCO & WD & GAR

Neighborhood

  • School District Name: Schenectady City School District
  • School Tax School District: SCHENECTADY
  • Census Tract: 021600

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 421500
  • Section: 49.73
  • Parcel: 421500 49.73-1-82
  • Block: 1
  • Lot: 82.000
  • Municipality: SCHENECTADY
  • Latitude: 42.7934
  • Longitude: -73.9372

    Address

  • Full Address: 802 Michigan Ave
  • Address - House Number: 802
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C027
  • 4-Digit Zip Code: 1428
  • Zip Code: 12303

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $442,185
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 421500

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 195,441
  • High Value: 241,318
  • Low Value: 149,564

    Market Valuation

  • Market Total Value: $123,165
  • Market Land Value: $18,481
  • Market Improvement Value: $104,684

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,300
  • Assessed Land Value: $14,600
  • Assessed Improvements Value: $82,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 20, 1997
  • Current Sale Recording Date: Feb 25, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 27, 1996
  • Previous Sale Contract Date: Feb 08, 1996
  • Previous Sale Amount: $54,150
  • 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 Schenectady

Stats & Trends

Median Asking:

$259,999

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1960 ft²

Average Home Age

94.5 years

Currently For Sale

152 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 1347 Union Street, Schenectady, NY, 12308

$2,950 /mo

  • 4 Beds
  • 1 Bath
  • 2,188 ft²
1347 Union Street, Schenectady, NY, 12308 Listing by Anthony Durante

Rentals Near You

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

Listed by: Moonrani G Gumani
Miranda Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202427180
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 802 Michigan Avenue built and last sold?
The property at 802 Michigan Avenue was built in 1925 and last sold on Feb 20, 1997 for $40,000.
How much is this home worth?
The estimated value of the home located at 802 Michigan Avenue is $0.
What are some comparable homes to 802 Michigan Avenue?
There are currently no comparable homes to 802 Michigan Avenue.
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