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Albany
85 Fairlawn Drive
Photo of 85 Fairlawn Drive
Sold on Jan 31, 2025

1

Map

$450,000
● House - Off Market

85 Fairlawn Drive

Colonie, NY 12110
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,082 Ft²
$2,508
Est. Monthly
6.88%
Cap Rate

About This Property

Welcome to this meticulously maintained home in the North Colonial School District. This split level sits on a corner lot and boasts over 2000 sq ft. A beautiful living room addition was added with a wood-burning fireplace and cathedral ceiling. Notably, newer windows on the 2nd floor and front display window were installed, security system, central air, large pressure-treated deck, multiple skylights and much more.
Unit Size
2,082 Ft²
Days on Market
115 days
Land Size
0.29 acres
Price per sqft
$199
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1970

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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: 11 days ago (Global MLS #202427032)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Oct 17, 2024 In contract -
In contract
Oct 7, 2024 Listed by Abele Home Realty $415,000
Listed by Abele Home Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 376
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,082
  • Building Area: 2,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,082
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-PROP RD E-FAIRLAWN DR C-42-67

Neighborhood

  • School District Name: North Colonie Central School District
  • School Tax School District: NORTH COLONIE
  • Census Tract: 013512

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 01800200020240000000
  • District: 012689
  • Section: 18.02
  • Parcel: 012689 18.2-2-24
  • Block: 2
  • Lot: 24.000
  • Municipality: COLONIE (TOV)
  • Latitude: 42.7641
  • Longitude: -73.7868

    Address

  • Full Address: 85 Fairlawn Dr
  • Address - House Number: 85
  • Address - Street Name: Fairlawn
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Latham
  • Carrier Code: C010
  • 4-Digit Zip Code: 1600
  • Zip Code: 12110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $548,388
  • Tax Rate Code Area: 012605

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 389,580
  • High Value: 484,369
  • Low Value: 294,790

    Market Valuation

  • Market Total Value: $274,500
  • Market Land Value: $68,625
  • Market Improvement Value: $205,875

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,000
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $105,000
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

0.02%

Average Days on Market

64

Average Home Size

2228 ft²

Average Home Age

92.1 years

Currently For Sale

561 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

Rentals Near You

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

Listed by: Maureen M Abele-Ferrone
Abele Home Realty
Last Updated: 11 days ago
Data Source: Global MLS , MLS# 202427032
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 85 Fairlawn Drive built and last sold?
The property at 85 Fairlawn Drive was built in 1970 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 85 Fairlawn Drive is $0.
What are some comparable homes to 85 Fairlawn Drive?
There are currently no comparable homes to 85 Fairlawn Drive.
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