For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Menands 12204
9 Park Drive
$480,000
● House - Off Market

9 Park Drive

Menands, NY 12204
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,266 Ft²
$3,623
Est. Monthly
4.07%
Cap Rate

About This Property

Large home in a beautiful neighborhood that is close to everything. Large Master suite adjoins an area with a 2nd fireplace. Vaulted ceiling in family room with wet bar and slider to deck. Wood floors, french door for dnrm, walk  in closet, Partially finished basement. Pool is non functioning, hot tub unknown. Bring this home back to its former beauty and it will be a great home for interior and outdoor entertaining. This is an ''asis'' sale, cash or Rehab financing only.
Unit Size
3,266 Ft²
Days on Market
98 days
Land Size
0.46 acres
Price per sqft
$147
Property Type
House
Property Taxes
$1,266
HOA Dues
-
Year Built
1988

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #202514517)

Price History

Date / Event Date Event Price
Jul 9, 2025 Sold
Premium
Sold
Jun 12, 2025 In contract -
In contract
Apr 29, 2025 Price Decreased $479,900
↓ $20K (4%)
Price Decreased
Mar 31, 2025 Listed by Empire Real Estate Managment LLC $499,900
Listed by Empire Real Estate Managment LLC
May 1, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 598
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 22

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 3,266
  • Building Area: 3,266
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,266
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK HILL ESTATES
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 28 N-7 E-23 WARDS LA N-30-84

Neighborhood

  • School District Name: Menands Union Free School District
  • School Tax School District: MENANDS
  • Census Tract: 013602

Zoning

  • Zoning: 72

Geography

  • Account Number: 05501300060080000000
  • District: 012603
  • Section: 55.13
  • Parcel: 012603 55.13-6-8
  • Block: 6
  • Lot: 8.000
  • Municipality: MENANDS
  • Latitude: 42.6869
  • Longitude: -73.734

    Address

  • Full Address: 9 Park Dr
  • Address - House Number: 9
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Albany
  • Carrier Code: C003
  • 4-Digit Zip Code: 2243
  • Zip Code: 12204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,215,022
  • Tax Rate Code Area: 012615

    Appraisal Valuation

  • Standard Deviation: 0.2351
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 670,976
  • High Value: 828,770
  • Low Value: 513,182

    Market Valuation

  • Market Total Value: $588,200
  • Market Land Value: $159,598
  • Market Improvement Value: $428,602

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,000
  • Assessed Land Value: $81,400
  • Assessed Improvements Value: $218,600

    Sales

  • Current Sale Contract Date: Dec 29, 2005
  • Current Sale Recording Date: May 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9703375

    Financing

  • First Mortgage Financing Type: ADJ
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 Menands

Stats & Trends

Median Asking:

$569,500

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

75

Average Home Size

2765 ft²

Average Home Age

69.5 years

Currently For Sale

11 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 26 Cheshire Way, Albany, NY, 12211

$3,095 /mo

  • 3 Beds
  • 2 Baths
  • 2,096 ft²
26 Cheshire Way, Albany, NY, 12211 Listing by Brock E Forkey

Rentals Near You

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

Listed by: Todd A Drake
Empire Real Estate Managment LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202514517
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 9 Park Drive built and last sold?
The property at 9 Park Drive was built in 1988 and last sold on Dec 29, 2005 for $505,500.
How much is this home worth?
The estimated value of the home located at 9 Park Drive is $0.
What are some comparable homes to 9 Park Drive?
There are currently no comparable homes to 9 Park Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Colonie Homes for Sale
Colonie Houses for Sale
Colonie Condos for Sale
Colonie Townhouses for Sale
Colonie Multifamily for Sale
Colonie Land for Sale
Colonie Commercial for Sale
Colonie Homes with Basements
Nearby Cities
Albany Homes for Sale
Schenectady Homes for Sale
Rotterdam Homes for Sale
Troy Homes for Sale
Scotia Homes for Sale
Cohoes Homes for Sale
East Glenville Homes for Sale
Niskayuna Homes for Sale
Nearby Property Records
Albany County, NY Property Records
Rensselaer County, NY Property Records
Schenectady County, NY Property Records
Saratoga County, NY Property Records
Columbia County, NY Property Records
Greene County, NY Property Records
Montgomery County, NY Property Records
Schoharie County, NY Property Records
Neighborhoods
Campus Area Real Estate
Delaware Avenue Real Estate
Buckingham Lake - Crestwood Real Estate
Pine Hills Real Estate
Whitehall Real Estate
Helderberg Real Estate
New Scotland Real Estate
Center Square Real Estate
Nearby Counties
Albany Homes for Sale
Clifton Park Homes for Sale
Schenectady Homes for Sale
Bethlehem Homes for Sale
Glenville Homes for Sale
Rotterdam Homes for Sale
Niskayuna Homes for Sale
Guilderland Homes for Sale
Top Real Estate Agents
Top Agents in Colonie
Top Agents in Albany
Top Agents in Albany
Top Agents in 12065
Top Agents in Clifton Park
Top Agents in Schenectady
Top Agents in Schenectady
Top Agents in 12309