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Schenectady 12309
943 PEARSE Road
$71,000
● Land - Off Market

943 PEARSE Road

Schenectady, NY 12309
bedrooms
Studio
bathrooms
0 Bath
$101,385
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Large buildable lot with 103 feet of road frontage that is 194 feet deep. Great location, close to 890, Route 7, and I87 make this commutable to Albany, Schenectady and Saratoga. Very rare opportunity to build a custom home within the award winning Niskayuna School District on a lot with these dimensions. Lot is conforming and will be approved by town when building plans are submitted. Please see attached document from the town planning department.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$123
HOA Dues
-
Year Built
2021

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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 #202017855)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Sep 20, 2023 In contract -
In contract
Aug 17, 2023 Listed by RE/MAX Platinum $659,000
Listed by RE/MAX Platinum
Jan 6, 2023 Sold
Premium
Sold
Sep 10, 2020 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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: 753
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,669
  • Building Area: 2,669
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,669
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: Feb 13, 2017

Neighborhood

  • School District Name: Niskayuna Central School District
  • School Tax School District: NISKAYUNA
  • Census Tract: 031901

Zoning

  • Zoning: R1

Geography

  • District: 422400
  • Section: 61.05
  • Parcel: 422400 61.5-2-13.1
  • Block: 2
  • Lot: 13.001
  • Municipality: NISKAYUNA
  • Latitude: 42.7828
  • Longitude: -73.864

    Address

  • Full Address: 943 Pearse Rd
  • Address - House Number: 943
  • Address - Street Name: Pearse
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C030
  • 4-Digit Zip Code: 2943
  • Zip Code: 12309

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,702,894
  • Tax Rate Code Area: 422401

    Appraisal Valuation

  • Standard Deviation: 0.1022
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 90
  • Final Value: 688,139
  • High Value: 758,497
  • Low Value: 617,780

    Market Valuation

  • Market Total Value: $519,000
  • Market Land Value: $82,913
  • Market Improvement Value: $436,087

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,000
  • Assessed Land Value: $65,500
  • Assessed Improvements Value: $344,500

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 67518
  • Previous Sale Recording Date: Jan 06, 2023
  • Previous Sale Contract Date: Dec 21, 2022
  • Previous Sale Amount: $324,000
  • 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 Schenectady

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$193

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1971 ft²

Average Home Age

102.2 years

Currently For Sale

453 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

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Global MLS

Listed by: David M Schrepper
RE/MAX Platinum
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202017855
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 943 Pearse Road built and last sold?
The property at 943 Pearse Road was built in 2021 and last sold on Nov 8, 2023 for $643,000.
How much is this home worth?
The estimated value of the home located at 943 Pearse Road is $0.
What are some comparable homes to 943 Pearse Road?
There are currently no comparable homes to 943 Pearse Road.
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