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10 Madison Place

10 Madison Place, Albany, NY 12202
Multifamily in Mansion Area
10 Madison Place has been categorized by the local assessors in Albany, NY as a residential type of property. The building on the property was first built in 1880 and is 144 years old. The building has a total of 3 stories. In addition, 10 Madison Place has 5,496 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,274 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 257 ft. The area measurement of the land has been determined as 2,500 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, the home is utilizing oil. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Aug 5, 2021 for $430,000. That's $101.85 per sqft. 10 Madison Place was last assessed in 2023. The total value of the property was assessed at $279,600. Specifically, the land the property is located on was valued at $7,000. While improvements on the property were assessed at a total of $272,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $14,642. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210512
05/12/2021
Studio
4 Bath
4222 ft²
$468,000
bedrooms
Studio
bathrooms
4 Bath
square feet
4222 ft²
$430,000 -8.12%
11/01/2021
-
Lisa Grassi Bartlett
Exit Realty Empire Associates

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 3
  • Living Units: 4
  • Basement Type: Finished improved basement
  • Basement Area: 1,274
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 257
  • Total Building Area: 4,222
  • Gross Building Area: 4,222
  • Building Area: 4,222
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,496
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 3 BRICK+FIN.BSMT. 0407312

Ownership

  • Current Owner : 10 MADISON PLACE LLC
  • Previous Owner : OTTO RICHARD
  • Previous Owner 2: OTTO MAUREEN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 002300

Zoning

  • Zoning: R2C

Geography

  • Account Number: 07604900010020000000
  • District: 010100
  • Section: 76.49
  • Parcel: 010100 76.49-1-2
  • Block: 1
  • Lot: 2.000
  • Municipality: ALBANY
  • Latitude: 42.647
  • Longitude: -73.7592

    Address

  • Full Address: 10 Madison Pl
  • Address - House Number: 10
  • Address - Street Name: Madison
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Albany
  • Carrier Code: C003
  • 4-Digit Zip Code: 2356
  • Zip Code: 12202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,642
  • Tax Rate Code Area: 010100

    Appraisal Valuation

  • Standard Deviation: 0.4572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 8
  • Final Value: 612,961
  • High Value: 893,209
  • Low Value: 332,712

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $344,000
  • First Open Lien Mortgage Lender: SUNMARK FCU
  • First Open Lien Mortgage Recording Date: Nov 01, 2021
  • First Open Lien Mortgage Loan Amount: $344,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $394,748
  • Market Land Value: $9,883
  • Market Improvement Value: $384,865

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,600
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $272,600

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Transaction ID: 11872989741
  • Current Sale Price: $430,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021-33125

    Last Sale Mortgage

  • First Mortgage Lender: SUNMARK FCU
  • First Mortgage Transaction Date: Nov 01, 2021
  • First Mortgage Loan Amount: $344,000
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Mansion Area



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Frequently Asked Questions

What neighborhood is 10 Madison Place located in?
The 10 Madison Place is a multifamily located in the neighborhood of Mansion Area in Mansion Area, Albany.
What is the average sales price for listings in 10 Madison Place?
The average sales price for units in 10 Madison Place is $468,000 , or $111/sqft. currently.

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