58 Fiddlers Ln · Latham, NY 12110

$379,900

4 bd · 2.5 ba · 1,404 sqft · SingleFamily public records · 159 Days on market

Built 1940 0.35 ac lot $271/sqft · 16% below area Est $451k · 16% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.6/15.0
• Cash flow +10.1/30.0
• Schools +6.4/10.0
• 1% rule +2.9/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This expansive estate is nestled in a quiet, desirable neighborhood and boasts exceptional curb appeal. Perfectly situated near Newton Plaza, Sienna, and Shaker High School, the home offers both elegance and convenience. Inside, the main level features three spacious bedrooms, a full laundry area, and generous storage throughout. The lower level includes a separate walk-out entrance, two additional rooms, and a second laundry space—ideal for extended living or guest accommodations. Enjoy the comfort of two living rooms and two fully equipped kitchens, one on each floor, creating a versatile in-law or multi-generational setup. An attached garage adds even more convenience. This property truly offers an abundance of space, flexibility, and opportunity—the features just keep going!

Key facts

• Attached garage
• Quiet neighborhood
• Two living rooms

Tags

• QUIET NEIGHBORHOOD
• SEPARATE WALK-OUT ENTRANCE
• TWO LIVING ROOMS
• TWO FULLY EQUIPPED KITCHENS
• ATTACHED GARAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-225 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $340k (10.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $299k (21.3% below list).
• Recommended offer: $299k (21.3% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 2.4% in Latham — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• North Colonie CSD (suburban): math 70% / reading 76% proficiency, ranked #102 of 590 in NY (top 17%) — strong family-tenant draw, lease renewals of 3-5y typical; only 13% free/reduced lunch — higher-income household profile.
• Zoned schools: Shaker Middle School (math 54% / reading 72%, grade B+, #129 of 729 statewide, top 18%, 1,423 students, 26% FRL); Shaker High School (math 98% / reading 93%, grade A+, #76 of 1,100 statewide, top 7%, 2,018 students, 25% FRL).
• Market conditions: 103 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
• This rent runs 34% of the median local income ($105k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Albany County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($334k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $181k; list at $380k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $298,972 (21.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 5.58%
• Cash-on-cash: -2.54%
• DSCR: 0.89
• GRM: 10.6

CMA / ARV

• ARV (median comp): $451,319
• List price: $379,900
• Delta: -15.82%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Meadow Ln	0.22mi	4/1.0	1,512 (+8%)	6mo	$200,000	$132	66
6 Dan Del Dr	0.48mi	3/1.5 (-1)	1,372 (-2%)	7mo	$283,000	$206	59
1 Alva Dr	0.20mi	3/2.0 (-1)	1,608 (+14%)	3mo	$405,000	$252	57
2 Arthur Rd	0.48mi	3/2.0 (-1)	1,471 (+5%)	10mo	$440,000	$299	54
92 Fiddlers Ln	0.26mi	3/2.0 (-1)	1,566 (+12%)	10mo	$410,000	$262	53
549 Watervliet Shaker Rd	0.72mi	3/2.0 (-1)	1,394 (-1%)	7mo	$295,000	$212	53
16 Meadow Ln	0.20mi	3/2.0 (-1)	1,560 (+11%)	18mo	$423,000	$271	50
7A Caroline St	0.55mi	3/3.0 (-1)	1,324 (-6%)	12mo	$427,000	$323	48
1 Southern Dr	0.59mi	3/2.0 (-1)	1,416 (+1%)	23mo	$410,000	$290	44
1 Hoffman Dr	0.70mi	3/1.5 (-1)	1,456 (+4%)	11mo	$355,000	$244	43
34 Aspen Rd	0.42mi	3/2.0 (-1)	1,592 (+13%)	10mo	$505,000	$317	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.5%
• Equity multiple: 0.29×
• Total profit: $-75,852
• Equity at exit: $56,644

10-year hold

• IRR: -13.7%
• Equity multiple: 0.21×
• Total profit: $-84,394
• Equity at exit: $32,847

Cash invested: $106,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12110

• Home prices YoY: -34.1%
• Active inventory: 103
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,990 medium
• Mortgage (P&I): −$1,992
• Tax from tax record: −$436 /mo · $5,233/yr
• Insurance: −$158
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $-225

Break-even live

Break-even rent $3,274

Max offer price $340,201

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-117	+0% $-225	+5% $-332	+10% $-440
Rent	-10% $-461	-5% $-343	+0% $-225	+5% $-107	+10% $11
Rate	-1.0pp $-33	-0.5pp $-128	base $-225	+0.5pp $-323	+1.0pp $-423

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $94,975
• Closing costs: $11,397
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Dyer Dr Unit Na Latham, NY	3.0	2.0	1708	$3,000	$1.76	25d	1	0.34mi
2 Dyer Dr Latham, NY	3.0	2.0	1708	$3,000	$1.76	45d	1	0.34mi
5 Mockingbird Hl Latham, NY	3.0	1.0	1152	$2,300	$2.00	16d	1	0.93mi
23 Lake Shore Dr Watervliet, NY	1.0–3.0	1.0–2.0	911	$2,280	$2.50	16d	17	1.16mi

Listing history 11 events

1. 2026-05-03
   status Pending 810-char remark

   Show marketing remark (810 chars)

   This expansive estate is nestled in a quiet, desirable neighborhood and boasts exceptional curb appeal. Perfectly situated near Newton Plaza, Sienna, and Shaker High School, the home offers both elegance and convenience. Inside, the main level features three spacious bedrooms, a full laundry area, and generous storage throughout. The lower level includes a separate walk-out entrance, two additional rooms, and a second laundry space—ideal for extended living or guest accommodations. Enjoy the comfort of two living rooms and two fully equipped kitchens, one on each floor, creating a versatile in-law or multi-generational setup. An attached garage adds even more convenience. This property truly offers an abundance of space, flexibility, and opportunity—the features just keep going!

2. 2026-03-27
   status Active 810-char remark

   Show marketing remark (810 chars)

   This expansive estate is nestled in a quiet, desirable neighborhood and boasts exceptional curb appeal. Perfectly situated near Newton Plaza, Sienna, and Shaker High School, the home offers both elegance and convenience. Inside, the main level features three spacious bedrooms, a full laundry area, and generous storage throughout. The lower level includes a separate walk-out entrance, two additional rooms, and a second laundry space—ideal for extended living or guest accommodations. Enjoy the comfort of two living rooms and two fully equipped kitchens, one on each floor, creating a versatile in-law or multi-generational setup. An attached garage adds even more convenience. This property truly offers an abundance of space, flexibility, and opportunity—the features just keep going!

3. 2026-03-11
   historical Contingent 810-char remark

   Show marketing remark (810 chars)

   This expansive estate is nestled in a quiet, desirable neighborhood and boasts exceptional curb appeal. Perfectly situated near Newton Plaza, Sienna, and Shaker High School, the home offers both elegance and convenience. Inside, the main level features three spacious bedrooms, a full laundry area, and generous storage throughout. The lower level includes a separate walk-out entrance, two additional rooms, and a second laundry space—ideal for extended living or guest accommodations. Enjoy the comfort of two living rooms and two fully equipped kitchens, one on each floor, creating a versatile in-law or multi-generational setup. An attached garage adds even more convenience. This property truly offers an abundance of space, flexibility, and opportunity—the features just keep going!

4. 2025-11-25
   listed $379,900 Active 810-char remark

   Show marketing remark (810 chars)

   This expansive estate is nestled in a quiet, desirable neighborhood and boasts exceptional curb appeal. Perfectly situated near Newton Plaza, Sienna, and Shaker High School, the home offers both elegance and convenience. Inside, the main level features three spacious bedrooms, a full laundry area, and generous storage throughout. The lower level includes a separate walk-out entrance, two additional rooms, and a second laundry space—ideal for extended living or guest accommodations. Enjoy the comfort of two living rooms and two fully equipped kitchens, one on each floor, creating a versatile in-law or multi-generational setup. An attached garage adds even more convenience. This property truly offers an abundance of space, flexibility, and opportunity—the features just keep going!

5. 2025-04-15
   historical
6. 2025-01-19
   listed $379,900 Active
7. 2022-12-06
   historical
8. 2016-12-19
   soldstatus $181,000
9. 2016-12-08
   soldstatus $181,000 Closed (Final Sale)
10. 2016-10-13
    status Pend (Under Cntr)
11. 2016-10-03
    listed $180,000 New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,233 · $436/mo
• Projected year-2 tax: $5,827 · $486/mo
• Expected delta: +$594/yr (+$49/mo · 11.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,877
• − Mortgage interest: −$21,280
• − Property taxes: −$5,233
• − Insurance: −$1,900
• − Repairs & maintenance: −$2,870
• − Management: −$2,870
• − Depreciation: −$11,052
• Taxable loss: −$9,328
• Est. tax savings @ 24.0%: +$2,239
• After-tax cash flow: $-458/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: North Colonie CSD
• NCES district ID: 3621000
• Math proficiency: 70% ▼ -5.00%
• Reading proficiency: 76% ▲ 8.00%
• Median HH income: $74,762
• Composite: 64.2/100
• National rank: #565
• State rank: #102 of 590 in NY

Livability — Latham

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Latham, NY
• County: Albany County · 196,626 people
• City population: 20,081
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 20,081
• Household income: $105,024
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 517.0

Population outlook (Albany County) Hauer SSP2

• Today (2025): 320,794 people
• By 2030: 327,401 · +2.1%
• By 2040: 338,218 · +5.4%
• By 2050: 348,467 · +8.6%
• By 2075: 381,693 · +19.0%
• By 2100: 393,809 · +22.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Asian 11% Two or more races 6% Black 5% Hispanic / Latino 3%
• Common ancestry: Romanian 5% Lithuanian 4% Iranian 2%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 84% English-only · Other Indo-European 5% Chinese 2% Other Asian/Pacific 2%

Political lean MEDSL · Albany

• 2024 margin: Strong D (+25.8) · D 62.9% · R 37.1%
• 2008→2024 swing: -3.6pp toward R · 2008: 29.4pp · 2024: 25.8pp
• All cycles: 2024: D+25.8 2020: D+31.4 2016: D+24.3 2012: D+31.0 2008: D+29.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.69%
• Current HPI: 310.884
• Rent YoY: —
• Metro: Albany-Schenectady-Troy, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+111.1% since first listed

11 events — show timeline

• 2026-05-03 Pending — Global MLS
• 2026-03-27 Relisted — Global MLS
• 2026-03-11 Contingent — Global MLS
• 2025-11-25 Listed $379,900 Global MLS
• 2025-04-15 Listing Removed — Global MLS
• 2025-01-19 Listed $379,900 Global MLS
• 2022-12-06 Rental Removed — RENT.
• 2016-12-19 Sold (Public Records) $181,000 Public Records
• 2016-12-08 Sold (MLS) $181,000 Global MLS
• 2016-10-13 Pending — Global MLS
• 2016-10-03 Listed $180,000 Global MLS

Property tax history

-1.9%/yr

Latest (2025): $5,233 · -2.2% YoY. Source: county tax records.