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7 Madison Avenue, Ravena, NY, 12143

0beds
1baths
808sqft
$74,900
$93price/sqft
$763/moest. monthly cost
$30,520/yrincome needed

About This Home

Unique Opportunity with Endless Potential! This property offers a rare chance to create a home tailored to your vision. The interior now provides an open space ready for a new kitchen and spacious bedroom. Bring your imagination and transform this property into something truly special. The one-car attached garage offers plenty of storage with the above loft and the potential to convert that space into additional living area. Enjoy the rear porch overlooking a nice, level yard with a storage shed. Municipal water and sewer are available, and natural gas is available at the road. The home features a newer roof and electric baseboard heat. An excellent opportunity for a rehab project, with cash or rehab financing as potential options. Great location and an attractive price for a village lot with a garage and utilities. Conveniently located within walking distance to local amenities, approximately 20 minutes to Albany and 15 minutes to Coxsackie and the NYS Thruway. Come take a look and imagine the possibilities--easy to show!

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Fixer
  • Year built: 1950

Materials

  • Foundation: Slab
  • Roof: Shingle,Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Washer Hookup

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • High Speed Internet,Wall Paneling
  • Flooring: Tile,Vinyl,Concrete
  • Finished area below ground: 0
  • Finished area above ground: 808

Full Bathroom

  • Level: First

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 808
  • Total interior livable area: 808 sqft

Laundry

  • Level: First

Living Room

  • Level: First

Other

  • Level: First

Property

Details

  • Parcel number: 012401 168.10128
  • Special condition: Standard
  • Other equipment: Fuel Tank(s)

Features

  • Patio & porch: Porch
  • Exterior features: Lighting

Lot

  • Lot size: 0.25 Acres
  • Features: Level,Cleared,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Off Street,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

No climate risk data available.

How This Home’s Risks Compare

FEMA Declared Disasters in Albany County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $378$4,536
Home Insurance *$33$396
Property Taxes $106$1,272
Electricity $246$2,954
Total$763$9,156
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,160/yr
40% on housing$22,890/yr
45% on housing$20,346/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 12143$153
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12143$157
Albany County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-31Listed for sale$74,900
2018-04-19Sold$30,000
2018-02-26Pending sale$45,000
2017-11-18Listed for sale$45,000

For Sale by Agent

AgentJosephine Bruno
BrokerageBerkshire Hathaway Home Services Blake

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