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48 Wilshire Drive, Albany, NY, 12205

4beds
2baths
1,928sqft
$395,000
$205price/sqft
$3,003/moest. monthly cost
$120,120/yrincome needed

About This Home

Multiple offers received. Seller is requesting all buyers submit highest and best offers by Sunday, May 10th at 8:00 PM. Spacious and inviting South Colonie raised ranch offering approximately 1,928 sq ft of versatile living space with 4 bedrooms and 2 full bathrooms. Designed for both comfort and functionality, this home features well-proportioned living areas across both levels, ideal for today's flexible lifestyle including family living, work-from-home, or guest accommodations. Set on a generously sized lot with an above-ground pool, the outdoor space offers great potential for relaxation and entertaining. Conveniently located just minutes to Colonie Center, major highways (I-87, I-90), shopping, and dining.

Getting Around

21
WalkingCar-Dependent
21
TransitMinimal Transit
23
BikeSomewhat Bikeable

Schools

8/10
6/10
Lisha Kill Middle SchoolGrades 5-81.4 mi
7/10

Construction

Condition

  • Year built: 1974

Materials

  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Gas Water Heater,Range Hood,Refrigerator,Washer/Dryer

Basement

  • Basement: None

Bedroom

  • Level: First

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Second

Family Room

  • Level: First

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,928

Foyer

  • Level: First

Full Bathroom

  • Level: First

Full Bathroom

  • Level: Second

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,928
  • Total interior livable area: 1,928 sqft

Kitchen

  • Level: Second

Living Room

  • Level: Second

Property

Details

  • Parcel number: 012689 29.2313
  • Special condition: Other

Features

  • Exterior features: Other

Lot

  • Lot size: 0.30 Acres

Parking

  • Total spaces: 5
  • Parking features: Driveway
  • Has garage: Yes
  • Attached garage spaces: 5
  • Covered spaces: 5
  • 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

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Strong Wind

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 $1,997$23,964
Home Insurance *$129$1,548
Property Taxes $559$6,708
Electricity $318$3,823
Total$3,003$36,036
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,960/yr
40% on housing$90,090/yr
45% on housing$80,080/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

$205This listing

vs Other Active Listings

Avg $/sqft

ZIP 12205$225
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12205$225
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)

Price History

DateEventPrice
2026-05-02Listed for sale$395,000
2020-09-02Listing removed$299,000
2020-08-13Pending sale$299,000
2020-08-06Price change$299,000
2020-06-30Listed for sale$319,900
2012-04-05Sold$227,000
2012-02-15Price change$239,950
2012-01-07Price change$240,000
2011-12-06Price change$244,700
2011-09-22Listed for sale$249,000
2010-09-16Listing removed$239,000
2010-05-09Price change$239,000
2010-04-16Price change$249,900
2010-03-19Listed for sale$254,000
2007-12-06Sold$205,000
2006-06-21Sold$205,000
1994-09-02Sold$115,900

For Sale by Agent

AgentYan Wang
BrokerageRealty One Group Key

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