Seller's Agent in 2024
Lanette Rostro
BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - CARLSBAD
(575) 200-5954
182 Total Sales
Last list price
1111 W Mckay St Carlsbad, NM 88220
--
Bed
--
Bath
--
Sq Ft
6,825
Sq Ft Lot
Highlights
- No HOA
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
About This Home
As of October 2024Recently remodeled units feature open floorplans with large eat-in kitchens, living areas with wood burning fireplaces, and bedrooms with plenty of storage – all complimented by custom woodwork and quality, hardy contemporary finishes throughout. Add all that to updated thermal windows, a new30-year roof, upgraded stucco and paint, and a new common laundry room, and you’ve got a turnkey investment that will allow the next owner to truly reap the benefits of one of New Mexico’s fastest growing and appreciating real estate markets (without the headache of inheriting deferred maintenance and urgent projects with no upside).Carlsbad continues to grow exponentially as high paying jobs are generated in oil and gas production, agriculture, and one of the most solid tourism sectors in the southwestern united states. Beyond the boom economy, people choose to live in the "the Pearl on the Pecos" for its high quality of life, good schools, and unique recreation opportunities. Now is the right time to tap into one of the nation’s premiere, undiscovered multi-family investment markets. Measures of investment performance at the ask price of $1,098,000 and with average rent of $1,150 include GRM of 11.22, Before Reserves Cap rate of 6.07% and after tax IRR of 13.80%. If rents are raised to market average of $1,324, the cap rates goes to 6.78%.
Last Agent to Sell the Property
BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - CARLSBAD License #46020 Listed on: 05/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,973
Year Built
- Built in 2003
Home Design
- Frame Construction
- Pitched Roof
- Shingle Roof
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- Separate Meters
- Natural Gas Connected
- Individual Gas Meter
Additional Features
- 2-Story Property
- 6,825 Sq Ft Lot
Community Details
- No Home Owners Association
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 4156127458180 & 4156127445180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 12, 2022
Sold by
Gruber Richard
Bought by
Edge Capital Iv Llc
Total Days on Market
89
Current Estimated Value
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,537,200 | Credit Line Revolving | |
| Previous Owner | $98,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2024 10/04/24 | Sold | -- | -- | -- |
| 08/19/2024 08/19/24 | Pending | -- | -- | -- |
| 07/01/2024 07/01/24 | Price Changed | $1,098,000 | -6.7% | -- |
| 05/22/2024 05/22/24 | For Sale | $1,176,543 | -- | -- |
Source: New Mexico MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $982 | $39,495 | $446 | $39,049 |
| 2023 | $982 | $38,345 | $314 | $38,031 |
| 2022 | $979 | $39,286 | $2,058 | $37,228 |
| 2021 | $976 | $39,286 | $2,058 | $37,228 |
| 2020 | $986 | $39,286 | $2,058 | $37,228 |
| 2019 | $1,006 | $39,286 | $2,058 | $37,228 |
| 2018 | $1,002 | $39,286 | $2,058 | $37,228 |
| 2017 | $1,024 | $40,403 | $2,058 | $38,345 |
| 2015 | $1,065 | $0 | $0 | $0 |
| 2014 | $966 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lanette Rostro
-
Todd Clarke
Buyer's Agent in 2024
Todd Clarke
N.M. APARTMENTS, INC.
(505) 480-8885
236 Total Sales
Map
Source: New Mexico MLS
MLS Number: 20243032
APN: 4-156-127-445-180
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Nearby Homes
- 1205 W Stevens St
- 609 N Ash St
- 512 N Mesa St
- 607 N Olive St
- 104 & 106 S Olive St
- 606 N 2nd St
- 301 N Alameda St
- 107 N 2nd St
- 914 Albert St
- 705 N 2nd St
- 513 N Halagueno St
- 414 S Mesa St
- 511 N Halagueno St
- 1003 Albert St
- 2008 Georgia St
- 1019 N Thomas St
- 612 W Blodgett St
- 214 S Alameda St
- 705 S Halagueno St
- 930 N Halagueno St