$549,000
SOLD OCT 4, 2024
Last list price

1111 W Mckay St Carlsbad, NM 88220

2 Beds
1 Bath
3,292 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

125 Days on Market

Highlights

  • Evaporated cooling system
  • Landscaped
  • Forced Air Heating System
  • Tile Flooring

About This Home

As of October 2024

Recently remodeled units feature open floorplans with large eat-in kitchens, living areas with woodburning 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 new 30-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 of the most solid tourism sectors

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 04/28/2024

Co-Listed By

Kyle Deacon

Deacon Property Services License #15579

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $948

Year Built

  • Built in 2003

Lot Details

  • 7,841 Sq Ft Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,292 Sq Ft Home
  • Property has 2 Levels
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 425637568280,

Community Details

Overview

  • 3,292 Sq Ft Building
  • ,Powers Rep Amd Subdivision

Building Details

  • Operating Expense $15,723
  • Gross Income $52,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$948

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From N Mesa and McKay west to property.
  • Listing Contract Date: 2024-04-28
  • Year Built: 2003
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: DEAC01
  • Co List Office Phone: (505) 878-0100
  • Subdivision Name: ,Powers Rep AMD
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3292.0
  • Stories: 2

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 7841.0
  • Additional Parcels: Yes
  • Parcel #: 425637568280,
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 52440.0
  • Annual Operating Expense: 15723.0

Tax Info

  • Tax Annual Amount: 948.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2024
Closed on
Oct 3, 2024
Sold by
Edge Capital Iv Llc
Bought by
Chaparro Street Llc
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Kyle Deacon
Deacon Property Services
List Price
$619,444
Sold Price
$512,400
Premium/Discount to List
-$107,044
-17.28%
Total Days on Market
125
Views
98
Current Estimated Value
$568,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,506
Avg. Annual Appreciation
17.18%
Original Mortgage
$1,537,200
Outstanding Balance
$1,480,951
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$912,045

Purchase Details

Listed on
Jan 19, 2022
Closed on
Apr 12, 2022
Sold by
Gruber Richard
Bought by
Edge Capital Iv Llc
Seller's Agent
Jo Scheel
CENTURY 21 DUNAGAN ASSOCIATES
Buyer's Agent
Jo Scheel
CENTURY 21 DUNAGAN ASSOCIATES
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.52%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title
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 -- -- --
09/01/2024 09/01/24 Pending -- -- --
07/03/2024 07/03/24 Price Changed $549,000 -11.4% $167 / Sq Ft
04/28/2024 04/28/24 For Sale $619,444 +125.3% $188 / Sq Ft
04/12/2022 04/12/22 Sold -- -- --
03/01/2022 03/01/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $275,000 -- $98 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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 $980 $39,328 $2,100 $37,228
2021 $977 $39,328 $2,100 $37,228
2020 $988 $39,328 $2,100 $37,228
2019 $1,008 $39,328 $2,100 $37,228
2018 $1,003 $39,328 $2,100 $37,228
2017 $1,025 $40,445 $2,100 $38,345
2015 $1,066 $0 $0 $0
2014 $967 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2024

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    236 Total Sales

    Todd Clarke
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    180 Total Sales

    Kyle Deacon
    Section Image
  • Jo Scheel

    Seller's Agent in 2022

    Jo Scheel

    CENTURY 21 DUNAGAN ASSOCIATES

    (575) 361-4159

    312 Total Sales

    Jo Scheel
    Section Image
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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1061572

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 4-156-127-458-180

New Mexico Eddy County Carlsbad 88220

1111 W Mckay St, Carlsbad, NM

This home is located at 1111 W Mckay St, Carlsbad, NM 88220 and is currently estimated at $549,000, approximately $166 per square foot. This property was built in 2003. 1111 W Mckay St is a home located in Eddy County with nearby schools including Sunset Elementary School, PR Leyva CIS, and Carlsbad High School.

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.

Southwest MLS (Greater Albuquerque Association of REALTORS®) 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.

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