NOT LISTED FOR SALE

1424 Arenal Rd SW Albuquerque, NM 87105

Estimated Value: $273,000 - $337,858

3 Beds
3 Baths
1,838 Sq Ft
$171/Sq Ft Est. Value

Last Sold September 01, 2022

Current estimated payment $1,907/month

Highlights

  • Guest House
  • Outdoor Fireplace
  • 1 Car Attached Garage
  • 0.84 Acre Lot
  • Private Yard
  • Ductless Heating Or Cooling System

About This Home

As of September 2022

Great investment opportunity in the South Valley! Seller has updated both units with mini-split systems. Seller also hired an architect to design plans to build 14 units on this lot. There is an irrigation well on the property. The larger house has a lease that is up 7/31/22 and will go month to month after. The small house is on a lease that is month to month. Potential for new owner to live in one unit while earning passive income on the second unit. Owner financing may be possible with 25% down

Last Agent to Sell the Property

Jayma Reid

Simply Real Estate License #50802 Listed on: 06/22/2022

Simply Real Estate

Last Buyer's Agent

Ramon Morales

Star Realty New Mexico LLC License #53507

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 1940

Lot Details

  • 0.84 Acre Lot
  • North Facing Home
  • Gated Home
  • Property is Fully Fenced
  • Private Yard
  • Zoning described as SD-IVC

Parking

  • 1 Car Attached Garage
  • 1 Carport Space

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Stucco

Interior Spaces

  • 1,838 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Fireplace
  • Single Hung Metal Windows
  • Security Gate
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Outdoor Storage

Additional Homes

  • Guest House

Schools

  • Kit Carson Elementary School
  • Ernie Pyle Middle School
  • Rio Grande High School

Utilities

  • Ductless Heating Or Cooling System
  • Evaporated cooling system
  • Refrigerated Cooling System
  • Heating Available
  • Natural Gas Connected

Community Details

Listing and Financial Details

  • Total Actual Rent $800
  • Assessor Parcel Number 101205547633110221

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,928

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: From I-25, take the Avenida Cesar Chavez Exit. Go west on Avenida Cesar Chavez to Isleta. Go south on Isleta to Montrose Place, turn left. When you reach Arenal turn right, house will be on your left.
  • Listing Contract Date: 2022-06-12
  • Year Built: 1940
  • Lot Size Acres: 0.84
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Year Built Details: 71 - 80
  • Property Sub Type Additional: Detached
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator
  • Interior Amenities: Main Level Master
  • Stories: 1
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Outside
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1838.0
  • Window Features: Metal, Single Pane
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Fully Fenced, Patio, Private Yard, RV Hookup, Storage
  • Roof: Flat
  • Fencing: Gate
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Other Structures: Guest House
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Evaporative Cooling, Refrigerated
  • Electric: None
  • Heating: Ductless
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Kit Carson
  • High School: Rio Grande
  • Middle Or Junior School: Ernie Pyle

Lot Info

  • Lot Size Sq Ft: 36590.4
  • Parcel #: 101205547633110221
  • Zoning Description: SD-IVC

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 800.0

Tax Info

  • Tax Annual Amount: 2927.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 31, 2022
Sold by
Dowling Jean G
Bought by
Martinez Eric C and Otero Georgia
Seller's Agent
Jayma Reid
Simply Real Estate
Buyer's Agent
Ramon Morales
Star Realty New Mexico LLC
List Price
$279,000
Views
13
Current Estimated Value
$314,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Original Mortgage
$255,550
Outstanding Balance
$244,377
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$70,338

Purchase Details

Listed on
Feb 29, 2020
Closed on
May 27, 2020
Sold by
Chaffee and Renee
Bought by
Dowling Jean
Seller's Agent
Dominique Pyle
Coldwell Banker Legacy
Buyer's Agent
Jayma Reid
Simply Real Estate
List Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%

Purchase Details

Closed on
Jun 5, 2017
Sold by
Chaffee Edward and Chaffee Renee
Bought by
Chaffee Athena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 1, 2011
Sold by
Shaffer Lena and Gutierrez Ruth
Bought by
Chaffee Edward

Purchase Details

Closed on
May 9, 2011
Sold by
Shaffer Lena
Bought by
Shaffer Lena and Gutierrez Ruth
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 Buyer Sale Price Title Company
Martinez Eric C -- --
Dowling Jean -- Fidelity National Title
Chaffee Athena $200,000 None Available
Chaffee Edward -- None Available
Chaffee Edward -- Accommodation
Shaffer Lena -- Rio Grande Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Eric C $255,550
Previous Owner Chaffee Athena $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2022 09/01/22 Sold -- -- --
08/05/2022 08/05/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $279,000 +11.6% $152 / Sq Ft
05/27/2020 05/27/20 Sold -- -- -- View Prior Sale
04/15/2020 04/15/20 Pending -- -- --
02/29/2020 02/29/20 For Sale $250,000 -- --
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
2025 $3,086 $81,725 $21,764 $59,961
2024 $3,086 $83,147 $22,417 $60,730
2023 $3,031 $80,725 $21,764 $58,961
2022 $2,938 $80,725 $21,764 $58,961
2021 $2,928 $80,758 $21,764 $58,994
2020 $2,266 $61,793 $22,417 $39,376
2019 $2,266 $61,793 $22,417 $39,376
2018 $2,186 $61,793 $22,417 $39,376
2017 $1,885 $59,994 $21,764 $38,230
2016 $1,859 $51,878 $18,939 $32,939
2015 $50,367 $50,367 $18,388 $31,979
2014 $1,720 $48,901 $17,853 $31,048
2013 -- $47,477 $17,333 $30,144
Source: Public Records

Agents Affiliated with this Home

  • Jayma Reid

    Seller's Agent in 2022

    Jayma Reid

    Simply Real Estate

    (505) 463-6065

    3 in this area

    113 Total Sales

    Jayma Reid
    Section Image

  • R

    Buyer's Agent in 2022

    Ramon Morales

    Star Realty New Mexico LLC

    (505) 453-1307

    4 in this area

    11 Total Sales

    Ramon Morales
    Section Image
  • Angelica Lazcano

    Buyer Co-Listing Agent in 2022

    Angelica Lazcano

    Star Realty New Mexico LLC

    (505) 550-3787

    4 in this area

    23 Total Sales

    Angelica Lazcano
    Section Image
  • Dominique Pyle

    Seller's Agent in 2020

    Dominique Pyle

    Coldwell Banker Legacy

    (505) 379-0555

    1 in this area

    58 Total Sales

    Dominique Pyle
    Section Image

  • D

    Buyer Co-Listing Agent in 2020

    David Reid

    Simply Real Estate

    (505) 463-6602

    12 Total Sales

    David Reid
    Section Image
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Map

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

MLS Number: 1017409

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-012-055-476331-1-02-21

New Mexico Bernalillo County Albuquerque 87105

1424 Arenal Rd SW, Albuquerque, NM

This home is located at 1424 Arenal Rd SW, Albuquerque, NM 87105 since 22 June 2022 and is currently estimated at $314,715, approximately $171 per square foot. This property was built in 1940. 1424 Arenal Rd SW is a home located in Bernalillo County with nearby schools including Kit Carson Elementary School, Ernie Pyle Middle School, and Rio Grande 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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