NOT LISTED FOR SALE

1506 Cherry Ln Farmington, NM 87401

Estimated Value: $172,000 - $254,000

-- Bed
3 Baths
2,402 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 27, 2022

Current estimated payment $1,279/month

Highlights

  • 1-Story Property
  • Refrigerated and Evaporative Cooling System
  • Concrete Flooring
  • Forced Air Heating System

About This Home

As of April 2022

INVESTOR ALERT! LOCATED CLOSE TO BOYS AND GIRLS CLUB! Property is being sold ''AS IS'' and seller will make no repairs. This property offers a duplex and a single unit. Unit A is a 1 bedroom 1 bath unit and rents for $600.00 a month. Unit B is a 2 bedroom 1 bath unit and rents for $675.00 a month. Unit C is a stand alone unit with 2 bedrooms and 1 bath, which only has shower, newer hot water heater in 2021 and rents $750.00 a month. The address is 1506 & 1506 1/2 Cherry Lane. All units are currently rented, and 2 of the units have had long term tenants for over 6 years. Seller pays all utlities and tenants rent month to month.

Last Agent to Sell the Property

Elizabeth McGinness-DiGiacomo

R1 New Mexico Farmington License #41550 Listed on: 04/27/2022

Co-Listed By

Shelbie DiGiacomo

R1 New Mexico Farmington License #REC-2022-0038

Last Buyer's Agent

Elizabeth McGinness-DiGiacomo

R1 New Mexico Farmington License #41550 Listed on: 04/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,466

Lot Details

  • Property is in average condition

Home Design

  • Duplex
  • Wood Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 1-Story Property

Flooring

  • Carpet
  • Concrete

Parking

  • 2 Parking Spaces Included
  • On-Street Parking

Schools

  • Animas Elementary School
  • Hermosa Middle School
  • Farmington High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes electric, gas, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,466

Lot Details

0

Listing Details

  • Home Age: 51 +
  • Co Selling Member Short Id: shelbie
  • FloodZoneA: Unknown
  • Foreclosed Pre Foreclosed: No
  • Listing Member Name: Elizabeth A McGinness-DiGiacomo
  • Listing Office Short Id: 702r1nm
  • Number Of Stories: One
  • PendingForeclosure: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: elizabeth
  • Property Sub Type: Duplex, Triplex
  • Type of Tenancy: Month - Month
  • UtilSvcInclRent: Electric, Gas, Sewer, Water
  • Special Features: None

Interior Features

  • Basement Bathrooms: 3.00
  • Updated Floor: Slab
  • Unit Features: Carpets

Exterior Features

  • Property Condition: Fair
  • Roof: Wood Shingle

Garage/Parking

  • Parking: Street Parking

Utilities

  • Cooling: Evaporative Central, Evaporative Window
  • Heating: Forced Air, Gas
  • Water and Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Units in Building: 3

Schools

  • Elementary School: Animas Elementary
  • High School: Farmington High School
  • Middle School: Hermosa Middle School

Lot Info

  • Lot Size: 0.216
  • Zoning: Multi-Fam Low Dens

Multi Family

  • Number Of1 Bedroom Units: 1.00
  • Number Of2 Bedroom Units: 2.00
  • Parking Per Unit: Two
  • Total Full Baths: 3

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Apr 27, 2022
Sold by
Chambers Barbara
Bought by
Accel Llc
Seller's Agent
Elizabeth McGinness-DiGiacomo
R1 New Mexico Farmington
Buyer's Agent
Elizabeth McGinness-DiGiacomo
R1 New Mexico Farmington
Current Estimated Value
$219,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%

Purchase Details

Closed on
Apr 11, 2013
Sold by
Prado Ralph
Bought by
Jaramillo Ralph A

Purchase Details

Closed on
Apr 27, 2010
Sold by
Meador Helen F
Bought by
Jack E Meador & Helen F Meador Living Tr
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
Accel Llc -- None Listed On Document
Jaramillo Ralph A -- None Available
Jack E Meador & Helen F Meador Living Tr -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2022 04/27/22 Sold -- -- --
Source: San Juan County Board 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 $1,466 $61,682 $0 $0
2023 $1,466 $61,469 $0 $0
2022 $848 $35,270 $0 $0
2021 $817 $34,244 $0 $0
2020 $791 $33,246 $0 $0
2019 $764 $32,278 $0 $0
2018 $729 $30,425 $0 $0
2017 $698 $29,540 $0 $0
2016 $675 $28,679 $0 $0
2015 $663 $28,679 $0 $0
2014 $625 $27,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller Co-Listing Agent in 2022

    Shelbie DiGiacomo

    R1 New Mexico Farmington

    (505) 716-1482

    32 Total Sales

    Shelbie DiGiacomo
    Section Image
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Map

Source: San Juan County Board of REALTORS®

MLS Number: 22-578

APN: 0027199

New Mexico San Juan County Farmington 87401

1506 Cherry Ln, Farmington, NM

Not Listed for Sale

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