$195,000
SOLD MAR 7, 2025
Last list price

1516 Spence Ave SE Albuquerque, NM 87106

Kirtland Community Neighborhood
2 Beds
1 Bath
806 Sq Ft
5,998 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

31 Days on Market

Highlights

  • Evaporated cooling system
  • North Facing Home
  • Property has 1 Level
  • Albuquerque High School Rated A-
  • Wall Furnace
  • 5-minute walk to Kirkland Park Playground

About This Home

As of March 2025

Fixer-Upper Opportunity with Possible Owner Financing! Owner willing to work with buyer on terms. Make an offer and let's make a deal!Looking for a long-term investment in a thriving area? This property, located just south of UNM, could be your next project. The neighborhood has seen significant development in recent years, including major businesses like Chick-fil-A, Starbucks, Subway, Dion's, and Chili's, all within half a mile.According to the owner, the property features a newer roof (installed within the last five years) and an updated sewer line. It's being sold as-is, where-is, with no repairs provided. Inspections are for buyer's information only.Don't miss this chance to invest in an up-and-coming area!

Last Agent to Sell the Property

Carlos Martinez

Keller Williams Realty License #39676 Listed on: 01/10/2025

Keller Williams Realty

Last Buyer's Agent

Carlos Martinez

Keller Williams Realty License #39676 Listed on: 01/10/2025

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $915

Year Built

  • Built in 1950

Lot Details

  • 5,998 Sq Ft Lot
  • North Facing Home
  • Back Yard Fenced
  • Zoning described as R-1B*

Home Design

  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 806 Sq Ft Home
  • Property has 1 Level
  • Casement Windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Lowell Elementary School
  • Wilson Middle School
  • Albuquerque High School

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101505521942420726

Home Details

Home Type

Single Family

Est. Annual Taxes

$915

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: I-25 and Gibson to University. South on University to Spence. West on Spence to property.
  • Year Built: 1950
  • Lot Size Acres: 0.14
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached
  • Special Features: None

Interior Features

  • Flooring: Carpet Free
  • Interior Amenities: Main Level Primary
  • Stories: 1
  • Accessibility Features: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Living Area: 806.0
  • Window Features: Casement Window(s)

Exterior Features

  • Exterior Features: Fence, Private Yard
  • Roof: Flat, Rolled/Hot Mop
  • Fencing: Back Yard
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Block, Stucco
  • Direction Faces: North
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Utilities: Natural Gas Connected
  • Water Source: Public
  • Laundry Features: None
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Lowell
  • High School: Albuquerque
  • Middle Or Junior School: Wilson

Green Features

  • Green Power: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5998.0
  • Parcel #: 101505521942420726
  • Zoning Description: R-1B*

Tax Info

  • Tax Annual Amount: 914.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2025
Sold by
Oakleaf Walter F and Oakleaf Rosemarie
Bought by
Gurrola Arely Estrada
Current Estimated Value
$196,068

Purchase Details

Listed on
Jan 10, 2025
Closed on
Mar 4, 2025
Sold by
Praedium Nm Llc
Bought by
Oakleaf Walter F and Oakleaf Rosemarie
Seller's Agent
Carlos Martinez
Keller Williams Realty
Buyer's Agent
Carlos Martinez
Keller Williams Realty
List Price
$210,000
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Contract Of Sale $150,000 Fidelity National Title
Special Warranty Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2025 03/07/25 Sold -- -- --
02/10/2025 02/10/25 Pending -- -- --
01/21/2025 01/21/25 Price Changed $195,000 -7.1% $242 / Sq Ft
01/10/2025 01/10/25 For Sale $210,000 -- $261 / 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
2025 $930 $22,712 $7,936 $14,776
2024 $930 $22,051 $7,705 $14,346
2023 $915 $21,409 $7,481 $13,928
2022 $884 $20,786 $7,263 $13,523
2021 $854 $20,181 $7,052 $13,129
2020 $840 $19,594 $6,847 $12,747
2019 $816 $19,023 $6,647 $12,376
2018 $787 $19,023 $6,647 $12,376
2017 $763 $18,469 $6,454 $12,015
2016 $763 $17,932 $6,266 $11,666
2015 $17,932 $17,932 $6,266 $11,666
2014 $761 $17,932 $6,266 $11,666
2013 -- $17,932 $6,266 $11,666
Source: Public Records

Agents Affiliated with this Home

  • Carlos Martinez

    Seller's Agent in 2025

    Carlos Martinez

    Keller Williams Realty

    (505) 259-3150

    2 in this area

    169 Total Sales

    Carlos Martinez
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Map

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

MLS Number: 1076313

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-015-055-219424-2-07-26

New Mexico Bernalillo County Albuquerque 87106 Kirtland Community

1516 Spence Ave SE, Albuquerque, NM

Sold

Detached

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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