NOT LISTED FOR SALE

1716 S Solano Dr Las Cruces, NM 88001

Estimated Value: $747,321

12 Beds
12 Baths
1,056 Sq Ft
$708/Sq Ft Est. Value

Last Sold April 08, 2021

Current estimated payment $4,544/month

138 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Evaporated cooling system

About This Home

As of April 2021

There are 13 total units: twelve 2 Bedroom/2 Bath apartments and one house. House is currently rented to Monarch Real Estate. (business is not part of this sale). Located in a great location, corner of Solano and Missouri. Property can be rezoned to commercial which provides excellent re-development potential.

Last Agent to Sell the Property

Jeremiah Lay

BHGRE Steinborn & Associates License #42258 Listed on: 09/30/2020

BHGRE Steinborn & Associates

Co-Listed By

Steve Mims

BHGRE Steinborn & Associates License #53412

Last Buyer's Agent

Kaley Salopek

United Country Real Estate Salopek Realty License #REC20250099

United Country Real Estate Salopek Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,422

Year Built

  • Built in 1955

Lot Details

  • 0.99 Acre Lot

Parking

  • Paved Parking

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Utilities

  • Evaporated cooling system
  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 13 Units
  • Farmers Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-136-291-241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,422

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Complex
  • Property Type: Residential Income
  • Year Built: 1955
  • Co List Office Mls Id: LCNSRE
  • Co List Office Phone: (575) 522-3698
  • Co List Office Mls Id: LCNSRE
  • Subdivision Name: Farmers Subdivision
  • Directions: Southwest corner of Solano and Missouri Ave. before it turns into Boutz.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator

Exterior Features

  • Roof: Flat, Shingle, Pitched
  • Acres: 0.99
  • Construction Type: Block, Stucco, Frame

Garage/Parking

  • Parking Features: Paved Area

Utilities

  • Heating: Baseboard, Gas
  • Cooling: Evaporative Window, Evaporative Central
  • Sewer: Unknown
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-136-291-241
  • Lot Dimensions: 1.01 to 1.5 AC
  • Lot Size Sq Ft: 43124

Multi Family

  • Number Of Units Total: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Apr 7, 2021
Sold by
Stinson Llc
Bought by
J-Go Llc
Seller's Agent
Jeremiah Lay
BHGRE Steinborn & Associates
Buyer's Agent
Kaley Salopek
United Country Real Estate Salopek Realty
List Price
$650,000
Current Estimated Value
$747,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$340,254
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2002
Sold by
Miller Robert Stanley and Miller Virginia Ann
Bought by
Stinson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,129
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2001
Sold by
Miller Stanley and Miller Virginia Ann
Bought by
Miller Robert Stanley and Miller Virginia Ann
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
J-Go Llc -- Southwestern Abstract
Stinson Llc -- --
Miller Robert Stanley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J-Go Llc $375,000
Open J-Go Llc $750,000
Previous Owner Stinson Llc $296,129
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2023 12/24/23 Off Market -- -- --
02/17/2022 02/17/22 Off Market -- -- --
04/08/2021 04/08/21 Sold -- -- --
02/15/2021 02/15/21 Pending -- -- --
01/14/2021 01/14/21 Price Changed $575,000 -11.5% $545 / Sq Ft
09/30/2020 09/30/20 For Sale $650,000 -- $616 / Sq Ft
Source: Southern New Mexico MLS (Las Cruces 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
2023 $5,422 $172,139 $49,833 $122,306
2022 $5,314 $166,425 $49,833 $116,592
2021 $3,946 $123,934 $49,834 $74,100
2020 $3,962 $123,934 $49,834 $74,100
2019 $3,971 $123,934 $49,834 $74,100
2018 $3,951 $123,934 $49,834 $74,100
2017 $3,636 $123,934 $49,834 $74,100
2016 $3,685 $123,934 $49,834 $74,100
2015 $3,698 $371,800 $149,500 $222,300
2014 $3,586 $360,800 $149,500 $211,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

MLS Number: 2002688

Southern New Mexico MLS (Las Cruces Association of REALTORS®)

APN: 02-12044