NOT LISTED FOR SALE

1800 S Espina St Las Cruces, NM 88001

El Paseo Neighborhood

Estimated Value: $995,616

44 Beds
22 Baths
15,240 Sq Ft
$65/Sq Ft Est. Value

Last Sold March 20, 2021

Current estimated payment $6,447/month

15 Days on Market

Highlights

  • 0.77 Acre Lot
  • Forced Air Heating System
  • 2-minute walk to Frengerpark
  • No HOA
  • Evaporated cooling system

About This Home

As of March 2021

22 unit investment property. All units are 2 bedroom 1 bath with strong rental history.

Last Agent to Sell the Property

Jeremiah Lay

BHGRE Steinborn & Associates License #42258 Listed on: 09/20/2020

BHGRE Steinborn & Associates

Co-Listed By

Steve Mims

BHGRE Steinborn & Associates License #53412

Last Buyer's Agent

Jeremiah Lay

BHGRE Steinborn & Associates License #42258 Listed on: 09/20/2020

BHGRE Steinborn & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,948

Year Built

  • Built in 1987

Lot Details

  • 0.77

Parking

  • Paved Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 22 Bathrooms

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Oven or Range
  • 0.77 Acre Lot

Community Details

  • No Home Owners Association
  • 22 Units
  • Osborn Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-136-202-299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,948

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Complex
  • Property Type: Residential Income
  • Year Built: 1987
  • Co List Office Mls Id: LCNSRE
  • Co List Office Phone: (575) 522-3698
  • Co List Office Mls Id: LCNSRE
  • Subdivision Name: Osborn Park Subdivision
  • Directions: Missouri to Espina , or University to Espina. Property is on the corner of corner of Parkview and Espina.
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 44

Exterior Features

  • Roof: Shingle
  • Acres: 0.77
  • Construction Type: Frame, Stucco

Garage/Parking

  • Parking Features: Paved Area

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-136-202-299
  • Lot Dimensions: .76 to 1 AC
  • Lot Size Sq Ft: 33541

Multi Family

  • Number Of Units Total: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2020
Closed on
Mar 12, 2021
Sold by
Stinson Llc
Bought by
Walker Family Trust and Walker
Seller's Agent
Jeremiah Lay
BHGRE Steinborn & Associates
Buyer's Agent
Jeremiah Lay
BHGRE Steinborn & Associates
List Price
$1,170,000
Current Estimated Value
$995,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Outstanding Balance
$1,861,542
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
-$312,542

Purchase Details

Closed on
Nov 26, 2002
Sold by
Goodsight Inc
Bought by
Stinson Llc

Purchase Details

Closed on
Feb 27, 2001
Sold by
Massey Gary and Massey Marnie
Bought by
Goodsight Inc
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
Walker Family Trust -- Dona Ana Title Company
Stinson Llc -- --
Goodsight Inc -- Southwestern Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Family Trust $2,058,000
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 -- -- --
03/20/2021 03/20/21 Sold -- -- --
10/05/2020 10/05/20 Pending -- -- --
09/20/2020 09/20/20 For Sale $1,170,000 -- $77 / 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
2024 $11,948 $392,256 $36,148 $356,108
2023 $11,778 $380,831 $36,148 $344,683
2022 $11,945 $380,831 $36,148 $344,683
2021 $8,590 $274,820 $36,133 $238,687
2020 $8,635 $274,820 $36,133 $238,687
2019 $8,407 $266,816 $36,133 $230,683
2018 $8,355 $266,816 $36,133 $230,683
2017 $7,446 $259,045 $36,133 $222,912
2016 $7,326 $251,500 $41,633 $209,867
2015 $7,365 $754,552 $124,947 $629,605
2014 $7,253 $743,400 $123,100 $620,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeremiah Lay

    BHGRE Steinborn & Associates

    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Steve Mims

    BHGRE Steinborn & Associates

    Section Image
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Map

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

MLS Number: 2002610

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

APN: 02-11808

New Mexico Dona Ana County Las Cruces 88001 El Paseo

1800 S Espina St, Las Cruces, NM

This home is located at 1800 S Espina St, Las Cruces, NM 88001 since 20 September 2020 and is currently estimated at $995,616, approximately $65 per square foot. This property was built in 1987. 1800 S Espina St is a home located in Dona Ana County with nearby schools including Valley View Elementary School, Lynn Middle School, and Las Cruces 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.

Southern New Mexico MLS (Las Cruces Association of REALTORS®) The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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