$1,335,114
SOLD APR 15, 2019
Last list price

200 Hermosa Dr NE Albuquerque, NM 87108

Nob Hill Neighborhood
-- Bed
1 Bath
11,369 Sq Ft
0.46 Acres

Recently Sold

$117 Per Sq Ft

50 Days on Market

Highlights

  • 0.46 Acre Lot
  • Two cooling system units
  • CRI Green Label Plus Certified Carpet
  • Monte Vista Elementary School Rated A-
  • Landscaped

About This Home

As of April 2019

This is the first time this property has been available since 1994.The property, 200 Hermosa NE, occupies a full block from Hermosa to Solano on the north side of Copper and has a high walk (91), bike (99), and transit (41) scores (note - the property is about 300' north of the new ART Stop).At the ask price of $1,355,114 and an average rent of $517, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.85%, a price per unit of $63,577, a price per square foot of $117.42 and a before tax IRR of 17.50%.If rents were raised to market of 658, the measure of investment performance improve to a cap rate of 8.08%, and a cash on cash of 10.71%.Owner is open to seller financing, with a down payment of no less than 25%, interest rate of 6%, a 30 year amort, 5

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 11/27/2018

Last Buyer's Agent

Elizabeth Beraun

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,751

Year Built

  • Built in 1977

Lot Details

  • 0.46 Acre Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Frame Construction

Interior Spaces

  • 1 Bathroom
  • 11,369 Sq Ft Home
  • Property has 2 Levels
  • CRI Green Label Plus Certified Carpet

Utilities

  • Two cooling system units
  • Multiple Heating Units

Community Details

  • 21 Units
  • 11,369 Sq Ft Building
  • College View Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101705705327020224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,751

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and Carlisle, south on Carlisle, to Copper, east to property.
  • Listing Contract Date: 2018-11-27
  • Year Built: 1977
  • Lot Size Acres: 0.46
  • Subdivision Name: College View Add
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 2
  • Basement YN: No
  • Living Area: 11369.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: 2 Units
  • Heating: Multiple Heating Units
  • Utilities: Municipal Utilities
  • Cooling Y N: Yes

Lot Info

  • Lot Size Sq Ft: 20038.0
  • Additional Parcels: Yes
  • Parcel #: 101705705327020224
  • Zoning Description: MX-T*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 21

Tax Info

  • Tax Annual Amount: 5751.0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2019 04/15/19 Sold -- -- --
01/16/2019 01/16/19 Pending -- -- --
11/27/2018 11/27/18 For Sale $1,335,114 -- $117 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2019

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    3 in this area

    229 Total Sales

    Todd Clarke
    Section Image

  • E

    Buyer's Agent in 2019

    Elizabeth Beraun

    RE/MAX

See All Agents

Map

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

MLS Number: 933102

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-017-057-053-270-2-02-24

New Mexico Bernalillo County Albuquerque 87108 Nob Hill

200 Hermosa Dr NE, Albuquerque, NM

This home is located at 200 Hermosa Dr NE, Albuquerque, NM 87108 and is currently priced at $1,335,114, approximately $117 per square foot. This property was built in 1977. 200 Hermosa Dr NE is a home located in Bernalillo County with nearby schools including Monte Vista Elementary School, Jefferson Middle School, and Highland 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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