NOT LISTED FOR SALE

216 N Court Ave Farmington, NM 87401

Estimated Value: $242,574 - $310,000

-- Bed
4 Baths
1,920 Sq Ft
$144/Sq Ft Est. Value

Last Sold July 15, 2022

Current estimated payment $1,574/month

About This Home

As of July 2022

Great investment opportunity!! Fourplex building with four separate units. Each unit has 1 bedroom, 1 bathroom, 1 kitchen, and 1 dining room area and living room area. Units 2, 3, and 4 are currently rented at $550/month. Unit 1 is rented at $700/month. Landlord covers water, sewer, and trash. Tenants cover electricity.

Last Agent to Sell the Property

Darin Cahoon

RE/MAX of Farmington License #47191 Listed on: 07/15/2022

RE/MAX of Farmington

Last Buyer's Agent

Doug Pilling

Coldwell Banker Cornerstone License #15623

Coldwell Banker Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,459

Lot Details

  • Property is in good condition

Home Design

  • Quadruplex

Interior Spaces

  • 4 Full Bathrooms
  • 1-Story Property
  • Oven or Range

Schools

  • Animas Elementary School
  • Tibbetts Middle School
  • Farmington High School

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,459

Lot Details

0

Listing Details

  • Home Age: 31 to 50 Years
  • FloodZoneA: Unknown
  • Foreclosed Pre Foreclosed: No
  • Listing Member Name: Darin W Cahoon
  • Listing Office Short Id: 51
  • Number Of Stories: One
  • PendingForeclosure: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: dougp
  • Property Sub Type: Four Plex
  • UtilSvcInclRent: Sewer, Trash Collection, Water
  • Special Features: None

Interior Features

  • Appliances: Oven/Range, Refrigerator
  • Basement Bathrooms: 4.00

Exterior Features

  • Property Condition: Good

Condo/Co-op/Association

  • Units in Building: 4

Schools

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

Lot Info

  • Lot Size: .179
  • Zoning: Multi-Fam Med Dens

Multi Family

  • Number Of1 Bedroom Units: 4.00
  • Total Full Baths: 4

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2022
Sold by
Winblad James Bret
Bought by
Bk Holdings Llc
Current Estimated Value
$275,894

Purchase Details

Listed on
Jul 15, 2022
Closed on
Jul 15, 2022
Sold by
North Court Properties Llc
Bought by
Winblad James
Seller's Agent
Darin Cahoon
RE/MAX of Farmington
Buyer's Agent
Doug Pilling
Coldwell Banker Cornerstone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.93%
Original Mortgage
$200,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2022
Sold by
Hodges Eric W and Hodges Frances Carlyn
Bought by
North Court Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,140
Interest Rate
3.76%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 2, 2014
Sold by
Dice Properties Llc
Bought by
Hodges Eric and Carlyn Hodges F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2011
Sold by
Burns Mike F and Burns Dana L
Bought by
Dice Properties Llc

Purchase Details

Closed on
Mar 18, 2009
Sold by
Bell Jeff
Bought by
Sabelman Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 8, 2008
Sold by
Marshall Gregory A
Bought by
Burns Mike F and Burns Dana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
5.86%
Mortgage Type
Commercial
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
Bk Holdings Llc -- None Listed On Document
Winblad James $266,000 None Listed On Document
North Court Properties Llc $236,926 None Listed On Document
Hodges Eric -- None Available
Dice Properties Llc -- Nmtc
Burns Mike F -- None Available
Sabelman Justin $150,000 None Available
Burns Mike F -- Nmtc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winblad James $200,000
Previous Owner North Court Properties Llc $178,140
Previous Owner Hodges Eric $112,000
Previous Owner Sabelman Justin $150,000
Previous Owner Burns Mike F $118,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 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 $1,459 $61,381 $0 $0
2023 $1,459 $59,593 $0 $0
2022 $1,050 $43,659 $0 $0
2021 $1,011 $42,388 $0 $0
2020 $1,019 $42,849 $0 $0
2019 $1,144 $48,331 $0 $0
2018 $1,124 $48,331 $0 $0
2017 $1,109 $48,331 $0 $0
2016 $1,104 $48,331 $0 $0
2015 $1,085 $48,331 $0 $0
2014 $902 $39,918 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darin Cahoon

    Seller's Agent in 2022

    Darin Cahoon

    RE/MAX

    (505) 608-0731

    131 Total Sales

    Darin Cahoon
    Section Image

  • D

    Buyer's Agent in 2022

    Doug Pilling

    Coldwell Banker Cornerstone

    (877) 325-7788

    37 Total Sales

    Doug Pilling
    Section Image
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Map

Source: San Juan County Board of REALTORS®

MLS Number: 22-623

APN: 0033983

New Mexico San Juan County Farmington 87401

216 N Court Ave, Farmington, NM

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