NOT LISTED FOR SALE

245 Solano - 3718 Grande Dr NE Albuquerque, NM 87108

Nob Hill Neighborhood
1 Bed
1 Bath
2,362 Sq Ft
7,013 Sq Ft Lot

Last Sold July 30, 2021

259 Days on Market

Highlights

  • Evaporated cooling system
  • Landscaped
  • Property has 1 Level
  • Monte Vista Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of July 2021

Excited to bring back to the market 245 Solano/3708 Grande NE a triplex located on the SW corner of Grande Avenue and Aliso Drive., this property is embedded in an area of nicer single family residences and is biking distance to UNM, CNM, and walking distance to Nob Hill.New to the market and an amazingly rare find the perfect triplex for an owner occupant in the property has high walk (86), bike (93), and transit (48) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the list price of $355,695 and an average rent of $803 (an 8% increase over last fall) the measure of investment performance include a GRM of 12.30, a CAP rate of 5.34%, a price per unit of $118,565, a price per square foot of $150.59.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/30/2020

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,518

Year Built

  • Built in 1945

Lot Details

  • 7,013 Sq Ft Lot
  • Landscaped

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • 2,362 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101705705832320212

Community Details

Overview

  • 3 Units
  • 2,362 Sq Ft Building
  • College View Addition Subdivision

Building Details

  • Operating Expense $8,569
  • Gross Income $25,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,518

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 and Carlisle - south to Grand, East to Solano and the property
  • Listing Contract Date: 2020-08-30
  • Year Built: 1945
  • Lot Size Acres: 0.16
  • Subdivision Name: College View Addition
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 71 - 80
  • Property Sub Type Additional: Triplex
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 2
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2362.0
  • Stories: 1
  • ResoLivingAreaSource: Plans

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 7013.16
  • Parcel #: 101705705832320212
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 25251.0
  • Annual Operating Expense: 8569.0

Tax Info

  • Tax Annual Amount: 2518.18

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold -- -- --
05/16/2021 05/16/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $355,695 0.0% $151 / Sq Ft
05/12/2021 05/12/21 Price Changed $355,695 +28.9% $151 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
08/30/2020 08/30/20 For Sale $276,000 -- $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 2021

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    3 in this area

    225 Total Sales

    Todd Clarke
    Section Image

  • K

    Buyer's Agent in 2021

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    6 in this area

    169 Total Sales

    Kyle Deacon
    Section Image
See All Agents

Map

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

MLS Number: 975996

Southwest MLS (Greater Albuquerque Association of REALTORS®)
New Mexico Bernalillo County Albuquerque 87108 Nob Hill

245 Solano - 3718 Grande Dr NE, Albuquerque, NM

This home is located at 245 Solano - 3718 Grande Dr NE, Albuquerque, NM 87108 since 30 August 2020. This property was built in 1945. 245 Solano - 3718 Grande 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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