NOT LISTED FOR SALE

2510 S Espina St Las Cruces, NM 88001

El Paseo Neighborhood

Estimated Value: $845,206

20 Beds
20 Baths
2,471 Sq Ft
$342/Sq Ft Est. Value

Last Sold October 13, 2020

Current estimated payment $5,068/month

33 Days on Market

Highlights

  • 0.96 Acre Lot
  • Evaporated cooling system
  • Heating Available
  • No HOA

About This Home

As of October 2020

Great Investment Property in excellent condition located 2 blocks from NMSU. Property is 20 studio type apartments located within walking distance of NMSU. Units have some furnishings so almost turn key for residents. Property has solar panels owned by seller to help reduce cost. Property pays all utilities and rents range from $400 - $700 per month per unit. Great historical occupancy. Property is made up of two parcels, 2510 & 2530 Espina and will be sold together. Properties will not be sold separately. Tenants are not to be disturbed.

Last Agent to Sell the Property

Alan Chastine

Pinnacle Management Group License #13200 Listed on: 07/02/2020

Last Buyer's Agent

David Clarke

NM Apartment Advisors Inc. License #13711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,980

Year Built

  • Built in 1910

Lot Details

  • 0.96

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Stucco
  • Adobe

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Utilities

  • Refrigerated Cooling System
  • Evaporated cooling system
  • Heating Available

Additional Features

  • Oven or Range
  • 0.96 Acre Lot

Community Details

  • No Home Owners Association
  • 20 Units
  • Lester Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-137-336-037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,980

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Year Built: 1910
  • Co List Office Mls Id: LCNPIP
  • Subdivision Name: Lester Addition
  • Directions: North off University on Espina, two blocks from NMSU on west side of Espina.
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 20

Exterior Features

  • Roof: Asphalt, Shingle
  • Acres: 0.96
  • Construction Type: Adobe, Stucco

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Electric
  • Cooling: Evaporative Central, Refrigerated Window
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-137-336-037
  • Lot Dimensions: 1.01 to 1.5 AC
  • Lot Size Sq Ft: 41818

Multi Family

  • Number Of Units Total: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 9, 2020
Sold by
Espina Place Llc
Bought by
Edge Capital Iii Llc
Seller's Agent
Alan Chastine
Pinnacle Management Group
Buyer's Agent
David Clarke
NM Apartment Advisors Inc.
List Price
$993,500
Current Estimated Value
$845,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2019
Sold by
Bcf Properties Limited Partnership
Bought by
Espina Place Llc

Purchase Details

Closed on
Jan 18, 2000
Sold by
Francis Robert W and Binneweg Nancy
Bought by
Bcf Properties Ltd Partnership
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
Edge Capital Iii Llc -- Las Cruces Abstract
Espina Place Llc -- None Available
Bcf Properties Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaparro Street Llc $1,040,000
Closed Edge Capital Iii Llc $729,750
Closed Edge Capital Iii Llc $729,750
Previous Owner Bcf Properties Limited Partner $386,944
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2023 12/24/23 Off Market -- -- --
02/28/2021 02/28/21 Off Market -- -- --
10/13/2020 10/13/20 Sold -- -- --
08/04/2020 08/04/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $993,500 -- $402 / 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 $5,980 $196,342 $41,818 $154,524
2023 $3,017 $97,562 $41,818 $55,744
2022 $3,060 $97,562 $41,818 $55,744
2021 $3,050 $97,562 $41,818 $55,744
2020 $3,093 $98,427 $41,818 $56,609
2019 $2,204 $69,937 $41,833 $28,104
2018 $2,190 $69,937 $41,833 $28,104
2017 $2,010 $69,937 $41,833 $28,104
2016 $1,978 $67,900 $47,333 $20,567
2015 $994 $203,711 $141,999 $61,712
2014 $979 $200,700 $139,900 $60,800
Source: Public Records

Agents Affiliated with this Home

  • Alan Chastine

    Seller's Agent in 2020

    Alan Chastine

    Pinnacle Management Group

    (575) 496-3122

    1 in this area

    1 Total Sale

    Alan Chastine
    Section Image

  • D

    Buyer's Agent in 2020

    David Clarke

    NM Apartment Advisors Inc.

See All Agents

Map

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

MLS Number: 2001397

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

APN: 02-13187

New Mexico Dona Ana County Las Cruces 88001 El Paseo

2510 S Espina St, Las Cruces, NM

This home is located at 2510 S Espina St, Las Cruces, NM 88001 since 02 July 2020 and is currently estimated at $845,206, approximately $342 per square foot. This property was built in 1910. 2510 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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