NOT LISTED FOR SALE

2650 Fairway Dr Las Cruces, NM 88011

Estimated Value: $252,000 - $430,654

8 Beds
6 Baths
3,646 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 03, 2016

Current estimated payment $2,055/month

15 Days on Market

Highlights

  • No HOA
  • Evaporated cooling system
  • Stone Wall

About This Home

As of November 2016

Built in 1981 the four-plex at 2650 Fairway Drive has enjoyed a very long 100% occupancy. The property consists of two units that are two bedrooms and two bathrooms. The other two units are two bedrooms and 1 bath. The four units do have a back patio. Each unit also has a small storage unit for your Tenants. The property has had the same owner since 1994. The location is very good for New Mexico University, Memorial Medical Center and shopping. The property has plenty of on-site parking and plenty of street parking. The apartments are in very good shape on the inside and have been kept up by licenses contractors. According to the market area the rents are a little under market rents. The square footage of the larger units is 945 and the smaller units are 878. The total square footage is 3646. The 13,175 square foot lot is completely landscaped with easy maintenance desert landscaping. 2015 CAP Rate was 9.55%

Last Agent to Sell the Property

Tom Whatley

BHGRE Steinborn & Associates License #20122 Listed on: 09/12/2016

BHGRE Steinborn & Associates

Last Buyer's Agent

Gary Sandler

Gary Sandler Inc., Realtors License #15204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,355

Lot Details

  • 0.3 Acre Lot
  • Stone Wall
  • Back Yard Fenced

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Flat Roof Shape

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bathrooms

Utilities

  • Evaporated cooling system
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number R0215385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,355

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Co List Office Mls Id: LCNSRE
  • Directions: Telshor South to Fairway Drive. East on Fairway Drive to 2650. There is no for sale sign.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator

Exterior Features

  • Roof: Flat
  • Acres: 0.3
  • Construction Type: Slump Block

Garage/Parking

  • Parking Features: Paved Area

Utilities

  • Heating: Gas
  • Cooling: Evaporative Central
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: R0215385
  • Fencing: Back Yard, Rock
  • Lot Dimensions: .25 to .50 AC
  • Lot Size Sq Ft: 13175

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2016
Closed on
Oct 31, 2016
Sold by
Willson Lamont A and Willson Lynda M
Bought by
Zemek Benjamin and Zemek Rebecca
Seller's Agent
Tom Whatley
BHGRE Steinborn & Associates
Buyer's Agent
Gary Sandler
Gary Sandler Inc., Realtors
List Price
$249,000
Current Estimated Value
$341,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Outstanding Balance
$149,454
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$218,184

Purchase Details

Closed on
Aug 1, 2006
Sold by
Willson Lamont A and Willson Lynda M
Bought by
Willson Lamont A and Willson Lynda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1998
Sold by
Willson Family Trust
Bought by
Willson Lamont A and Willson Lynda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,300
Interest Rate
6.69%
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
Zemek Benjamin -- Las Cruces Abstract & Title
Willson Lamont A -- Dona Ana Title Company
Willson Lamont A -- Dona Ana Title Company
Willson Lamont A -- Dona Ana Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zemek Benjamin $183,750
Previous Owner Willson Lamont A $59,500
Previous Owner Willson Lamont A $59,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2023 12/24/23 Off Market -- -- --
03/05/2021 03/05/21 Off Market -- -- --
11/03/2016 11/03/16 Sold -- -- --
09/27/2016 09/27/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $249,000 -- $68 / 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 $2,355 $77,310 $10,833 $66,477
2023 $2,321 $75,059 $10,833 $64,226
2022 $2,286 $72,873 $10,833 $62,040
2021 $2,212 $70,750 $10,833 $59,917
2020 $2,223 $70,750 $10,833 $59,917
2019 $2,229 $70,750 $10,833 $59,917
2018 $2,216 $70,750 $10,833 $59,917
2017 $2,034 $70,750 $10,833 $59,917
2016 $1,772 $60,834 $20,367 $40,467
2015 $1,781 $182,497 $61,103 $121,394
2014 $1,754 $179,800 $60,200 $119,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tom Whatley

    BHGRE Steinborn & Associates

    Section Image
  • Gary Sandler

    Buyer's Agent in 2016

    Gary Sandler

    Gary Sandler Inc., Realtors

    (575) 642-0032

    90 Total Sales

    Gary Sandler
    Section Image
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Map

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

MLS Number: 1602508

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

APN: 02-15385

New Mexico Dona Ana County Las Cruces 88011

2650 Fairway Dr, Las Cruces, NM

This home is located at 2650 Fairway Dr, Las Cruces, NM 88011 since 12 September 2016 and is currently estimated at $341,327, approximately $93 per square foot. 2650 Fairway Dr is a home located in Dona Ana County with nearby schools including Hillrise Elementary School, Lynn Middle School, and Centennial 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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