$620,000
SOLD NOV 15, 2024
Last list price

274 Camino Arco Iris Corrales, NM 87048

3 Beds
2 Baths
2,856 Sq Ft
0.75 Acres

Recently Sold

$217 Per Sq Ft

78 Days on Market

Highlights

  • Horses Allowed On Property
  • Spa
  • Wooded Lot
  • Corrales Elementary School Rated A-
  • Custom Home
  • Outdoor Fireplace

About This Home

As of November 2024

Brimming with character and rustic charm THIS adobe casa has 14'' walls, bancos, vigas, portals and brick floors. Four stained glass windows from a convent in Belen. The facade on the northeast end of the home is a replica of the historic Las Trampas mission church with a portion of the altar rail from the old San Ysidro Church in Corrales fronting the balcony. Carolina poplars, locusts, Arizona cypress, desert willows, almond, apricot, ditch plum and pomegranate surround the house while high desert pear and cholla cactus, chamisa and sage grace the remaining property with considerable bird life. Huge Heated Studio+ Heated Storage and two 220 Outlets + Sink. Two Solar Gates + a Man Gate join a perimeter fence. New Septic Tank & Drain Field to be installed! Home to convey ''as is''.

Last Agent to Sell the Property

Ann Taylor

Corrales Realty License #18842 Listed on: 07/21/2024

Last Buyer's Agent

Ann Taylor

Corrales Realty License #18842 Listed on: 07/21/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,792

Year Built

  • Built in 1971

Lot Details

  • 0.75 Acre Lot
  • East Facing Home
  • Private Entrance
  • Gated Home
  • Property is Fully Fenced
  • Landscaped
  • Wooded Lot
  • Garden
  • Zoning described as A-1

Home Design

  • Custom Home
  • Pueblo Architecture
  • Frame Construction
  • Tar and Gravel Roof
  • Membrane Roofing
  • Rubber Roof
  • Stucco
  • Adobe

Interior Spaces

  • 2,856 Sq Ft Home
  • Property has 1 Level
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Thermal Windows
  • Wood Frame Window
  • Casement Windows
  • Multiple Living Areas
  • Open Floorplan
  • Loft
  • Utility Room
  • Security Gate
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Free-Standing Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler

Flooring

  • Brick
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Balcony
  • Covered patio or porch
  • Outdoor Water Feature
  • Outdoor Fireplace
  • Outdoor Storage

Schools

  • Corrales Elementary School
  • Taylor Middle School
  • Cibola High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Private Water Source
  • Well
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • Built by Reed
  • Casas De La Tierra Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1015068284165

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,792

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: From Loma Larga and West Ella travel north to Camino Arco Iris. Turn left and travel west to 274 Camino Arco Iris on your right.
  • Listing Contract Date: 2024-07-17
  • Year Built: 1971
  • Horses: Yes
  • Lot Size Acres: 0.75
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Casas De La Tierra
  • Architectural Style: Custom, Pueblo
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: Brick, Tile
  • Appliances: Dryer, Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Wine Cooler, Washer
  • Interior Amenities: Breakfast Area, Family/Dining Room, Hot Tub/Spa, Jetted Tub, Loft, Living/Dining Room, Multiple Living Areas, Main Level Primary, Shower Only, Separate Shower, Utility Room
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Accessibility Features: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Custom, Kiva, Wood Burning, Outside
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 2856.0
  • Window Features: Casement Window(s), Single Pane, Thermal Windows, Wood Frames
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Balcony, Fully Fenced, Private Entrance, Water Feature
  • Roof: Membrane, Rubber, Tar/Gravel
  • Fencing: Gate
  • Lot Features: Garden, Landscaped, Trees, Views
  • Pool Private: No
  • View: Yes
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure, Restricted
  • Builder Name: Reed
  • Construction Type: Adobe, Frame, Stucco
  • Direction Faces: East
  • Other Structures: Storage
  • Patio And Porch Features: Balcony, Covered, Patio
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Baseboard, Hot Water, Natural Gas
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Private, Well
  • Laundry Features: Electric Dryer Hookup
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Schools

  • Elementary School: Corrales
  • High School: Cibola
  • Middle Or Junior School: Taylor

Green Features

  • Green Power: None

Lot Info

  • Current Use: Horses
  • Land Lease: No
  • Lot Size Sq Ft: 32670.0
  • Parcel #: 1015068284165
  • Zoning Description: A-1

Tax Info

  • Tax Annual Amount: 1791.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2024
Closed on
Nov 15, 2024
Sold by
Philip And Mariana R Gasteyer Trust and Gasteyer Philip
Bought by
Sussman Paula
Seller's Agent
Ann Taylor
Corrales Realty
Buyer's Agent
Ann Taylor
Corrales Realty
List Price
$620,000
Sold Price
$480,000
Premium/Discount to List
-$140,000
-22.58%
Total Days on Market
78
Views
130
Current Estimated Value
$532,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,138
Avg. Annual Appreciation
19.46%

Purchase Details

Closed on
Sep 20, 2017
Sold by
Gasteyer Philip and Gasteyer Mariana R
Bought by
Gasteyer Philip and Gasteyer Mariana R
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Warranty Deed -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold -- -- --
10/08/2024 10/08/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $620,000 0.0% $217 / Sq Ft
08/29/2024 08/29/24 Price Changed $620,000 -4.6% $217 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
07/21/2024 07/21/24 For Sale $650,000 -- $228 / Sq Ft
Source: Southwest MLS (Greater Albuquerque 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
2023 $1,755 $55,901 $14,441 $41,460
2022 $1,702 $54,273 $14,307 $39,966
2021 $1,685 $52,692 $14,100 $38,592
2020 $1,634 $51,157 $0 $0
2019 $1,496 $49,668 $0 $0
2018 $1,438 $48,221 $0 $0
2017 $1,318 $46,817 $0 $0
2016 $1,479 $45,454 $0 $0
2014 $1,390 $44,130 $0 $0
2013 -- $40,845 $12,954 $27,891
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1067308

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-015-068-284-165