NOT LISTED FOR SALE

507 Freeman Ave NW Albuquerque, NM 87107

Estimated Value: $216,000 - $260,985

3 Beds
1 Bath
1,005 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 09, 2023

Current estimated payment $1,480/month

21 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Evaporated cooling system
  • Breakfast Area or Nook
  • Covered Courtyard
  • Bungalow

About This Home

As of November 2023

Cute home and rental opportunity in the heart of the North Valley. Seller will consider REC financing with substantial down payment.....contact listing broker for more information. Two homes on one spacious lot that have been successful rentals for many years and have separate gas and electric meters. Recent improvements include restoration of some original hardwood floors, fresh paint, new air conditioner, appliances, and carpeting in 2023. The house is three bedrooms with one full bath and is approximately 1000 SF. The 462 SF casita recently sustained limited fire damage (mostly at West end of building) and is not being counted in the total square footage. The seller will not be renovating the space or making repairs of any kind to either building and have priced it accordingly.

Last Agent to Sell the Property

Channing Kelly

Ida Kelly Realtors License #16728 Listed on: 08/03/2023

Ida Kelly Realtors

Last Buyer's Agent

Tim Nisly

Realty One of New Mexico License #53885

Realty One of New Mexico

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,831

Year Built

  • Built in 1935

Lot Details

  • 5,227 Sq Ft Lot
  • South Facing Home
  • Back Yard Fenced
  • Landscaped
  • Zoning described as R-1B*

Home Design

  • Bungalow
  • Frame Construction
  • Pitched Roof
  • Stucco

Interior Spaces

  • 1,005 Sq Ft Home
  • Property has 1 Level
  • Double Pane Windows
  • Insulated Windows
  • Single Hung Metal Windows
  • Sliding Windows
  • Combination Dining and Living Room
  • Washer and Gas Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Free-Standing Gas Range

Flooring

  • Wood
  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Courtyard

Schools

  • La Luz Elementary School
  • Garfield Middle School
  • Valley High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Community Details

  • Belmont Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101406036045111902

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,831

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: From Griegos and 4th Street * West on Griegos to 5th Street * South (Left) on 5th to Freeman * West (Right) on Freeman To Property On North (Right) Side of Street
  • Listing Contract Date: 2023-08-02
  • Year Built: 1935
  • Lot Size Acres: 0.12
  • Subdivision Name: Belmont Place
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Free-Standing Gas Range, Refrigerator
  • Interior Amenities: Breakfast Area, Living/Dining Room, Main Level Primary
  • Stories: 1
  • Accessibility Features: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 1005.0
  • Window Features: Double Pane Windows, Insulated Windows, Metal, Sliding

Exterior Features

  • Exterior Features: Courtyard, Fence
  • Roof: Pitched
  • Fencing: Back Yard
  • Lot Features: Landscaped
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure, Restricted
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Direction Faces: South
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Natural Gas, Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Gas Dryer Hookup, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: La Luz
  • High School: Valley
  • Middle Or Junior School: Garfield

Green Features

  • Green Power: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: 101406036045111902
  • Zoning Description: R-1B*

Tax Info

  • Tax Annual Amount: 1831.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Nov 8, 2023
Sold by
Rempen Patricia A
Bought by
Enchantment Property Solutions Llc
Seller's Agent
Channing Kelly
Ida Kelly Realtors
Buyer's Agent
Tim Nisly
Realty One of New Mexico
List Price
$215,000
Views
79
Current Estimated Value
$232,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$256,178
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2023
Sold by
Rempen Patricia A
Bought by
Rempen Patricia A and Trisha Ray Trust

Purchase Details

Closed on
Oct 27, 2005
Sold by
Rempen Patricia A and Rempen Patricia
Bought by
Trisha Ray Trust

Purchase Details

Closed on
May 6, 2005
Sold by
Miller Kenneth Ray and Miller Donna Ladean
Bought by
Pempen Patricia
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Enchantment Property Solutions Llc -- Centric Title
Rempen Patricia A -- None Listed On Document
Rempen Patricia A -- --
Trisha Ray Trust -- --
Pempen Patricia -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enchantment Property Solutions $253,000
Closed Enchantment Property Solutions Llc $256,178
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold -- -- --
08/25/2023 08/25/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $215,000 -- $214 / 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
2024 $2,545 $52,728 $13,699 $39,029
2023 $1,934 $39,625 $8,522 $31,103
2022 $1,831 $38,471 $8,274 $30,197
2021 $1,771 $37,351 $8,033 $29,318
2020 $1,739 $36,263 $7,799 $28,464
2019 $1,718 $35,824 $8,778 $27,046
2018 $1,658 $35,824 $8,778 $27,046
2017 $1,599 $34,781 $8,522 $26,259
2016 $1,546 $32,785 $8,033 $24,752
2015 $31,830 $31,830 $7,799 $24,031
2014 $1,484 $31,830 $7,799 $24,031
2013 -- $31,330 $7,799 $23,531
Source: Public Records

Agents Affiliated with this Home

  • Channing Kelly

    Seller's Agent in 2023

    Channing Kelly

    Ida Kelly Realtors

    (505) 991-2739

    13 in this area

    174 Total Sales

    Channing Kelly
    Section Image

  • T

    Buyer's Agent in 2023

    Tim Nisly

    Realty One of New Mexico

    (505) 750-8466

    7 in this area

    59 Total Sales

    Tim Nisly
    Section Image
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Map

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

MLS Number: 1039135

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-060-360451-1-19-02

New Mexico Bernalillo County Albuquerque 87107

507 Freeman Ave NW, Albuquerque, NM

This home is located at 507 Freeman Ave NW, Albuquerque, NM 87107 since 03 August 2023 and is currently estimated at $232,746, approximately $231 per square foot. This property was built in 1935. 507 Freeman Ave NW is a home located in Bernalillo County with nearby schools including Garfield Middle, Valley High School, and Mountain Mahogany Community 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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