NOT LISTED FOR SALE

507 Madeira Dr NE Albuquerque, NM 87108

Fairgrounds Neighborhood

Estimated Value: $280,000 - $318,000

3 Beds
2 Baths
1,727 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 20, 2020

Current estimated payment $1,881/month

33 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Double Pane Windows
  • Zia Elementary School Rated A-
  • Multiple Living Areas
  • 5-minute walk to Fox Memorial Park

About This Home

As of March 2020

Look at this Brick Beauty with a Mid-Century Vibe....Two living areas, awesome brick corner fireplace, custom ceiling, wood siding, crown moulding, newer thermal windows, (hardwood flooring under the carpet, check the hall closet for a view) sunroom/workshop, two car carport with storage shed. The cozy kitchen has partially updated cabinets/countertops, stainless appliances, wood kitchen cabinets, large laundry/pantry. Do not wait on this GEM!

Last Agent to Sell the Property

Leanna Chavez

Realty One of New Mexico Listed on: 01/13/2020

Last Buyer's Agent

Keila Rayon

Homewise License #46810

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 1959

Lot Details

  • 6,011 Sq Ft Lot
  • East Facing Home
  • Landscaped
  • Partial Sprinkler System

Parking

  • 2 Carport Spaces

Home Design

  • Midcentury Modern Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 1,727 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Multiple Living Areas
  • Free-Standing Gas Range
  • Washer and Gas Dryer Hookup

Flooring

  • Wood
  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Outdoor Storage

Schools

  • Zia Elementary School
  • Jefferson Middle School
  • Highland School

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101805704834021803

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,198

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: From San Mateo and Lomas South to Grande. East To Madeira. North to Home.
  • Listing Contract Date: 2020-01-12
  • Year Built: 1959
  • Lot Size Acres: 0.14
  • Architectural Style: Mid-Century Modern
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Year Built Details: 61 - 70
  • Property Sub Type Additional: Detached
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Free-Standing Gas Range, Refrigerator
  • Interior Amenities: Multiple Living Areas, Main Level Master
  • Stories: 1
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1727.0
  • Window Features: Double Pane Windows, Insulated Windows, Vinyl
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Storage
  • Roof: Pitched, Shingle
  • Lot Features: Landscaped, Sprinklers Partial
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Brick, Brick Veneer, Frame
  • Direction Faces: East
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 2.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Zia
  • High School: Highland
  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 6011.28
  • Parcel #: 101805704834021803
  • Zoning Description: R-1

Tax Info

  • Tax Annual Amount: 2198.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2020
Closed on
Mar 20, 2020
Sold by
Meier Edward and Meier Mary Beth
Bought by
Kolopajlo Lynn M
Seller's Agent
Leanna Chavez
Realty One of New Mexico
Buyer's Agent
Keila Rayon
Homewise
List Price
$195,723
Current Estimated Value
$306,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
Original Mortgage
$149,200
Outstanding Balance
$132,459
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$173,675

Purchase Details

Listed on
Jan 3, 2018
Closed on
Mar 6, 2018
Sold by
Bachechi Mark G
Bought by
Meier Edward and Meier Mary Beth
Seller's Agent
Dawn Chadwell
Your Home Sold Real Estate
Buyer's Agent
Patricia Nadler
Keller Williams Realty
List Price
$169,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$16,050
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2013
Sold by
Bachechi Oreste J
Bought by
Bachechi Oreste J and Bachechi Mark G
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
Kolopajlo Lynn M -- Old Republic Title Company
Kolopajlo Lynn M -- Old Republic Title Company
Meier Edward -- Old Republic Natl Title Ins
Bachechi Oreste J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolopajlo Lynn M $149,200
Closed Kolopajlo Lynn M $149,200
Previous Owner Meier Edward $16,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold -- -- --
02/15/2020 02/15/20 Pending -- -- --
01/29/2020 01/29/20 Price Changed $189,537 -3.2% $110 / Sq Ft
01/13/2020 01/13/20 For Sale $195,723 +15.2% $113 / Sq Ft
03/06/2018 03/06/18 Sold -- -- --
02/02/2018 02/02/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $169,900 -- $99 / 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 $2,710 $66,228 $7,213 $59,015
2023 $2,662 $64,300 $7,003 $57,297
2022 $2,570 $62,427 $6,799 $55,628
2021 $2,560 $62,460 $6,799 $55,661
2020 $2,176 $52,728 $6,799 $45,929
2019 $2,198 $53,261 $6,799 $46,462
2018 $2,199 $53,261 $6,799 $46,462
2017 $2,128 $53,611 $7,430 $46,181
2016 $2,065 $50,533 $7,003 $43,530
2015 $49,061 $49,061 $6,799 $42,262
2014 $1,848 $49,528 $6,799 $42,729
2013 -- $49,143 $8,612 $40,531
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Leanna Chavez

    Realty One of New Mexico

  • K

    Buyer's Agent in 2020

    Keila Rayon

    Homewise

  • Dawn Chadwell

    Seller's Agent in 2018

    Dawn Chadwell

    Your Home Sold Real Estate

    (254) 426-5919

    79 Total Sales

    Dawn Chadwell
    Section Image

  • P

    Buyer's Agent in 2018

    Patricia Nadler

    Keller Williams Realty

See All Agents

Map

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

MLS Number: 960412

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-018-057-048340-2-18-03

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

507 Madeira Dr NE, Albuquerque, NM

This home is located at 507 Madeira Dr NE, Albuquerque, NM 87108 since 13 January 2020 and is currently estimated at $306,134, approximately $177 per square foot. This property was built in 1959. 507 Madeira Dr NE is a home located in Bernalillo County with nearby schools including Zia 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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