NOT LISTED FOR SALE

508 3rd St SW Albuquerque, NM 87102

Barelas Neighborhood

Estimated Value: $331,000 - $380,730

4 Beds
1.5 Baths
1,979 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 31, 2024

Current estimated payment $2,098/month

7 Days on Market

Highlights

  • Wooded Lot
  • Attic
  • Refrigerated Cooling System
  • Albuquerque High School Rated A-
  • Double Pane Windows
  • Patio

About This Home

As of May 2024

Take advantage of below bank rates Seller Finance available - Great Work from home property - Downtown Albuquerque - is a former mixed-use live in beauty salon. The prior owners lived in the back and upstairs with the front room set up as a salon. The current owners lived here for one year then converted it to a short term rental.There is a unique epoxy flooring material on the first floor making cleaning a breeze. The current configuration is 3 bedrooms downstairs with a full primary suite upstairs. All of the appliances will stay with the house including the washer and dryer. The 2 sheds in back will stay with the house. The house is near downtown, UNM, Isotopes Park, shopping, dining, and more.

Last Agent to Sell the Property

Joshua Christensen

Realty One of New Mexico License #20522 Listed on: 04/30/2024

Realty One of New Mexico

Last Buyer's Agent

Greg Kaufman

EXP Realty LLC License #54103

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,780

Year Built

  • Built in 1937

Lot Details

  • 4,356 Sq Ft Lot
  • West Facing Home
  • Back Yard Fenced
  • Landscaped
  • Wooded Lot
  • Zoning described as MX-L*

Home Design

  • Frame Construction
  • Pitched Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,979 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Carpet
  • Attic

Kitchen

  • Free-Standing Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed

Schools

  • Dolores Gonzales Elementary School
  • Washington Middle School
  • Albuquerque High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101405718726433617

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,780

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: Gold to 3rd St. South on 3rd to house on left.
  • Year Built: 1937
  • Lot Size Acres: 0.1
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Carpet Free
  • Appliances: Dryer, Free-Standing Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Attic, Ceiling Fan(s), Shower Only, Separate Shower
  • Stories: 2
  • Basement YN: No
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Living Area: 1979.0
  • Window Features: Double Pane Windows, Insulated Windows, Vinyl

Exterior Features

  • Exterior Features: Fence, Private Yard
  • Roof: Metal, Pitched
  • Fencing: Back Yard
  • Lot Features: Landscaped, Trees, Alley
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Direction Faces: West
  • Other Structures: Shed(s), Storage
  • Patio And Porch Features: Open, Patio
  • Property Condition: Resale

Utilities

  • Cooling: Refrigerated
  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Electric Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Dolores Gonzales
  • High School: Albuquerque
  • Middle Or Junior School: Washington

Green Features

  • Green Power: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 101405718726433617
  • Zoning Description: MX-L*

Tax Info

  • Tax Annual Amount: 2779.84

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
May 29, 2024
Sold by
Garcia Gabriel E
Bought by
Oakey Adam
Seller's Agent
Joshua Christensen
Realty One of New Mexico
Buyer's Agent
Greg Kaufman
EXP Realty LLC
List Price
$345,000
Views
13
Current Estimated Value
$356,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%

Purchase Details

Listed on
Aug 19, 2020
Closed on
Mar 4, 2021
Sold by
Garcia Gabriel E and Garcia Ruth
Bought by
Garcia Gabriel E
Seller's Agent
Mella Morrison
Red Apple Realty
Buyer's Agent
Joshua Christensen
Realty One of New Mexico
List Price
$199,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.89%
Original Mortgage
$186,199
Outstanding Balance
$166,535
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$189,898

Purchase Details

Closed on
Nov 7, 2008
Sold by
Montoya Elizabeth P and Montoya Joseph T
Bought by
Montoya Josephine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2008
Sold by
Perez Frank
Bought by
Mantaya Josephine E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Oakey Adam -- None Listed On Document
Garcia Gabriel E -- First American Title Ins Co
Garcia Gabriel E -- First American Title Ins Co
Montoya Josephine E -- None Available
Montoya Elizabeth P -- None Available
Mantaya Josephine E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Gabriel E $186,199
Previous Owner Montoya Josephine E $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2024 05/31/24 Sold -- -- --
05/08/2024 05/08/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $345,000 +72.5% $174 / Sq Ft
03/05/2021 03/05/21 Sold -- -- -- View Prior Sale
01/21/2021 01/21/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $199,999 0.0% $102 / Sq Ft
01/12/2021 01/12/21 Price Changed $199,999 -13.0% $102 / Sq Ft
12/24/2020 12/24/20 Off Market -- -- --
09/23/2020 09/23/20 Price Changed $230,000 -8.0% $117 / Sq Ft
08/19/2020 08/19/20 For Sale $250,000 -- $127 / 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
2025 $2,831 $93,157 $14,432 $78,725
2024 $2,831 $58,670 $5,287 $53,383
2023 $2,780 $56,961 $5,133 $51,828
2022 $2,940 $61,761 $5,133 $56,628
2021 $962 $20,293 $5,133 $15,160
2020 $973 $20,293 $5,133 $15,160
2019 $973 $20,293 $5,133 $15,160
2018 $967 $20,293 $5,133 $15,160
2017 $2,743 $20,293 $5,133 $15,160
Source: Public Records

Agents Affiliated with this Home

  • Joshua Christensen

    Seller's Agent in 2024

    Joshua Christensen

    Realty One of New Mexico

    (505) 250-1944

    2 in this area

    30 Total Sales

    Joshua Christensen
    Section Image

  • G

    Buyer's Agent in 2024

    Greg Kaufman

    EXP Realty LLC

    (505) 227-3955

    1 in this area

    21 Total Sales

    Greg Kaufman
    Section Image
  • Mella Morrison

    Seller's Agent in 2021

    Mella Morrison

    Red Apple Realty

    (505) 459-6419

    3 in this area

    132 Total Sales

    Mella Morrison
    Section Image
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Map

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

MLS Number: 1061672

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-057-187264-3-36-17

New Mexico Bernalillo County Albuquerque 87102 Barelas

508 3rd St SW, Albuquerque, NM

Not Listed for Sale

Detached

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