NOT LISTED FOR SALE

516 Atlantic Ave SW Albuquerque, NM 87102

Barelas Neighborhood

Estimated Value: $222,000 - $313,000

2 Beds
1 Bath
860 Sq Ft
$298/Sq Ft Est. Value

Last Sold April 17, 2020

Current estimated payment $1,595/month

26 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Forced Air Heating System
  • Albuquerque High School Rated A-
  • Outdoor Storage
  • North Facing Home

About This Home

As of April 2020

GREAT investment potential on this 2 bedroom home in up and coming Barelas community. Homes in this area have been listed as high at $200 per sq/ft! Home has good sized living room, large kitchen, 2 bedrooms and full bath. Oversized lot to do as you wish. Home needs LOTS OF WORK but the savvy investor will see well beyond that. Great for rental or remodel to hold or sell. CASH ONLY--must provide Proof of Funds. No interior access will be allowed for ANY reason. No utility turn-ons prior to closing. Home is currently boarded up due to potential trespassers. No warranties expressed or implied. AS-IS REO property!

Last Agent to Sell the Property

MARY PADILLA

YES! Realty License #18040 Listed on: 02/19/2020

Last Buyer's Agent

Melissa Salinas

Realty One of New Mexico License #49915

Realty One of New Mexico

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Lot Details

  • 8,451 Sq Ft Lot
  • North Facing Home
  • Privacy Fence

Home Design

  • Fixer Upper
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 860 Sq Ft Home
  • Property has 1 Level
  • Single Hung Metal Windows
  • Washer and Gas Dryer Hookup

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Storage

Schools

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

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Phone Available
  • Cable TV Available

Community Details

  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 101405706015231450

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,500

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: I-25 to Lead/Coal exit, travel W on Lead to 4th Street, South on 4th to Atlantic, West on Atlantic to home.
  • Listing Contract Date: 2020-02-18
  • Lot Size Acres: 0.19
  • Road Frontage Type: Public Road
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Year Built Details: 81 - 99
  • Property Sub Type Additional: Detached
  • Special Features: RealEstateOwned

Interior Features

  • Flooring: Carpet, Tile
  • Interior Amenities: Main Level Master
  • Stories: 1
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Living Area: 860.0
  • Window Features: Metal

Exterior Features

  • Exterior Features: Privacy Wall, Storage
  • Roof: Pitched, Shingle
  • Lot Features: Planned Unit Development
  • Pool Private: No
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Property Condition: Fixer, Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • 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: Dolores Gonzales
  • High School: Albuquerque
  • Middle Or Junior School: Washington

Lot Info

  • Current Use: Subdivision
  • Lot Size Sq Ft: 8450.64
  • Parcel #: 101405706015231450
  • Zoning Description: R-1

Tax Info

  • Tax Annual Amount: 1500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2020
Sold by
Esquibel David
Bought by
Ferguson Nu E and Chavez Phillip M
Current Estimated Value
$256,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$141,375
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$90,554

Purchase Details

Closed on
Aug 15, 2019
Sold by
The Secretary Of Veterans Affairs
Bought by
Sun West Mortgage Usa Inc

Purchase Details

Closed on
Apr 9, 2019
Sold by
Sun West Mortgage Company Inc
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Nov 8, 2018
Sold by
Chavez Henry A
Bought by
Sunwest Mortgage Company Inc and Sunwest Mortgage Usa Inc

Purchase Details

Closed on
May 19, 2005
Sold by
Chavez Lodima E and Torres Lodima E
Bought by
Chavez Henry A
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
Ferguson Nu E -- Fidelity National Ttl Ins Co
Sun West Mortgage Usa Inc -- None Available
Secretary Of Veterans Affairs -- Fidelity National Title
Sunwest Mortgage Company Inc -- None Available
Chavez Henry A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferguson Nu E $156,000
Closed Ferguson Nu E $42,600
Previous Owner Chavez Henry A $21,000
Previous Owner Chavez Henry A $118,800
Previous Owner Chavez Henry A $114,155
Previous Owner Chavez Henry A $110,571
Previous Owner Chavez Henry A $113,067
Previous Owner Chavez Henry A $109,350
Previous Owner Chavez Henry A $100,000
Previous Owner Chavez Henry A $79,300
Previous Owner Chavez Henry A $66,750
Previous Owner Torres Lodima $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2020 04/17/20 Sold -- -- --
03/16/2020 03/16/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $90,000 -- $105 / 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 $2,518 $52,182 $7,553 $44,629
2023 $2,472 $50,662 $7,333 $43,329
2022 $2,784 $58,495 $7,333 $51,162
2021 $2,773 $58,495 $7,333 $51,162
2020 $1,645 $34,297 $7,333 $26,964
2019 $1,501 $31,297 $7,333 $23,964
2018 $0 $31,297 $7,333 $23,964
2017 $0 $30,696 $8,920 $21,776
2016 $0 $28,934 $8,408 $20,526
2015 $28,093 $28,093 $8,164 $19,929
2014 -- $27,274 $7,926 $19,348
2013 -- $26,481 $7,696 $18,785
Source: Public Records

Agents Affiliated with this Home

  • MARY PADILLA

    Seller's Agent in 2020

    MARY PADILLA

    YES! Realty

    (505) 440-4878

    70 Total Sales

    MARY PADILLA
    Section Image
  • Melissa Salinas

    Buyer's Agent in 2020

    Melissa Salinas

    Realty One of New Mexico

    (505) 977-4640

    1 in this area

    53 Total Sales

    Melissa Salinas
    Section Image
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Map

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

MLS Number: 962786

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-057-060152-3-14-50

New Mexico Bernalillo County Albuquerque 87102 Barelas

516 Atlantic Ave SW, Albuquerque, NM

This home is located at 516 Atlantic Ave SW, Albuquerque, NM 87102 since 19 February 2020 and is currently estimated at $256,059, approximately $297 per square foot. 516 Atlantic Ave SW is a home located in Bernalillo County with nearby schools including Washington Middle School, Albuquerque High School, and Siembra Leadership 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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