NOT LISTED FOR SALE

566 State Highway 165 Placitas, NM 87043

Estimated Value: $640,028 - $656,000

-- Bed
1 Bath
700 Sq Ft
$927/Sq Ft Est. Value

Last Sold April 25, 2024

Current estimated payment $3,895/month

157 Days on Market

About This Home

As of April 2024

Discover this stunning multi-family/mixed-use property located in Placitas. Spanning 2.6 acres with four existing buildings (2 SF Houses, 2 Modular-Apt Units Mercantile Commercial Building), this property is currently yielding $6800 per month, with the potential to bring in 80k+ per year! If you've always dreamed of investing in income-generating assets, this property is an excellent opportunity. Situated just beyond the charming village of Placitas, this property not only promises a lucrative financial return but also an enchanting location. A truly remarkable investment opportunity awaits! Please do not disturb tenants!

Last Agent to Sell the Property

Gilbert Gallegos

Real Broker, LLC Listed on: 09/07/2023

Real Broker, LLC

Last Buyer's Agent

Seth Jacob

Associated Mountain Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,900

Year Built

  • Built in 1950

Lot Details

  • 2.6

Home Design

  • Frame Construction
  • Metal Siding

Interior Spaces

  • 1 Bathroom
  • Property has 2 Levels

Additional Features

  • Patio
  • 2.6 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 1026073140080

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Gross Income $70,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,900

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: I25 Exit 242 head east on NM HWY 165 go 5.7 Miles , property is on right
  • Listing Contract Date: 2023-09-07
  • Year Built: 1950
  • Lot Size Acres: 2.6
  • Co List Office Mls Id: RBRO02
  • Co List Office Phone: (505) 448-8888
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Stories: 2
  • Number Of Buildings: 4
  • Basement YN: No

Exterior Features

  • Exterior Features: Patio
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Block, Frame, Metal Siding
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Utilities

  • Cooling: Other
  • Heating: Other, See Remarks
  • Utilities: See Remarks

Condo/Co-op/Association

  • Community Features: Patio

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 113256.0
  • Parcel #: 1026073140080
  • Zoning Description: RC

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 70800.0

Tax Info

  • Tax Annual Amount: 4900.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Apr 25, 2024
Sold by
Evergreen Enterprises Llc
Bought by
Camp Hiram W and Hays Leia
Seller's Agent
Gilbert Gallegos
Real Broker, LLC
Buyer's Agent
Seth Jacob
Associated Mountain Realtors
List Price
$729,000
Views
79
Current Estimated Value
$649,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.31%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Camp Hiram W $642,900 Old Republic National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold -- -- --
02/12/2024 02/12/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $649,900 -5.8% $928 / Sq Ft
12/26/2023 12/26/23 Price Changed $689,999 -1.4% $986 / Sq Ft
11/15/2023 11/15/23 Price Changed $699,999 -2.0% $1,000 / Sq Ft
10/08/2023 10/08/23 Price Changed $714,000 -2.1% $1,020 / Sq Ft
09/07/2023 09/07/23 For Sale $729,000 -- $1,041 / 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 $4,631 $174,348 $66,963 $107,385
2023 $4,631 $172,341 $66,963 $105,378
2022 $4,631 $172,341 $66,963 $105,378
2021 $4,531 $172,341 $66,963 $105,378
2020 $4,531 $172,341 $0 $0
2019 $4,718 $172,341 $0 $0
2018 $4,354 $172,341 $0 $0
2017 $4,408 $172,341 $0 $0
2016 $5,175 $172,341 $0 $0
2014 $5,045 $172,341 $0 $0
2013 -- $172,341 $66,963 $105,378
Source: Public Records

Agents Affiliated with this Home

  • Gilbert Gallegos

    Seller's Agent in 2024

    Gilbert Gallegos

    Real Broker, LLC

    (505) 350-8245

    1 in this area

    225 Total Sales

    Gilbert Gallegos
    Section Image

  • S

    Buyer's Agent in 2024

    Seth Jacob

    Associated Mountain Realtors

See All Agents

Map

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

MLS Number: 1041089

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-026-073-140-080

New Mexico Sandoval County Placitas 87043

566 State Highway 165, Placitas, NM

This home is located at 566 State Highway 165, Placitas, NM 87043 since 07 September 2023 and is currently estimated at $649,009, approximately $927 per square foot. This property was built in 1950. 566 State Highway 165 is a home located in Sandoval County with nearby schools including Bernalillo 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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