NOT LISTED FOR SALE

5992 Corrales Rd Corrales, NM 87048

Estimated Value: $693,000 - $997,000

2 Beds
2 Baths
5,526 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 12, 2021

Current estimated payment $5,520/month

199 Days on Market

Highlights

  • Fireplace
  • Evaporated cooling system
  • Brick Flooring
  • Corrales Elementary School Rated A-
  • Patio
  • Forced Air Heating System

About This Home

As of April 2021

Nicely renovated tri-plex in the heart of the green belt of Corrales. Property features two 2 bedroom and one 3 bedroom units complete with all appliances and high end finishes to include; Plaster walls, custom stone tile work, brick and hard wood floors. Great owner occupy income property, in-law inclusive property, Air BNB or long term rental.

Last Agent to Sell the Property

Chris Donaldson

Keller Williams Realty License #47024 Listed on: 07/18/2020

Keller Williams Realty

Last Buyer's Agent

Casa ABQ

LPT Realty

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,372

Year Built

  • Built in 1975

Lot Details

  • 0.46 Acre Lot
  • Sprinkler System

Home Design

  • Triplex
  • Frame Construction
  • Adobe

Interior Spaces

  • 5,526 Sq Ft Home
  • Property has 2 Levels
  • Fireplace

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Dishwasher

Flooring

  • Brick
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Radiant Heating System
  • Natural Gas Connected
  • Sewer Not Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1016068486385

Community Details

Overview

  • 3 Units
  • 5,526 Sq Ft Building

Security

  • Complex Is Fenced

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,372

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: Corrales Road North of Alameda approximately 8 minutes past curve in the road. Corner of Espenosa and Corrales Road NW corner
  • Year Built: 1975
  • Lot Size Acres: 0.46
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Flooring: Brick, Stone, Tile
  • Appliances: Built-In Gas Oven, Built-In Gas Range, Dishwasher
  • Stories: 2
  • Number Of Buildings: 2
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Fireplace: Yes
  • Living Area: 5526.0

Exterior Features

  • Exterior Features: Sprinkler/Irrigation, Patio
  • Disclosures: Lead Based Paint Disclosure, Principal is Real Estate Licensed, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Adobe, Block, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air, Radiant
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Not Available, Water Connected
  • Security: Complex Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Patio

Lot Info

  • Lot Size Sq Ft: 20037.6
  • Parcel #: 1016068486385
  • Zoning Description: A-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5371.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2020
Closed on
Apr 12, 2021
Sold by
Donaldson Chris M
Bought by
Chai Lisa
Seller's Agent
Chris Donaldson
Keller Williams Realty
Buyer's Agent
Casa ABQ
LPT Realty
List Price
$750,000
Current Estimated Value
$874,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$592,000
Outstanding Balance
$531,290
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$342,906

Purchase Details

Closed on
May 13, 2015
Sold by
Steiner Frank F and Steiner Susan
Bought by
Donaldson Chris M

Purchase Details

Closed on
May 7, 2015
Sold by
Salazar Adelina
Bought by
Donaldson Chris M
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
Chai Lisa -- Fidelity National Title
Chai Lisa -- Fidelity National Title
Donaldson Chris M -- None Available
Donaldson Chris M -- None Available
Donaldson Chris M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chai Lisa $592,000
Closed Chai Lisa $592,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2021 04/12/21 Sold -- -- --
02/02/2021 02/02/21 Pending -- -- --
11/02/2020 11/02/20 For Sale $750,000 0.0% $136 / Sq Ft
09/30/2020 09/30/20 Off Market -- -- --
07/18/2020 07/18/20 For Sale $750,000 -- $136 / 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 $11,431 $308,471 $29,780 $278,691
2024 $10,940 $299,486 $29,212 $270,274
2023 $10,940 $290,764 $28,903 $261,861
2022 $10,621 $282,296 $0 $0
2021 $5,764 $150,488 $26,237 $124,251
2020 $5,646 $147,401 $0 $0
2019 $5,372 $147,401 $0 $0
2018 $5,334 $147,401 $0 $0
2017 $490 $14,304 $0 $0
2016 $553 $14,304 $0 $0
2014 $5,148 $138,555 $0 $0
2013 -- $134,519 $13,890 $120,629
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Donaldson

    Keller Williams Realty

    (505) 550-4100

    2 in this area

    6 Total Sales

    Chris Donaldson
    Section Image
  • Casa ABQ

    Buyer's Agent in 2021

    Casa ABQ

    LPT Realty

    (505) 710-6918

    3 in this area

    135 Total Sales

    Casa ABQ
    Section Image
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Map

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

MLS Number: 972866

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-068-486-385

New Mexico Sandoval County Corrales 87048

5992 Corrales Rd, Corrales, NM

Not Listed for Sale

MultiFamily

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