NOT LISTED FOR SALE

609 W La Plata Dr Farmington, NM 87401

Estimated Value: $130,000 - $156,000

-- Bed
6 Baths
7,022 Sq Ft
$21/Sq Ft Est. Value

Last Sold February 21, 2024

Current estimated payment $840/month

192 Days on Market

Highlights

  • Forced Air Heating System
  • Refrigerated and Evaporative Cooling System
  • Concrete Flooring
  • Combination Kitchen and Dining Room

About This Home

As of February 2024

Fantastic multi-unit investment opportunity. Beautiful property with two houses, two duplexes, and two smaller single-family homes. All situated on a cul-de-sac and large lots centrally located. Property has irrigation (per seller)The property has great rental history with little tenant turnover.All units are rented and require appointment to show. Showing times restricted.

Last Agent to Sell the Property

Stephanie Buffington

San Juan Realty License #20055 Listed on: 04/24/2023

Co-Listed By

Crystal Snow-Perea

San Juan Realty License #51263

Last Buyer's Agent

Shelbi Allen

Coldwell Banker Cornerstone License #51329

Coldwell Banker Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $855

Lot Details

  • Property is in good condition

Parking

  • 1 Parking Space Included

Home Design

  • Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property
  • Combination Kitchen and Dining Room
  • Concrete Flooring
  • Crawl Space
  • Oven or Range

Schools

  • Apache Elementary School
  • Tibbetts Middle School
  • Farmington High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 8 Units

Listing and Financial Details

  • Rent includes cable TV, electric, gas, sewer, trash collection, water
  • Month-to-Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$855

Lot Details

0

Listing Details

  • Home Age: 51 +
  • Homebuilder: Unknown
  • FloodZoneA: Unknown
  • Foreclosed Pre Foreclosed: No
  • Listing Member Name: Stephanie L Buffington
  • Listing Office Short Id: 16
  • Number Of Stories: One, Two
  • PendingForeclosure: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: shelbi
  • Property Sub Type: Income Residential
  • Type of Tenancy: Month - Month, One Year Lease, One Year or More Lease
  • UtilSvcInclRent: Cable TV, Electric, Gas, Sewer, Trash Collection, Water
  • Special Features: None

Interior Features

  • Appliances: Oven/Range, Refrigerator
  • Basement Bathrooms: 6.00
  • Updated Floor: Crawl Space, Slab
  • Unit Features: Kitchen/Dining Combo, Unfurnished/All

Exterior Features

  • Property Condition: Good
  • Exterior Construction: Cinder/Stucco, Frame, Frame/Stucco
  • Roof: Compsition (Asp/Shg), Tar & Gravel

Utilities

  • Cooling: Evaporative Hall
  • Heating: Forced Air, Gas
  • Water and Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Units in Building: 8

Schools

  • Elementary School: Apache Elementary
  • High School: Farmington High School
  • Middle School: Tibbetts Middle School

Lot Info

  • Lot Size: 1.35
  • Zoning: Multi-Fam Low Dens, Other - See Remarks

Multi Family

  • Number Of1 Bedroom Units: 5.00
  • Number Of2 Bedroom Units: 3.00
  • Parking Per Unit: One
  • Total Full Baths: 6

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Feb 21, 2024
Sold by
Craig And Bonnie Neal Living Trust
Bought by
Carraro Edward A
Seller's Agent
Stephanie Buffington
San Juan Realty
Buyer's Agent
Shelbi Allen
Coldwell Banker Cornerstone
List Price
$820,000
Views
224
Current Estimated Value
$146,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-62.01%
Original Mortgage
$365,857
Outstanding Balance
$359,452
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
-$213,265

Purchase Details

Closed on
Feb 26, 2009
Sold by
Neal Craig T and Neal Bonnadelle A
Bought by
Neal Craig T and Neal Bonnadelle 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
Carraro Edward A -- None Listed On Document
Neal Craig T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carraro Edward A $365,857
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2024 02/23/24 Off Market -- -- --
02/21/2024 02/21/24 Sold -- -- --
11/02/2023 11/02/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $820,000 0.0% $117 / Sq Ft
11/01/2023 11/01/23 Off Market -- -- --
04/24/2023 04/24/23 For Sale $820,000 -- $117 / Sq Ft
Source: San Juan County Board 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 $855 $35,961 $0 $0
2023 $855 $34,913 $0 $0
2022 $815 $33,896 $0 $0
2021 $785 $32,909 $0 $0
2020 $795 $33,408 $0 $0
2019 $806 $34,077 $0 $0
2018 $781 $32,610 $0 $0
2017 $748 $31,660 $0 $0
2016 $723 $30,738 $0 $0
2015 $711 $30,738 $0 $0
2014 $655 $28,973 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Stephanie Buffington

    San Juan Realty

    (505) 327-4837

    132 Total Sales

    Stephanie Buffington
    Section Image
  • Crystal Snow-Perea

    Seller Co-Listing Agent in 2024

    Crystal Snow-Perea

    San Juan Realty

    (505) 327-4837

    103 Total Sales

    Crystal Snow-Perea
    Section Image

  • S

    Buyer's Agent in 2024

    Shelbi Allen

    Coldwell Banker Cornerstone

    (505) 634-8075

    89 Total Sales

    Shelbi Allen
    Section Image
See All Agents

Map

Source: San Juan County Board of REALTORS®

MLS Number: 23-460

APN: 2076171298440

New Mexico San Juan County Farmington 87401

609 W La Plata Dr, Farmington, NM

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