Seller's Agent in 2021
Mike Griffin
CENTURY 21 Camco Realty
(505) 234-6536
3 in this area
243 Total Sales
618 Reclining Acres Rd Corrales, NM 87048
Estimated Value: $627,000 - $830,000
3
Beds
3
Baths
3,341
Sq Ft
$207/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- Solar Power System
- Wood Burning Stove
- Corrales Elementary School Rated A-
- Deck
- Meadow
About This Home
As of December 2021This unique Property in the Village of Corrales carries with it a variety of opportunities! Presently operated as a permitted Air B&B. The downstairs of this home is set up as a Casita with long term tenants renting month to month at $900.00. The upstairs has 2 Large bedrooms, a Large Kitchen open to the living /Dining rooms. Add to that an Incredible view. The Detached Studio/Workshop/multi purpose building has Lots of potential uses.If a new owner wanted to just keep everything as-is, with the rental income counted it's like owning a home valued at $565,000.00, But paying for a home that costs $365,000.00.Take a look at this opportunity today!
Last Agent to Sell the Property
CENTURY 21 Camco Realty License #19791 Listed on: 10/03/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,468
Year Built
- Built in 1978
Lot Details
- 1.05 Acre Lot
- Cul-De-Sac
- East Facing Home
- Back Yard Fenced
- Landscaped
- Partial Sprinkler System
- Meadow
- Wooded Lot
Parking
- 3 Carport Spaces
Home Design
- Northern New Mexico Architecture
- Frame Construction
- Pitched Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 3,341 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- 2 Fireplaces
- Wood Burning Stove
- Gas Log Fireplace
- Thermal Windows
- Entrance Foyer
- Great Room
- Multiple Living Areas
- Combination Dining and Living Room
- Property Views
Kitchen
- Country Kitchen
- Breakfast Bar
- Free-Standing Gas Range
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- CRI Green Label Plus Certified Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
Laundry
- Dryer
- Washer
Eco-Friendly Details
- Solar Power System
- Solar owned by a third party
Outdoor Features
- Deck
- Covered Patio or Porch
- Separate Outdoor Workshop
- Outdoor Storage
- Outbuilding
Schools
- Taylor Middle School
- Cibola High School
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Refrigerated Cooling System
- Forced Air Heating System
- Heating System Uses Propane
- Propane
- Private Water Source
- Well
- Septic Tank
- Sewer Not Available
- Phone Available
Listing and Financial Details
- Total Actual Rent $900
- Assessor Parcel Number 1014068075033
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2021
Closed on
Dec 16, 2021
Sold by
Equity Trust Company
Bought by
Tang Feng
Seller's Agent
Mike Griffin
CENTURY 21 Camco Realty
Buyer's Agent
David Sanchez
Sandia Modern Realty, LLC
List Price
$565,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$315,000
Outstanding Balance
$251,094
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$427,793
Purchase Details
Closed on
Jul 15, 2016
Sold by
Burns Doreman and Burns Sheri A
Bought by
Equity Trust Company
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tang Feng | -- | Fidelity National Ttl Ins Co | |
| Tang Feng | -- | Fidelity National Title | |
| Equity Trust Company | -- | Fidelity National Ttl Ins Co | |
| Grayson Jeaninne | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tang Feng | $315,000 | |
| Closed | Tang Feng | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | -- | -- | -- |
| 10/26/2021 10/26/21 | Pending | -- | -- | -- |
| 10/03/2021 10/03/21 | For Sale | $565,000 | -- | $169 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Tax History Compared to Growth
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 | $4,468 | $141,375 | $43,074 | $98,301 |
| 2023 | $4,468 | $137,257 | $42,166 | $95,091 |
| 2022 | $4,338 | $133,259 | $42,024 | $91,235 |
| 2021 | $3,241 | $98,526 | $34,197 | $64,329 |
| 2020 | $3,179 | $95,656 | $0 | $0 |
| 2019 | $3,011 | $95,978 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Griffin
-
Jeff Griffin
J
Seller Co-Listing Agent in 2021
Jeff Griffin
CENTURY 21 Camco Realty
(505) 339-4722
3 in this area
105 Total Sales
-
David Sanchez
Buyer's Agent in 2021
David Sanchez
Sandia Modern Realty, LLC
(575) 496-0141
1 in this area
50 Total Sales
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1002228
APN: 1-014-068-320-034
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