NOT LISTED FOR SALE

623 Madison St NE Albuquerque, NM 87110

Pueblo Alto Neighborhood
2 Beds
2 Baths
3,100 Sq Ft
6,752 Sq Ft Lot

Last Sold June 18, 2018

206 Days on Market

Highlights

  • Evaporated cooling system
  • Heating System Uses Gas
  • Property has 1 Level
  • Zia Elementary School Rated A-

About This Home

As of June 2018

Amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. This property was built in 1996, and includes triplex and a two car garage.Measurements of investment performance based on actual average rents of $908 per unit, 5.10% CAP rate, 12.00% before tax IRR, and 9.20% after tax. Based on a market rent of $950 per unit+$75 a month garage rent, the measure of investment performance improves to a 6.70% Cap (before reserves) AND A 25.10% after tax IRR.Ideal for the owner occupant or investor.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 10/30/2017

Last Buyer's Agent

Donna Stark

Re/Max Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 2010

Lot Details

  • 6,752 Sq Ft Lot
  • Additional Parcels

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • 3,100 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 101705835306340310

Community Details

Overview

  • 3,100 Sq Ft Building
  • New Year Addition Subdivision

Security

  • Complex Is Fenced

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,294

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 & Carlisle - south to Lomas, east to Madison, north to property.
  • Listing Contract Date: 2017-10-30
  • Year Built: 2010
  • Lot Size Acres: 0.15
  • Subdivision Name: New Year Addition
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3100.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Gas
  • Utilities: Municipal Utilities
  • Security: Complex Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6752.0
  • Additional Parcels: Yes
  • Parcel #: 101705835306340310
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3294.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2018 06/18/18 Sold -- -- --
05/24/2018 05/24/18 Pending -- -- --
10/30/2017 10/30/17 For Sale $288,000 -- $93 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2018

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    2 in this area

    225 Total Sales

    Todd Clarke
    Section Image

  • D

    Buyer's Agent in 2018

    Donna Stark

    Re/Max Masters

See All Agents

Map

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

MLS Number: 904955

Southwest MLS (Greater Albuquerque Association of REALTORS®)
New Mexico Bernalillo County Albuquerque 87110 Pueblo Alto

623 Madison St NE, Albuquerque, NM

This home is located at 623 Madison St NE, Albuquerque, NM 87110 since 30 October 2017. This property was built in 2010. 623 Madison St NE is a home located in Bernalillo County with nearby schools including Zia Elementary School, Jefferson Middle School, and Albuquerque 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.

Nearby Homes