NOT LISTED FOR SALE

Estimated Value: $423,000 - $486,000

2 Beds
1 Bath
3,200 Sq Ft
$142/Sq Ft Est. Value

Last Sold June 10, 2022

Current estimated payment $2,659/month

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Property has 1 Level
  • Maggie Cordova Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of June 2022

Great Investment Property with potential for Owner Occupancy! Currently rented under market, all units can easily be rented for a minimum of $900 per month. Each Unit - 2 Bedroom, 1 Bath with 1 dedicated parking spot (additional parking available). Washer and Dryer within each unit! Individually metered for Gas and Electric. Great buying Opportunity! Units A and D (Lower Level) have fenced in back yards! All Units Rented - Actual Lease Agreements available. Two units are currently month-to-month. Opportunity Knocks. Units can be previewed and inspected subject to an ACCEPTED offer. Please do not disturb tenants.

Last Agent to Sell the Property

Ruben Ortega

RE/MAX SELECT License #13007 Listed on: 04/12/2022

Last Buyer's Agent

Shane Dolinski

Realty One of New Mexico License #REC20250300

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,294

Year Built

  • Built in 1980

Lot Details

  • 9,583 Sq Ft Lot
  • Additional Parcels

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Flooring

  • CRI Green Label Plus Certified Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1011069197359

Community Details

Overview

  • 3,200 Sq Ft Building
  • Casa Del Rio Subdivision

Building Details

  • Operating Expense $3,000
  • Gross Income $33,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,294

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Southern and Unser NORTH; to 5th LEFT; to 18th RIGHT; to FRAN Left; to 17th RIGHT which turns into Darlene to address
  • Listing Contract Date: 2022-04-12
  • Year Built: 1980
  • Lot Size Acres: 0.22
  • Subdivision Name: Casa Del Rio
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3200.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Additional Parcels: Yes
  • Parcel #: 1011069197359
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33840.0
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 2293.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jun 8, 2022
Sold by
Greenfield Charles W
Bought by
Guardian Property Development 2 Llc
Seller's Agent
Ruben Ortega
RE/MAX SELECT
Buyer's Agent
Shane Dolinski
Realty One of New Mexico
List Price
$400,000
Current Estimated Value
$453,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$285,000
Outstanding Balance
$271,953
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$181,984

Purchase Details

Listed on
Oct 28, 2018
Closed on
Jan 7, 2019
Sold by
Lewis Joan Patricia
Bought by
Greenfield Charles W
Seller's Agent
Trish Dawson
Coldwell Banker Legacy
Buyer's Agent
Ruben Ortega
RE/MAX SELECT
List Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.95%
Original Mortgage
$204,232
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 16, 2015
Closed on
Apr 30, 2015
Sold by
Lewis Joan
Bought by
Lewis Paradox Trust
Seller's Agent
Michael Schlichte
Absolute Real Estate
Buyer's Agent
Deanna Dopslaf
Coldwell Banker Legacy
List Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$128,800
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2015
Closed on
Apr 29, 2015
Sold by
Schlichte Michael and Schlichte Danielle S
Bought by
Lewis Joan P
Seller's Agent
Michael Schlichte
Absolute Real Estate
Buyer's Agent
Deanna Dopslaf
Coldwell Banker Legacy
List Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2014
Sold by
Schlichte Ventures Inc
Bought by
Schlichte Michael and Schlichte Danielle
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
Guardian Property Development 2 Llc -- Old Republic Title
Guardian Property Dev 2 Llc -- Old Republic Title
Greenfield Charles W -- Fidelity Natl Title Ins Co
Lewis Paradox Trust -- None Available
Lewis Joan P -- Fidelity Natl Title Nm Inc
Schlichte Michael -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guardian Property Development $99,554
Open Guardian Property Dev 2 Llc $285,000
Closed Guardian Property Dev 2 Llc $285,000
Previous Owner Greenfield Charles W $204,232
Previous Owner Lewis Joan P $128,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold -- -- --
04/13/2022 04/13/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $400,000 +90.5% $125 / Sq Ft
01/08/2019 01/08/19 Sold -- -- --
12/01/2018 12/01/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $210,000 +10.5% $66 / Sq Ft
05/01/2015 05/01/15 Sold -- -- --
03/10/2015 03/10/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $190,000 -- $59 / 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 $2,271 $63,991 $8,564 $55,427
2023 $2,271 $62,128 $8,559 $53,569
2022 $2,271 $62,128 $8,559 $53,569
2021 $2,294 $62,128 $8,559 $53,569
2020 $2,254 $60,318 $0 $0
2019 $2,269 $60,318 $0 $0
2018 $2,072 $58,562 $0 $0
2017 $1,986 $56,856 $0 $0
2016 $2,160 $55,200 $0 $0
2014 -- $53,558 $0 $0
2013 -- $53,558 $5,464 $48,094
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1012431

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-069-197-359