NOT LISTED FOR SALE

954 Augustine Ave Las Cruces, NM 88001

Mesquite Historic District Neighborhood

Estimated Value: $257,000

10 Beds
1 Bath
2,223 Sq Ft
$116/Sq Ft Est. Value

Last Sold December 11, 2024

Current estimated payment $1,459/month

243 Days on Market

Highlights

  • 0.37 Acre Lot
  • No HOA
  • Evaporated cooling system
  • Herberich Primary Elementary School Rated A
  • Forced Air Heating System

About This Home

As of December 2024

950 & 954 Augustine: This renovated, 7 unit 2 lot property, is centrally located with a short 1 mile walk to the revitalized downtown area of Las Cruces where shops, eateries, and local breweries can be found. Comprised of 2 buildings in which one is a triplex and the other a quadplex, each building boasts reconditioned and updated units. Some of these updates in varying units include flooring, HVAC, appliances, water heaters, electrical upgrades, countertops, fixtures, and fresh exterior and interior paint. The Owner has left ample opportunity for value-add possibilities. Refrigerated air upgrades, fencing in yards, completing window replacements, and adding storage sheds are just a few of these opportunities. Take advantage of the opportunity to own this updated multi-unit complex with value-add potential that is centrally located in a town with an approximate housing shortage of 5,600 units. Measures of investment performance at list price of $695,237 and with average rent of $839

Last Agent to Sell the Property

David Clarke

NM Apartment Advisors Inc. License #13711 Listed on: 01/26/2024

Co-Listed By

Marvid Charlson

Property Mgt & Investments of NM License #20397

Last Buyer's Agent

Kyle Deacon

Deacon Property Services, LLC License #15579

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • Chain Link Fence

Home Design

  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Refrigerated Cooling System
  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Oven or Range
  • 10 Bedrooms

Community Details

  • No Home Owners Association
  • 7 Units
  • Coxs Third Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-007-134-441-493

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Year Built: 1960
  • Co List Office Mls Id: LCNPMINM
  • Co List Office Phone: (575) 652-4043
  • Co List Office Mls Id: LCNNMAAI
  • Subdivision Name: Coxs Third Subdivision
  • Directions: From Amador, North on Espina to the intersection of Virginia, Augustine, & Espina where the units are located on the corner to the left.
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 10

Exterior Features

  • Roof: Pitched, Shingle
  • Acres: 0.37
  • Construction Type: Block, Stucco, Frame

Garage/Parking

  • Parking Features: Paved Area, Street Parking

Utilities

  • Heating: Gas, Forced Air
  • Cooling: Evaporative Central, Refrigerated Central
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-007-134-441-493
  • Fencing: Chain Link
  • Lot Dimensions: .25 to .50 AC
  • Lot Size Sq Ft: 15916

Multi Family

  • Number Of Units Total: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2018
Sold by
Laemmle Richard D and Laemmle Bambi L
Bought by
Laemmle Richard D
Current Estimated Value
$257,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Outstanding Balance
$76,808
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$180,192

Purchase Details

Closed on
Apr 20, 2005
Sold by
Rugger Partnership #1
Bought by
Laemmle Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.93%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 4, 2003
Sold by
Thomas Tudur Gwyn
Bought by
Rugger Partnership #1
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
Laemmle Richard D -- Las Cruces Abstract & Title
Laemmle Richard D -- Southwestern Abstract & Titl
Rugger Partnership #1 -- Southwestern Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laemmle Richard D $89,000
Closed Laemmle Richard D $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2024 12/11/24 Sold -- -- --
10/17/2024 10/17/24 Pending -- -- --
06/24/2024 06/24/24 Price Changed $695,237 -13.4% $313 / Sq Ft
02/16/2024 02/16/24 For Sale $802,896 -- $361 / Sq Ft
Source: Southern New Mexico MLS (Las Cruces 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 $1,532 $98,283 $8,333 $89,950
2023 $1,510 $48,831 $8,333 $40,498
2022 $1,487 $47,409 $8,333 $39,076
2021 $881 $28,173 $8,333 $19,840
2020 $885 $28,173 $8,333 $19,840
2019 $888 $28,173 $8,333 $19,840
2018 $928 $29,634 $8,467 $21,167
2017 $852 $29,634 $8,467 $21,167
2016 $863 $29,634 $8,467 $21,167
2015 $868 $88,914 $25,375 $63,539
2014 $855 $87,600 $25,000 $62,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Clarke

    NM Apartment Advisors Inc.

  • M

    Seller Co-Listing Agent in 2024

    Marvid Charlson

    Property Mgt & Investments of NM

    (575) 642-6844

    1 in this area

    15 Total Sales

    Marvid Charlson
    Section Image

  • K

    Buyer's Agent in 2024

    Kyle Deacon

    Deacon Property Services, LLC

    Section Image
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Map

Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

MLS Number: 2400478

Southern New Mexico MLS (Las Cruces Association of REALTORS®)

APN: 02-30256

New Mexico Dona Ana County Las Cruces 88001 Mesquite Historic District

954 Augustine Ave, Las Cruces, NM

Not Listed for Sale

MultiFamily

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.

Southern New Mexico MLS (Las Cruces Association of REALTORS®) The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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