2 months on rocket

121 Terrace St SE, Albuquerque, NM, 87106

$675,000

Home List Price

$8,016*

Closing Credit

1 Bedroom
1 Bath
3,600 SqFt
$188/SqFt
Multi

Location

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121 Terrace St SE, Albuquerque$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1955
HeatingFloor Furnace, Wall Furnace
CoolingEvaporative Cooling
BasementYes
MLS #1070355
Lot Size0.08 Acres
StatusActive

About 121 Terrace St SE

Location Location! 6 units! 2 buildings across from UNM in historic Silver Hill neighborhood, always rented with fantastic income! FOUR PLEX + DUPLEX! 121 Terrace - 1 bed 1 bath units. appx 500SF/ea Original built in cabinets, drawers and shelving in each unit. 2 storage units. Evaporative coolers/wall furnaces. Individual gas and electric meters.117/119 Terrace large 1bed 1 bath units with screened porches and basements! Appx 800+SF/ea Hardwood floors, dining room, large bedrooms. Basements on each unit for added storage. Evaporative coolers and floor furnaces. Individual gas and electric meters. There is room for some minor updating for increased rental value. Amazing location for student housing. Permit parking. Current lease agreements. PLS DO NOT DISTURB TENANTS.

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 2
  • Living Area: 3,600 SqFt

Listing Office:

  • Office Name: Maddox & Co/REALTORS
  • Office Phone: (505) 764-0400
  • Listing Agent: Liska Maddox

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate, Vinyl, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace, Wall Furnace
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: 1 block off of Central across from UNM. Between Central and Gold.

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $188/SqFt

Tax Information:

  • Annual Amount: $905
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$344K

Med. Price/SqFt

$204

Avg. Days On Market

33

# of Sold Homes

530

121 Terrace St SE vs Albuquerque

62 DAYS ON ROCKET

+29 Days

$675,000

+$330.9K More

$188/SqFt

-$17 Less

KEY TAKEAWAY

This property is $330.9K more than the Median Sold Price and $17/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1070355

Listing Office:

  • Office Name: Maddox & Co/REALTORS
  • Office Phone: (505) 764-0400
  • Listing Agent: Liska Maddox

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$905$21,098
2019$898$21,098
2018$897$21,098
2017$897$21,098

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-598724
6
/10

  • Monte Vista Elementary School

  • 3211 Monte Vista Blvd NE

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-598725
3
/10

  • Longfellow Dual Language Magnet Elementary School

  • 400 Edith Blvd NE

  • 1.03 miles

  • Public District Grades KG-5

school-card-donut-598726
3
/10

  • Eugene Field Elementary School

  • 700 Edith Blvd SE

  • 1.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,533. Typical income of Albuquerque, NM residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87106›121 Terrace St SE

This home is located at 121 Terrace St SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 3,600 square foot home, which was built in 1955, sits on a 0.08 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $675,000.

In October 2024 more than 94 listings in Albuquerque, NM were sold above the asking price. During the same period more than 148 listings were sold at asking price, while more than 288 were sold below. The number of listings in Albuquerque, NM decreased by 8.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 33 days, the median list price was $344,019.

From Rocket Homes Real Estate and based on county public records data.

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