8 months on rocket

12229 Menaul Blvd NE, Albuquerque, NM, 87112

$579,429

Home List Price

$6,881*

Closing Credit

3 Bedrooms
2 Baths
3,107 SqFt
$186/SqFt
Multi

Location

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12229 Menaul Blvd NE, Albuquerque$579,429

Buyer Closing Credits

$6,881*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1977
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1053809
Lot Size0.19 Acres
StatusActive

About 12229 Menaul Blvd NE

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Stories: 1
  • Living Area: 3,107 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From I-40 Tramway, north on Tramway to Menaul, west to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $579,429
  • Price Per SqFt: $186/SqFt

Tax Information:

  • Annual Amount: $2,822
  • 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

12229 Menaul Blvd NE vs Albuquerque

253 DAYS ON ROCKET

+220 Days

$579,429

+$235.4K More

$186/SqFt

-$19 Less

KEY TAKEAWAY

This property is $235.4K more than the Median Sold Price and $19/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: #1053809

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

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: 11/18/2024, 8:20:47 AM 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$2,822$65,800
2019$2,721$63,884
2018$2,717$63,884
2017$2,717$69,080

History based on county public records data.

Payment Calculator

$2,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,804

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NMLS#3030

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-768554
8
/10

  • Onate Elementary School

  • 12415 Brentwood Hills Blvd NE

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-768555
6
/10

  • John Baker Elementary School

  • 12015 Tivoli Ave NE Ste B

  • 0.98 miles

  • Public District Grades KG-5

school-card-donut-768556
3
/10

  • Chelwood Elementary School

  • 12701 Constitution Ave NE

  • 1.03 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,000. Typical income of Albuquerque, NM residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87112›12229 Menaul Blvd NE

This home is located at 12229 Menaul Blvd NE in Albuquerque, NM and zip code 87112 in the Northeast Albuquerque neighborhood. This 3,107 square foot home, which was built in 1977, sits on a 0.19 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 09, 2024 and is currently priced at $579,429.

Over 94 listings were sold over their listed price in October 2024 in Albuquerque, NM. In the same period over 288 listings were sold below the listed price and 148 listings were sold for the listed price. In October 2024 in Albuquerque, NM there were 8.2% less homes for sale than in September 2024. In October 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $344,019.

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

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