new - 7 days on rocket

311 Palomas Dr NE, Albuquerque, NM, 87108

$425,000

Home List Price

$5,047*

Closing Credit

2 Bedrooms
1 Bath
4,226 SqFt
$101/SqFt
Multi

Location

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311 Palomas Dr NE, Albuquerque$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1957
HeatingFloor Furnace
CoolingEvaporative Cooling
MLS #1073663
Lot Size0.22 Acres
StatusActive

About 311 Palomas Dr NE

Residents love the complex's private and secluded courtyard entry, the circular driveway and off-street parking options, the bonus exterior storage assigned to each apartment, and the large private yard spaces, almost as much as the quality and unique architectural finishes in each apartment. All units are separately metered for gas and electric and feature small slat oak floors, original custom tile, built-ins, and well-preserved vintage fixtures throughout. The residence at 309 Palomas NE has just been renovated to make the ideal owner occupancy apartment while also demonstrating where value-add renovation work will take the next investor with a market rent that is over 50% higher than the other 3 units.An owner occupant, w/ 3.5% down payment and a 30 yr amtz, could live here for $750

Property Details

Property Features

Property Information:

  • Year Built: 1957
  • Living Area: 4,226 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: Vinyl, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From I-40 and San Mateo, south to Copper, east to Palomas, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $101/SqFt

Tax Information:

  • Annual Amount: $1,411
  • 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

311 Palomas Dr NE vs Albuquerque

7 DAYS ON ROCKET

-26 Days

$425,000

+$80.9K More

$101/SqFt

-$104 Less

KEY TAKEAWAY

This property is $80.9K more than the Median Sold Price and $104/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: #1073663

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, 1:20:47 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$1,411$32,896
2019$1,320$31,938
2018$1,280$31,008
2017$1,280$30,106

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-690621
6
/10

  • Zia Elementary School

  • 440 Jefferson St NE

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-690622
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-690623
4
/10

  • Mark Twain Elementary School

  • 6316 Constitution Ave NE

  • 1.07 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 $41,120. Residents of Albuquerque, NM typically earn between $35k-100k each year. Typical family type 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›87108›311 Palomas Dr NE

This home is located at 311 Palomas Dr NE in Albuquerque, NM and zip code 87108 in the Fair West neighborhood. This 4,226 square foot home, which was built in 1957, sits on a 0.22 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $425,000.

While more than 94 listings in Albuquerque, NM in October 2024 were sold above asking price, there were more than 148 listings sold at asking price, and more than 288 were sold below. In October 2024 in Albuquerque, NM there were 8.2% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $344,019, while the average time on the real estate market was 33 days.

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

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