7 months on rocket

311 Princeton Dr SE, Albuquerque, NM, 87106

$442,446

Home List Price

$5,254*

Closing Credit

2 Bedrooms
1 Bath
2,709 SqFt
$163/SqFt
Multi

Location

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311 Princeton Dr SE, Albuquerque$442,446

Buyer Closing Credits

$5,254*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1940
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1061818
Lot Size0.16 Acres
StatusActive

About 311 Princeton Dr SE

311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.Measures of investment performance at ask price of $442,446 and current average rent of $1,150 are a GRM of 10.69, a 6.37% cap rate, $147,482 per unit, $163.32/sf. Ten recent closed or pending sales indicate a value closer to $469,033.Sellers are willing to offer up to $21,982 in credits to a buyer who secures an FHA owner occupant loan. According to lender, Kevin Caudill, at Bank of Albuquerque, this would drive the interest rate down to 5.00% for 30 years ,

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 2,709 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, Vinyl, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From I-25 and Coal - east to Princeton, north to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $442,446
  • Price Per SqFt: $163/SqFt

Tax Information:

  • Annual Amount: $3,301
  • 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

$344.7K

Med. Price/SqFt

$205

Avg. Days On Market

34

# of Sold Homes

438

311 Princeton Dr SE vs Albuquerque

228 DAYS ON ROCKET

+194 Days

$442,446

+$97.6K More

$163/SqFt

-$42 Less

KEY TAKEAWAY

This property is $97.6K more than the Median Sold Price and $42/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: #1061818

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: 12/18/2024, 9:20:49 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$3,301$78,957
2019$3,085$76,658
2018$2,988$74,424
2017$2,988$72,258

History based on county public records data.

Payment Calculator

$2,276

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,393

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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-4469894
6
/10

  • Monte Vista Elementary School

  • 3211 Monte Vista Blvd NE

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-4469895
6
/10

  • Bandelier Elementary School

  • 3309 Pershing Ave SE

  • 0.63 miles

  • Public District Grades KG-5

school-card-donut-4469896
3
/10

  • Lowell Elementary School

  • 1700 Sunshine Ter SE

  • 1.16 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 $23,529. Residents of Albuquerque, NM typically earn less than $35k each year. The most common type of family 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›311 Princeton Dr SE

This home is located at 311 Princeton Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 2,709 square foot home, which was built in 1940, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 04, 2024 and is currently priced at $442,446.

While more than 86 listings in Albuquerque, NM in November 2024 were sold above asking price, there were more than 127 listings sold at asking price, and more than 225 were sold below. The inventory of homes for sale in Albuquerque, NM between October 2024 and November 2024 decreased by 14.7%. The median list price of listings available in November 2024 was $344,759, while the average time on the real estate market was 34 days.

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

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