1 month on rocket

314 Alvarado Dr NE, Albuquerque, NM, 87108

$540,000

Home List Price

$6,413*

Closing Credit

2 Bedrooms
1 Bath
2,558 SqFt
$211/SqFt
Multi

Location

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314 Alvarado Dr NE, Albuquerque$540,000

Buyer Closing Credits

$6,413*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1971
HeatingCentral, Ductless, Forced Air
CoolingDuctless, Evaporative Cooling
FireplaceOption
MLS #1071172
Lot Size0.17 Acres
StatusActive

About 314 Alvarado Dr NE

Own your own Triplex!! These properties are just south of the Uptown retail district and just east of the Nob Hill gourmet eatery row. New granite, new mini splits installed in Units A &B, Unit C is Swamp cooler and central heating. Unit C is a Owner Unit with 2 or can be 3 bedrooms with a fireplace and larger backyard. This is a perfect property to live in one unit while the other 2 units can pay your mortgage plus extra. This is a turn key cash flowing property. These units are in great condition and ready for new tenants/owners!

Property Details

Property Features

Property Information:

  • Year Built: 1971
  • Living Area: 2,558 SqFt

Listing Office:

  • Office Name: Beyond Real-Estate
  • Office Phone: (505) 907-6479
  • Listing Agent: Vincent Ricci

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Range Hood, Washer
  • Basement: No
  • Flooring Type: Tile
  • Fireplace: Option

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $540,000
  • Price Per SqFt: $211/SqFt

Tax Information:

  • Annual Amount: $3,411
  • 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

314 Alvarado Dr NE vs Albuquerque

53 DAYS ON ROCKET

+20 Days

$540,000

+$195.9K More

$211/SqFt

+$6 More

KEY TAKEAWAY

This property is $195.9K more than the Median Sold Price and $6/SqFt more than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1071172

Listing Office:

  • Office Name: Beyond Real-Estate
  • Office Phone: (505) 907-6479
  • Listing Agent: Vincent Ricci

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: 11/23/2024, 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$3,411$79,525
2019$1,849$80,259
2018$1,793$43,427
2017$1,793$42,163

History based on county public records data.

Payment Calculator

$2,763

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,685

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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-847986
6
/10

  • Zia Elementary School

  • 440 Jefferson St NE

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-847987
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 1.02 miles

  • Public District Grades PK-5

school-card-donut-847988
4
/10

  • Mark Twain Elementary School

  • 6316 Constitution Ave NE

  • 1.02 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. The majority of Albuquerque, NM residents have income between $35k-100k annually. 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›87108›314 Alvarado Dr NE

This home is located at 314 Alvarado Dr NE in Albuquerque, NM and zip code 87108 in the Fair West neighborhood. This 2,558 square foot home, which was built in 1971, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $540,000.

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. The number of homes for sale 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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