5 months on rocket

504 Trumbull Ave SE, Albuquerque, NM, 87102

$170,000

Home List Price

$2,019*

Closing Credit

3 Bedrooms
2 Baths
3,619 SqFt
$47/SqFt
Multi

Location

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504 Trumbull Ave SE, Albuquerque$170,000

Buyer Closing Credits

$2,019*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1946
HeatingNone
CoolingNone, Other
BasementYes
MLS #1067520
Lot Size0.13 Acres
StatusActive

About 504 Trumbull Ave SE

This property is brimming with opportunity! Construction has already begun, making this a fantastic project for the savvy investor looking to add value. The main unit offers a spacious layout with the potential for 3-4 bedrooms, a kitchen, two living areas, and a basement, ready for your vision. Unit B features the potential for 1-2 bedrooms, 1 kitchen, 1 living area, and 1 bathroom - perfect for creating a cozy living space. Unit C is an efficient 1-bedroom, 1-living room, 1-kitchen setup, ideal for a rental unit or in-law suite.While the property requires some work, it's priced to reflect the needed updates and offers plenty of room to build equity. Whether you're looking to flip, rent, or create a multi-unit investment, this is the perfect project to unlock its full potential!

Property Details

Property Features

Property Information:

  • Year Built: 1946
  • Stories: 2
  • Living Area: 3,619 SqFt

Listing Office:

  • Office Name: Realty One of New Mexico
  • Office Phone: (505) 883-9400
  • Listing Agent: Belen H Leal

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Laminate, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None, Other

Other

Directions Information:

  • Directions: Head West on Avenida Cesar Chavez from I-25 exit. Take a left going South on Arno St. Property is located on the corner of Arno & Trumbull.

Price Information

Listing Price Info

Price Summary:

  • List Price: $170,000
  • Price Per SqFt: $47/SqFt

Tax Information:

  • Annual Amount: $1,306
  • 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

504 Trumbull Ave SE vs Albuquerque

150 DAYS ON ROCKET

+116 Days

$170,000

-$174.7K Less

$47/SqFt

-$158 Less

KEY TAKEAWAY

This property is $174.7K less than the Median Sold Price and $158/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: #1067520

Listing Office:

  • Office Name: Realty One of New Mexico
  • Office Phone: (505) 883-9400
  • Listing Agent: Belen H Leal

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: 12/22/2024, 4:20:49 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$1,306$32,450
2019$1,217$31,505
2018$1,178$30,588
2017$1,178$29,698

History based on county public records data.

Payment Calculator

$916

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$576

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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-1020522
6
/10

  • William W & Josephine Dorn Charter Community School

  • 1119 Edith Blvd SE

  • 0.23 miles

  • Public Charter Grades KG-5

school-card-donut-1020523
3
/10

  • East San Jose Elementary School

  • 415 Thaxton Ave SE

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-1020524
3
/10

  • Eugene Field Elementary School

  • 700 Edith Blvd SE

  • 0.58 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 $25,000. Typical income of Albuquerque, NM residents is less than $35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›504 Trumbull Ave SE

This home is located at 504 Trumbull Ave SE in Albuquerque, NM and zip code 87102 in the South Broadway neighborhood. This 3,619 square foot home, which was built in 1946, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $170,000.

In November 2024, from all listings sold in Albuquerque, NM there were more than 86 sold above asking price, over 225 sold below and more than 127 were sold right at the asked price. Between October 2024 and November 2024, Albuquerque, NM real estate market has seen decrease in the number of listings 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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