2 years on rocket

615 Iron Ave SW, Albuquerque, NM, 87102

$1,600,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Baths
6,148 SqFt
$260/SqFt
Multi

Location

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615 Iron Ave SW, Albuquerque$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year BuiltNew Const.
HeatingCentral, Electric, Forced Air
CoolingCentral Air
MLS #1003217
Lot Size0.16 Acres
StatusActive

About 615 Iron Ave SW

NOW COMPLETE!!! CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amenities and Design. 2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings.

Property Details

Property Features

Property Information:

  • Stories: 3
  • Living Area: 6,148 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway NM Prop
  • Office Phone: (505) 798-6300
  • Listing Agent: Thomas Gallegos

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range
  • Basement: No
  • Flooring Type: Carpet, Concrete, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: South on 8th St. from Central, East on Iron to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $260/SqFt

Tax Information:

  • Annual Amount: $588
  • 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

615 Iron Ave SW vs Albuquerque

1088 DAYS ON ROCKET

+1055 Days

$1,600,000

+$1.2M More

$260/SqFt

+$55 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $55/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: #1003217

Listing Office:

  • Office Name: Berkshire Hathaway NM Prop
  • Office Phone: (505) 798-6300
  • Listing Agent: Thomas Gallegos

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, 4:20:47 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$588$5,066
2019$448$5,066
2018$927$9,399
2017$927$21,573

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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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-655870
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-655871
5
/10

  • Dolores Gonzales Elementary School

  • 900 Atlantic Ave SW

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-655872
5
/10

  • Lew Wallace Elementary School

  • 513 6th St NW

  • 0.68 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 $13,438. The most common annual income of people living in Albuquerque, NM is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›615 Iron Ave SW

This home is located at 615 Iron Ave SW in Albuquerque, NM and zip code 87102 in the Barelas neighborhood. This 6,148 square foot home sits on a 0.16 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 25, 2021 and is currently priced at $1,600,000.

In October 2024 more than 94 listings in Albuquerque, NM were sold above the asking price. During the same period more than 148 listings were sold at asking price, while more than 288 were sold below. The number of listings 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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