1 month on rocket

12229 Menaul Blvd NE, Albuquerque, NM, 87112

$579,429

Home List Price

$6,881*

Closing Credit

3 Bedrooms
2 Baths
3,107 SqFt
$186/SqFt
Multi
Schools Nearby

Location

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12229 Menaul Blvd NE, Albuquerque$579,429

Buyer Closing Credits

$6,881*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1977
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1053809
Lot Size0.19 Acres
StatusActive

About 12229 Menaul Blvd NE

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Stories: 1
  • Living Area: 3,107 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

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Eldorado High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Hoover Middle School, Public District Grades 6-8
  • Matheson Park Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-40 Tramway, north on Tramway to Menaul, west to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $579,429
  • Price Per SqFt: $186/SqFt

Tax Information:

  • Annual Amount: $2,822
  • 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

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

27

# of Sold Homes

479

12229 Menaul Blvd NE vs Albuquerque

49 DAYS ON ROCKET

+22 Days

$579,429

+$243.7K More

$186/SqFt

-$14 Less

KEY TAKEAWAY

This property is $243.7K more than the Median Sold Price and $14/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: #1053809

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: 4/28/2024, 3:25:14 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$2,822$65,800
2019$2,721$63,884
2018$2,717$63,884
2017$2,717$69,080

History based on county public records data.

Payment Calculator

$2,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,804

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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.

Elementary School

school-card-donut-2384902
3
/10

  • Matheson Park Elementary School

  • 10809 Lexington Ave NE

  • 1.15 miles

  • Public District Grades KG-5

school-card-donut-2384903
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 8.83 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2384904
5
/10

  • Hoover Middle School

  • 12015 Tivoli Ave NE

  • 0.94 miles

  • Public District Grades 6-8

High School

school-card-donut-2384905
7
/10

  • Eldorado High School

  • 11300 Montgomery Blvd NE

  • 1.48 miles

  • Public District Grades 9-12

school-card-donut-2384906
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.91 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,000. Residents of Albuquerque, NM typically earn between $35k-100k 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›87112›12229 Menaul Blvd NE

This home is located at 12229 Menaul Blvd NE in Albuquerque, NM and zip code 87112 in the Northeast Albuquerque neighborhood. This 3,107 square foot home, which was built in 1977, sits on a 0.19 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 09, 2024 and is currently priced at $579,429.

Albuquerque, NM housing market in March 2024 saw over 141 listings sold above listed price, more than 121 sold at listed price and over 217 sold below. The number of listings in Albuquerque, NM decreased by 8.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 27 days, the median list price was $335,689.

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

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