$3,264,2523226 Rufina

Sale Pending

3226 Rufina, Santa Fe, NM, 87507

$3,264,252

Est. Monthly Price:

0 Baths
Condo
Schools Nearby

Commute Times

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Commute estimates provided by Mapbox.

Facts and Features

Home TypeCondominium
Year Built1984
HeatingNatural Gas
CoolingEvaporative Cooling
MLS #202104644
Lot Size0.87 Acres
StatusSale Pending
(Pending No Showings)

Description

If you love Meow Wolf, this property is located a few hundred feet south. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory. The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses. Historically a high barrier to entry market for new construction, in 2017, the areas was identified as being short some 6,484 housing units. The community has partnered to bring more multifamily units on line than the Albuquerque area, but its not enough to satiate the resident demand. This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct – there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!) This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000. There are two prices for this property: 1. If you want to pay all cash, or obtain a new loan, the price is $3,264,252 – a 4.50% cap rate at the current average rents of $885. 2. If you want to assume the existing financing of $1,494,328, the price is $2,891,859. Measure of investment performance at the average rents of $885 include a GRM of 11.83, a before reserves cap rate of 5.08%, an after reserves cap rate of 4.92%, a cash on cash of 3.19%

Exterior Features

  • Architectural Style: Multi-Level
  • Lot Size: 0.87 Acres

Utilities

  • Heating: Natural Gas
  • Cooling: Evaporative Cooling

Other

  • MLS Number: 202104644
  • Listing Office: NM Apartment Advisors, Inc., 1253
  • Listing Agent: Todd Clarke, Todd Clarke
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Housing Market Report

Sold Prices For All Homes in Santa Fe

This Home$3.2M
$99K$3.7M

The Median Sold Price for All Homes in Santa Fe is $110K

Based on homes sold in May 2022

See Full Housing Market Report

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright ©2021 Santa Fe Association of REALTORS® 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: 6/26/2022, 4:25:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

What's it like to live at 3226 Rufina, Santa Fe, NM, 87507?

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Outlined schools indicate they are assigned to this listing.

Elementary

3

Salazar Elementary School Salazar Elementary School url

1300 Osage Ave1.28 mi

Public District KG-6

2

Agua Fria Elementary School Agua Fria Elementary School url

3160 Agua Fria St0.48 mi

Public District KG-6

3

Kearny Elementary School Kearny Elementary School url

901 Avenida Campanas0.80 mi

Public District KG-6

Middle

2

De Vargas Middle School De Vargas Middle School url

1750 Llano St1.45 mi

Public District 7-8

2

Edward Ortiz Middle School Edward Ortiz Middle School url

4164 S Meadows Rd2.64 mi

Public District 6-8

4

Calvin Capshaw Middle School Calvin Capshaw Middle School url

351 East Zia Rd2.76 mi

Public District 7-8

High

4

Capital High School Capital High School url

4851 Paseo Del Sol3.32 mi

Public District 9-12

4

Santa Fe High School Santa Fe High School url

2100 Yucca St1.53 mi

Public District 9-12

8

New Mexico School For The Deaf New Mexico School For The Deaf url

1060 Cerrillos Rd2.86 mi

Public District KG-12

All data from Great Schools

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

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Rocket HomesNew MexicoSanta Fe CountySanta Fe875073226 Rufina

This home is located at 3226 Rufina in Santa Fe, NM and zip code 87507. This home, which was built in 1984, sits on a 0.87 acre lot. It has been listed on Rocket Homes since October 20, 2021 and is currently priced at $3,264,252. The neighbors living near this home have an average income of $23,882.

The inventory of homes for sale in Santa Fe, NM between April 2022 and May 2022 increased by 5.1%. In May 2022 median list price was $110,000 and the average listing age was 24 days. In May 2022 more than 1 listings in Santa Fe, NM were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below. The most common annual income of people living in Santa Fe, NM is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

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