4 months on rocket

Sale Pending

545 Palomas Dr SE, Albuquerque, NM, 87108

$462,000

Home List Price

$5,486*

Closing Credit

0 Baths
3,664 SqFt
$126/SqFt
Multi
Schools Nearby

Location

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545 Palomas Dr SE, Albuquerque$462,000

Buyer Closing Credits

$5,486*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1963
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1054715
Lot Size0.16 Acres
StatusSale Pending
(Pending)

About 545 Palomas Dr SE

Buy N Hold Alert!!! Turn-KEY!!! Property is rented for $1149, 1149, and $1099 a month with one vacant currently listed for rent. Property has a 8-10% cap rate. Tenants are seasoned and pay all utilities except water, sewer, and trash. NO HOA. The Property: FOUR Freshly painted 2 bedrooms, 1 baths with a lot of money put in!! Includes all the appliances. EACH comes with its OWN BACKYARD, washer/dryer hookups, and designated parking. Brand new roof, newer furnaces and hot-water heaters. The Area: You won't believe the area as it's right next to Nob Hill, EXPO New Mexico State Fair grounds and The Downs Casino, Albuquerque International Airport, and in fact, it is only a 5 minute drive to University of New Mexico!

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2
  • Living Area: 3,664 SqFt

Listing Office:

  • Office Name: EA Property Management
  • Office Phone: (505) 750-0255
  • Listing Agent: Karl Kessler

Interior Features

Interior Information:

  • Appliances: Disposal, Refrigerator, Range Hood
  • Basement: No
  • Flooring Type: Carpet, Tile

Exterior Features

Exterior Information:

  • Exterior: Lighting, Patio

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Wilson Middle School, Public District Grades 6-8
  • Whittier Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From San Mateo South, turn left onto Zuni. Take the 3rd right on Palomas. Home is on the right on the northwest corner of Bell and Palomas.

Price Information

Listing Price Info

Price Summary:

  • List Price: $462,000
  • Price Per SqFt: $126/SqFt

Tax Information:

  • Annual Amount: $2,556
  • 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

545 Palomas Dr SE vs Albuquerque

122 DAYS ON ROCKET

+95 Days

$462,000

+$126.3K More

$126/SqFt

-$74 Less

KEY TAKEAWAY

This property is $126.3K more than the Median Sold Price and $74/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: #1054715

Listing Office:

  • Office Name: EA Property Management
  • Office Phone: (505) 750-0255
  • Listing Agent: Karl Kessler

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, 11:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 16, 2005Home Sold
$154,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,556$59,583
2019$2,392$57,848
2018$2,319$56,164
2017$2,319$54,528

History based on county public records data.

Payment Calculator

$2,373

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,452

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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-2719277
4
/10

  • Whittier Elementary School

  • 1110 Quincy St SE

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-2719278
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 3.99 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2719279
3
/10

  • Wilson Middle School

  • 1138 Cardenas Dr SE

  • 0.68 miles

  • Public District Grades 6-8

High School

school-card-donut-2719280
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 0.50 miles

  • Public District Grades 9-12

school-card-donut-2719281
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.24 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 $24,315. Most Albuquerque, NM residents have annual incomes less than $35k. The most common type of family 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›87108›545 Palomas Dr SE

This home is located at 545 Palomas Dr SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This 3,664 square foot home, which was built in 1963, sits on a 0.16 acre lot. It has been listed on Rocket Homes since December 28, 2023 and is currently priced at $462,000.

While more than 141 listings in Albuquerque, NM in March 2024 were sold above asking price, there were more than 121 listings sold at asking price, and more than 217 were sold below. The number of listings in Albuquerque, NM decreased by 8.3% between February 2024 and March 2024. Listings spent 27 days on the market in March 2024, and had a median list price of $335,689 during the same period.

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

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