615 Iron Ave SW, Albuquerque, NM, 87102

Location

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615 Iron Ave SW, Albuquerque$1,800,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

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, 6 units at $2,200 market rent.

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

School Info

Assigned Schools Information:

Albuquerque High School, Public District Grades 9-12
Nex Gen Academy, Public District Grades 9-12
Washington Middle School, Public District Grades 6-8
Coronado Elementary School, Public District Grades KG-5
Dolores Gonzales Elementary School, Public District Grades PK-5

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

List Price: $1,800,000
Price Per SqFt: $293/SqFt

Tax Information:

Annual Amount: $588
Tax Year: 2020

What can I afford?

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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

# of Sold Homes

479

615 Iron Ave SW vs Albuquerque

883 DAYS ON ROCKET

+856 Days

$1,800,000

+$1.4M More

$293/SqFt

+$93 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $93/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

The 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: 4/27/2024, 3:25:14 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

YEAR	PROP. TAX	ASSESSMENT
2020	$588	$5,066
2019	$448	$5,066
2018	$927	$9,399
2017	$927	$21,573

History based on county public records data.

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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.

Elementary School

/10

Coronado Elementary School
601 4th St SW
Distance between this listing and this school0.14 miles
Public District Grades KG-5

/10

Dolores Gonzales Elementary School
900 Atlantic Ave SW
Distance between this listing and this school0.32 miles
Public District Grades PK-5

Middle School

/10

Washington Middle School
1101 Park Ave SW
Distance between this listing and this school0.51 miles
Public District Grades 6-8

High School

/10

Albuquerque High School
800 Odelia Rd NE
Distance between this listing and this school1.58 miles
Public District Grades 9-12

/10

Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school5.43 miles
Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

78%

<35k

21%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 65%
Post Secondary: 30%
Masters: 5%

What types of families live nearby?

70%

Single, No Kids

Single, with Kids

12%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 69%
Home Owners: 31%

How old are people in this area?

10%

<11 yrs old

12-17 yrs old

26%

18-34 yrs old

49%

35-64 yrs old

11%

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer

Where do the neighbors shop?

Burlington
H&M
Ross Dress For Less

Where do the neighbors go to eat?

White Castle
Boston Market
Popeyes

What do the neighbors drive?

Kia
Honda
Nissan

What do the neighbors listen to?

Urban Adult Contemporary
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $13,438. Most Albuquerque, NM residents have annual incomes less than $35k. Most families are 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 $1,800,000.

Over 141 listings were sold over their listed price in March 2024 in Albuquerque, NM. In the same period over 217 listings were sold below the listed price and 121 listings were sold for the listed price. In March 2024 in Albuquerque, NM there were 8.3% less homes for sale than in February 2024. The median list price of listings available in March 2024 was $335,689, while the average time on the real estate market was 27 days.

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

Location

Property Highlights

Property Details

Property Features

Interior Features

Lot Features

Utilities

School Info

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Tax History

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

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