3 months on rocket

7919 Bell Ave SE, Albuquerque, NM, 87108

$1,849,171

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Baths
13,614 SqFt
$136/SqFt
Multi
Schools Nearby

Location

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7919 Bell Ave SE, Albuquerque$1,849,171

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1980
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1054785
Lot Size1.58 Acres
StatusActive

About 7919 Bell Ave SE

NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico.The sellers are offering financing to qualified investors (*) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. (*subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax consequences and cash out.Additionally, the portfolio is priced 23% below comps.

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 1
  • Living Area: 13,614 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: Carpet, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 1.58 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
  • Van Buren Middle School, Public District Grades 6-8
  • Wherry Elementary School, Public District Grades PK-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Please review flyer for location info on all 11 units.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,849,171
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $785
  • 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

7919 Bell Ave SE vs Albuquerque

116 DAYS ON ROCKET

+89 Days

$1,849,171

+$1.5M More

$136/SqFt

-$64 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $64/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: #1054785

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: 4/27/2024, 2:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 08, 2004Home Sold
$63,000
Sep 04, 2001Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2020$785$18,308
2019$735$17,775
2018$713$17,257
2017$713$16,755

History based on county public records data.

Payment Calculator

$9,297

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,610

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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-986497
1
/10

  • Wherry Elementary School

  • Bldg 25000 Kafb

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-986498
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 5.38 miles

  • Public District Grades KG-5

Middle School

school-card-donut-986499
3
/10

  • Van Buren Middle School

  • 700 Louisiana Blvd SE

  • 0.56 miles

  • Public District Grades 6-8

High School

school-card-donut-986500
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 1.86 miles

  • Public District Grades 9-12

school-card-donut-986501
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.49 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 $24,123. Residents of Albuquerque, NM typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›7919 Bell Ave SE

This home is located at 7919 Bell Ave SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 13,614 square foot home, which was built in 1980, sits on a 1.58 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 02, 2024 and is currently priced at $1,849,171.

In March 2024, from all listings sold in Albuquerque, NM there were more than 141 sold above asking price, over 217 sold below and more than 121 were sold right at the asked price. 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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