28 days on rocket

311 Princeton Dr SE, Albuquerque, NM, 87106

$459,974

Home List Price

$5,462*

Closing Credit

2 Bedrooms
1 Bath
2,709 SqFt
$170/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

311 Princeton Dr SE, Albuquerque$459,974

Buyer Closing Credits

$5,462*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
Year Built1940
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1061818
Lot Size0.16 Acres
StatusActive

About 311 Princeton Dr SE

311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.The owner has positioned this sale to make it easy for an owner occupant to view the main house.Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 2,709 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, Vinyl, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Albuquerque High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Jefferson Middle School, Public District Grades 6-8
  • Monte Vista Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-25 and Coal - east to Princeton, north to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $459,974
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $3,301
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$201

Avg. Days On Market

26

# of Sold Homes

556

311 Princeton Dr SE vs Albuquerque

28 DAYS ON ROCKET

+2 Days

$459,974

+$124.3K More

$170/SqFt

-$31 Less

KEY TAKEAWAY

This property is $124.3K more than the Median Sold Price and $31/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: #1061818

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: 6/1/2024, 10:20:31 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

YEARPROP. TAXASSESSMENT
2020$3,301$78,957
2019$3,085$76,658
2018$2,988$74,424
2017$2,988$72,258

History based on county public records data.

Payment Calculator

$2,363

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,446

Powered By

Rocket Mortgage

Advertisement

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

school-card-donut-6301025
6
/10

  • Monte Vista Elementary School

  • 3211 Monte Vista Blvd NE

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-6301026
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 2.10 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6301027
4
/10

  • Jefferson Middle School

  • 712 Girard Blvd NE

  • 0.87 miles

  • Public District Grades 6-8

High School

school-card-donut-6301028
5
/10

  • Albuquerque High School

  • 800 Odelia Rd NE

  • 1.74 miles

  • Public District Grades 9-12

school-card-donut-6301029
6
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.29 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 $23,529. The majority of Albuquerque, NM residents have income less than $35k annually. Residents typically live in single, no kids family. 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›87106›311 Princeton Dr SE

This home is located at 311 Princeton Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 2,709 square foot home, which was built in 1940, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 04, 2024 and is currently priced at $459,974.

Over 170 listings were sold over their listed price in April 2024 in Albuquerque, NM. In the same period over 230 listings were sold below the listed price and 156 listings were sold for the listed price. The number of homes for sale in Albuquerque, NM decreased by 4.2% between March 2024 and April 2024. Listings spent 26 days on the market in April 2024, and had a median list price of $335,623 during the same period.

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

More Resources