24 days on rocket

423 Princeton Dr SE, Albuquerque, NM, 87106

$508,245

Home List Price

$6,035*

Closing Credit

1 Bath
2,056 SqFt
$247/SqFt
Multi
Schools Nearby

Location

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423 Princeton Dr SE, Albuquerque$508,245

Buyer Closing Credits

$6,035*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1940
HeatingCentral, Forced Air
CoolingEvaporative Cooling
BasementYes
MLS #1062189
Lot Size0.16 Acres
StatusActive

About 423 Princeton Dr SE

423 Princeton SE is located just 4 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 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 2,056 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: Yes
  • Flooring Type: Carpet, Tile, Wood

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
  • Wilson Middle School, Public District Grades 6-8
  • Bandelier 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, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $508,245
  • Price Per SqFt: $247/SqFt

Tax Information:

  • Annual Amount: $2,203
  • 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

$201

Avg. Days On Market

26

# of Sold Homes

556

423 Princeton Dr SE vs Albuquerque

24 DAYS ON ROCKET

-2 Days

$508,245

+$172.6K More

$247/SqFt

+$46 More

KEY TAKEAWAY

This property is $172.6K more than the Median Sold Price and $46/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: #1062189

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, 9:20:31 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$2,203$51,367
2019$2,062$49,872
2018$1,999$48,419
2017$1,999$47,009

History based on county public records data.

Payment Calculator

$2,604

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,590

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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-6275321
6
/10

  • Bandelier Elementary School

  • 3309 Pershing Ave SE

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-6275322
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 2.13 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6275323
4
/10

  • Wilson Middle School

  • 1138 Cardenas Dr SE

  • 2.27 miles

  • Public District Grades 6-8

High School

school-card-donut-6275324
5
/10

  • Albuquerque High School

  • 800 Odelia Rd NE

  • 1.89 miles

  • Public District Grades 9-12

school-card-donut-6275325
6
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.46 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. Residents of Albuquerque, NM typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87106›423 Princeton Dr SE

This home is located at 423 Princeton Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 2,056 square foot home, which was built in 1940, sits on a 0.16 acre lot. Features: 1 bathroom. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $508,245.

While more than 170 listings in Albuquerque, NM in April 2024 were sold above asking price, there were more than 156 listings sold at asking price, and more than 230 were sold below. In April 2024 in Albuquerque, NM there were 4.2% less homes for sale than in March 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.

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