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228 Sierra Drive Southeast

228 Sierra Drive Southeast, Albuquerque, NM 87108
Property in Nob Hill
Sold Feb 26, 2024
$404,320
$304,000 by Oaktree Funding Corp.
Mortgage Due Mar 01, 2054
Sold Aug 01, 2018
$268,700
$265,109 by Legacy Mortgage Llc
Mortgage Due Sep 01, 2048
228 Sierra Drive Southeast has been categorized by the local assessors in Albuquerque, NM as a residential type of property. The building on the property was first built in 1951 and is 73 years old. The home has a total of 9 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 228 Sierra Drive Southeast has 1,880 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,750 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as fair. The building has a flat style roof made of tar and gravel. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 228 Sierra Drive Southeast was last sold in Feb 23, 2024 for $404,320. According to our calculations, that's $215.06 per sqft. Prior to that sales transaction, the property was sold for $268,700 in Aug 1, 2018. Current property owners are expected to pay $2,834 in taxes per year. The property on 228 Sierra Drive Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $66,321. To break that down further, the land itself was valued at $17,518. While improvements to the property were assessed at a total of $48,803. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Fair
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Total Building Area: 1,880
  • Gross Building Area: 1,880
  • Building Area: 1,880
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,880
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GRANDE ADD
  • Land Acres: 0.132
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: * 001 012MESA GRANDE ADD

Ownership

  • Current Owner : 02-22 231 SIERRA LLC
  • Previous Owner : KESANI INVESTMENTS LLC
  • Owner Before Previous Owner: LISTEK JOSEPH M
  • Owner Before Previous Owner 2: JIMENEZ JOANNE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 000504

Geography

  • Parcel: 1-017-057-199-149-3-29-09
  • Block: 12
  • Lot: 1
  • Municipality: ALBUQUERQUE
  • Latitude: 35.077
  • Longitude: -106.598

    Address

  • Full Address: 228 Sierra Dr Se
  • Legal Unit: 1
  • Address - House Number: 228
  • Street Segment Direction: SE
  • Address - Street Name: Sierra
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C003
  • 4-Digit Zip Code: 2764
  • Zip Code: 87108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,834
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.4292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 14
  • Final Value: 215,958
  • High Value: 308,660
  • Low Value: 123,255

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $407,000
  • First Open Lien Mortgage Lender: OAKTREE FUNDING CORP.
  • First Open Lien Mortgage Recording Date: Feb 26, 2024
  • First Open Lien Mortgage Loan Amount: $304,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2054
  • Second Open Lien Mortgage Lender: KESANI INVESTMENTS LLC
  • Second Open Lien Mortgage Recording Date: Mar 04, 2024
  • Second Open Lien Mortgage Loan Amount: $103,000
  • Second Open Lien Mortgage Term: 264
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2046

    Market Valuation

  • Market Total Value: $198,983
  • Market Land Value: $52,559
  • Market Improvement Value: $146,424

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,321
  • Assessed Land Value: $17,518
  • Assessed Improvements Value: $48,803

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 26, 2024
  • Current Sale Transaction ID: 11922214588
  • Current Sale Price: $404,320
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12420
  • Previous Sale Recording Date: Aug 01, 2018
  • Previous Sale Contract Date: Aug 01, 2018
  • Previous Sale Amount: $268,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OAKTREE FUNDING CORP.
  • First Mortgage Transaction Date: Feb 26, 2024
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: LEGACY MORTGAGE LLC
  • Previous Mortgage Transaction Date: Aug 01, 2018
  • Previous Mortgage Loan Amount: $265,109
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2048

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Frequently Asked Questions

What neighborhood is 228 Sierra Drive Southeast located in?
The 228 Sierra Drive Southeast is a located in the neighborhood of Nob Hill in Nob Hill, Albuquerque.
What is the average sales price for listings in 228 Sierra Drive Southeast?
The average sales price for units in 228 Sierra Drive Southeast is $0 currently.

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