312 Adams Street Southeast

312 Adams Street Southeast has been categorized by the local assessors in Albuquerque, NM as a commercial type of property. The building on the property was first built in 2009 and is 15 years old. In addition, 312 Adams Street Southeast has 1,565 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 3,223 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. 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. The property was last sold in Jan 23, 2024 for $199,500. That's $127.48 per sqft. 312 Adams Street Southeast was last assessed in 2023. The total value of the property was assessed at $39,636. Specifically, the land the property is located on was valued at $4,069. While improvements on the property were assessed at a total of $35,567. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,902. The initial tax year of delinquency was in 2019. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.