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440 Princeton Drive Southeast

440 Princeton Drive Southeast, Albuquerque, NM 87106
Commercial in University Heights
Local assessors in Albuquerque, NM have categorized 440 Princeton Drive Southeast as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 7,100 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. 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, 440 Princeton Drive Southeast was last sold in Aug 19, 2019 for $250,000. According to our calculations, that's $45.29 per sqft. Prior to that sales transaction, the property was sold for $1,428,000 in May 22, 2015. Current property owners are expected to pay $3,041 in taxes per year. The property on 440 Princeton Drive Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $71,166. To break that down further, the land itself was valued at $13,423. While improvements to the property were assessed at a total of $57,743. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Stucco Exterior

Parking

Assigned Parking
Guest Parking
Parking Lot
Paved Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190629
06/29/2019
Studio
-
5600 ft²
$520,000
bedrooms
Studio
bathrooms
-
square feet
5600 ft²
$250,000 -51.92%
08/19/2019
Rickert Prop Team

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Total Building Area: 5,520
  • Gross Building Area: 5,520
  • Building Area: 5,520
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY HTS ADD
  • Land Acres: 0.163
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: * 011 021UNIVERSITY HTS ADDS

Ownership

  • Current Owner : KOENLGSBERG PETER S
  • Current Owner 2: KOENIGSBERG MICHELE R
  • Previous Owner : BRENAN RYAN
  • Owner Before Previous Owner: FLOWERS ARLENE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 001702

Geography

  • Parcel: 1-016-057-194-043-3-10-23
  • Block: 21
  • Lot: 11
  • Municipality: ALBUQUERQUE
  • Latitude: 35.074
  • Longitude: -106.615

    Address

  • Full Address: 440 Princeton Dr Se
  • Legal Unit: 11
  • Address - House Number: 440
  • Street Segment Direction: SE
  • Address - Street Name: Princeton
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C023
  • 4-Digit Zip Code: 2839
  • Zip Code: 87106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,041
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.4292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 14
  • Final Value: 227,059
  • High Value: 324,526
  • Low Value: 129,591

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: BOKF NA
  • First Open Lien Mortgage Recording Date: Aug 19, 2019
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 19, 2024

    Market Valuation

  • Market Total Value: $213,519
  • Market Land Value: $40,273
  • Market Improvement Value: $173,246

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,166
  • Assessed Land Value: $13,423
  • Assessed Improvements Value: $57,743

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 19, 2019
  • Current Sale Transaction ID: 11637716377
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019069807
  • Previous Sale Recording Date: May 27, 2015
  • Previous Sale Contract Date: May 22, 2015
  • Previous Sale Amount: $1,428,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BOKF NA
  • First Mortgage Transaction Date: Aug 19, 2019
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 19, 2024

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NEW MEXICO BANK OF SILVE
  • Previous Mortgage Transaction Date: May 27, 2015
  • Previous Mortgage Loan Amount: $1,142,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About University Heights



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Frequently Asked Questions

What neighborhood is 440 Princeton Drive Southeast located in?
The 440 Princeton Drive Southeast is a commercial located in the neighborhood of University Heights in University Heights, Albuquerque.
What is the average sales price for listings in 440 Princeton Drive Southeast?
The average sales price for units in 440 Princeton Drive Southeast is $520,000 , or $93/sqft. currently.

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