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508 Walter Street Southeast

508 Walter Street Southeast, Albuquerque, NM 87102
508 Walter Street Southeast in Albuquerque, NM was first built in 1901 and is 123 years old. This has been categorized as a residential property type. It is a single story home. 508 Walter Street Southeast has 1,372 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,401 square feet.

Learn more about the property and building on this page. The roof of the home is made of shingle (not wood). Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The condition of the building has been evaluated as fair. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $273,448 in Feb 25, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,568 in taxes each year. 508 Walter Street Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $106,889. If we break it down further, the land itself was valued at $14,132. Improvements to the property, however, were assessed at a total of $92,757. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220126
01/26/2022
Studio
-
1910 ft²
$229,500
bedrooms
Studio
bathrooms
-
square feet
1910 ft²
-
-
-
Gary Shaw
RE/MAX Real Estate

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 2
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Fair
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 1,372
  • Gross Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,372
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND ADD
  • Land Acres: 0.124
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: * 008 030HUNINGS HIGHLAND ADD S 12 1/2FT &N 1/2 L9

Ownership

  • Current Owner : SAVARESE SIMONE A PERELLA
  • Previous Owner : LOPEZ EDWIN MENDOZA
  • Owner Before Previous Owner: LYSENKO SOPHIE M
  • Owner Before Previous Owner 2: LYSENKO STEFAN
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 001500

Geography

  • Parcel: 1-014-057-471-215-4-34-13
  • Block: 30
  • Lot: 8
  • Municipality: ALBUQUERQUE
  • Latitude: 35.0788
  • Longitude: -106.642

    Address

  • Full Address: 508 Walter St Se
  • Legal Unit: 8
  • Address - House Number: 508
  • Street Segment Direction: SE
  • Address - Street Name: Walter
  • Address - Suffix Type: St
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C010
  • 4-Digit Zip Code: 3948
  • Zip Code: 87102

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,568
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.4292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 14
  • Final Value: 316,267
  • High Value: 452,028
  • Low Value: 180,505

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $394,500
  • First Open Lien Mortgage Lender: GENEVA FINANCIAL, LLC
  • First Open Lien Mortgage Recording Date: Jan 19, 2024
  • First Open Lien Mortgage Loan Amount: $394,500
  • 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: Feb 01, 2054

    Market Valuation

  • Market Total Value: $320,700
  • Market Land Value: $42,400
  • Market Improvement Value: $278,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,889
  • Assessed Land Value: $14,132
  • Assessed Improvements Value: $92,757

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Transaction ID: 11913140743
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 56606
  • Previous Sale Recording Date: Feb 28, 2022
  • Previous Sale Contract Date: Feb 25, 2022
  • Previous Sale Amount: $273,448
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GENEVA FINANCIAL, LLC
  • First Mortgage Transaction Date: Sep 01, 2023
  • First Mortgage Loan Amount: $394,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: LOANDEPOTCOM LLC
  • Previous Mortgage Transaction Date: Feb 28, 2022
  • Previous Mortgage Loan Amount: $205,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2052

About Huning Highland Historic District



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Frequently Asked Questions

What neighborhood is 508 Walter Street Southeast located in?
The 508 Walter Street Southeast is a multifamily located in the neighborhood of Huning Highland Historic District in Huning Highland Historic District, Albuquerque.
What is the average sales price for listings in 508 Walter Street Southeast?
The average sales price for units in 508 Walter Street Southeast is $0 currently.

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