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521 Palomas Drive Northeast

521 Palomas Drive Northeast, Albuquerque, NM 87108
Property in Fair West
Sold Feb 27, 2017
$1,329,200
$180,000 by Castle & Cooke Mortgage Llc
Mortgage Due Nov 01, 2035
Sold Sep 23, 2013
$176,000
$173,700 by Castle & Cooke Mortgage Llc
Mortgage Due Oct 01, 2043
521 Palomas Drive Northeast 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 1953 and is 71 years old. The home has a total of 7 rooms. 3 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, 521 Palomas Drive Northeast has 2,774 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 7,492 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 shingle (not wood). While the interior walls have been made of plaster. 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. The property was last sold in Feb 21, 2017 for $1,329,200. That's $479.16 per sqft. Prior to that sales transaction, the property was also sold in Sep 20, 2013 for $176,000. 521 Palomas Drive Northeast was last assessed in 2023. The total value of the property was assessed at $91,269. Specifically, the land the property is located on was valued at $8,267. While improvements on the property were assessed at a total of $83,002. 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 $3,900. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Fair
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Total Building Area: 2,774
  • Gross Building Area: 2,774
  • Building Area: 2,774
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,774
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TIJERAS PLACE ADD
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LTS 13, 14, 15 AND THE N'LY 2 FT OF LT 16 BLK 10 TIJERAS PLACE ADD'N CONT .1722 AC

Ownership

  • Current Owner : GRACE STONE NICHOLAS GEORGE
  • Current Owner 2: GRACE STONE DANIELA IVONNE
  • Previous Owner : GRACE STONE NICHOLAS G
  • Previous Owner 2: GRACE STONE DANIELA I
  • Owner Before Previous Owner: MOLAIN WILLIAM H
  • Owner Before Previous Owner 2: MOLAIN FRANCES
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 000501

Geography

  • Parcel: 1-018-057-100-355-2-20-05
  • Block: 10
  • Lot: 13-16
  • Municipality: ALBUQUERQUE
  • Latitude: 35.0825
  • Longitude: -106.583

    Address

  • Full Address: 521 Palomas Dr Ne
  • Address - House Number: 521
  • Street Segment Direction: NE
  • Address - Street Name: Palomas
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C024
  • 4-Digit Zip Code: 1625
  • Zip Code: 87108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,900
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.2087
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 433,102
  • High Value: 523,517
  • Low Value: 342,687

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,243,351
  • First Open Lien Mortgage Lender: CASTLE & COOKE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 14, 2020
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035
  • Second Open Lien Mortgage Lender: CASTLE & COOKE MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: Feb 27, 2017
  • Second Open Lien Mortgage Loan Amount: $1,063,351
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2047

    Market Valuation

  • Market Total Value: $273,836
  • Market Land Value: $24,804
  • Market Improvement Value: $249,032

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,269
  • Assessed Land Value: $8,267
  • Assessed Improvements Value: $83,002

    Sales

  • Current Sale Contract Date: Feb 21, 2017
  • Current Sale Recording Date: Feb 27, 2017
  • Current Sale Transaction ID: 1806149627
  • Current Sale Price: $1,329,200
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2017017570
  • Previous Sale Recording Date: Sep 23, 2013
  • Previous Sale Contract Date: Sep 20, 2013
  • Previous Sale Amount: $176,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CASTLE & COOKE MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 27, 2017
  • First Mortgage Loan Amount: $1,063,351
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: CASTLE & COOKE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Sep 23, 2013
  • Previous Mortgage Loan Amount: $173,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2043

About Fair West



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Frequently Asked Questions

What neighborhood is 521 Palomas Drive Northeast located in?
The 521 Palomas Drive Northeast is a located in the neighborhood of Fair West in Fair West, Albuquerque.
What is the average sales price for listings in 521 Palomas Drive Northeast?
The average sales price for units in 521 Palomas Drive Northeast is $0 currently.

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