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523 Amherst Drive Southeast

523 Amherst Drive Southeast, Albuquerque, NM 87106
Sold Jan 31, 2020
$396,600
$500,000 by Guaranty Home Mortgage Corpora
Mortgage Due Mar 01, 2052
Local assessors in Albuquerque, NM have categorized 523 Amherst Drive Southeast as a residential type of property. The home was built in 1939 and is 85 years old. The property's lot size has been calculated to be 9,801 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 523 Amherst Drive Southeast has a total of 3,053 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is fair. The building has a roof that is made of shingle (not wood). While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. The home's a forced air unit is the primary heating source and it is 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. According to our sources, 523 Amherst Drive Southeast sold most recently in Jan 27, 2020 for a total of $396,600. If you work out the math, that's approximately a cost of $129.91 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,207 in taxes each year. 523 Amherst Drive Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $98,438. If we break it down further, the land itself was valued at $27,340. Improvements to the property, however, were assessed at a total of $71,098. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Fair
  • Interior Walls Type: Plaster
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Business/Commerical Units Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,801
  • Total Building Area: 3,053
  • Gross Building Area: 3,053
  • Building Area: 3,053
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,053
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MONTEREY HILLS SUBDIVISION
  • Land Acres: 0.225
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LOT 1 & S 20' OF LOT 2 BLK 2 MONTEREY HILLS

Ownership

  • Current Owner : BERMUDEZ FAUSTINO J
  • Current Owner 2: KARLER MARGARET A
  • Previous Owner : KARIER MARGARET A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 001102

Geography

  • Parcel: 1-016-056-468-507-1-33-01
  • Block: 2
  • Lot: 1-2
  • Municipality: ALBUQUERQUE
  • Latitude: 35.072
  • Longitude: -106.606

    Address

  • Full Address: 523 Amherst Dr Se
  • Legal Unit: 1
  • Address - House Number: 523
  • Street Segment Direction: SE
  • Address - Street Name: Amherst
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C010
  • 4-Digit Zip Code: 1501
  • Zip Code: 87106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,207
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.2124
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 572,329
  • High Value: 693,945
  • Low Value: 450,713

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: GUARANTY HOME MORTGAGE CORPORA
  • First Open Lien Mortgage Recording Date: Feb 07, 2022
  • First Open Lien Mortgage Loan Amount: $500,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $295,341
  • Market Land Value: $82,027
  • Market Improvement Value: $213,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,438
  • Assessed Land Value: $27,340
  • Assessed Improvements Value: $71,098

    Sales

  • Current Sale Contract Date: Jan 27, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Transaction ID: 11727070367
  • Current Sale Price: $396,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020009688

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jan 31, 2020
  • First Mortgage Loan Amount: $317,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

About Southeast Heights



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Frequently Asked Questions

What neighborhood is 523 Amherst Drive Southeast located in?
The 523 Amherst Drive Southeast is a located in the neighborhood of Southeast Heights in Southeast Heights, Albuquerque.
What is the average sales price for listings in 523 Amherst Drive Southeast?
The average sales price for units in 523 Amherst Drive Southeast is $0 currently.

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