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525 Reclining Acres Road

525 Reclining Acres Road, Corrales, NM 87048
Property in Sandoval
Sold Jul 28, 2020
$522,800
$418,250 by First American Bank
Mortgage Due Aug 01, 2035
Sold Apr 29, 2014
$316,300
$253,000 by Stearns Lending Inc
Mortgage Due May 01, 2044
Local assessors in Corrales, NM have categorized 525 Reclining Acres Road as a residential type of property. The home was built in 1978 and is 46 years old. It was most recently renovated and altered in 2018. The property's lot size has been calculated to be 43,560 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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. If we look only at the heated or air conditioned part of the building, then 525 Reclining Acres Road has a total of 3,226 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 property was last sold in Jul 23, 2020 for $522,800. That's $162.06 per sqft. Prior to that sales transaction, the property was also sold in Apr 24, 2014 for $316,300. 525 Reclining Acres Road was last assessed in 2023. The total value of the property was assessed at $156,262. Specifically, the land the property is located on was valued at $31,533. While improvements on the property were assessed at a total of $124,729. 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 $5,087. 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. 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: 1978
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,226
  • Gross Building Area: 3,226
  • Building Area: 3,226
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,226
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RECLINING ACRES
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEGAL: SUBD: RECLINING ACRES LOT: 25 AND:- LOT: 26

Ownership

  • Current Owner : ACKERMAN ANNETTE M
  • Current Owner 2: ACKERMAN NELSON L
  • Previous Owner : ACKERMAN NELSON LEE
  • Previous Owner 2: ACKERMAN ANNETTE
  • Owner Before Previous Owner: ACKERMAN NELSON
  • Owner Before Previous Owner 2: ACKERMAN ANNETTE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Albuquerque Public Schools
  • School Tax School District: 2A - CORRALES
  • Census Tract: 010602

Geography

  • Account Number: R018759
  • District: 2
  • Parcel: R018759
  • Lot: 25
  • Municipality: CORRALES
  • Latitude: 35.2325
  • Longitude: -106.643

    Address

  • Full Address: 525 Reclining Acres Rd
  • Address - House Number: 525
  • Address - Street Name: Reclining Acres
  • Address - Suffix Type: Rd
  • State: NM
  • City Name: Corrales
  • Carrier Code: H066
  • 4-Digit Zip Code: 7311
  • Zip Code: 87048

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,087
  • Tax Rate Code Area: 203CSH_R

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 74
  • Final Value: 666,815
  • High Value: 794,247
  • Low Value: 539,382

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $418,250
  • First Open Lien Mortgage Lender: FIRST AMERICAN BANK
  • First Open Lien Mortgage Recording Date: Jul 28, 2020
  • First Open Lien Mortgage Loan Amount: $418,250
  • 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: Aug 01, 2035

    Market Valuation

  • Market Total Value: $468,785
  • Market Land Value: $94,599
  • Market Improvement Value: $374,186

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $156,262
  • Assessed Land Value: $31,533
  • Assessed Improvements Value: $124,729

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Transaction ID: 11779230759
  • Current Sale Price: $522,800
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2020019021
  • Previous Sale Recording Date: Apr 29, 2014
  • Previous Sale Contract Date: Apr 24, 2014
  • Previous Sale Amount: $316,300
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: FIRST AMERICAN BANK
  • First Mortgage Transaction Date: Jul 28, 2020
  • First Mortgage Loan Amount: $418,250
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: STEARNS LENDING INC
  • Previous Mortgage Transaction Date: Apr 29, 2014
  • Previous Mortgage Loan Amount: $253,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2044

About Corrales



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Frequently Asked Questions

What neighborhood is 525 Reclining Acres Road located in?
The 525 Reclining Acres Road is a located in the neighborhood of Sandoval in Corrales, Corrales.
What is the average sales price for listings in 525 Reclining Acres Road?
The average sales price for units in 525 Reclining Acres Road is $0 currently.

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