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581 Montecito Drive

581 Montecito Drive, Alamogordo, NM 88310
Property in Otero
Sold Apr 24, 2019
$324,800
$331,807 by Bank 34
Mortgage Due May 01, 2049
Sold Aug 22, 2018
$301,300
$241,000 by Bank 34
Mortgage Due Aug 21, 2019
Local assessors in Alamogordo, NM have categorized 581 Montecito Drive as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 10,629 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 2 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 581 Montecito Drive has a total of 2,150 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. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. The building has a hip style roof that was made of composition shingle. Residents rely on a refrigeration air conditioning system for their cooling system. 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, 581 Montecito Drive sold most recently in Apr 24, 2019 for a total of $324,800. If you work out the math, that's approximately a cost of $151.07 per sqft. Before that, the property was also sold for $301,300 in Aug 20, 2018. 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 $2,779 in taxes each year. 581 Montecito Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $107,528. If we break it down further, the land itself was valued at $10,942. Improvements to the property, however, were assessed at a total of $96,586. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,629
  • Total Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,150
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELLA VISTA
  • Land Acres: 0.244
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBD: BELLA VISTA LOT 124

Ownership

  • Current Owner : SCHER DAVID HARRISON
  • Previous Owner : JOE BOUMA CONSTRUCTION INC
  • Owner Before Previous Owner: BELLA VISTA LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamogordo Public Schools
  • Census Tract: 000304

Geography

  • Account Number: R023863
  • Parcel: 01N4055091306607
  • Lot: 124
  • Municipality: BELLA VISTA B
  • Latitude: 32.9433
  • Longitude: -105.953

    Address

  • Full Address: 581 Montecito Dr
  • Address - House Number: 581
  • Address - Street Name: Montecito
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Alamogordo
  • Carrier Code: R003
  • 4-Digit Zip Code: 8728
  • Zip Code: 88310

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,779
  • Tax Rate Code Area: 01_R

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 71
  • Final Value: 381,799
  • High Value: 461,616
  • Low Value: 301,982

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $331,807
  • First Open Lien Mortgage Lender: BANK 34
  • First Open Lien Mortgage Recording Date: Apr 24, 2019
  • First Open Lien Mortgage Loan Amount: $331,807
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 01, 2049

    Market Valuation

  • Market Total Value: $322,582
  • Market Land Value: $32,825
  • Market Improvement Value: $289,757

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,528
  • Assessed Land Value: $10,942
  • Assessed Improvements Value: $96,586

    Sales

  • Current Sale Contract Date: Apr 24, 2019
  • Current Sale Recording Date: Apr 24, 2019
  • Current Sale Transaction ID: 11608426360
  • Current Sale Price: $324,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201903165
  • Previous Sale Recording Date: Aug 22, 2018
  • Previous Sale Contract Date: Aug 20, 2018
  • Previous Sale Amount: $301,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK 34
  • First Mortgage Transaction Date: Apr 24, 2019
  • First Mortgage Loan Amount: $331,807
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: BANK 34
  • Previous Mortgage Transaction Date: Aug 22, 2018
  • Previous Mortgage Loan Amount: $241,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Aug 21, 2019

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Frequently Asked Questions

What neighborhood is 581 Montecito Drive located in?
The 581 Montecito Drive is a located in the neighborhood of Otero in Alamogordo, Alamogordo.
What is the average sales price for listings in 581 Montecito Drive?
The average sales price for units in 581 Montecito Drive is $0 currently.

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