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7 Section Road

7 Section Road, La Luz, NM 88337
Property in Otero
Sold Apr 28, 2016
$154,400
$123,500 by Wells Fargo Bank Na
Mortgage Due May 01, 2046
Sold Nov 28, 2012
Transfer
Local assessors in La Luz, NM have categorized 7 Section Road as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 8,712 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 3 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 7 Section Road has a total of 1,676 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. 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with other control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of rock and stone were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7 Section Road was last sold in Apr 27, 2016 for $154,400. According to our calculations, that's $92.12 per sqft. Current property owners are expected to pay $809 in taxes per year. The property on 7 Section Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,457. To break that down further, the land itself was valued at $3,500. While improvements to the property were assessed at a total of $38,957. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Other
  • Exterior Walls Type: Rock and stone
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,676
  • Gross Building Area: 1,676
  • Building Area: 1,676
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,676
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LA LUZ
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBD: LA LUZ LOT 10, 11 PT OF

Ownership

  • Current Owner : LOSER STEVEN M
  • Current Owner 2: LOSER ALICIA M
  • Previous Owner : RICHL TERRY
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamogordo Public Schools
  • Census Tract: 000603

Geography

  • Account Number: R029915
  • Parcel: 01O4055089481393
  • Lot: 10-11
  • Municipality: LA LUZ
  • Latitude: 32.9784
  • Longitude: -105.942

    Address

  • Full Address: 7 Section Rd
  • Address - House Number: 7
  • Address - Street Name: Section
  • Address - Suffix Type: Rd
  • State: NM
  • City Name: La Luz
  • Carrier Code: R002
  • 4-Digit Zip Code: 9623
  • Zip Code: 88337

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $809
  • Tax Rate Code Area: 10_R

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 76
  • Final Value: 237,014
  • High Value: 279,411
  • Low Value: 194,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $123,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 28, 2016
  • First Open Lien Mortgage Loan Amount: $123,500
  • 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: May 01, 2046

    Market Valuation

  • Market Total Value: $127,373
  • Market Land Value: $10,500
  • Market Improvement Value: $116,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,457
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $38,957

    Sales

  • Current Sale Contract Date: Apr 27, 2016
  • Current Sale Recording Date: Apr 28, 2016
  • Current Sale Transaction ID: 1974608805
  • Current Sale Price: $154,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201603269
  • Previous Sale Recording Date: Nov 28, 2012
  • Previous Sale Contract Date: Nov 19, 2012
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 28, 2016
  • First Mortgage Loan Amount: $123,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2046

About La Luz



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Frequently Asked Questions

What neighborhood is 7 Section Road located in?
The 7 Section Road is a located in the neighborhood of Otero in La Luz, La Luz.
What is the average sales price for listings in 7 Section Road?
The average sales price for units in 7 Section Road is $0 currently.

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