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741 Tramway Lane Northeast

741 Tramway Lane Northeast, Albuquerque, NM 87122
Sold Dec 20, 2016
$331,500
$265,200 by Legacy Mortgage Llc
Mortgage Due Jan 01, 2047
Sold Dec 20, 2016
$331,500
$265,200 by Legacy Mortgage Llc
Mortgage Due Jan 01, 2047
741 Tramway Lane 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 1979 and is 45 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 741 Tramway Lane Northeast has 2,017 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 31,450 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. The building has a flat style roof made of tar and gravel. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a forced air unit 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. 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, 741 Tramway Lane Northeast sold most recently in Dec 16, 2016 for a total of $331,500. If you work out the math, that's approximately a cost of $164.35 per sqft. Before that, the property was also sold for $331,500 in Dec 19, 2016. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $4,659 in taxes each year. 741 Tramway Lane Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $150,016. If we break it down further, the land itself was valued at $43,705. Improvements to the property, however, were assessed at a total of $106,311. 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: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 31,450
  • Total Building Area: 2,017
  • Gross Building Area: 2,017
  • Building Area: 2,017
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,017
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SANDIA HEIGHTS SOUTH
  • Land Acres: 0.722
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *741 SUBD OF TRS 3 & 4 IN SANDIA HEIGHTS SOUTH UNIT 7 & ADJO INING SOUTH

Ownership

  • Current Owner : MARTINEZ MATTHEW T
  • Previous Owner : MEYER SANDRA L
  • Previous Owner 2: MEYER RUSSELL J
  • Owner Before Previous Owner: MEYER SANDRA L
  • Owner Before Previous Owner 2: MEYER HENRY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 940500

Geography

  • Subdivision Tract Number: 4
  • Parcel: 1-023-064-144-400-3-05-22
  • Lot: 741
  • Municipality: UNINCORPORATED
  • Latitude: 35.1852
  • Longitude: -106.493

    Address

  • Full Address: 741 Tramway Ln Ne
  • Legal Unit: 7
  • Address - House Number: 741
  • Street Segment Direction: NE
  • Address - Street Name: Tramway
  • Address - Suffix Type: Ln
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C005
  • 4-Digit Zip Code: 1601
  • Zip Code: 87122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,659
  • Tax Rate Code Area: X1A

    Appraisal Valuation

  • Standard Deviation: 0.1988
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 548,714
  • High Value: 657,827
  • Low Value: 439,601

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $265,200
  • First Open Lien Mortgage Lender: LEGACY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 20, 2016
  • First Open Lien Mortgage Loan Amount: $265,200
  • 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: Jan 01, 2047

    Market Valuation

  • Market Total Value: $450,093
  • Market Land Value: $131,127
  • Market Improvement Value: $318,966

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,016
  • Assessed Land Value: $43,705
  • Assessed Improvements Value: $106,311

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 16, 2016
  • Current Sale Recording Date: Dec 20, 2016
  • Current Sale Transaction ID: 1929727994
  • Current Sale Price: $331,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016118520
  • Previous Sale Recording Date: Dec 20, 2016
  • Previous Sale Contract Date: Dec 19, 2016
  • Previous Sale Amount: $331,500
  • Previous Sale Document Type: Affidavit of Death of Joint Tenant

    Last Sale Mortgage

  • First Mortgage Lender: LEGACY MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 20, 2016
  • First Mortgage Loan Amount: $265,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: LEGACY MORTGAGE LLC
  • Previous Mortgage Transaction Date: Dec 20, 2016
  • Previous Mortgage Loan Amount: $265,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2047

About Sandia Heights South



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Nearby Rentals

Unit for rent at 795 Tramway Lane Ne, Albuquerque, NM, 87122

$3,295 /mo

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795 Tramway Lane Ne #B, Albuquerque, NM, 87122 Listing by Janet McDavid-Fitak
Unit for rent at 868 Tramway Lane Court, Albuquerque, NM, 87122

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868 Tramway Lane Court #B, Albuquerque, NM, 87122 Listing by Svemir Savic

Frequently Asked Questions

What neighborhood is 741 Tramway Lane Northeast located in?
The 741 Tramway Lane Northeast is a located in the neighborhood of Sandia Heights South in Sandia Heights South, Albuquerque.
What is the average sales price for listings in 741 Tramway Lane Northeast?
The average sales price for units in 741 Tramway Lane Northeast is $0 currently.

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