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509 Madeira Drive Southeast

509 Madeira Drive Southeast, Albuquerque, NM 87108
Property in South San Pedro
Sold Jan 13, 2004
$150,000
$120,000 by Regions Bank
Mortgage Due Jan 18, 2034
Sold Nov 12, 2002
$100,900
$80,750 by New Century Mtg Corp
Mortgage Due Nov 01, 2032
509 Madeira Drive Southeast in Albuquerque, NM was first built in 1983 and is 41 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. In total, the area measurement of the land is 6,752 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of tar and gravel. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing baseboard heaters and being fueled with electricity. 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, 509 Madeira Drive Southeast was last sold in Jan 8, 2004 for $150,000. According to our calculations, that's $43.37 per sqft. Prior to that sales transaction, the property was sold for $100,900 in Nov 7, 2002. Current property owners are expected to pay $3,005 in taxes per year. The property on 509 Madeira Drive Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $70,320. To break that down further, the land itself was valued at $11,301. While improvements to the property were assessed at a total of $59,019. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,752
  • Total Building Area: 3,459
  • Gross Building Area: 3,459
  • Building Area: 3,459
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARONBURG HEIGHTS
  • Land Acres: 0.155
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: * 005 007MENDELSBERG BARON BURG HTS

Ownership

  • Current Owner : OTERO JOHNNY
  • Current Owner 2: OTERO CORRINE A
  • Previous Owner : OTERO ARTHUR
  • Owner Before Previous Owner: THE CHASE MANHATTAN BANK

Neighborhood

  • School District Name: Albuquerque Public Schools
  • Census Tract: 000905

Geography

  • Parcel: 1-018-056-056-505-2-26-09
  • Block: 7
  • Lot: 5
  • Municipality: ALBUQUERQUE
  • Latitude: 35.0721
  • Longitude: -106.584

    Address

  • Full Address: 509 Madeira Dr Se
  • Legal Unit: 5
  • Address - House Number: 509
  • Street Segment Direction: SE
  • Address - Street Name: Madeira
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Albuquerque
  • Carrier Code: C025
  • 4-Digit Zip Code: 3690
  • Zip Code: 87108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,005
  • Tax Rate Code Area: A1A

    Appraisal Valuation

  • Standard Deviation: 0.4292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 14
  • Final Value: 225,122
  • High Value: 321,758
  • Low Value: 128,485

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Jan 13, 2004
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 18, 2034

    Market Valuation

  • Market Total Value: $210,982
  • Market Land Value: $33,907
  • Market Improvement Value: $177,075

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,320
  • Assessed Land Value: $11,301
  • Assessed Improvements Value: $59,019

    Sales

  • Current Sale Contract Date: Jan 08, 2004
  • Current Sale Recording Date: Jan 13, 2004
  • Current Sale Transaction ID: 1062958582
  • Current Sale Price: $150,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2004004619
  • Previous Sale Recording Date: Nov 12, 2002
  • Previous Sale Contract Date: Nov 07, 2002
  • Previous Sale Amount: $100,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Jan 13, 2004
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 18, 2034

    Previous Mortgages

  • Previous Mortgage Lender: NEW CENTURY MTG CORP
  • Previous Mortgage Transaction Date: Nov 12, 2002
  • Previous Mortgage Loan Amount: $80,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 2032

About South San Pedro



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Frequently Asked Questions

What neighborhood is 509 Madeira Drive Southeast located in?
The 509 Madeira Drive Southeast is a located in the neighborhood of South San Pedro in South San Pedro, Albuquerque.
What is the average sales price for listings in 509 Madeira Drive Southeast?
The average sales price for units in 509 Madeira Drive Southeast is $0 currently.

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