$1,100,000 Price Analysis   ♡   Espanola, NM 87532 Unknown bed 0 bath unknown SqFt ($0/SqFt) 11.33 acre lot. Listed 2022-12-08, Taxes $1,045 | Ⓧ USDA Ineligible due to property near Espanola |
As you may know
* Sale Pending *
Northern Cont emporary Mexico is in a housing crisis, thanks to all of the new job growth is in desperate need for more housing. A recent study by the NM Mortgage Finance Authority indicates that New Mexico has a housing shortage of over 32, 000 units. This 11.33 acre site that could potentially support a low density townhouse style community with 66 units. Located down the street from the famous Parasol restaurant and in the heart of Espanola, NM this 11.33 acres site has been held in the family for generations and is now available for development to meet the growing demand for all of the new jobs entering the market.
The property is located in one corner of the Los Alamos/ Espanola / Santa Fe employment triangle which contains 217, 008 people with a median age of 45 and an average household income of $101, 364. This offering is available at $1, 100, 000 or $16, 667 per unit. Projected rents are $1, 825 per unit or $2.61/sf.
Presented by Todd Clarke at
Nm Apartment Advisors, Inc.
Property MLS #202234149 from SantaFe
Lot Size Source: Survey
Lot Size Square Feet: 493535
Calculated Total Monthly Association Fees: 0
High School: Espanola Valley High
Middle School: Carlos F. Vigil Espanola Middle School
Map directions Map directions Map directionsCounty: Santa Fe
Directions: In Espanola, from North Riverside drive and La Joya east to property.
Source Property Type: Land
Distance To Street Comments: On
MLS Area Minor: 31-Espanola
Parcel Number: 174655616
Zoning: R-1, 2, 3, 4, 5, 6
Zoning Description: Multifamily
Property Subtype: Commercial
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $42,531 + $8,191 $50,722 | $1,045 |
| 2021 | $41,292 + $7,953 $49,245 | $938 |
| 2020 | $40,089 + $7,722 $47,811 | $951 |
| 2019 | $38,922 + $7,497 $46,419 | $898 |
| 2018 | $37,789 + $7,279 $45,067 | $785 |
| 2017 | $36,688 + $7,067 $43,755 | $782 |
| 2016 | $36,688 + $7,067 $43,755 | $836 |
| 2015 | $36,717 + $7,067 $43,783 | $766 |
| 2014 | $36,053 + $7,067 $43,120 | $717 |
| 2013 | $49,045 + $7,067 $56,112 | $977 |
| 2012 | $49,045 + $7,067 $56,112 | $892 |
| 2011 | $47,411 + $7,067 $54,478 | $893 |
| 2010 | $45,823 + $7,066 $52,889 | $861 |
| 2009 | $44,283 + $7,066 $51,349 | $815 |
| 2007 | $42,788 + $7,066 $49,854 | $754 |
| 2006 | $40,366 + $6,666 $47,032 | $820 |
$1,100,000
SantaFe
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.