Albuquerque, NM Real Estate: Foreclosures

Foreclosures listed for sale in and around Albuquerque could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across New Mexico, including in Albuquerque.

So where can you find foreclosures in Albuquerque? Here’s a look at the most recent listings from our partners at realtor.com.

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Contractor’s tiny homes may help solve housing problem

ALBUQUERQUE, N.M. – New Mexico is not immune to a housing shortage being felt across the country.

A new report from the National Low Income Housing Coalition found “no state has an adequate supply of affordable rental housing for the lowest income renters.”

In New Mexico, the report shows there are 43 affordable and available rental homes for every 100 renter who makes 30 percent or less than their area’s median income. It’s a number that doesn’t surprise Santa Fe contractor Zane Fischer.

“We’re not looking at a problem coming down the road,” said Fischer. “We’re waking up to a problem in the middle of it.”

Fischer is the CEO of Extraordinary Structures. He’s focused on creating an efficient, affordable way to build energy-smart homes. Usually, that means fewer square feet.

“Smaller homes is less area to heat and to cool, not to mention vacuum which we all enjoy a break from every once in a while,” said Fischer. “But the other end is figuring out how to, you know, not necessarily do huge high rise apartment blocks, but if we can make pocket neighborhoods or compact communities where we’re living in smaller houses with shared open space we can maximize our resources and kind of create those neighborhoods of yesteryear and those European neighborhoods that we all find still have so much charm,” said Fischer.

A 200-square-foot tiny house sits just outside their Santa Fe workshop. Fischer says it already sold for $80,000.

Like anything else, to reduce the cost of housing, you need to increase supply. Fischer says many zoning regulations prevent the construction of high-density housing.

“There is zoning that’s creating problems that limit us from building casitas, from doing smart density, from doing fourplexes and duplexes, and finding other ways of smart, beautiful, character-rich urban living,” said Fischer.

Fischer says he is already seeing some positive changes in New Mexico. He says Albuquerque’s new zoning code is a step in the right direction, and he believes Santa Fe’s new administration is making affordable housing a priority.“We need to move really fast and create bold solutions,” said Fischer. “A big part of that is going to be political will. It’s our mayors and our city councilors and representative saying, ‘we’re making changes and not all of them are going to be popular but we have to do this for the good of everyone,’" said Fischer.

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$2.7 Million Homes in Massachusetts, Idaho and New Mexico

Concord, Mass.

WHAT A house with six bedrooms and five and a half bathrooms

HOW MUCH $2.699 million

SIZE 5,467 square feet

PRICE PER SQUARE FOOT $494

SETTING This 1860 home, a former setting of a school for young children, is on the edge of Concord’s historic district, a 10-minute walk from the center of town and less than an hour northwest of Boston.

INDOORS A builder who acquired the house in 2004 performed a gut renovation, adding a large mudroom and an attached two-car garage with an upstairs bonus room. The current owners bought the property in 2012 and chose the lively wall colors.

The front door, which retains the push-bar on the inside from schoolhouse days, opens to a center hall. On the right is a burgundy-colored living and dining room with bay windows and decorative columns. On the left is a lavender parlor, formerly used as a faculty lounge, that serves as an office. The large kitchen flows into a second dining room and a family room with a fireplace; all are painted spring green.

Upstairs, the bay-windowed master suite has walk-in closets, a sitting room and a bathroom with marble flooring. Three additional bedrooms and two bathrooms are on the second floor; two bedrooms, a playroom and a bathroom are on the third floor.

The finished space under the gabled garage roof has a stone fireplace and a full bathroom.

OUTDOOR SPACE Sliding doors from the family room lead to a new stone patio and a fenced yard. The house sits on more than half an acre.

TAXES $28,810

CONTACT Sharon Mendosa, Mendosa-Balboni Team, Engel & Völkers, 978-580-0386; concord.evusa.com

David Fish/Blu Fish Photography
Boise, Idaho

WHAT A medieval-style castle with five bedrooms, five full bathrooms, two half bathrooms and a suit of armor

HOW MUCH $2.675 million (Bitcoin is accepted)

SIZE 5,845 square feet

PRICE PER SQUARE FOOT $458

SETTING Completed in 2011, the castle is in the East End neighborhood of Boise, on a street where houses have historically been warmed by underground hot springs. It is about two miles southeast of the Idaho state capitol building; downtown is visible from the crenelated roof. The building is made of sandstone, 90 percent of it quarried locally.

INDOORS Passing under a fixed iron portcullis, and pushing open a 220-pound door, one enters a foyer with a full suit of plate mail standing in a niche. (The armor goes by the name George and comes with the house.) The surrounding rooms have reclaimed hardwood floors and beams, plaster walls and a thoroughgoing baronial vibe. The living room fireplace is massive; the circular dining room befits a King Arthur-style table; and the gourmet kitchen has its own kitchen (a butler’s pantry with an island, a refrigerator and a copper sink). All of the floors have radiant heat.

The entire level upstairs is taken up by a master suite that includes a bedroom with leather walls and a fireplace; a walk-in closet; a bathroom with a plunge tub, steam room and shower room; an exercise room; a home theater with a wet bar; and an office.

Two additional bedrooms and bathrooms, as well as a second theater and a wine cellar, are on the first level, below the main floor. The top, or fourth, level has a roof deck. An elevator operates between all four floors, but you can also walk the 76 steps in the main tower.

A three-car garage that is attached to the house by a breezeway (downstairs) and a catwalk (upstairs) has a one-bedroom apartment with a full-size kitchen, living area and bathroom.

OUTDOOR SPACE The building sits on .37 acre and has a large stone patio in the backyard. The multilevel roof terrace, which can be lighted at night with flaming torches, includes an outdoor kitchen, a firepit, a bar, a jetted tub, a dragon fountain and a greenhouse.

TAXES $19,977 (2017)

CONTACT Missy Coman, Group One Sotheby’s International Realty, 208-484-8617; sothebysrealty.com

Ed Macias
Abiquiú, N.M.

WHAT A 58-acre riverfront complex built in 1996 with a two-bedroom main house, a guesthouse with two units and a vineyard

HOW MUCH $2.7 million

SIZE 3,325 square feet

PRICE PER SQUARE FOOT $812

SETTING The property is a mile and a half northeast of Abiquiú, a tiny place whose most famous resident was the artist Georgia O’Keeffe. It is about two hours by car from the Albuquerque airport and about an hour from Santa Fe.

INDOORS The main house has 16-inch-thick walls of Pumice-Crete, concrete floors, a metal roof with skylights and a screened porch. The central living area has pine cabinets and beams, a fireplace whose chimney rises to the top of the vaulted ceiling and an open kitchen with a white-quartz-topped peninsula. A dining room is off to the side.

This level also has a bedroom with a walk-in closet, a full bathroom and a powder room. A second bedroom and a study are upstairs in a loft-like space with a balcony overlooking the main floor.

A separate guesthouse shaded by a long veranda has two casitas, each with a private entrance, a full bathroom with Mexican tile and a wood-burning fireplace.

OUTDOOR SPACE In addition to the vineyard with its more than 6,000 vines, the property has strawberry and asparagus plants, alfalfa fields, a cottonwood grove, lines of poplar trees, flower gardens and a chicken coop. The Chama River runs along the border.

TAXES $7,229

CONTACT Emery or Dolores Maez, Keller Williams Realty, 505-469-0546; kw.com

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NM unemployment, air traffic and more in ABQ Business First Deep Dive Economy – Albuquerque Business First

Unemployment is down. Personal income is up. Airport passengers are up.

Our quarterly Deep Dive Economy report takes a closer look at several economic indicators in New Mexico that show how the state is faring financially.

This updated review of the state’s economy measures the latest trends in employment, personal income, housing, airport travel, hotel occupancy and agriculture. See the charts below to view the data for fourth quarter 2017, and check out our Deep Dive Economy feature on why New Mexico fared so poorly in U.S. News & World Report’s Best States ranking.

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Our quarterly Deep Dive Economy report takes a closer look at several economic indicators in New Mexico that show how the state is faring financially.

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Price Land & Development Group buying 10 acres of Mariposa is ABQ Business First Deal of the Week – Albuquerque Business First

The skinny

Mariposa, a master-planned community on the outskirts of Rio Rancho, is launching its next phase with a local developer.

The numbers

New Mexico-based Price Land & Development Group has purchased 10 acres of the Mariposa Master Planned Community. The purchase price was not immediately disclosed. Homes in Mariposa range from about 1,500 square feet to 4,500 square feet and from the low $200,000s to the $400,000s.

The details

Price Land & Development plans to build 41 homes to comprise the Jemez Vista neighborhood as part of the 6,500-acre Mariposa Master Planned Community.

What’s next

Price Land & Development plans to prepare the 41 lots for two local homebuilders, who were not immediately named, to begin work in September.

Why it’s significant

Mariposa East was a victim of the recession when the original developer — High Desert Investment Corp. — stopped work there in 2012. That left residents with a potentially huge increase in tax payments toward $16 million in bond debt that High Desert incurred for the installation of a water treatment system. Lawyers representing Mariposa later outlined a bond restructuring plan to lessen the blow, and activity slowly began to return to the community. Arizona-based Harvard Investments bought Mariposa East, where a community center had gone into foreclosure, in 2014. Mariposa’s a sizable planned community, so the new local developer will be closely watched as it moves the project into the next phase.

More about Harvard Investments

It’s the US subsidiary of The Hill Cos., a family-owned company based in western Canada. The Hill Cos. has roots that go back to 1903, when it specialized in real estate development and insurance.

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Kindness spread to Albuquerque, New Mexico a Local Chapter Begin

The Gift Of A Helping Hand Charitable Trust
Cathy P Russell
(313) 282-9476
helpinghand2002@hotmail.com
https://www.tgoahhct.org

The Gift Of A Helping Hand Charitable Trust set up additional New Chapter in partnership with Prosper and Be In Health Inc., Albuquerque, New Mexico to help assist the less fortunate and be a voice. Our vision is to set cup Chapters all around the globe.

FOR IMMEDIATE RELEASE

Detroit. Michigan, March 30, 2018{City, – The Gift Of A Helping Hand Charitable Trust vision is to set up Chapters under the umbrella of the organization all across the United States and all around the world to unite in peace, unity and spread kindness worldwide.

Since 2002, The Gift Of A Hand Charitable Trust provides safe and affordable housing for Veterans, Domestic Violence Survivors and their children and homeless women and their children. We Foster technology, health education, career and financial educational training computer classes for economically disadvantaged youth’s, girls, women, Veterans, domestic violence survivors and underprivileged individuals in helping them to become self-sufficiency and learn the skills for career advancement. In addition, we provide basic needs and care packages to thousands of families and individuals all around the world requesting our assistance during these challenging times. The Chapter Foster awareness and empowering women, and girls all around the world.

Cathy P Russell said, "Let us unite by spreading kindness, compassion and empathy all around the world. Starting a Chapter is rewarding , a voice and a blessing to the less fortunate. She is proud to be able to form Chapters under the umbrella of The Gift Of A Helping Hand Charitable Trust in the U.S. and other countries."

Cathy P Russell is proud to be working in partnership with Frederick Esters, CEO and Founder of Prosper and Be In Health Inc. in changing and inspiring the life’s of the less fortunate in Albuquerque, New Mexico and all around the world.

The Gift Of A Helping Hand Charitable Trust welcome all States and countries to come on board and Start A Chapter under our agency in your State or country to help assist the less fortunate. To Start A Chapter in your State or country go to www.tgoahhct.org and click on the link Chapter and apply online. Help changing the life of others is the greatest gift you can give. Being a Voice for those who can not be a Voice for themselves. Start A Chapter in your State or country and help bring unity and peace back into the world.

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