Real Estate Information Archive

Homes are selling fast in Albuquerque, and it's all due to one of the hottest real estate markets in recent memory. Many people thought that the pandemic would adversely affect the local Albuquerque real estate market. But the good news is that home sales are booming.

If you’re a regular reader of our blogs, you’ve no doubt noticed a “Featured Hot Property” at the end of every article. These are some of the hottest properties in the Albuquerque real estate market. Here’s a roundup of some of our latest properties currently on the Albuquerque market. Don't let these fine properties pass you by, because they will go fast.

If you have any questions about these fine properties, always feel free to contact Sandi Pressley and her team at 505-263-2173. You can check out all of our listings on our Featured Listings page. Also make sure to see our other Hot Properties on our other blog.

910 NICHOLAS Court, Bernalillo, NM 87004

$550,000

Exquisite Custom Home w/Stunning views, situated in gated community. Grand foyer features majestic circular staircase w/regal iron banister; Open & bright living spaces feature diamond plaster finishes, raised tray ceilings, builtins, custom lighting, Juliet balcony, office w/sep entrance off carport & much more! Enjoy Sandia Mountain views from main living room w/2 way fireplace; Open chef's kitchen w/gorgeous cabinets & granite counters, SS Jenn-Air applns, large pantry, & eat at kitchen island; dining room shares 2 way FP & opens to covered patio. All bedrooms on upper level feature full bathrooms. Master suite w/breathtaking views & spa like en-suite w/dble shower & jetted tub. Enjoy outdoor living from balcony or patio spaces below; tranquil water feature; & blt in grill.

Learn More!

11200 WOODMAR Lane NE, Albuquerque, NM 87111

$539,000

TANOAN EAST-CORNER LOT! 5BDR/4BA/3CG featuring an open floor plan & 2 living areas! Beautiful windows abound with lots of natural light! UPDATES include two evap coolers! Two new water heaters! New gas cooktop & disposal! Living room & family room with fireplaces. One bdr/study/office on the main level! Kitchen features a new gas cooktop, an island, a built-in wall oven, tile flooring, a walk-in pantry & spacious breakfast nook. Large secondary bdrs with walk-in closets and one bdr with its own private bath makes a great guest suite! Owner suite features a balcony, fireplace, his & her walk-in closets, dual sink vanity, separate shower and garden tub! Private backyard features a beautiful pond, grass, trees & shrubs and a covered patio for outdoor living! Private gated community of Tanoan!

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804 ADAMS Place SE, Albuquerque, NM 87108

$399,000

Magnificent Rex Wilson remodel of this amazing Pueblo style home. From the minute you enter you will feel like you are on vacation (feels like a Taos Hacienda), beautiful hardwood floor, custom carved beams, corbels kiva fireplace, leads into a wonderful custom kitchen. Skylights bring in natural light, and Pella windows, hardwood doors updated electrical and an amazing wrap around covered patio embraces beautifully landscaped private oasis. ''And'' a detached casita heating cooled, presently used as a theatre room (projection equipment, screen and couches will stay) and of course a totally remodeled bathroom, and could easily be an in law quarters.

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5108 WILD PLUM Way NW, Albuquerque, NM 87120

$839,000

Stunning Custom Home in desirable, gated neighborhood! On a quiet cul-de-sac this luxurious home has a fantastic layout perfect for entertaining. Chipped edge Travertine tile downstairs, lighted niches, viga ceilings and tile accents on the walls/ceiling are just few of the features this home has to offer. Kitchen is a chefs dream with granite counters, Wolf gas cooktop, pot filler, warming drawer, 2 dishwashers, 2 sinks and a wine cooler that holds 88 bottles! Master suite has balcony with access from bedroom and private sitting room. Two-way fireplace, bidet, california closets (in all rms), jetted tub and a steamer in the shwr make this a perfect retreat. Theater room with projector, recliner chairs, movie posters and popcorn maker all convey! So much more you have too see to believe.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

10032 BRIDGEPOINTE Court NE, Albuquerque, NM 87111  $459,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2466 Square Feet

Delightful Custom Home in the prestigious gated golf course community of Tanoan! Soaring cathedral ceiling & grand staircase welcome you through the impressive foyer. This immaculate home features clerestory, bow & picture windows invitng the natural light in & raised tray ceilings gracing several rooms thru-out. Cozy fireplace is heart of family room w/custom wainscoting flowing into ample dining room & open kitchen w/island, eat at bar, SS appliances & gorgeous granite counters. Upper level features 3 privately situated bedrooms w/stunning views from their own balconies; Master suite w/spa like en suite with stainglass window, sitting area w/fireplace & balcony to enjoy city & mtn views. Lush backyard w/covered & open patios is a bird watchers dream-w/flagstone & lawn w/brick border.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Get ready to take advantage of these price reductions on a few of our featured homes in Albuquerque.  They may have been on the market for a couple of weeks, but that's only because you haven't looked a them yet. But you better act quick, because these homes will go fast.

If you have any questions about these fine properties, always feel free to contact Sandi Pressley and her team at 505-263-2173. You can check out all of our listings on our Featured Listings page. You can also see our other Hot Properties on our other blog.

1200 STAGECOACH Road SE, Albuquerque, NM 87123

$499,000

Welcome Home to this pristine Four Hills Village beauty with city and mountain views! Natural light fills every room in this very functional floor plan. Featuring both formal and informal living areas. In the enormous family room you will find vaulted ceilings, new carpet, brick fireplace, hearth, built in book shelves and big beautiful windows! You will love the gourmet kitchen boasting granite counters, large island, and SS appliances. Entertaining will be a breeze as there is plenty of room for everyone in this lovely 4 bedroom home!! Many wonderful upgrades, please see list in documents.

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400 PENNY Lane, Corrales, NM 87048

$545,000

Spectacular Sandia Mountains & Valley Views from this incredible 4BDR/3BA/3CG Corrales home! Enjoy the picturesque views from the great room, sunny breakfast nook, dining room, master suite & balcony! Open great room features wood ceiling, cozy kiva fireplace. Kitchen features granite countertops, beautiful cabinetry, island, bkfst bar, SS appliances, brick flooring. Study/Office/BDR and full Bath on the main floor. Two secondary bdrs share a Jack N Jill bath. Master suite features a double sided fireplace, East facing covered balcony, jetted tub, dual sink vanity and walk-in closet. Fully fenced property with gate entrance, lush grass, fruit trees, waterfall feature, raised beds, covered patio & balcony with amazing mountain and bosque views!

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1016 SARATOGA Drive NE, Rio Rancho, NM 87144

$499,000

Enjoy Grand Views of Sandia Mountains from the Belvedere. Breathtaking setting for this European flair home perched on elevated lot landscaped, w/ grapevines, fruit trees, grass, fountain, a walk path around the property. Courtyard entry, Inviting foyer curved archways, opens to expansive great room w/ Soaring ceilings, Light filled gourmet kitchen, w/center island & gas cooktop, double ovens, ample cabinets and counters, 2 pantries, an breakfast nook that looks onto the outdoor east facing pavilion. Private Owner's suite, features European style WC, jetted bath, separate shower and dual vanities. walk in closet and a bonus/flex room & laundry rm. 3 more spacious bdrms. Zoned radiant heat, entire property is gated, 4 cg/each oversized. circular driveway, backyard access w/ room for RV!

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8100 Ronan Court, Albuquerque, NM 87122

$610,000

Gorgeous Former Model Home with Abrazo 'All Inclusive' Upgrades plus Casita/Studio! Featuring fine appointments throughout that include; Home Automation system; raised ceilings w/wood beams; Hardwood flooring; High end Ceramic Tile in wet areas; Gorgeous Carerra quartz counter tops; built in gourmet kitchen w/ white icing Lancaster cabinetry & high end Kitchen-Aide appliances; High speed ethernet thru-out; Navion Tankless Wtr Htr; 95% Efficient Carrier Furnace; Heated & Cooled Garage. Master retreat w/luxurious spa like en suite. Twelve foot sliding doors lead to beautiful low maintenance landscaped backyard w/covered patio & firepit. 300 Sq Ft Casita w/large living/studio area; 3/4 bath; spacious closet. So many upgrades-must see the included feature sheet to appreciate all.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Accessory dwelling units have been around for a while. You might call them granny flats, in-law units, tiny homes, or carriage houses. These little homes can solve a number of issues, such as making a good retirement home, or if you want your parents to live close to you so you can take care of them. Accessory dwelling units (ADUs) can be located within the primary dwelling such as a basement or attic, be attached to the primary dwelling, or be structurally separate from the primary dwelling. ADUs usually contain a separate kitchen and bathroom. ADUs can be traced back to the early 20th century, when they were a common feature in single-family housing. Many ADUs were created by middle-aged or older persons seeking to take in boarders after their children moved out.

What should you know if you plan to build an ADU in Albuquerque?

Types of ADUs

There are several ways you can build an ADU. They include:

• Detached new construction ADUs, also sometimes called backyard cottages, granny flats, laneway houses, or DADUs.
• Garage conversion ADUs
• ADUs above a garage or workshop, or attached to it.
• Addition ADUs or “bump-out ADUs”:
• Basement conversion ADUs, also commonly called basement apartments, mother-in-law units, in law units, secondary suites, English basements, accessory apartments, and a host of other names.
• Internal ADUs, where part of the primary house besides the basement is converted to an ADU.

Cost

It comes as no surprise that building an ADU is cheaper than building a regular home. But it's still a considerable investment. An ADU that includes a kitchen and bathroom typically start at $80,000 and can quickly move up from there. Depending how elaborate the structure is you can end up spending as much as $150,000 or more.

In addition to the cost of construction, you need to consider permits. Many homeowners may end up building illegal accessory dwellings because they realize how much permits cost. So make sure that you check the permit fees before you build.

Regulations

If you want to build an ADU in Albuquerque or the surrounding area, you should check current local regulations before you build as they are subject to change. In general, in New Mexico most regulations include the following guidelines:

• It must have a room which is at least 70 sq. ft and no less than seven ft in any direction (including the ceiling)
• Each tiny house must have sanitary facilities (toilet, sink, and either a bath or shower)
• The bathroom and kitchen sink have to have both hot and cold water
• The plumbing fixtures must be connected to an approved sewage system
• The whole structure has to sit on a foundation which is considered permanent
• It needs to meet the requirement of the New Mexico Energy Conservation Code
• There are a number of things which must be included, and which need to be regulated, such as:
  • Windows
  • Permanent heating facilities
  • Wall-switch lighting
  • Bathroom windows or exhaust fans
  • Smoke alarms
  • A door (leading to the outside) which must be at least 32 inches wide and 78 inches high

Building an ADU on your property can certainly be a good way to address your family's needs. Just make sure you do your research and are ready to make the investment.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

5 BLUE SPRUCE Trail, Jemez Springs, NM 87025  $499,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 2900 Square Feet

Beautiful setting for this home built with Northern Hemlock logs on 2 acres of land among soaring Ponderosa Pines. Enjoy the mountain air from your 8x24' covered front porch looking out to the mountain range. Great rm w/ Wood stove, vaulted ceilings, a 26ft pitch, wood beams. Functional kitchen, stainless appliances, ample counter and cabinet space. 2 bedrooms and a bonus/flex room that could be an office/recreation/fitness on main level. Upstairs offers a loft and a spacious Master suite, huge walk in closet, bath w/jetted tub, separate shower. Viewing deck off Master. From lower level access back yard with SW landscape, privacy fence and hot tub. Also access to a separate entrance for in laws quarters/studio apt. complete with kitchenette and bath. Horses allowed, w/RUN IN stall

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Are you in the market for a home purchase in Albuquerque? One of the first steps (if not the very first) a buyer will take in the home buying process is getting pre-qualified and/or pre-approved. For many first-time home buyers, the difference between these processes is unknown, however, it is critical to understand the difference. In most instances, the current housing market climate is considered to in favor of the seller, making it crucial that buyers get pre-approved for their loan before making an offer on a home. That being said, there are also benefits to getting pre-qualified as well. Let’s take a deeper look at the differences:

Pre-Approval

You’ll need physical documentation of the following:

• Current Employment Status

• Income

• Person Assets

• Current Outstanding Debts

• Credit History

• Estimated Amount for a Down Payment

Think of it this way: if you have been pre-approved for a loan amount, you are legally able to offer that amount (or anything less than) on the purchase of a home. Once you have given all of your physical documentation to a lender, they will crunch the numbers and give you a physical notice stating both the amount you’ve approved for as well as a potential interest rate. Keep in mind that interest rates are fluid and change every day, so this amount is just an estimate. Getting preapproved is free and you can do it both online or in person.

Pros:

• It can’t be emphasized enough that it Is crucial to get a pre-approval BEFORE you begin putting offers in on homes. You can bet that a seller will not even consider your offer unless you have given proof that you are approved for that specific amount. If you haven’t been pre-approved, even those who offer less and have been pre-approved will almost always have their offer accepted over yours.

• Negotiation Power. When you know the maximum amount, you’re able to spend on a home, you’ll have the ability to negotiate more confidently with a seller on the offer itself as well as contingencies.

• A faster close. Closing on your home will be both a more swift and much faster process if the approval is already taken care of, giving less room for last-minute issues to arise.

• The actual searching part of the journey will be much easier if you can filter out any homes that aren’t within your approval.

Cons

• There is a one time hit on your credit score when you get pre-approved. However, this is only about 5 points and is very much worth it in the long run if you’re serious about purchasing a home.

• The approval only lasts for 90 days before you would need to get approved again. So, you want to make sure you are absolutely willing to make an offer and purchase a home before you get pre-approved.

If you are serious about buying a house, getting pre-approved is always the best option. No pre-approval and you can essentially guarantee you won’t find yourself with an accepted offer.

Pre-Qualify

You’ll need to know the following:

• Current Income

• All Current Debts

• All Personal Assets

Getting pre-qualified is a wonderful first step to take when thinking about buying a home. It’s free, easy and can be done in the comfort of your own home. Simply search almost any bank or credit union and they will have a pre-qualification application for you to take on their website. If you aren’t sure where to begin regarding searching for potential homes, this is where you can start to find your estimated price range, making it an ideal starting point for first-time homebuyers.

Pros:

• The process is free.

• There is no time limitation on your qualification.

• It won’t affect your credit score.

• It can help you get an idea of the kind of house you’ll be able to afford.

Cons:

• It is entirely an estimate. Due to this fact alone, neither a seller nor their realtor will take an offer seriously if the potential buyer only has a pre-qualification.

If you are interested in finding out about how much you could afford on a home but aren’t sure you’re ready to make an actual commitment, qualification could be the best option for you. However, the minute you are serious about searching and making offers, you NEED to get pre-approved!

Whether you’re looking to get pre-qualified or pre-approved, congratulations! You’re taking the first step in the home buying process…and the Sandi Pressley Team is here to assist you every step along the way!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

2518 CAMINO CATALONIA SE, Rio Rancho, NM 87124  $325,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2621 Square Feet

GATED COMMUNITY of Corazon at Cabezon! Beautiful 4BDR/3BA/3Car tandem garage! Garage is extra long; great for trucks, extra vehicles, motorcycle, bikes or storage! TWO Living spaces, formal dining or office on the main floor. Open floor plan with lots of natural light! Huge great room has a wall of windows and gas fireplace. Kitchen features solid surface countertops, pantry, island, tile floor, recessed lighting, bkfst nook and access to the covered patio. REFRIGERATED AIR! Newly painted interior & new carpet in the front room, dining room and upstairs! :Large secondary bedrooms & laundry up! Master suite features dual sink vanity, sep shower, garden tub and huge walk-in closet. Close to parks, schools, neighborhood pathways, shopping and pool nearby!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team