Cute home and rental opportunity in the heart of the North Valley. Seller will consider REC financing with substantial down payment.....contact listing broker for more information. Two homes on one spacious lot that have been successful rentals for many years and have separate gas and electric meters. Recent improvements include restoration of some original hardwood floors, fresh paint, new air conditioner, appliances, and carpeting in 2023. The house is three bedrooms with one full bath and is approximately 1000 SF. The 462 SF casita recently sustained limited fire damage (mostly at West end of building) and is not being counted in the total square footage. The seller will not be renovating the space or making repairs of any kind to either building and have priced it accordingly.
Sold
Price Unknown
507 Freeman Ave NW, Albuquerque, NM 87107
3beds
1,005sqft
Single Family Residence
Built in 1935
5,227.2 Square Feet Lot
$269,200 Zestimate®
$--/sqft
$1,635 Estimated rent
Home value
$269,200
$256,000 - $283,000
$1,635/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Channing L Kelly 505-991-2739,
Ida Kelly Realtors
Bought with:
Tim Nisly, 53885
Realty One of New Mexico
Source: SWMLS,MLS#: 1039135
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
- Area: 92.72
- Dimensions: 10.5 x 8.83
Bedroom 2
- Level: Main
- Area: 91.86
- Dimensions: 9.67 x 9.5
Bedroom 3
- Level: Main
- Area: 87.03
- Dimensions: 9.67 x 9
Kitchen
- Level: Main
- Area: 112
- Dimensions: 16 x 7
Living room
- Level: Main
- Area: 366.02
- Dimensions: 21.43 x 17.08
Heating
- Natural Gas, Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Gas Range, Refrigerator
- Laundry: Gas Dryer Hookup, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Features
- Breakfast Area, Living/Dining Room, Main Level Primary
- Flooring: Carpet, Vinyl, Wood
- Windows: Double Pane Windows, Insulated Windows, Metal, Sliding
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,005
- Total interior livable area: 1,005 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Courtyard, Fence
- Fencing: Back Yard
Lot
- Size: 5,227 sqft
- Features: Landscaped
Details
- Parcel number: 101406036045111902
- Zoning description: R-1B*
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Pitched
Condition
- Resale
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Belmont Place
Other
Other facts
- Listing terms: Cash,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2025 | Listing removed | $1,850$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/29/2025 | Price change | $1,850-7.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/20/2025 | Listed for rent | $1,995$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/28/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/16/2024 | Price change | $1,995-4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/7/2024 | Listed for rent | $2,095+120.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/9/2023 | Sold | -- |
Source:  SWMLS #1039135 Report a problem | ||
| 8/25/2023 | Pending sale | $215,000$214/sqft |
Source: SWMLS #1039135 Report a problem | ||
| 8/4/2023 | Listed for sale | $215,000-14%$214/sqft |
Source: SWMLS #1039135 Report a problem | ||
| 3/30/2023 | Listing removed | -- |
Source: SWMLS #1031015 Report a problem | ||
| 3/18/2023 | Listed for sale | $250,000+4.4%$249/sqft |
Source: SWMLS #1031015 Report a problem | ||
| 3/15/2023 | Listing removed | -- |
Source: SWMLS #1027548 Report a problem | ||
| 2/25/2023 | Pending sale | $239,500$238/sqft |
Source: SWMLS #1027548 Report a problem | ||
| 2/25/2023 | Listed for sale | $239,500$238/sqft |
Source: SWMLS #1027548 Report a problem | ||
| 1/22/2023 | Listing removed | -- |
Source: SWMLS #1027548 Report a problem | ||
| 1/22/2023 | Listed for sale | $239,500$238/sqft |
Source: SWMLS #1027548 Report a problem | ||
| 1/6/2023 | Pending sale | $239,500$238/sqft |
Source: SWMLS #1027548 Report a problem | ||
| 1/3/2023 | Listed for sale | $239,500$238/sqft |
Source: SWMLS #1027548 Report a problem | ||
| 5/30/2020 | Listing removed | $950$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 5/15/2020 | Price change | $950+8.6%$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 4/8/2020 | Listed for rent | $875+2.9%$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 2/19/2019 | Listing removed | $850$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 2/6/2019 | Listed for rent | $850$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 12/12/2018 | Listing removed | $850$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 10/4/2018 | Listed for rent | $850$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
| 3/9/2018 | Listing removed | $850$1/sqft |
Source: Bruni/Karr Rental & Management Agency Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,548 +0.1% | $52,728 |
| 2024 | $2,545 +31.6% | $52,728 +33.1% |
| 2023 | $1,934 +5.6% | $39,625 +3% |
| 2022 | $1,831 +106.8% | $38,471 +3% |
| 2021 | $885 -49.1% | $37,351 +3% |
| 2020 | $1,739 | $36,263 +1.2% |
| 2019 | -- | $35,824 |
| 2018 | $1,461 -11.9% | $35,824 +3% |
| 2017 | $1,658 +9.8% | $34,781 +6.1% |
| 2016 | $1,510 -95.3% | $32,785 +3% |
| 2015 | $31,830 +2044.4% | $31,830 |
| 2014 | $1,484 | $31,830 +1.6% |
| 2013 | $1,484 | $31,330 -31.1% |
| 2012 | -- | $45,465 |
| 2011 | -- | $45,465 |
| 2010 | -- | $45,465 +3% |
| 2009 | -- | $44,141 +3% |
| 2008 | -- | $42,856 +3% |
| 2007 | -- | $41,608 +3% |
| 2006 | -- | $40,396 +60.8% |
| 2005 | -- | $25,129 +3% |
| 2004 | -- | $24,397 |
| 2003 | -- | $24,397 |
| 2002 | -- | $24,397 |
| 2001 | -- | $24,397 -8.2% |
| 2000 | -- | $26,564 |
Find assessor info on the county website
Neighborhood: 87107
Nearby schools
GreatSchools rating
- 6/10Douglas Macarthur Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Garfield Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Valley High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: La Luz
- Middle: Garfield
- High: Valley
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$269,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$269,200
- New Mexico
- Bernalillo County
- Albuquerque
- 87107
- 507 Freeman Ave NW
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