For sale

$299,000

515 Graceland Dr SE, Albuquerque, NM 87108

2beds

927sqft

$2,030/mo

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Single Family Residence

Built in 1951

6,098 Square Feet Lot

$296,400 Zestimate^®

$323/sqft

$-- HOA

What's special

This charming 2 bedroom, 1 bathroom home offers approximately 900 square feet of comfortable living space in a convenient central location near Nob Hill, UNM, shopping, dining, and everyday amenities. Major improvements include a fully upgraded electrical panel completed in 2025 and a new water heater installed in 2026. The dryer was also purchased in 2025. The property features a one car garage and a spacious backyard with plenty of possibilities. Currently tenant occupied on a month to month lease. All appliances convey in their current condition with no expressed or implied warranties. Schedule your showing today!

29 days
853
65

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: Main
Area: 168.72
Dimensions: 14.8 x 11.4

Kitchen

Level: Main
Area: 119.2
Dimensions: 14.9 x 8

Living room

Level: Main
Area: 202.4
Dimensions: 17.6 x 11.5

Heating

Floor Furnace, Natural Gas

Cooling

Evaporative Cooling

Appliances

Laundry: Electric Dryer Hookup

Features

Main Level Primary
Flooring: Carpet, Wood
Windows: Single Pane
Has basement: No
Has fireplace: No

Interior area

Total structure area: 927
Total interior livable area: 927 sqft

Property

Parking

Total spaces: 1
Parking features: Garage
Garage spaces: 1

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Exterior features: Courtyard, Private Yard
Fencing: Wall

Lot

Size: 6,098 Square Feet

Details

Parcel number: 101705621451324606
Zoning description: R-1B*

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Roof: Pitched

Condition

Resale
New construction: No
Year built: 1951

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Parkland Hills Add

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $323/sqft
Tax assessed value: $222,894
Annual tax amount: $3,139
Date on market: 8/11/2026
Cumulative days on market: 27 days
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 1550

Estimated market value

$296,400

$282,000 - $311,000

$1,566/mo

Price history

Date	Event	Price
8/14/2026	Listed for sale	$299,000+53.3%$323/sqft
Source: SWMLS #1108968 Report a problem
4/6/2021	Sold	--
Source: SWMLS #219009_986668 Report a problem
3/3/2021	Pending sale	$195,000$210/sqft
Source: SWMLS #986668 Report a problem
3/2/2021	Listed for sale	$195,000$210/sqft
Source: SWMLS #986668 Report a problem
3/2/2021	Pending sale	$195,000$210/sqft
Source: SWMLS #986668 Report a problem
3/1/2021	Listed for sale	$195,000$210/sqft
Source: SWMLS #986668 Report a problem
12/1/2017	Listing removed	$900$1/sqft
Source: Network Realty LLC #905091 Report a problem
11/1/2017	Listed for rent	$900$1/sqft
Source: Network Realty LLC #905091 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,139 +3.2%	$74,290 +3%
2024	$3,043 +1.7%	$72,127 +3%
2023	$2,992 +0.5%	$70,027
2022	$2,978 +11.8%	$70,027 +11.3%
2021	$2,664 +1.7%	$62,923 +3%
2020	$2,620	$61,092 -9.8%
2019	--	$67,760
2018	$1,610 -8.8%	$67,760 +56%
2017	$1,765 +107.2%	$43,425 +6.1%
2016	$852 -97.9%	$40,933 +3%
2015	$39,741 +2458.2%	$39,741 +3%
2014	$1,553	$38,584 +3%
2013	$1,553	$37,460 +3%
2012	--	$36,369 +3%
2011	--	$35,310 +3%
2010	--	$34,281 +3%
2009	--	$33,283 +3%
2008	--	$32,315 +3%
2007	--	$31,374 +3%
2006	--	$30,460 +3%
2005	--	$29,573 +3%
2004	--	$28,712 +3%
2003	--	$27,875 +3%
2002	--	$27,063 +2.9%
2001	--	$26,297 +11.8%
2000	--	$23,531