$2,255 Closing Credit¹
#1076349, Darlene M Ogborn, Listing Office: EXP Realty LLC
$2,316
closing credit¹
1516 Spence Ave SE Albuquerque, NM 87106
$195,000 List price
$2,316
Closing credit¹
2 beds
1 full
806 sqft
0.1 acres
$242 / sqft
House
Property details
About 1516 Spence Ave SE
Fixer-Upper Opportunity with Possible Owner Financing! Owner willing to work with buyer on terms. Make an offer and let's make a deal!Looking for a long-term investment in a thriving area? This property, located just south of UNM, could be your next project. The neighborhood has seen significant development in recent years, including major businesses like Chick-fil-A, Starbucks, Subway, Dion's, and Chili's, all within half a mile.According to the owner, the property features a newer roof (installed within the last five years) and an updated sewer line. It's being sold as-is, where-is, with no repairs provided. Inspections are for buyer's information only.Don't miss this chance to invest in an up-and-coming area!
Highlights
Home typeSingle Family Residence
HeatingWall Furnace
StatusActive
CoolingEvaporative Cooling
Size806 sqft
Lot size0.14 Acres
Year built1950
MLS #1076313
Summary
- MLS Number: 1076313
- MLS Name: SWMLS
- Office Name: Keller Williams Realty
- Office Phone: (505) 897-1100
- Office Email: newmexicohomesjg@gmail.com
- Listing Agent: Carlos Martinez
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$195,000
1516 Spence Ave SE
$2,316
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $21,409 | $914 |
| 2022 | $20,786 | $884 |
| 2021 | $20,181 | $854 |
| 2020 | $19,594 | $840 |
| 2019 | $19,023 | $786 |
| 2018 | $18,469 | $762 |
| 2017 | $17,932 | $762 |
History based on county public records data.
Nearby schools
3
Lowell Elementary School
Public District KG-5
0.5 mi
•1700 Sunshine Ter SE
3
East San Jose Elementary School
Public District PK-5
0.9 mi
•415 Thaxton Ave SE
6
William W & Josephine Dorn Charter Community School
Public Charter KG-5
1.3 mi
•1119 Edith Blvd SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,366. Typical income of Albuquerque, NM residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
53%
<35k
42%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
18%
Single, with Kids
16%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
7%
12-17 yrs old
41%
18-34 yrs old
28%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Soccer
UFC
Where do the neighbors shop?
Express/Express For Men
Forever 21
Family Dollar
Where do the neighbors go to eat?
Starbucks
Dominos Pizza
Burger King
What do the neighbors drive?
Pontiac
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Hits
All data provided by Home Junction and Claritas
Similar homes for sale
3D tour
$3,088 Closing Credit¹
#1073565, Samantha Renae Rasinski, Listing Office: Keller Williams Realty
3D tour
$3,996 Closing Credit¹
#1075714, Jason Lieberman, Listing Office: Albuquerque House Hunting
New - 6 days on Rocket3D tour
$3,800 Closing Credit¹
#1077512, John Sheffer, Listing Office: Berkshire Hathaway NM Prop
3D tour
$3,384 Closing Credit¹
#1075644, Joseph L Gonzalez, Listing Office: Keller Williams Realty
3D tour
$4,144 Closing Credit¹
#1065537, Thomas Gallegos, Listing Office: Berkshire Hathaway NM Prop
$2,849 Closing Credit¹
#1074547, The Schuster Team, Listing Office: Keller Williams Realty
Frequently asked questions
About 1516 Spence Ave SE
This home is located at 1516 Spence Ave SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 806 square foot home, which was built in 1950, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 13, 2025 and is currently priced at $195,000.
In January 2025 more than 67 listings in Albuquerque, NM were sold above the asking price. During the same period more than 119 listings were sold at asking price, while more than 247 were sold below. The number of homes for sale in Albuquerque, NM decreased by 7.9% between December and January 2025. The median list price of listings available in January 2025 was $349,079, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.