Townhouse / Rowhouse home in Albuquerque, NM
A Townhouse home in Albuquerque, NM, it offers 2 bedrooms and 3 bathrooms across 1,620 square feet. The listing highlights attached garage, courtyard, deck / patio, and hardwood floors. The Townhouse styling carries through the home's design.
| Price | $350,000 |
|---|
| Beds | 2 |
|---|
| Baths | 3 |
|---|
| Sqft | 1620 |
|---|
| Architectural style | Townhouse / Rowhouse (74% match) |
|---|
| Address | 501 Mulberry Street NE, Albuquerque, NM 87106 |
|---|
Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Features: attached garage, courtyard, deck / patio, hardwood floors.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $350K, this home is 10% above the $318K median for 40 similar Townhouse / Rowhouse homes in Albuquerque, NM.
- That works out to $216 per square foot, right at the $216 comparable rate.
- On the market 22 days.
| This home | $350,000 |
|---|
| Townhouse / Rowhouse median in Albuquerque, NM | $317,500 (40 homes) |
|---|
| Price per sq ft | $216 vs. $216 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,280/month with 20% down at a 7.28% 30-year fixed rate. You would need about $97,730 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,916/mo |
|---|
| Property tax (new-buyer reassessed rate) | $233/mo |
|---|
| Homeowners insurance | $131/mo |
|---|
| Total monthly | $2,280/mo |
|---|
| Down payment (20%) | $70,000 |
|---|
| Income needed | $97,730/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (54 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (54/100) |
|---|
| Beats renting in | 7% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $143,141 |
|---|
| Range (10th to 90th pct) | $81,175 to $220,996 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Albuquerque, NM where local data is thin.
Local home values
Typical home values in Albuquerque, NM have risen about 29% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately