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2851 Merlot Dr SW, Albuquerque, NM, 87121

4beds
2baths
1,548sqft
$349,900
$226price/sqft
$2,282/moest. monthly cost
$91,280/yrincome needed

About This Home

Don't miss the opportunity to see this single story home! Built in 2015 and located in the highly desirable Southwest Heights, this meticulously maintained home just completed an extensive list of premium upgrades in Summer 2026, giving you the feel of new construction without the wait. Experience a breath of fresh air with an interior that feels bright, modern, and turnkey. Every detail has been thoughtfully updated, so you can skip the projects and start enjoying your new home from day one.

Getting Around

5
WalkingCar-Dependent
23
TransitMinimal Transit
25
BikeSomewhat Bikeable

Construction

Condition

  • Property condition: Resale
  • Year built: 2015

Materials

  • Roof: Pitched
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Free-Standing Gas Range,Refrigerator
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Cathedral Ceiling(s),Main Level Primary
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Laminate

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 1,548
  • Total interior livable area: 1,548 sqft

Kitchen

  • Level: Main
  • Area: 99.9

Living Room

  • Level: Main
  • Area: 255.31

Primary Bedroom

  • Level: Main
  • Area: 171.61

Property

Details

  • Parcel number: 100905405217231703
  • Zoning description: R-1A*

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio

Lot

  • Lot size: 5,662 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Lightning

FEMA Declared Disasters in Bernalillo County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$118$1,416
Property Taxes $247$2,964
Electricity $148$1,780
Total$2,282$27,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,240/yr
40% on housing$68,460/yr
45% on housing$60,853/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 87121$144
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87121
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-13Price change$344,900
2026-07-24Price change$349,900
2026-07-17Listed for sale$355,000

For Sale by Agent

AgentNM Home Deals Inc.
BrokerageKeller Williams Realty

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