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524 Gibson Blvd SE, Albuquerque, NM, 87102

1beds
1baths
798sqft
$200,000
$251price/sqft
$1,418/moest. monthly cost
$56,720/yrincome needed

About This Home

Cozy 1-bedroom home at 524 Gibson featuring a welcoming living area highlighted by a classic fireplace. The layout offers simple, functional living with an efficient half bathroom and a comfortable bedroom suited for everyday needs. This property provides a great opportunity for someone looking to add personal touches and turn it into a truly charming home.The lot includes usable outdoor space for seating, gardening, or additional storage. Conveniently located near major roads, transit options, shopping, and local services, this home offers strong accessibility and practical day-to-day living.Ideal for buyers seeking a manageable property with potential to enhance and make their own.

Getting Around

46
WalkingCar-Dependent
21
TransitMinimal Transit
41
BikeSomewhat Bikeable

Schools

6/10
4/10
Washington Middle SchoolGrades 6-82.1 mi
3/10
Albuquerque High SchoolGrades 9-122.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1930

Materials

  • Roof: Flat
  • Construction materials: Adobe

Type & Style

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

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Main Level Primary
  • Window features: Metal,Vinyl
  • Flooring: Brick
  • Number of fireplaces: 1
  • Fireplace features: Outside
  • Fireplace: Yes

Heating

  • Heating features: Floor Furnace

Interior Area

  • Total structure area: 798
  • Total interior livable area: 798 sqft

Kitchen

  • Level: Main
  • Area: 72.8

Living Room

  • Level: Main
  • Area: 336.05

Primary Bedroom

  • Level: Main
  • Area: 185.13

Property

Details

  • Parcel number: 101405642407640407
  • Zoning description: MX-H*

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Private Yard

Lot

  • Lot size: 4,356 sqft

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
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
Hail
Heat Wave
Inland Flooding
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 $1,011$12,132
Home Insurance *$118$1,416
Property Taxes $141$1,692
Electricity $148$1,780
Total$1,418$17,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,617/yr
40% on housing$42,540/yr
45% on housing$37,813/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

$251This listing

vs Other Active Listings

Avg $/sqft

ZIP 87102$160
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87102
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-01Listed for sale$200,000
2012-03-22Listing removed$40,000
2012-02-28Price change$40,000
2011-12-20Price change$50,000
2011-08-27Listed for sale$60,000

For Sale by Agent

AgentMher Poghosyan
BrokerageProperty Pros Realty, LLC

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