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506 Ortiz Dr NE, Albuquerque, NM, 87108

2beds
2baths
1,412sqft
$278,000
$197price/sqft
$1,865/moest. monthly cost
$74,600/yrincome needed

About This Home

Getting Around

83
WalkingVery Walkable
45
TransitSome Transit
83
BikeVery Bikeable

Schools

6/10
Zia Elementary SchoolGrades PK-50.5 mi
6/10
Jefferson Middle SchoolGrades 6-81.6 mi
2/10
Highland High SchoolGrades 9-120.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1979

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

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

Features

  • Window features: Metal
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Heat Pump,Refrigerated

Interior Area

  • Total structure area: 1,412
  • Total interior livable area: 1,412 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 101805703834021801
  • Attached to another structure: Yes
  • Zoning description: MX-FB-AC*

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None

Lot

  • Lot size: 3,484 sqft

Parking

  • Total spaces: 2
  • Parking features: 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
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
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 $1,405$16,860
Home Insurance *$116$1,392
Property Taxes $196$2,352
Electricity $148$1,780
Total$1,865$22,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,942/yr
40% on housing$55,950/yr
45% on housing$49,733/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

$197This listing

vs Other Active Listings

Avg $/sqft

ZIP 87108$163
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87108
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$278,000
2023-04-28Sold--
2023-04-03Pending sale$269,000
2023-04-03Price change$269,000
2023-03-31Price change$256,000
2023-02-15Pending sale$255,000
2023-02-15Price change$255,000
2023-02-14Listed for sale$245,000

For Sale by Agent

AgentPennie Ballinger
BrokerageRealty One of New Mexico

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