720 Tramway Ln NE Unit 24, Albuquerque, NM, 87122
About This Home
Home appraised for $440,000 in December 2025!! Beautifully updated townhome ideally located at the base of the Sandia Mountains near Tramway, offering a perfect blend of comfort, convenience, and scenic surroundings. This move-in-ready home features three generously sized bedrooms and a bright, open floor plan designed for everyday living and entertaining. The remodeled kitchen showcases new stainless steel appliances, granite countertops, and modern finishes. Fresh interior paint and new flooring enhance the clean, contemporary feel throughout. Enjoy stunning mountain views from two private balconies--perfect for relaxing mornings or peaceful evenings. Recent upgrades include a new roof, refrigerated air, water heater, and an upgraded electrical panel.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1983
Materials
- Roof: Flat
- Construction materials: Frame,Wood Siding
Type & Style
- Home type: Townhouse
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Dishwasher,Free-Standing Electric Range,Microwave,Refrigerator
- Laundry features: Electric Dryer Hookup
Bedroom2
- Level: Lower
- Area: 119.78
Bedroom3
- Level: Lower
- Area: 132
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Breakfast Bar,Cathedral Ceiling(s),Dual Sinks,Shower Only,Separate Shower
- Window features: Double Pane Windows,Insulated Windows
- Flooring: Carpet,Vinyl
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Combination,Central,Forced Air
- Cooling features: Refrigerated
Interior Area
- Total structure area: 1,747
- Total interior livable area: 1,747 sqft
Kitchen
- Level: Upper
- Area: 145.65
Living Room
- Level: Upper
- Area: 290.7
Primary Bedroom
- Level: Lower
- Area: 180
Property
Details
- Parcel number: 102306512302730137
- Attached to another structure: Yes
- Zoning description: R-2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
Lot
- Lot size: 1,742 sqft
Parking
- Total spaces: 2
- Parking features: Detached,Garage,Oversized
- 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
- Inland Flooding
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,022 | $24,264 |
| Home Insurance * | $194 | $2,328 |
| Property Taxes | $283 | $3,396 |
| Electricity | $148 | $1,780 |
| Total | $2,647 | $31,764 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Listed for sale | $400,000 |
| 2026-04-21 | Listing removed | $400,000 |
| 2026-04-16 | Price change | $400,000 |
| 2026-02-10 | Price change | $425,000 |
| 2026-01-19 | Listed for sale | $440,000 |
| 2025-10-29 | Listing removed | $3,100 |
| 2025-10-28 | Listing removed | $415,000 |
| 2025-10-14 | Listed for rent | $3,100 |
| 2025-10-06 | Price change | $415,000 |
| 2025-09-10 | Price change | $425,000 |
| 2025-09-05 | Price change | $435,000 |
| 2025-08-25 | Price change | $445,000 |
| 2025-08-09 | Listed for sale | $450,000 |
| 2025-07-02 | Listing removed | $450,000 |
| 2025-06-22 | Price change | $450,000 |
| 2025-06-10 | Listed for sale | $475,000 |
| 2025-03-25 | Sold | -- |
| 2025-03-09 | Pending sale | $310,000 |
| 2025-03-07 | Price change | $310,000 |
| 2025-02-28 | Listed for sale | $370,000 |
| 2014-12-10 | Listing removed | $1,200 |
| 2014-11-03 | Listed for rent | $1,200 |
View on Zillow