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24 Matisse Rd, Albuquerque, NM, 87123

7beds
6baths
8,134sqft
$1,249,000
$154price/sqft
$7,895/moest. monthly cost
$315,800/yrincome needed

About This Home

Property is approved for Residential Financing if buyer qualifies! Step back in time to this historic Route 66 ranch-style 1940 home on 10.7 acres-first built on a 200-acre Tres Pistoles Canyon homestead amid granite boulders with historic visitors! A rare investment opportunity with 7 beds, 6 baths, 8,134 sq ft. Main house + 2 casitas, each with their own entry, private driveway, and beautiful courtyards! Breathtaking Sandia views & easy National Forest hiking access make you feel worlds away--yet minutes from I-40's Tramway/Central exit. Historical charm includes original kitchen cabinets, classic bathtubs/showers, flooring, rock fireplaces, wrought-iron porches, & built-in BBQ pits. Main floor has koi pond & privacy fence; lower back has shade trees.

Getting Around

3
WalkingCar-Dependent
0
TransitNo Nearby Transit
18
BikeSomewhat Bikeable

Schools

6/10
7/10
Roosevelt Middle SchoolGrades 6-83.2 mi
5/10
Manzano High SchoolGrades PK-123.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1946

Materials

  • Construction materials: Frame,Concrete,Stone,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Free-Standing Gas Range,Washer

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6

Features

  • Flooring: Brick,Carpet,Tile,Wood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Baseboard,Electric,Hot Water,Propane
  • Cooling features: Evaporative Cooling,Varies by Unit

Interior Area

  • Total structure area: 8,134
  • Total interior livable area: 8,134 sqft

Property

Details

  • Parcel number: 102505709901830105
  • Zoning description: A-2

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Landscaping,Propane Tank - Owned,Patio

Lot

  • Lot size: 10.71 Acres

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

  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Wildfire
Winter Weather
Inland Flooding

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 $6,315$75,780
Home Insurance *$118$1,416
Property Taxes $884$10,608
Electricity $578$6,939
Total$7,895$94,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$270,685/yr
40% on housing$236,850/yr
45% on housing$210,533/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

$154This listing

vs Other Active Listings

Avg $/sqft

ZIP 87123$159
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87123
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-14Listed for sale$1,375,000
2025-06-08Listing removed$1,395,000
2025-02-03Pending sale$1,395,000
2025-01-27Listed for sale$1,395,000
2024-11-12Listing removed$1,650,000
2024-10-13Listed for sale$1,650,000
2018-03-16Sold--

For Sale by Agent

AgentAnne M Vallejos
BrokerageKeller Williams Realty

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