The area bounded by Central and Mountain to the north and south, and by 6th St. and 19th St. on the east and west, features an eclectic mix of pueblo-style homes, brick and ston cottages, and even some new construction. And this is one of Albuquerque's hottest real estate markets. There are five registered historical districts, tow of which require city historical reviews before owners make any exterior modifications. Properties here range from real fixer-uppers to lovingly restored creampuffs, and residents love the variety of architecture, the shade trees, and the ability to walk to jobs, restaurants, and nightlife.
Most of these historic properties were built between 1910 and 1935, and boy, would the original owners of these homes be shocked at current property values! Even just a few years ago, homes in this area tended to sell in the $125 per square foot range, but nicely restored and updated homes are now bringing over $200 a square foot! Even fixer-uppers can go in the $165 per square foot range.
Diverse neighborhoods with a mix of old and new residents from all walks of life, the romantic cachet of owning a historic home, and tax credits available for restoration are additional pluses to historic downtown areas that are helping to boost property values. Residents love the charming features of these older homes, such as hardwood floors, solid wood doors and glass or brass doorknobs, built-in cabinetry, real plaster walls, and deep, clawfoot tubs, and many work hard to retain these picturesque features while updating mechanicals and adding master suites.
Get more information about Downtown Albuquerque and historic homes in the area:
4 Comments on Historic Homes in Albuquerque a Hot New Market!
JUL
11
2007
The Old Town part of this area has always been a hot market. From my point of view as an Albuquerque realtor and an EcoBroker is that these homes are finally being renovated and reused in a positive manner. Since many of them are much smaller than what is currently being built, I hope it means that folks are downsizing too.
This is exactly the kind of residential resale that I highly encourage and I thank you for bringing it to our attention. My hope is that some of this energy will spread to less expensive areas and help to revitalize them without making the homes cost prohibitive for the current residents.
How well you capture the flavor of the neighborhood and pinpoint it historically and geographically. It gives just enough information to peak my interest and entice me to poke around. As a buyer, I might find a fixer upper that would be an intreresting project for a potential cream puff. Alternatively, I can hope to find a "cream puff" already lovingly restored.
Historic home sales are hot in my neck of the woods too. I think as we more forward more people are appreciating the elegance and craftsmanship of days gone by. As we get more high tech they are craving the simpler times.
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The area bounded by Central and Mountain to the north and south, and by 6th St. and 19th St. on the east and west, features an eclectic mix of pueblo-style homes, brick and ston cottages, and even some new construction. And this is one of Albuquerque's hottest real estate markets. There are five registered historical districts, tow of which require city historical reviews before owners make any exterior modifications. Properties here range from real fixer-uppers to lovingly restored creampuffs, and residents love the variety of architecture, the shade trees, and the ability to walk to jobs, restaurants, and nightlife.
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The Old Town part of this area has always been a hot market. From my point of view as an Albuquerque realtor and an EcoBroker is that these homes are finally being renovated and reused in a positive manner. Since many of them are much smaller than what is currently being built, I hope it means that folks are downsizing too.
This is exactly the kind of residential resale that I highly encourage and I thank you for bringing it to our attention. My hope is that some of this energy will spread to less expensive areas and help to revitalize them without making the homes cost prohibitive for the current residents.