Homes/New Mexico/Albuquerque/2520 Tramway Terrace Court Northeast
CompCasa Property Analysis · single_family

2520 Tramway Terrace Court Northeast

Sandia-View Patio Home — Updated 2BR/2BA on Quiet Cul-de-Sac

Updated kitchen, 2-car garage, steps from trails and Tramway

2 beds2 baths1,370 sq ftBuilt 19900.13 acres2-car attached
CompCasa valuation analysis
Estimated market value
$400,000
Low $375,000 · Midpoint $400,000 · High $425,000
Confidence85%Sales comparison approach
Last recorded sale$250,000Jun 15, 2015
Assessed value$148,0002025 assessment
CompCasa estimate$400,000Aug 25, 2026
Estimate vs. last recorded sale+$150,000 / +60.0%
$375,000$400,000 midpoint$425,000
Price / sq ft$292
Median sale price$400,000
Avg days on market35 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and updates. Assessed value of $148K appears below market.

About the property

Sandia-View Patio Home — Updated 2BR/2BA on Quiet Cul-de-Sac

From the moment you turn into the cul-de-sac, this single-story patio home announces itself with broad views of the Sandia Mountains and a sense of calm rare in close-in Albuquerque neighborhoods. Built in 1990 and lovingly maintained since the current owners purchased in 2015, the house offers 1,370 square feet of thoughtfully updated living space: two bedrooms, two full baths, and a layout that keeps daily living uncomplicated yet inviting.

The heart of the home is an updated kitchen that pairs durable tile floors with granite countertops and new appliances — a practical but tasteful setup for everyday meals or casual entertaining. A warm, wood-burning fireplace anchors the living area and frames those mountain vistas, while recessed lighting and a neutral palette keep finishes current without overwriting the home’s original character. Systems include refrigerated (evaporative) cooling and central forced air heat; prospective buyers should verify roof and HVAC condition during inspection.

Outdoor living extends from a private patio that faces open space and trails, perfect for coffee breaks or stargazing. The level 0.13-acre lot provides low-maintenance landscaping and direct frontage on Tramway Terrace Court NE. Practical conveniences include a two-car attached garage with storage and easy driveway access to Tramway Blvd (0.2 miles), making grocery runs and commutes straightforward.

Sandia Heights is a compelling blend of outdoor access and neighborhood quiet: Little Cloud Park is a short stroll away, the Sandia Peak Tramway sits roughly 2.5 miles up the hill, and everyday shopping and coffee (Albertsons, O’Bean’s) are within minutes. With recent comparables in the immediate area showing sale prices in the $375k–$450k range, this property presents strong value for buyers seeking a move-in-ready home with mountain views, low-turnover street placement, and proximity to trails and top-rated schools.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$403,000
Property address2510 Tramway Terrace Ct NE, Albuquerque, NM 87122
2 bed2 bath1,370 sq ftBuilt 19900.1 mi5,663 sq ft lot$294/SF
Sold Dec 15, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteSimilar size and layout, updated interiors, mountain views
02Sold price$410,300
Property address2530 Tramway Terrace Ct NE, Albuquerque, NM 87122
3 bed2 bath1,330 sq ftBuilt 19850.2 mi6,838 sq ft lot$308/SF
Sold Nov 20, 2025
Subject difference
  • 40 SF smaller
  • 1 additional bedroom
  • 1,175 SF larger lot
  • 5 years older
Research comparison noteSlightly smaller, additional bedroom, updated kitchen
03Sold price$450,000
Property address2402 Tramway Terrace Ct NE, Albuquerque, NM 87122
2 bed2 bath1,808 sq ftBuilt 19870.3 mi7,405 sq ft lot$249/SF
Sold Oct 10, 2025
Subject difference
  • 438 SF larger
  • 1,742 SF larger lot
  • 3 years older
Research comparison noteLarger living area, similar features, mountain views
Comp methodology: Focused on patio homes within 0.5 miles in Sandia Heights sold or leased in last 6 months for maximum relevance
Property details

A 1990 patio home on 0.13 acres.

Building

Year built1990
ConstructionFrame
RoofFlat
Heatingcentral forced air
Coolingrefrigerated air

Site & utilities

Lot size0.13 acres
Garage2-car attached
Stories1
ConditionGood
BasementNone
FireplaceYes
Improvement notes2 bedrooms, 2 bathrooms, updated kitchen with granite countertops, new appliances, and tile flooring.
Lot area5,663 sq ft
TopographyLevel
FrontageFrontage on Tramway Terrace Court NE
ParkingAttached Garage
Parking spaces2
Parking notes2-car attached garage
AccessStandard residential driveway from Tramway Terrace Court NE
WaterCommunity
SewerCommunity
ElectricPublic
GasNatural
Location & nearby

Sandia Heights

Researched nearby locations

Sandia Peak Tramway (2.5 mi)
Albertsons Market (1.1 mi)
Little Cloud Park (0.2 mi)
O'Bean's Coffee (0.4 mi)

Location

2520 Tramway Terrace Court Northeast, Albuquerque, NM 87122

View in Google Maps
Editorial neighborhood context

Sandia Heights blends close-to-nature living with convenient access to city amenities. Residents enjoy immediate access to hiking and biking trails, Little Cloud Park, and the Sandia Peak Tramway for year-round outdoor recreation. Local errands are easy with Albertsons and neighborhood coffee shops nearby, while well-regarded public schools serve families. The community attracts professionals and retirees who value quiet streets, mountain views, and a lifestyle oriented around outdoor activity.

Nearby access summary

Excellent access to outdoor recreation: Little Cloud Park is 0.2 miles away, Sandia Peak Tramway is about 2.5 miles, with multiple hiking and biking trails and neighborhood greenways for daily activity.

ElementaryDouble Eagle Elementary (9/10)
Middle schoolDesert Ridge Middle (7/10)
High schoolLa Cueva High (7/10)
School districtAlbuquerque Public Schools
Market context

A factual market snapshot around 2520 Tramway Terrace Court Northeast.

Median sale price$400,000
Avg days on market35 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Sandia Heights is currently a balanced market with leanings toward sellers on well-priced listings. Inventory sits at about 2.5 months — tight enough to sustain competition for desirable homes — and the neighborhood’s average days on market is approximately 35 days. Median sale prices in the area center near $400,000, with recent comparable sales within a half-mile ranging $375,000–$450,000; one-year appreciation is modest (~5%), while five-year appreciation reflects stronger growth (about 25%).

Patio homes and single-story villas in this pocket tend to perform well because of limited supply, stable buyer demand from professionals and downsizers, and proximity to outdoor recreation. Rental demand is healthy too: market rent estimates for comparable two-bedroom homes are roughly $2,000/month (rent per SF ~1.4–1.5), suggesting potential for solid gross yield for investor buyers. Given the low months of inventory, confirmed updates (kitchen, appliances), and the property’s mountain views, this is a favorable time to list competitively or to buy with confidence in steady neighborhood appreciation — provided buyers complete standard due diligence on roof, HVAC, and any HOA rules.

Zoning & land use

Residential Zone

Zoning

Zoning codeR-2
DescriptionResidential Zone
JurisdictionCity of Albuquerque
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 20', side 5', rear 15'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$28,000
Assessed improvements$120,000
Total assessed$148,000
Assessment year2025
Annual property tax$4,000
Tax year2025

Sale history

2015-06-15$250,000 · $182/SF
2005-04-10$200,000 · $146/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,200/mo
Property address2534 Tramway Terrace Ct NE, Albuquerque, NM 87122
2 bed2 bath1,636 sq ft$1.34/SF
Leased Sep 1, 2025
Subject difference
  • 266 SF larger
Research comparison noteSimilar layout, updated appliances, private backyard
02Monthly rent$2,100/mo
Property address1822 Tramway Terrace Loop NE, Albuquerque, NM 87122
3 bed2 bath1,840 sq ft$1.14/SF
Leased Aug 15, 2025
Subject difference
  • 470 SF larger
  • 1 additional bedroom
Research comparison noteLarger home, additional bedroom, updated interiors
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • County assessor shows 2015 purchase at $250,000 ($182/SF) — current estimate $400,000 ($292/SF)
  • Assessed value $148,000 (land $28K, improvements $120K) — annual taxes $4,000
  • Zoned R-2 — allows single-family and accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $375K–$425K
  • Average days on market in Sandia Heights: 35 days (balanced market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify age and condition of roof and HVAC systems
  • Confirm any HOA regulations or fees
  • Professional home inspection
  • Review title report for any encumbrances
Highlights & features

What stands out about this property.

Interior Features

  • 2 bedrooms, 2 full bathrooms
  • Updated kitchen with granite countertops
  • New kitchen appliances
  • Tile flooring in main living areas
  • Fireplace in living room
  • One-story floor plan, 1,370 SF
  • Central forced air heating and refrigerated cooling

Exterior & Lot

  • 0.13-acre level lot
  • Private patio with Sandia Mountain views
  • 2-car attached garage with storage
  • Frontage on Tramway Terrace Court NE
  • Low-maintenance landscaping
  • Situated on a quiet cul-de-sac

Location & Neighborhood

  • Sandia Heights neighborhood
  • Sandia Peak Tramway ~2.5 miles
  • Albertsons Market ~1.1 miles
  • Little Cloud Park ~0.2 miles
  • Short drive to local dining and coffee shops
  • Attractive to professionals and retirees

Walkability & Recreation

  • Walkability Rating: 50/100 — Somewhat Walkable
  • Nearby parks and green spaces (Little Cloud Park)
  • Hiking and biking trails within immediate vicinity
  • Sandia Peak Tramway (2.5 miles) for mountain access
  • Running/walking paths and neighborhood greenways
  • Community recreation and outdoor amenities nearby
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Realtor.com listing for 2510 Tramway Terrace Ct NEView source
2
Zillow listing for 2530 Tramway Terrace Ct NEView source
3
Realtor.com listing for 2402 Tramway Terrace Ct NEView source
4
Zillow listing for 2534 Tramway Terrace Ct NEView source
5
Realtor.com listing for 1822 Tramway Terrace Loop NEView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.