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    5 Pajaro Azul Dr Placitas, NM 87043

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    For Sale
    $168,000

    1.96 acres in The Overlook subdivision with expansive views.

    Lot size:
    1.97 Acres

    Property Features for 5 Pajaro Azul Dr

    General Information

    Lot size
    1.97 Acres
    Source: Moodyscre

    Listing Agent: Coralee Quintana, Mba

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Placitas Land with Mountain Views

    This 1.96-acre property is located in The Overlook, a premier subdivision in Placitas, New Mexico. The site offers views of the Sandia Mountains, Santa Fe, Jemez, Cabazon, and the Rio Grande Valley. It is situated approximately 5.7 miles from I-25.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Computer & Electronic Repair Wine and Liquor Store Tech Support Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Placitas
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.446955
    Latitude
    35.306828

    FAQs

    What type of property is this?
    Land - 1.96 acres in The Overlook subdivision with expansive views.
    Where is this land located?
    The property is located at 5 Pajaro Azul Dr Placitas, NM.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: - Commanding views of the Sandia Mountains, Santa Fe, Jemez, Cabazon, and the Rio Grande Valley; - 1.96 acres in The Overlook; - Premier Placitas subdivision
    (505) 639-1266
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    5 Pajaro Azul Dr Placitas, NM 87043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Pajaro Azul Dr Placitas, NM 87043
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