Extraordinary Opportunity for 4.12 acres of mostly clear land with VIEWS of mountains and hot air balloons!! Super Convenient location in the highly sought-after North Valley off 2nd St, between Alameda & Paseo del Norte! Over 180,000 square feet - huge potential, this property is a blank canvas just waiting for your creative touch. Currently zoned R-1 with public utilities already connected to the property via an existing 1700sqft home at the SW corner of the land. Imagine subdividing, building, or developing a lovely community. This location has convenient access and unbeatable flexibility- near shops, restaurants and freeway access. Developers will want to investigate the feasibility of re-zoning. Call to schedule a showing!
For sale
Price cut: $300K (2/2)
$1,300,000
221 Homeland Rd NW, Albuquerque, NM 87114
3beds
1,768sqft
Est.:
Single Family Residence
Built in 1958
4.12 Acres Lot
$-- Zestimate®
$735/sqft
$-- HOA
What's special
Views of mountains
- 141 days |
- 393 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: February 26, 2026 at 02:13pm
Listed by:
Dee Rasberry 505-269-1505,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1094500
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
Primary bedroom
- Level: Main
- Area: 161.46
- Dimensions: 13.8 x 11.7
Kitchen
- Level: Main
- Area: 141.45
- Dimensions: 11.5 x 12.3
Living room
- Level: Main
- Area: 434.07
- Dimensions: 27.3 x 15.9
Heating
- Central, Forced Air, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Laundry: Other
Features
- Main Level Primary
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 1,768
- Total interior livable area: 1,768 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Has view: Yes
Lot
- Size: 4.12 Acres
- Features: Views
Details
- Parcel number: 101606414240920804
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Pitched,Shingle
Condition
- Resale
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $735/sqft
- Tax assessed value: $480,614
- Annual tax amount: $5,697
- Date on market: 11/14/2025
- Cumulative days on market: 142 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,190/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2026 | Price change | $1,300,000-18.8%$735/sqft |
Source:  SWMLS #1094500 Report a problem | ||
| 12/12/2025 | Price change | $1,600,000-20%$905/sqft |
Source: SWMLS #1094500 Report a problem | ||
| 11/14/2025 | Listed for sale | $2,000,000$1,131/sqft |
Source: SWMLS #1094499 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,887 +3.3% | $160,189 +3% |
| 2024 | $5,698 +1.9% | $155,524 +3% |
| 2023 | $5,594 | $150,995 +3% |
| 2022 | -- | $146,597 +3% |
| 2021 | $5,087 +1.9% | $142,327 +3% |
| 2020 | $4,994 | $138,182 +3% |
| 2019 | -- | $134,158 |
| 2018 | $4,167 -10.8% | $134,158 +3% |
| 2017 | $4,673 +8% | $130,250 +6.1% |
| 2016 | $4,327 -96.4% | $122,774 +3% |
| 2015 | $119,198 +2880.7% | $119,198 +3% |
| 2014 | $3,999 | $115,727 +3% |
| 2013 | $3,999 | $112,357 +3% |
| 2012 | -- | $109,085 +3% |
| 2011 | -- | $105,907 +3% |
| 2010 | -- | $102,823 +3% |
| 2009 | -- | $99,829 +3% |
| 2008 | -- | $96,921 +3% |
| 2007 | -- | $94,098 +3% |
| 2006 | -- | $91,357 +2.4% |
| 2005 | -- | $89,191 +1.5% |
| 2004 | -- | $87,857 |
| 2003 | -- | $87,857 |
| 2002 | -- | $87,857 |
| 2001 | -- | $87,857 -1.2% |
| 2000 | -- | $88,891 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,636/mo
Principal & interest
$6704
Property taxes
$932
More affordability tools
Climate risks
Neighborhood: North Valley
Nearby schools
GreatSchools rating
- 5/10Alameda Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Taylor Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Valley High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Alameda
- Middle: Taylor
- High: Valley
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 87114
- New Mexico
- Bernalillo County
- Albuquerque
- 87114
- North Valley
- 221 Homeland Rd NW
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