This is the Real Estate Beat column in the July Eldorado Living Magazine. These two have some of the most amazing real estate juju I have ever worked with. Enjoy!
Get ready to question the laws of physics. These private homes have such wild architecture you have to wonder if Dr. Seuss had a hand in their design.
Here’s 11 unique, innovative New Mexico homes that really stand out.
The Residence of Architect Bart Prince
Built in 1983, this funky-looking Albuquerque house goes by many names: “The Spaceship House,” “The Hovercraft House,” “The Bug House,” and “OMG WTF is that?”
It’s the residence of New Mexico architect Bart Prince (3501 Monte Vista Blvd. NE), who designed many amazing houses and community centers in New Mexico.
“On the top level are a series of translucent water tubes which are part of a passive solar heating system. There are two spiral stairs which serve the upper area and connect it to the living room and studio. A masonry tower, added in 1990, provides library and drawing storage space,” reports Albuquerque Business First.
Next door (3507 Monte Vista Blvd. NE) is another structure that’s more angles than curves, but still has the same cantilevered style. It’s said to be Prince’s studio.
The Camouflage House
“The Camouflage Home,” or “The Flintstone House” as locals call it, seems to almost disappear into the surrounding rocky desert landscape.
Designed by Santa Fe jeweler Norah Pierson, this 2,300-square-foot home in Lamy isn’t actually made from rock at all. It’s covered with a polyurethane spray foam that’s usually used as insulation to give it a stone-like look and then tinted it to match the environment.
The Turbulence House
The Turbulence House, created by architect Steven Holl (2001-2005), sits atop a windy desert mesa in northern New Mexico.
“The form allows turbulent wind to blow through its center. The stressed skin and aluminum rib construction is digitally prefabricated in Kansas City then bolted together on site. A total of 31 metal panels, each with a unique shape are fabricated to form the ‘shell’ of the house,” writes Holl.
The Mead/Penhall Residence
Albuquerque’s Mead/Penhall residence, designed by Bart Prince (1992-1993), is “built on the last vacant lot in a previously developed neighborhood with existing houses on three sides.”
Sometimes called “The Cigar House” due to its shape, the residence “is lifted above the site to take advantage of the distant mountain and valley views. The plan of the house resulted from a response to the clients who wanted to provide for their collection of art and antique furniture in a contemporary environment.”
The Modern Ruin
“The Modern Ruin” is the name of a house and studio in Agua Fria Traditional Village (3094 Agua Fria), just outside Sante Fe.
Sharing a piece of property with a family member’s house, a green house, chicken coops, and a garden, the new structures designed by Autotroph Design (2011) embody the area’s traditional adobe architecture and its modern industrial infrastructure.
According to Autotroph Design, the goal was to convey a modern ruin — “clean, elegant form with a weathered, hand-hewn feel.”
“Additional factors informing the design include a rooftop deck reached via the single upstairs bedroom, with space for a future green roof. Water catchment and gray water reuse are key to maintaining cottonwood and aspen trees, limber pines, native grasses and restoring the property’s historic orchard.”
The Scherger/Kolberg Residence
This Albuquerque house designed by Bart Prince (2001-2005) even has its own website. The house takes advantage of the views from the base of the mountain.
“The site backs up to a national park and offers great views of the mountain as well as the city below. The plan of the house wraps around a center courtyard that is used for the main entrance. Sloping roofs and large windows extend the view.”
The Earthship Biotecture Houses of Taos
An Earthship is a type of passive solar house made of natural and recycled materials (like earth-filled tires), designed and marketed by Earthship Biotecture of Taos.
They’re designed to work as autonomous buildings using thermal mass construction and natural cross ventilation assisted by thermal draught to regulate indoor temperature. Earthships are off-the-grid homes, minimizing their reliance on public utilities and fossil fuels. They’re built to utilize the available local resources, especially energy from the sun.
You can find most of them along Earthship Way, just outside of Taos.
The Fu Residence
The Fu Residence in Rio Rancho is another Bart Prince design (1999-2002). Sometimes called “The Snake House,” it’s located on Huron Drive, just north of Northern Boulevard.
“This site slopes gently from west to east toward the Rio Grande valley in the near distance and the Sandia Mountain range beyond,” according to Prince’s website.
The Sage House
“The Sage House” in Taos, designed by architect Jon Anderson and Antoine Predock(2006-2008), has panoramic views of the Sangre de Cristo Mountains.
According to Predock’s website: “The Sage House is organized along a simple arc, focusing views outward to the dramatic landscape. An internal courtyard, sheltered from prevailing southwestern winds with walls, an earthen berm and an orchard, completes the inscribing arc.
Designed for a renowned local chef, the house contains a restaurant quality kitchen and spaces for large social events. The central spaces are organized around the courtyard so that the house can be opened to the landscape for warm weather parties. The courtyard contains a central fire pit and is shaded by trellises for summertime use.”
The Whitmore Residence
The Whitmore Residence, or “Glorieta House” as Bart Prince dubbed it (2001-2004), is in Glorieta, New Mexico.
The house sits on the side of the hills in the distance. Prince writes that it’s “a beautiful site of several acres bisected by the adjacent Galisteo River and the Santa Fe Railroad.
The various spaces of the house cascade down the gentle slope in small increments, which total 20 feet in elevation from the lowest to the highest. The central living pavilion is separated from the master suite at one end of the house and the guest suite at the other end by courtyards which provide exterior sleeping areas protected from rattlesnakes and coyotes.”
The Dome Homes
These curious spherical shells are comprised of building materials like Airform, an inflatable balloon-like base structure, steel-reinforced concrete, and polyurethane foam.
Monolithic, the Italy, Texas-based creator of these unique houses, designed a 1,000-square foot sphere in El Prado, New Mexico (35 April Way). The structure comes with all the standard home appliances and heated floors.
But it’s not the only dome home in-state. There’s a teensy 320-square foot, solar-powered dome home in neighboring Taos (211 Camino De Lovato).
This story is from the National Association of Realtors magazine – Jan 2015
2015 Remodeling Cost vs. Value: Less Is More
Smaller replacement projects, particularly those that enhance curb appeal, remain the most cost effective way for sellers to improve value.
With home price gains slowing in most parts of the country, sellers will be looking for ways to get top dollar for their listing. Cleaning and staging make a big difference. But for some sellers—such as investors seeking to bring a property up to neighborhood standards before the sale—remodeling work may be the ticket.
What Is the Cost vs. Value Report?
The Remodeling Cost vs. Value Report, produced by Remodeling magazine in cooperation with the National Association of REALTORS® and REALTOR® Magazine, provides estimated costs for 36 midrange or upscale home-improvement projects, along with the percentage of cost that owners can expect to recoup when they sell. Projects range from a new garage door to a master suite addition.
Project costs for the 102 markets surveyed for the 2015 report were provided by RemodelMax, a publisher of estimating tools for remodelers, using Clear Estimates remodeling software. NAR members provided the expected value of the projects at resale.
To learn more and see all 36 projects broken down by region and market area, visit Remodeling at CostvsValue.com.
Remodeling magazine’s 2015 Cost vs. Value Report, ©2015 by Hanley Wood LLC. Republication or re-dissemination of the Report is expressly prohibited without written permission of Hanley Wood, LLC. “Cost vs. Value” is a registered trademark of Hanley Wood LLC.
As the 2015 Remodeling Cost vs. Value Report makes clear, large-scale jobs aren’t likely to return sellers their full cost. But there are improvements worth doing in anticipation of an upcoming sale. Some will return almost 100 percent of their cost. Others may not have as great a payback, but they can improve the market position of the property in relation to the competition. (Think about the impact of beautiful kitchen photos on online home shoppers.) In addition, several pricier projects can provide owners with a few years of enjoyment while still offering a decent payback down the road.
As a general rule:
Simpler, lower-cost projects tend to return greater value. The national average cost for a steel door replacement was $1,230, for example. That’s the least expensive project on the list, and it ranks highest on the payback scale, returning 101.8 percent nationally on average. In fact, in 43 of the 102 markets surveyed, REALTORS® said the new door would recoup more than 100 percent of its cost. Other projects expected to top 100 percent payback in multiple markets: the midrange garage door replacement, the upscale garage door replacement, the midrange wood window replacement, and the minor kitchen remodel. Notice a pattern? With the exception of the kitchen job, they’re all replacement projects. In general, replacements cost less and provide a bigger payback than remodels or additions.
First impressions are important. The replacements that offer the greatest payback are the ones that are most obvious to buyers when they first view a house in person or online, such as new door or garage door. Siding replacement also provides great value at resale—particularly this year’s one new project, manufactured stone veneer, which is expected to recoup 92.2 percent of its cost nationally on average.
Kitchens still offer the most remodeling bang for the buck. The only remodeling job breaking into the top 10 in terms of payback is the minor kitchen remodel with a national average cost of $19,226 and a national average payback of 79.3 percent.
Top 4 projects nationally in terms of cost recouped:
1. Entry door replacement (101.8%)
2. Manufactured stone veneer (92.2%)
3. Garage door replacement (88.5%)
4. Siding replacement, fiber cement (84.3%)
Expect bigger payoffs in the West. In addition to reporting national averages, Remodeling magazine breaks down Cost vs. Value data by Census region. In the Pacific region—which includes Alaska, California, Hawaii, Oregon, and Washington—six projects are expected to top 100 percent payback. The nearest competitor is the East South Central region—Alabama, Kentucky, Mississippi, and Tennessee—where two projects are expected to top 100 percent payback.
Just how much sellers can expect to recoup from home improvements depends on the job and the region of the country they live in. There are also factors that vary from house to house and sale to sale, such as what updates are typical for the neighborhood, the quality of the work, and how important the improvement is to a particular buyer. And while you can’t apply this data directly to any specific house or neighborhood, you can use the Cost vs. Value Report as a starting point in discussions with buyers and sellers about the cost and value of remodeling.
Here is the monthly Eldorado Real Estate Report, covering the last six months from May 2014 through October 2014.
– 60 active listings in October, 17 went under contract and 12 sold. We continue to see strong activity in Eldorado in the fourth quarter. Inventory is down a bit, as the number of homes sold increases.
.- $162 was the average price per square foot in last month. Remember it depends on the size and age of the property and the quality of the finishes. The larger the house, the lower the price per square foot. This has ranged from $149 – $173 over the last six months.
-110 was the average days on the market in October.
– 96% is the sales price vs. listing price last month.This has ranged from 94% – 98% for the six months. This largely depends on sellers pricing their properties near where the home will sell. This is the listing price when the home sold, not the original listing price.
.- 350K was the average listing price in October.
– 350K was also the average sales price.
– 5 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months signals a healthy real estate market, so Eldorado continues to do well.If you would like more information, please email or give me a call.
|Number of Homes For Sale vs. Sold vs. Pended (May. 2014 – Oct. 2014)
|Average Price per SQFT (May. 2014 – Oct. 2014)
|Avg Days On Market & Sold/List Price % (May. 2014 – Oct. 2014)
|Average Price of For Sale and Sold (May. 2014 – Oct. 2014)
|Months of Inventory Based on Closed Sales (May. 2014 – Oct. 2014)
|If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart*All reports are published November 2014, based on data available at the end of October 2014. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.