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$310,000

140 TORREY PINES Drive, Santa Teresa, NM, 88008

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,732 Sq Ft
price_per_sqft$178.98 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesWater Heater, Dishwasher, Free-Standing Gas Oven, Gas Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGazebo, Back Yard Access
Lot Size8,991 sqft

Building Information

Year Built1987
Stories1
Roof Type158
Garage Spaces2

Land Information

APN4-016-166-014-490
Lot Number104
SubdivisionViewpointe Subdivision Replat Of
Land UseResidential
Legal DescriptionSUBD: VIEWPOINTE SUBDIVISION REPLAT OF (BK 13 PG 75 - 812175) LOT: 104 S: 22 T: 28S R: 3E
Census Tract001701
Assessed Land Value$7,545
Assessed Improvement Value$50,611
Assessment Year2025

About this property

Welcome to 140 Torrey Pines in the desirable community of Santa Teresa, NM! This charming 3-bedroom, 2-bath home offers 1,932 sq ft of comfortable living space on a spacious corner lot in a great neighborhood. Enjoy an open-concept kitchen perfect for entertaining, complemented by elegant shutter blinds throughout the home. Step outside to your private backyard oasis featuring a refreshing pool, stunning mountain views, RV parking, and two storage sheds for added convenience. This property is being sold as-is, offering a great opportunity for buyers to bring their own vision and personal design touches. Priced accordingly, it presents incredible potential for customization and value. Don't miss out on this unique property with so much to offer!

Investor Tools

$10,747Estimated Mortgage Balance
$280,253Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,741
$58,156
2025
$7,545
$50,611
$174,468
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,741
$58,156

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Government Employees Credit Union
N/A
$48,950
N/A
First
Jul 24, 2000
Aug 2010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$10,747
$280,253
96%
4%
$294/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,350/mo
$294/mo
+$1,056/mo
5.6%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore NM Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Santa Teresa

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140 TORREY PINES Drive | Property Details | No Agent List