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$343,000

NAL Estimated Property Value

216 Dream Spirit, Santa Teresa, NM, 88008

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,010 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.08 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDishwasher, Dryer, Free-Standing Gas Oven, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringTile, Carpet

Exterior

Private PoolPrivate Pool
Lot Size10,250 sqft

Building Information

Year Built2002
Stories1
Roof Type110
Garage Spaces483

Land Information

APN4-015-167-458-037
Lot Number20
SubdivisionSanta Teresa Subdivision Replat Unit 1a
Land UseResidential
Legal DescriptionSUBD: SANTA TERESA SUBDIVISION REPLAT UNIT 1A (BK 14 PG 40 - 8512016) LOT: 20 BLOCK: 3 SUBD: SANTA TERESA SUBDIVISION REPLAT
Census Tract001701
Assessed Land Value$16,667
Assessed Improvement Value$63,709
Assessment Year2025

About this property

Welcome to this beautifully maintained 3 bedroom 2 bath home in the heart of Santa Teresa. This charning property features an open concept layout with abundant natural light, perfect for both everyday living and entertaining. The generous living area flows seamlessly into a well-appointed kitchen equipped with ample cabinetry, expansive counter space, and a convenient breakfast bar. A separate dining area offers the ideal setting for gatherings. The primary suite provides a peaceful retreat with a large walk-in closet and an ensuite bath offering double sinks, a soaking tub, and a separate shower. Two additional bedrooms deliver flexibility for guests, an office, or hobbies. Step outside to a private backyard with plenty of space for outdoor dining, relaxation, or future landscaping ideas. Located in a desirable Santa Teresa community, this home combines comfort, space, and convenience—just minutes from local shopping, dining, and easy access to the El Paso area.

Investor Tools

Property Icon
$343,000
Estimated Property Value
$310,053Estimated Mortgage Balance
$32,947Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,070
$80,376
2025
$16,667
$63,709
$241,128
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,070
$80,376

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$310,950
No
First
Mar 3, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,053
$32,947
9%
90%
$1,865/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,350/mo
$1,925/mo
$-575/mo
4.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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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216 Dream Spirit | Property Details | No Agent List