Last 24 Hours
$549,000
263 Hay Patch Drive, Fort Sumner, NM, 88119
On Market
3 Beds
3 Bath
2,689 Sq Ft
Single Family Residence
$204.17 / sqft
Built in 2007Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Half 3AppliancesTankless Water Heater
Exterior
Private PoolExterior FeaturesBrick
Lot Size17 acres
Building Information
Garage Spaces2
Land Information
APN115501219536200
Land UseResidential
Legal DescriptionSECTION-02 TOWNSHIP-02N RANGE-26E N1/2SE1/4NW1/4, LESS 3 AC TO WILSON, & LESS 6.84 AC TO GAMMILL. 10.16 ACRES 9.16 IRRIGATED
Census Tract960100
Assessed Land Value$2,384
Assessed Improvement Value$131,429
Assessment Year2025
About this property
Located in the picturesque Fort Sumner Valley, this beautiful brick home, built in 2007 is situated on 10.287 acres (+/-), with 9.16 acres of tillable land and water rights in the Fort Sumner Irrigation District. The tillable acres have been planted with a new alfalfa crop. Updates to the home include granite counter-tops in the kitchen, flooring, recessed lighting in the main living areas and new paint, maintaining this homes like-new appearance. Featuring a spacious open-concept layout, the home offers 3 bedrooms, 3 bathrooms, an oversized garage and a sizable 24x50 metal shop.
Investor Tools
$0Estimated Mortgage Balance
$544,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,623
$133,813
2025
$2,384
$131,429
$401,841
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,623
$133,813
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$544,000
100%
0%
$0/mo
12.4%