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$404,000

NAL Estimated Property Value

309 Dream Spirit, Santa Teresa, NM, 88008

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,800 Sq Ft
price_per_sqft$142.5 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDishwasher, Disposal, Refrigerator
FlooringTile, Carpet

Exterior

Exterior FeaturesBack Yard Access
Lot Size9,672 sqft

Building Information

Year Built2003
Stories1
Roof Type158
Garage Spaces418

Land Information

APN4-015-167-472-086
Lot Number3
SubdivisionSanta Teresa Subdivision Replat Unit 1a
Land UseResidential
Legal DescriptionSUBD: SANTA TERESA SUBDIVISION REPLAT UNIT 1A (BK 14 PG 40 - 8512016) LOT: 3 BLOCK: 6 S: 28 T: 28S R: 3E
Census Tract001701
Assessed Land Value$15,939
Assessed Improvement Value$95,270
Assessment Year2025

About this property

Move in Ready !!Great two story home featuring 5 bedrooms and 3 full baths (2 bedrooms down) with approximately 2800 sq ft. Nice kitchen with Island with an abundance of cabinetry open to family room. Formal living and dining room. Spacious Backyard and Double Garage on side of home.

Investor Tools

Property Icon
$404,000
Estimated Property Value
$394,347Estimated Mortgage Balance
$9,653Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,424 /month
Positive
Cash Flow Estimate:
$808 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$304/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$111,209
2025
$15,939
$95,270
$333,627
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$111,209

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Solutions Of Colorado Llc
Va
$399,000
Yes
First
Sep 9, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$394,347
$9,653
2%
98%
$2,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$2,393/mo
$-843/mo
4.6%

City: Santa Teresa

309 Dream Spirit | Property Details | No Agent List