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Days11Days on Market
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$349,950

856 CEDAR PARK Avenue, Santa Teresa, NM, 88008

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,803 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.09 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesWater Heater, Dishwasher, Free-Standing Gas Oven, Microwave
FlooringTile, Carpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesWalled Backyard, Back Yard Access
Lot Size5,250 sqft

Building Information

Year Built2015
Stories1
Roof Type106
Garage Spaces441

Land Information

APN4-014-165-380-497
Lot Number27
SubdivisionValencia Park Unit One
Land UseResidential
Legal DescriptionSUBD: VALENCIA PARK UNIT ONE (BK 23 PG 566-568 - 1401396) LOT: 27 BLOCK: 3 S: 8 T: 28S R: 3E
Census Tract001701
Assessed Land Value$11,667
Assessed Improvement Value$71,198
Assessment Year2025

About this property

Discover comfort and style in this beautiful 4-bedroom, 2-bathroom home located in the highly desirable Valencia Park subdivision. Designed for both relaxation and functionality, this well-maintained property features a spacious open-concept living area, a modern kitchen with ample cabinetry, and generous natural light throughout. The split-bedroom layout provides added privacy, while the primary suite includes a walk-in closet and a full en-suite bath. Enjoy outdoor living in the landscaped backyard--perfect for gatherings, pets, or peaceful evenings under the New Mexico sky. Located in a quiet neighborhood with convenient access to schools, parks, within minutes from West Town and enjoy shopping, and dining. This home is a fantastic opportunity whether you're a first-time buyer, growing family, or someone looking for the perfect place to call home. Don't miss the chance to make this Valencia Park gem yours!

Investor Tools

Property Icon
$316,000
Estimated Property Value
$0Estimated Mortgage Balance
$151,704Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Alejandro Gamboa

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,238
$82,865
2025
$11,667
$71,198
$248,594
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,238
$82,865

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Heritage Bank
Fha
$212,037
Yes
First
Nov 30, 2015
Dec 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,296
$151,704
48%
52%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
5.9%

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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856 CEDAR PARK Avenue, Santa Teresa, NM 88008 | Property Details | No Agent List