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Capitan 88316
245 MAIN Road
$101,000
● House - Off Market

245 MAIN Road

Capitan, NM 88316
bedrooms
3 Beds
bathrooms
2 Baths
$106,217
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

.88 Acre view lot in Capitan NM 15 minutes from downtown Ruidoso. Mild winters and warm summers make Capitan an ideal place for retirees. Many artisans have flocked to Capitan for its inspiring and unique landscapes. Capitan Municipal Schools are known to be some of the best in NM,

Tranquil and gorgeous New Mexico views. Double wide fixer upper with 3 spacious bedrooms and 2 full bathrooms.

City water /electric, Owner will finance .
Unit Size
-
Days on Market
67 days
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$50
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (GEPAR MLS #861501)

Price History

Date / Event Date Event Price
Jun 20, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by AMAR Real Estate Group $105,000
Listed by AMAR Real Estate Group
Dec 29, 2011 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,300
  • Total Building Area: 0
  • Building Area: 1,588
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,588
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNTAIN VIEW SD
  • Land Acres: 0000000879
  • Standard Land Use Code: 1999
  • Legal Description 1: MOUNTAIN VIEW SD. UNIT 2 LOT 5

Neighborhood

  • School District Name: Capitan Municipal Schools
  • School Tax School District: 28I
  • Census Tract: 960300

Geography

  • Account Number: 354560
  • Parcel: 4-075-050-355-455
  • Lot: 5
  • Municipality: CAPITAN SCHOOL DISTRICT IN
  • Latitude: 33.5367
  • Longitude: -105.613

    Address

  • Full Address: 245 Main Rd
  • Legal Unit: 2
  • Address - House Number: 245
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: NM
  • City Name: Capitan
  • Zip Code: 88316

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,505

    Appraisal Valuation

  • Standard Deviation: 0.1979
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 73
  • Final Value: 111,370
  • High Value: 133,417
  • Low Value: 89,323

    Market Valuation

  • Market Total Value: $84,576
  • Market Land Value: $27,417
  • Market Improvement Value: $57,159

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,192
  • Assessed Land Value: $9,139
  • Assessed Improvements Value: $19,053

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Feb 15, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 830
  • Previous Sale Recording Date: Apr 22, 2021
  • Previous Sale Contract Date: Apr 22, 2021
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Capitan

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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GEPAR

Listed by: Anna Cosgrove, AMAR Real Estate Group
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 861501
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 245 Main Road built and last sold?
The property at 245 Main Road was built in 1974 and last sold on Jan 31, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 245 Main Road is $0.
What are some comparable homes to 245 Main Road?
There are currently no comparable homes to 245 Main Road.
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