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Dona Ana 88021
481 Wallace Road
$500,000
● House - Off Market

481 Wallace Road

Anthony, NM 88021
bedrooms
4 Beds
bathrooms
2 Baths
$509,853
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Don't miss this wonderful home on 2.6 acres in Anthony NM with gorgeous Franklin Mountain views. Home features 4 bedrooms, 3 baths, 2 fireplaces, zoned master has a fireplace, walk in closet and nice master bath with double sinks and jacuzzi tub.  A formal living and dining room, breakfast room, a large den with a fireplace and a large enclosed back patio with saltillo tile floors and wet bar. Kitchen has tile floors and counter tops.  There is an attached 2 car garage and a huge 40x24 workshop that could house an additional 2-3 cars.  There are work benches and shelving.  Backyard features horse corals and a large dog kennel.  Additionally features are a well, irrigation rights and refrigerated air.  Front entrance to property has an electric gate.
Unit Size
-
Days on Market
100 days
Land Size
2.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #878424)

Price History

Date / Event Date Event Price
Jun 29, 2023 Sold
Premium
Sold
Mar 20, 2023 Listed by ERA Sellers & Buyers Real Esta $509,000
Listed by ERA Sellers & Buyers Real Esta
Mar 1, 1999 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 89,734
  • Total Building Area: 3,324
  • Gross Building Area: 3,716
  • Building Area: 2,795
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 2,795
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST VALLEY FARMS SUBDIVISION
  • Land Acres: 0000002060
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: SUBD: WEST VALLEY FARMS SUBDIVISION REPLAT OF LOTS 1-5 BLK 2 (BK 12 PG 289 - 7910191) LOT: 17 BLOCK: 2 S: 28 T: 27S R: 3E

Neighborhood

  • School District Name: Gadsden Independent Schools
  • Census Tract: 001703

Zoning

  • Zoning: T3

Geography

  • Account Number: R1704558
  • Parcel: 17-04558
  • Block: 2
  • Lot: 17
  • Meridian: SEC 28 TWN 27S RNG 03E
  • Latitude: 31.9267
  • Longitude: -106.645

    Address

  • Full Address: 481 Wallace Rd
  • Address - House Number: 481
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: NM
  • City Name: Anthony
  • Carrier Code: R001
  • 4-Digit Zip Code: 8404
  • Zip Code: 88021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $350,808
  • Tax Rate Code Area: 16OUT_R

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 482,064
  • High Value: 565,267
  • Low Value: 398,861

    Market Valuation

  • Market Total Value: $344,220
  • Market Land Value: $85,959
  • Market Improvement Value: $258,261

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,740
  • Assessed Land Value: $28,653
  • Assessed Improvements Value: $86,087

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13366
  • Previous Sale Recording Date: Mar 01, 1999
  • Previous Sale Contract Date: Oct 19, 1998
  • Previous Sale Amount: $182,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Dona Ana

Stats & Trends

Median Asking:

$342,250

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1816 ft²

Average Home Age

10.2 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GEPAR

Listed by: Douglas Van Nortwick, ERA Sellers & Buyers Real Esta
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 878424
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 481 Wallace Road built and last sold?
The property at 481 Wallace Road was built in 1981 and last sold on Jun 22, 2023 for $506,170.
How much is this home worth?
The estimated value of the home located at 481 Wallace Road is $513,152.
What are some comparable homes to 481 Wallace Road?
There are currently no comparable homes to 481 Wallace Road.
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