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Chaparral 88081
504 State Line Drive
$33,000
● Land - Off Market

504 State Line Drive

Chaparral, NM 88081
bedrooms
Studio
bathrooms
0 Bath
$49,833
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Rare 1 acre lot in Chaparral, was populated with a mobile home, septic in place, all utilities in place, fenced and located right on the state line
Unit Size
-
Days on Market
27 days
Land Size
0.96 acres
Price per sqft
-
Property Type
Land
Property Taxes
$15
HOA Dues
-
Year Built
-

Payment Calculator

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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 #804587)

Price History

Date / Event Date Event Price
Jun 4, 2019 Sold
Premium
Sold
Mar 7, 2019 Listed by Coldwell Banker Legacy $33,900
Listed by Coldwell Banker Legacy

Property Highlights

Building Info

Overview

    General

  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Garage Square Area: 609
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHAPARRAL INDIAN HILLS SUBVISION
  • Land Acres: 0000000960
  • Standard Land Use Code: 1000
  • County Land Use Code: R
  • Legal Description 1: SUBD: CHAPARRAL INDIAN HILLS SUBVISION (BK 16 PG 338-339 - 9017739) LOT: 14 BLOCK: 1 S: 36 T: 26S R: 5E

Neighborhood

  • School District Name: Gadsden Independent Schools

Zoning

  • Zoning: T3

Geography

  • Account Number: R1712453
  • Parcel: 17-12453
  • Block: 1
  • Lot: 14
  • Meridian: SEC 36 TWN 26S RNG 05E
  • Latitude: 32.0019
  • Longitude: -106.394

    Address

  • Full Address: 504 Stateline Dr
  • Address - House Number: 504
  • Address - Street Name: Stateline
  • Address - Suffix Type: Dr
  • State: NM

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,344
  • Tax Rate Code Area: 16OUT_R

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 39,651
  • High Value: 56,971
  • Low Value: 22,330

    Market Valuation

  • Market Total Value: $18,000
  • Market Land Value: $18,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,000
  • Assessed Land Value: $6,000

    Sales

  • Current Sale Contract Date: May 22, 2019
  • Current Sale Recording Date: May 29, 2019
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1911605
  • Previous Sale Recording Date: Nov 27, 2018
  • Previous Sale Contract Date: Sep 26, 2018
  • Previous Sale Document Type: 50
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 Chaparral

Stats & Trends

Median Asking:

$314,950

Sale Price/ft²

$194

Below Asking

0.02%

Average Days on Market

117

Average Home Size

1545 ft²

Average Home Age

-

Currently For Sale

4 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: John Adams, Coldwell Banker Legacy
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 804587
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 504 State Line Drive built and last sold?
The property at 504 State Line Drive was built in and last sold on May 22, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 504 State Line Drive is $34,239.
What are some comparable homes to 504 State Line Drive?
There are currently no comparable homes to 504 State Line Drive.
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