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Truth or Consequences 87901
515 Corbett Street
$45,000
● House - Off Market

515 Corbett Street

Truth or Consequences, NM 87901
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$51,385
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Charming 3 Bed room 1 bath home in beautiful truth or consequences, NM.  Has an enclosed sun room and a cozy kitchen. Elephant Butte Sate Park just minuets away. Property was built prior to 1978 and lead based paint may potentially exist. Seller is The Secretary of Agriculture.  Seller to convey title via a quit claim/non-warranty deed only.
Unit Size
-
Days on Market
923 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$39
HOA Dues
-
Year Built
1950

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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 #814472)

Price History

Date / Event Date Event Price
Mar 25, 2022 Sold
Premium
Sold
Aug 26, 2019 Listed by Future Co., REALTORS $49,900
Listed by Future Co., REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Total Building Area: 1,280
  • Gross Building Area: 1,280
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YUCCA HEIGHTS
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 201
  • Legal Description 1: YUCCA HEIGHTS BLOCK 12 LOTS 7 & 8

Neighborhood

  • School District Name: Truth or Consequences Schools
  • Census Tract: 962200

Geography

  • Account Number: 16503
  • Parcel: 3021078182263
  • Block: 12
  • Lot: 7,8
  • Municipality: COUNTY
  • Latitude: 33.1358
  • Longitude: -107.237

    Address

  • Full Address: 515 Corbett
  • Address - House Number: 515
  • Address - Street Name: Corbett
  • State: NM
  • City Name: Truth Or Consequences
  • Carrier Code: C002
  • 4-Digit Zip Code: 2615
  • Zip Code: 87901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $64,823
  • Tax Rate Code Area: 6 IN

    Appraisal Valuation

  • Standard Deviation: 0.4428
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 11
  • Final Value: 119,140
  • High Value: 171,897
  • Low Value: 66,382

    Market Valuation

  • Market Total Value: $80,253
  • Market Land Value: $12,978
  • Market Improvement Value: $67,275

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,751
  • Assessed Land Value: $4,326
  • Assessed Improvements Value: $22,425

    Sales

  • Current Sale Contract Date: Mar 24, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 852
  • Previous Sale Recording Date: Dec 04, 2018
  • Previous Sale Contract Date: Dec 03, 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 Truth or Consequences

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.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 515 N Silver Street, Truth or Consequences, NM, 87901

$1,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,378 ft²
515 N Silver Street, Truth or Consequences, NM, 87901 Listing by Gustavo Andazola

Rentals Near You

Click here to view more rentals in the neighborhood.
GEPAR

Listed by: Steve Hicks, Future Co., REALTORS
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 814472
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 515 Corbett Street built and last sold?
The property at 515 Corbett Street was built in 1950 and last sold on Mar 24, 2022 for $181,521.
How much is this home worth?
The estimated value of the home located at 515 Corbett Street is $0.
What are some comparable homes to 515 Corbett Street?
There are currently no comparable homes to 515 Corbett Street.
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