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$519,000

1602 Waterfront St, Anthony, NM, 88021

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,305 Sq Ft
price_per_sqft$191.76 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDishwasher, Disposal, Free-Standing Gas Oven, Water Softener Rented
FlooringTile, Carpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Playground, Back Yard Access
Lot Size40,511 sqft

Building Information

Year Built1987
Stories1
Roof Type158
Garage Spaces2

Land Information

APN4-015-155-080-100 01
Land UseSingle Family
Legal DescriptionS: 28 T: 26S R: 3E USRS 27 PT OF TR 37, INSTRUMENT #2232391
Census Tract001811
Assessed Land Value$5,930
Assessed Improvement Value$63,284
Assessment Year2023

About this property

Large three-bedroom, two-bathroom home sits on a spacious lot of almost an acre, offering plenty of room inside and out. The heart of the house is a big kitchen with an island that sits right next to the main living area, where you can enjoy the brick fireplace. For those who like to host, the living and dining rooms include a built-in bar. The nearby sunroom offers a great view of the entire backyard. The home is designed with practical spaces in mind, including a very large laundry room that has enough space to be used as a mudroom or crafts room. A water softener for extra fresh water. In the main bathroom, you can relax in the jetted tub.The outdoor space is a major highlight of this property. The yard is filled with trees, including 13 Pecan trees & Nopales de Castilla. Spend time outside, sitting under the various covered patios, swimming in the pool, or playing on the basketball court. Additionally, the property includes a barn that comes with its own bathroom, providing extra convenience. Irrigation.

Investor Tools

Property Icon
$519,000
Estimated Property Value
$356,125Estimated Mortgage Balance
$186,556Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,114 /month
Positive
Cash Flow Estimate:
$1,038 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$558/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,100
$69,214
2023
$5,930
$63,284
$207,642
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,100
$69,214

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Fha
$356,125
Yes
First
Dec 22, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,623
$185,377
35%
64%
$2,136/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,269/mo
$2,136/mo
$-867/mo
2.9%

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: Anthony

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1602 Waterfront St | Property Details | No Agent List