For SaleNeutral Deal51 days on market
22 Magpie Ln
22 Magpie Ln, Glorieta, NM 87535, Glorieta, NM 87535
$470,000
Estimate®:$454,100
Listing Price
22 Magpie Ln, Glorieta, NM 87535
Loc: Glorieta, NM
Days Listed
51
Tax Assessed
$258k
Estimate®
$454k
Market Rate
Lot Size
3.01 acres
Type
manufactured
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
El Dorado Community School
PK-8
9.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storystucco exteriorblue sidingrocky terrainwooded settingnatural landscapingremote locationrustic vibepropane tankflat rooflinemountain propertysecluded
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.60%
Total ROI
102.4%
Cash Flow
$147/mo
DSCR
1.06
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $147/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Glorieta
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-04 | Listed for sale | $470,000 | $269 |
| 2020-03-16 | Listing removed | $247,000 | $141 |
| 2019-09-25 | Price change | $247,000 | $141 |
| 2019-08-12 | Listed for sale | $289,000 | $165 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $186,070 |
| 2024 | $0 | $180,652 |
| 2023 | $0 | $175,391 |
| 2022 | $0 | $170,283 |
| 2021 | $0 | $165,325 |
| 2020 | $0 | $53,504 |
| 2019 | $0 | $51,946 |
| 2018 | $0 | $51,791 |
| 2017 | $0 | $50,283 |
| 2016 | $0 | $46,925 |
| 2015 | $0 | $45,558 |
| 2014 | $0 | $44,187 |
| 2005 | $729.35 | $0 |
| 2004 | $629.46 | $0 |
| 2003 | $677.98 | $0 |
| 2002 | $158.31 | $0 |
Similar Properties Nearby
Explore other investment opportunities in Glorieta.