Are you looking for an affordable, compact home with great potential in Alamogordo, NM? Look no further than 522 New York Ave. With its charming 1-bedroom, 1-bathroom layout and a price that’s hard to beat, this property is perfect for first-time homebuyers, investors, or anyone looking to downsize.
Property Overview – 522 New York Ave
Located on a desirable corner lot, this 908 sq ft site-built home provides both comfort and opportunity. Whether you’re drawn to its inviting covered front porch or the spacious backyard that offers privacy with a fully fenced yard, this home holds excellent potential for those looking to make it their own.
Key Features:
1 Bedroom, 1 Bathroom: Ideal for singles, couples, or as a cozy vacation getaway, this home offers just the right amount of space.
Ample Living Areas: A unique layout with a living room, additional dining area, and an eat-in kitchen means you don’t have to compromise on comfort despite the compact size.
Pitched Metal Roof: This durable roof provides long-lasting protection for the home, making it a great investment for years to come.
Evaporative Cooling: Perfect for the New Mexico climate, evaporative cooling helps keep the home comfortable during the warmer months while keeping energy costs in check.
Fully Fenced Backyard: Privacy and space for your pets, hobbies, or gardening await in the back yard. Plus, you’ll have access to the alley for additional convenience.
Detached Garage: While the garage is currently condemned, there is potential to repair or replace it, adding even more value to the property.
What’s the Potential?
While the house needs some TLC, the opportunity here is clear. With a price of just $71 per square foot, it’s priced below the tax assessed value of $88,908, offering the chance to build equity with a little effort. The home is priced to sell, and the seller is open to considering all offers.
Key Financial Details:
Price per Square Foot: $71/sqft
Tax Assessed Value: $88,908
Annual Tax Amount: $752
If you’re considering an investment in Alamogordo real estate, this property has the potential to be a smart choice. The lower purchase price and manageable size mean you won’t be stuck with high monthly payments or excessive maintenance costs.
Why Alamogordo?
Alamogordo is a hidden gem in southern New Mexico, offering a friendly community and access to breathtaking outdoor activities. Whether you’re hiking in the nearby mountains, exploring the White Sands National Park, or enjoying the vibrant arts scene, Alamogordo offers a relaxed and affordable lifestyle that’s perfect for anyone looking to get away from the hustle and bustle of larger cities.
Could This Be Your Next Home?
If you’re looking for an affordable home with charm and the ability to customize, 522 New York Ave could be the perfect fit. With some updates and a bit of creativity, this home could be transformed into a beautiful sanctuary in the heart of Alamogordo.
Interested in learning more or scheduling a tour? Don’t hesitate to reach out! Homes like this don’t last long in Alamogordo, so make sure you act fast before someone else snatches up this great opportunity.
Listed by Zillow