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81 W Leman Rd, Lovington, NM, 88260

3beds
2baths
1,746sqft
$173,500
$99price/sqft
$1,302/moest. monthly cost
$52,080/yrincome needed

About This Home

Opportunity awaits in this three bedroom, two bath home situated on 1.9 acres +/- with livestock pens. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

2/10
Lea Elementary SchoolGrades 13.9 mi
7/10
Sixth Grade AcademyGrades 64.3 mi
7/10
Lovington High SchoolGrades 10-125.3 mi

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Metal
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,746
  • Total interior livable area: 1,746 sqft

Property

Details

  • Parcel number: 4 000 783 610 001
  • Special condition: In Foreclosure

Lot

  • Lot size: 1.98 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Wildfire
    WildfireVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hail
Wildfire
Cold Wave
Drought
Inland Flooding
Lightning
Strong Wind
Winter Weather
Heat Wave
Ice Storm

FEMA Declared Disasters in Lea County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $877$10,524
Home Insurance *$202$2,424
Property Taxes $75$900
Electricity $148$1,780
Total$1,302$15,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,640/yr
40% on housing$39,060/yr
45% on housing$34,720/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%
10.1%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.5%
3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$99This listing

vs Other Active Listings

Avg $/sqft

ZIP 88260$114
Lea County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 88260$159
Lea County$152

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

Unknown Listed By

AgentDana Rowell
BrokerageRealhome Services & Solutions

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