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604 S 3rd St, Lovington, NM, 88260

1beds
1baths
520sqft
$139,900
$269price/sqft
$1,078/moest. monthly cost
$43,120/yrincome needed

About This Home

Charming 1 bedroom, 1 bathroom home situated on a large corner lot offering added privacy, extra yard space, and excellent potential. Ideal for outdoor living, future expansion, or investment opportunities. Schedule your showing today!

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

1/10
Llano Elementary SchoolGrades PK-K0.3 mi
7/10
Lovington High SchoolGrades 10-120.5 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Metal,Pitched
  • Construction materials: Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Walk-In Closet(s)
  • Window features: Drapes
  • Flooring: Tile

Heating

  • Heating features: Electric,Natural Gas

Interior Area

  • Total structure area: 520
  • Total interior livable area: 520 sqft

Property

Details

  • Parcel number: 4000201320001

Features

  • Levels: One
  • Stories: 1
  • Fencing: Chain Link,Fenced

Lot

  • Lot size: 148.10 sqft

Parking

  • Parking features: No Garage

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

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

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

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 $707$8,484
Home Insurance *$163$1,956
Property Taxes $60$720
Electricity $148$1,780
Total$1,078$12,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,960/yr
40% on housing$32,340/yr
45% on housing$28,746/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

$269This listing

vs Other Active Listings

Avg $/sqft

ZIP 88260$115
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)

Price History

DateEventPrice
2026-05-12Price change$140,000
2026-04-14Price change$150,000
2026-03-10Price change$155,000
2026-02-01Listed for sale$160,000

For Sale by Agent

AgentCharilyn Discua
BrokerageRivas Real Estate Team Co.

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