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224 Margarets Ln, Bernalillo, NM, 87004

2beds
3baths
1,590sqft
$250,000
$157price/sqft
$1,669/moest. monthly cost
$66,760/yrincome needed

About This Home

Discover unparalleled comfort and stylish living at 224 Margarets Lane, Bernalillo, NM. This beautifully maintained home boasts stunning flooring that flows seamlessly throughout the entire interior, creating a warm and inviting atmosphere. The kitchen is equipped with modern stainless steel appliances, perfect for preparing meals with ease and adding a sleek, contemporary touch to the space. Convenience is key with covered parking, providing protection for your vehicles from the elements year-round.Step outside to a spacious yard, ideal for a variety of outdoor activities such as gardening, entertaining guests, or simply relaxing in a peaceful setting.

Getting Around

41
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

3/10
7/10
Spartan Learning AcademyGrades 7-81.2 mi
4/10
Bernalillo High SchoolGrades 9-121.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1982

Materials

  • Roof: Pitched,Shingle
  • Construction materials: Frame,Stucco

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Free-Standing Gas Range,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1

Features

  • Ceiling Fan(s),Main Level Primary
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Carpet Free,Vinyl

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Evaporative Cooling

Interior Area

  • Total structure area: 1,590
  • Total interior livable area: 1,590 sqft

Kitchen

  • Level: Main
  • Area: 195

Living Room

  • Level: Main
  • Area: 330

Primary Bedroom

  • Level: Main
  • Area: 195

Property

Details

  • Parcel number: 1020072034206
  • Zoning description: R-1

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio

Lot

  • Lot size: 6,534 sqft

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

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Earthquake
Hail
Heat Wave
Winter Weather

FEMA Declared Disasters in Sandoval 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 $1,264$15,168
Home Insurance *$120$1,440
Property Taxes $137$1,644
Electricity $148$1,780
Total$1,669$20,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,222/yr
40% on housing$50,070/yr
45% on housing$44,506/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$157This listing

vs Other Active Listings

Avg $/sqft

ZIP 87004$210
Sandoval County$216

vs Homes Sold Last Month

Median $/sqft

ZIP 87004
Sandoval County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Listed for sale$250,000
2023-01-18Sold--
2022-01-05Sold--

For Sale by Agent

AgentValerie Almanzar
BrokerageKeller Williams Realty

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