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237 Vermejo St, Raton, NM, 87740

2beds
1baths
706sqft
$32,000
$45price/sqft
$336/moest. monthly cost
$13,440/yrincome needed

About This Home

Attention investors, flippers, and savvy homebuyers! This 2-bedroom, 1-bath home is full of potential and ready for your vision. this property offers a good structure and a great layout—just waiting for the right buyer to bring it back to life. Whether you're looking for your next renovation project or a starter home you can make your own, this is the opportunity you've been waiting for. Priced to sell and being sold as-is, this is your chance to build equity from the ground up.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

3/10
7/10
Raton High SchoolGrades 7-121.6 mi
6/10
Raton Middle SchoolGrades 3-60.7 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Shingle
  • Construction materials: Metal Siding,Wood Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood,Wood

Interior Area

  • Total structure area: 706
  • Total interior livable area: 706 sqft

Property

Details

  • Parcel number: 1135186429222

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 3,750 sqft
  • Features: Irregular Lot

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
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Wildfire
    WildfireRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Inland Flooding
Wildfire
Cold Wave
Hail
Strong Wind

FEMA Declared Disasters in Colfax 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 $161$1,932
Home Insurance *$14$168
Property Taxes $13$156
Electricity $148$1,780
Total$336$4,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$11,520/yr
40% on housing$10,080/yr
45% on housing$8,960/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: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -9.3%
-9.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$45This listing

vs Other Active Listings

Avg $/sqft

ZIP 87740$112
Colfax County$295

vs Homes Sold Last Month

Median $/sqft

ZIP 87740
Colfax County$177

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

DateEventPrice
2026-03-24Price change$32,000
2025-12-31Price change$34,000
2025-09-26Listed for sale$37,000

For Sale by Agent

AgentWendy Mileta
BrokerageRealty One Of New Mexico - Raton

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