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340 Enchanted Forest Loop, Alto, NM, 88312

2beds
2baths
1,144sqft
$280,000
$245price/sqft
$2,060/moest. monthly cost
$82,400/yrincome needed

About This Home

Great cabin style 2 bedroom/2 bath (possible 3rd small bedroom or office) home in Alto. All 1 level with cozy fireplace separating the living area and kitchen. Large front deck, close to half acre lot with a single carport and 10x12 attached storage. HVAC- new in 2024, Refrigerator, dishwasher, washer/dryer, gas stove, gutters, and water heater- all new in 2025! Community water with friendly base cost, come check it out today! Carpet will need replaced so come with your flooring ideas and make this your home!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
Capitan Elementary SchoolGrades PK-59.4 mi
5/10
Capitan Middle SchoolGrades 6-89.4 mi
9/10
Capitan High SchoolGrades 9-129.4 mi

Construction

Condition

  • Property condition: Fixer,See Remarks
  • Year built: 1977

Materials

  • Roof: Composition,Pitched
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin,Mountain
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Gas Range,Gas Water Heater,Microwave,Refrigerator,Washer
  • Laundry features: Washer Hookup,Electric Dryer Hookup

Bedrooms & Bathrooms

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

Features

  • Main Level Primary,Utility Room
  • Flooring: Carpet,See Remarks,Wood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s),Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,144 sqft

Property

Details

  • Parcel number: 4072058233208000000
  • Zoning: R1
  • Other equipment: None
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Front Porch
  • Fencing: None
  • Has view: Yes
  • View description: Mountain(s),Valley,Trees/Woods

Lot

  • Lot size: 0.49 Acres
  • Features: Sloped Up

Parking

  • Total spaces: 1
  • Parking features: Carport,Gravel,On Site,See Remarks
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

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

  • Wildfire
    WildfireVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Wildfire
Lightning
Winter Weather
Inland Flooding

FEMA Declared Disasters in Lincoln 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 $1,415$16,980
Home Insurance *$98$1,176
Property Taxes $399$4,788
Electricity $148$1,780
Total$2,060$24,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,628/yr
40% on housing$61,800/yr
45% on housing$54,933/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: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$245This listing

vs Other Active Listings

Avg $/sqft

ZIP 88312$260
Lincoln County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 88312$282
Lincoln County$275

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
2026-02-28Price change$280,000
2026-01-29Listed for sale$287,000

For Sale by Agent

AgentRusty & Kelli Shelton
BrokerageSouthern New Mexico Realty

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