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98 Mustang Rd, Edgewood, NM, 87015

4beds
2baths
1,680sqft
$319,900
$190price/sqft
$1,995/moest. monthly cost
$79,800/yrincome needed

About This Home

The one you've been looking for! This beautifully updated 4-bedroom, 2-bath home sits on a fully fenced and gated 1-acre lot shaded by mature trees, offering the perfect balance of privacy, comfort, and convenience. The renovated kitchen features granite countertops, stainless steel appliances, and opens to the spacious living area, where a cozy fireplace and large sliding doors create an inviting space for everyday living and entertaining. Abundant windows and skylights fill the home with natural light, while refrigerated air keeps you comfortable year-round. The private primary suite is thoughtfully separated from the additional bedrooms and includes a full en-suite bath and two walk-in closets. Energy-saving solar panels help keep electric costs remarkably low. Ideally located just minutes from shopping, schools, and freeway access, you'll enjoy a quick commute to Albuquerque while coming home to the space and tranquility of country living. Schedule your private showing today!

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

5/10
7/10
Edgewood Middle SchoolGrades 6-81.5 mi
5/10
Moriarty High SchoolGrades 9-1211.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1994

Materials

  • Foundation: Permanent
  • Roof: Shingle
  • Construction materials: Modular/Prefab

Other

  • Builder model: Palm Harbor
  • Builder name: Palm Harbor

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home,Single Family Residence

Interior

Appliances

  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Main Level Primary
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Laminate,Tile
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 1,680
  • Total interior livable area: 1,680 sqft

Kitchen

  • Level: Main
  • Area: 108

Living Room

  • Level: Main
  • Area: 300

Primary Bedroom

  • Level: Main
  • Area: 178.16

Property

Details

  • Parcel number: 099310869
  • Zoning description: A-2

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Open,Patio
  • Exterior features: Skirting

Lot

  • Lot size: 1 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather

FEMA Declared Disasters in Santa Fe 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 $1,617$19,404
Home Insurance *$111$1,332
Property Taxes $119$1,428
Electricity $148$1,780
Total$1,995$23,940
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$68,400/yr
40% on housing$59,850/yr
45% on housing$53,200/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: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$190This listing

vs Other Active Listings

Avg $/sqft

ZIP 87015$176
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87015$236
Santa Fe County$337

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
2026-08-02Listed for sale$319,900
2023-08-31Sold--
2023-07-16Pending sale$289,000
2023-07-12Listed for sale$289,000

For Sale by Agent

AgentDanielle S Erhard
BrokerageERA Summit

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