7 Charles Way, Edgewood, NM, 87015
About This Home
[[offering 5k seller credit]] Discover your private retreat on over 3 serene acres. Built in 2023, this modern 4-bedroom, 2-bath home offers the perfect blend of comfort and privacy. Features include refrigerated air for warm days, a cozy wood-burning stove for winter nights, and no carpet--only wood-look laminate flooring throughout. The split floor plan provides privacy with the primary suite separated from the secondary bedrooms. An open-concept layout seamlessly connects the living, dining, and kitchen areas, ideal for entertaining. Enjoy breathtaking views, expansive outdoor space, and the convenience of a private well. Move-in ready and qualifies for a USDA loan with 0% down.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Property condition: Resale
- Year built: 2023
Materials
- Roof: Metal
- Construction materials: Frame
Other
- Builder name: Owner
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Free-Standing Gas Range,Refrigerator
- Laundry features: Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Features
- Ceiling Fan(s),Dual Sinks,Family/Dining Room,Kitchen Island,Living/Dining Room,Main Level Primary,Pantry,Shower Only,Separate Shower
- Window features: Double Pane Windows,Insulated Windows
- Flooring: Laminate
- Number of fireplaces: 1
- Fireplace features: Wood Burning Stove
- Fireplace: Yes
Heating & Cooling
- Heating features: Propane
- Cooling features: Refrigerated
Interior Area
- Total structure area: 1,816
- Total interior livable area: 1,816 sqft
Kitchen
- Level: Main
- Area: 201.9
Living Room
- Level: Main
- Area: 251.81
Primary Bedroom
- Level: Main
- Area: 197.12
Property
Details
- Parcel number: R028672
- Zoning description: A-1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio
- Exterior features: Propane Tank - Leased
Lot
- Lot size: 3.57 Acres
Parking
- Total spaces: 2
- Parking features: Attached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Hail
- Inland Flooding
- Lightning
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Torrance County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,149 | $25,788 |
| Home Insurance * | $148 | $1,776 |
| Property Taxes | $877 | $10,524 |
| Electricity | $148 | $1,780 |
| Total | $3,322 | $39,864 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $425,000 |
| 2026-05-23 | Price change | $435,000 |
| 2026-04-01 | Price change | $445,000 |
| 2026-02-16 | Price change | $465,000 |
| 2026-02-04 | Price change | $480,000 |
| 2026-01-24 | Listed for sale | $490,000 |
| 2025-04-17 | Listing removed | $430,000 |
| 2025-03-07 | Price change | $430,000 |
| 2025-02-28 | Price change | $460,000 |
| 2025-01-08 | Listed for sale | $470,000 |
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