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202 Olive Branch Trl, Santa Teresa, NM, 88008

5beds
4baths
3,400sqft
$505,950
$149price/sqft
$3,248/moest. monthly cost
$129,920/yrincome needed

About This Home

The Azalea. This 5-bedroom, 3.5-bathroom home plus game room and a 2-car garage will give you 3,400 sq ft of generous space to move about that provides you with that quaint, cozy atmosphere. You'll love the primary suite with plenty of closet space!!! This home offers top-notch lighting package, farm ranch apron sink, pot filler, granite counter-tops through-out, and spray-foam insulation, plus much more!!! This listing is subject to errors, omissions, and changes without notice. Info provided is deemed reliable but is not guaranteed and should be independently verified. MLS Elevations and photos are for marketing purposes and may not reflect colors or upgrades accurately. Please verify colors & upgrades at color selection.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

7/10
4/10
7/10
Santa Teresa High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 2026

Materials

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

Other

  • Builder name: Zia Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Electric Oven,Dishwasher,Gas Cooktop,Microwave,Range Hood,Refrigerator,Tankless Water Heater
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Kitchen Island
  • Window features: No Treatments
  • Flooring: Tile,Carpet

Heating & Cooling

  • Heating features: Central
  • Cooling features: Refrigerated,Ceiling Fan(s)

Interior Area

  • Total structure area: 3,400
  • Total interior livable area: 3,400 sqft

Property

Details

  • Parcel number: TBDRST00000000121
  • Zoning: R1
  • Special condition: None

Features

  • Exterior features: Walled Backyard

Lot

  • Lot size: 6,534 sqft
  • Features: Standard Lot

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
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Lightning
Heat Wave
Inland Flooding
Winter Weather
Cold Wave
Drought
Hail

FEMA Declared Disasters in Doña Ana 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 $2,558$30,696
Home Insurance *$180$2,160
Property Taxes $269$3,228
Electricity $241$2,900
Total$3,248$38,976
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$111,360/yr
40% on housing$97,440/yr
45% on housing$86,613/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: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$149This listing

vs Other Active Listings

Avg $/sqft

ZIP 88008$175
Doña Ana County$171

vs Homes Sold Last Month

Median $/sqft

ZIP 88008$187
Doña Ana County$182

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
2026-04-11Listed for sale$505,950

For Sale by Agent

AgentTarryn A Ortega
BrokerageHome Pros Real Estate Group

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