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5784 Chance Ln, Farmington, NM, 87402

3beds
2baths
1,162sqft
$339,000
$292price/sqft
$2,152/moest. monthly cost
$86,080/yrincome needed

About This Home

Enjoy the benefits of brand-new construction in this beautifully appointed townhome featuring 3 bedrooms, 2 bathrooms, and 1,162 square feet of thoughtfully planned living space. This home offers a blend of style, comfort, and low-maintenance living in a convenient location near shopping, dining, and major commuter routes. The open-concept design creates an inviting atmosphere with 9-foot ceilings, and recessed lighting. Luxury vinyl plank flooring extends through the main living areas, while plush carpeting adds warmth and comfort to the bedrooms. At the center of the home, the kitchen showcases Corian countertops, a large island, stainless steel appliances, soft-close cabinetry, and a decorative tile backsplash--perfect for everyday living and entertaining alike. The spacious primary suite features a walk-in closet and a private bath complete with Corian shower surrounds and attractive vanity finishes. Additional amenities include ceiling fans throughout, refrigerated central air, a tankless water heater, electric garage door openers, and oversized 8-foot doors that enhance the home's modern appeal. Outdoor spaces are designed with convenience in mind, offering a private vinyl-fenced backyard and a xeriscaped front yard for easy upkeep. The oversized two-car garage provides ample space for vehicles, storage, or recreational equipment. Built with quality craftsmanship, this townhome includes ground-level entry access, sound- and fire-resistant common walls, and integrated exterior electrical panels. Combining contemporary finishes with practical features, this exceptional home delivers the comfort and peace of mind that come with new construction.

Getting Around

10
WalkingCar-Dependent
12
TransitMinimal Transit
36
BikeSomewhat Bikeable

Schools

9/10
5/10
Heights Middle SchoolGrades 6-82.7 mi
7/10
Piedra Vista High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 2026

Materials

  • Construction materials: Stone

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Disposal,Vented Exhaust Fan,Microwave,Free-Standing Range,Tankless Water Heater

Bedroom2

  • Area: 110
  • Dimensions: 10 x 11

Bedroom3

  • Area: 120
  • Dimensions: 12 x 10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Kitchen Island

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 1,162
  • Total interior livable area: 1,162 sqft

Kitchen

  • Area: 120.8
  • Dimensions: 15.1 x 8

Living Room

  • Area: 288
  • Dimensions: 16 x 18

Master Bedroom

  • Area: 156
  • Dimensions: 13 x 12

Other

  • Area: 12
  • Dimensions: 3 x 4

Property

Accessibility

  • Accessibility features: No Steps/No Stairs

Details

  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Fencing: Back,Vinyl

Lot

  • Lot size: 3,049 sqft

Parking

  • Parking features: Garage - Attached

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
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters in San Juan 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 $1,714$20,568
Home Insurance *$144$1,728
Property Taxes $146$1,752
Electricity $148$1,780
Total$2,152$25,824
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,782/yr
40% on housing$64,560/yr
45% on housing$57,386/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: 7.0%
7.0%
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

$292This listing

vs Other Active Listings

Avg $/sqft

ZIP 87402$167
San Juan County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 87402$170
San Juan County$178

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
2026-06-17Listed for sale$339,000

For Sale by Agent

AgentSam R Todd
BrokerageRE/MAX of Farmington

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