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423 N Prescott St, Santa Clara, NM, 88026

1beds
--baths
600sqft
$75,000
$125price/sqft
$605/moest. monthly cost
$24,200/yrincome needed

About This Home

Investor Opportunity – Over Half an Acre on Six Lots in Santa Clara! Bring your vision to this unique property offering more than one-half acre comprised of six lots in the heart of Santa Clara. The property includes three homes that are currently boarded and in need of substantial renovation or redevelopment. With ample space and multiple lots, this property presents a variety of possibilities for an investor, builder, or buyer looking for a restoration project. Whether you choose to renovate the existing structures (subject to inspections and local regulations) or explore redevelopment opportunities, this is a rare chance to own a sizeable parcel in a desirable location. The property is being sold as-is. Buyers are encouraged to verify zoning, permitted uses, utility availability, and the condition of all improvements. Don't miss this opportunity to unlock the potential of this large Santa Clara property!

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

8/10
Central Elementary SchoolGrades PK-50.2 mi
4/10
Snell Middle SchoolGrades 6-82.1 mi
5/10
Cobre High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Other
  • Construction materials: Frame,Wood Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 600
  • Total interior livable area: 600 sqft

Property

Details

  • Parcel number: R072208
  • Zoning description: Other - out of area
  • Special condition: None

Features

  • Fencing: Chain Link,Partial
  • Living area range: 1000 or Less

Lot

  • Lot size: 0.51 Acres

Parking

  • Parking features: No Garage

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 FloodingVery High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Heat Wave

FEMA Declared Disasters in Grant 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 $379$4,548
Home Insurance *$55$660
Property Taxes $23$276
Electricity $148$1,780
Total$605$7,260
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$20,742/yr
40% on housing$18,150/yr
45% on housing$16,133/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: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 88026$28
Grant County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 88026$118
Grant County$198

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
2026-07-25Listed for sale$75,000

For Sale by Agent

AgentCarol Thompson
BrokerageAxen Realty, LLC

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