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206 W Adams Ave, Gallup, NM, 87301

3beds
2baths
1,014sqft
$119,500
$118price/sqft
$853/moest. monthly cost
$34,120/yrincome needed

About This Home

Perfect as a starter home or an investment property, this three bedroom two bathroom house sits on a remarkably large lot. With a little bit of TLC, this property can be transformed into a cozy and comfortable place you can call Home! The layout of the house is very convenient and efficient: from the Front entrance, you come into the Living Room that opens up to a spacious eat-in Kitchen. The laundry appliances are conveniently located in the hallway closet, next to one of the two bathrooms. The second bathroom is in the primary bedroom. Outside, there is a nice storage shed and some beautiful mature trees. The oversized lot will provide plenty of space for anything you desire to do outdoors - you can put a play set for the kids, a gazebo and/or a deck or a patio, plant a garden, have a detached garage built, and landscape your back yard and front yard any way you would like! Call your realtor today to see this property with Great Potential!

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

7/10
4/10
3/10
Miyamura High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1975

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Free-Standing Range,Refrigerator,Washer

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Window features: Drapes
  • Flooring: Carpet,Vinyl

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,014
  • Total interior livable area: 1,014 sqft

Property

Details

  • Parcel number: 2106088130429

Features

  • Levels: One
  • Stories: 1
  • Fencing: Chain Link,Fenced

Lot

  • Lot size: 8,001 sqft
  • Features: Irregular Lot,Sidewalk

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

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters in McKinley 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 $604$7,248
Home Insurance *$67$804
Property Taxes $34$408
Electricity $148$1,780
Total$853$10,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$29,245/yr
40% on housing$25,590/yr
45% on housing$22,746/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: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 12.1%
12.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 87301$120
McKinley County$119

vs Homes Sold Last Month

Median $/sqft

ZIP 87301$133
McKinley County$141

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)

No zestimate history available

Price History

DateEventPrice
2025-10-31Price change$119,500
2025-06-27Price change$139,000
2025-05-15Price change$148,000
2025-03-06Listed for sale$158,000

For Sale by Agent

AgentOlga Starr
BrokerageRe/Max Combined Investments

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