1502 Knudsen Ave, Farmington, NM, 87401
About This Home
Seller offering a $10,000 credit toward rate buy-down points, providing an exceptional opportunity to reduce your monthly payment and enhance long-term affordability. Step into timeless charm with this nostalgic 5-bedroom, 3-bath home ideally located in the heart of Farmington. Centrally positioned on a generous lot, this property offers rare alley access, abundant storage options, new roof and a large, fully fenced backyard--perfect for entertaining, hobbies, or future expansion. Enjoy the unbeatable convenience of a truly walkable lifestyle with a local coffee shop, doctor's offices, gym, baseball parks, schools, and a neighborhood sandwich shop all just steps away. Whether you're looking for space to grow, a prime in-town location, or a property with long-term potential, this home delivers comfort, character, and opportunity in one exceptional package.
Getting Around
Somewhat Walkable
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1976
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Microwave,Range Hood,Free-Standing Range
- Laundry features: Mud Room
Bedroom2
- Level: Upper
- Area: 140.4
- Dimensions: 13 x 10.8
Bedroom3
- Level: Upper
- Area: 151.19
- Dimensions: 12 x 12.6
Bedroom4
- Level: Lower
- Area: 122.1
- Dimensions: 11.1 x 11
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Level: Upper
- Area: 143.91
- Dimensions: 11.7 x 12.3
Family Room
- Level: Lower
- Area: 389.55
- Dimensions: 26.5 x 14.7
Features
- Fireplace features: Gas Log,Living Room
- Fireplace: Yes
Heating
- Heating features: Natural Gas
Interior Area
- Total structure area: 2,946
- Total interior livable area: 2,946 sqft
Kitchen
- Level: Upper
- Area: 201.84
- Dimensions: 17.39 x 11.6
Living Room
- Level: Upper
- Area: 345
- Dimensions: 23 x 15
Master Bedroom
- Level: Upper
- Area: 222.43
- Dimensions: 13 x 17.11
Other
- Level: Lower
- Area: 99
- Dimensions: 9 x 11
Other
- Level: Lower
- Area: 163.52
- Dimensions: 14.6 x 11.2
Other
- Level: Lower
- Area: 31.32
- Dimensions: 5.8 x 5.4
Other
- Level: Lower
- Area: 135.29
- Dimensions: 16.3 x 8.3
Property
Details
- Parcel number: 2075172107408
- Zoning description: Residential
Features
- Levels: Multi/Split
- Patio & porch: Porch,Patio,Covered
- Fencing: Back
Lot
- Lot size: 9,583 sqft
- Features: Sprinklers In Front,Sprinklers In Rear
Parking
- Parking features: RV Access/Parking
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
- Winter Weather
- Cold Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in San Juan 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 | $2,401 | $28,812 |
| Home Insurance * | $204 | $2,448 |
| Property Taxes | $940 | $11,280 |
| Electricity | $209 | $2,513 |
| Total | $3,754 | $45,048 |
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 |
|---|---|---|
| 2026-04-30 | Price change | $499,000 |
| 2026-01-30 | Listed for sale | $499,900 |
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