For sale

$520,000

138 Valley Of The Pines Rd, Red River, NM 87558

4beds

2,100sqft

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Single Family Residence

Built in ----

0.5 Acres Lot

$501,100 Zestimate^®

$248/sqft

$-- HOA

What's special

Four-bedroom two-bath homeTwo-car garageDedicated utility roomFenced backyardOpen floor plan

VIDEO TOUR AVAILABLE - SEARCH YOUTUBE FOR - "138 VALLEY OF THE PINES - RED RIVER NM" . . . Four-bedroom, two-bath home at 138 Valley Of The Pines Rd in the Upper Red River Valley, roughly five miles south of downtown Red River Located in the Upper Valley Sits close to the paved road with easy year-round access Fenced backyard with wide-open mountain views in every direction Bobcat Creek creek runs through the property Open floor plan that stays warm and easy to live in, with room for family and guests Two-car garage and dedicated utility room for simple day-to-day management Vacation-rental potential, Red River draws visitors every season, keeping short-term demand steady

1 day

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Features

Has fireplace: Yes
Fireplace features: Family Room

Interior area

Total structure area: 2,100
Total interior livable area: 2,100 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Garage
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Waterfront features: Seasonal, Stream

Lot

Size: 0.5 Acres
Topography: CanyonValley

Details

Parcel number: 28251
Zoning description: Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame

Utilities & green energy

Water: Well
Utilities for property: Electricity Connected, Propane

Community & HOA

Community

Membership fee: $0 annually
Subdivision: Monte Vista 4

Location

Region: Red River

Financial & listing details

Price per square foot: $248/sqft
Tax assessed value: $229,293
Annual tax amount: $1,113
Date on market: 7/2/2026
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes

Estimated market value

$501,100

$476,000 - $526,000

$2,859/mo

Price history

Date	Event	Price
7/2/2026	Listed for sale	$520,000-10%$248/sqft
Source: Enchanted Circle #115309 Report a problem
11/1/2025	Listing removed	$578,000$275/sqft
Source: Enchanted Circle #113152 Report a problem
7/10/2025	Price change	$578,000-7.5%$275/sqft
Source: Enchanted Circle #113152 Report a problem
4/21/2025	Listed for sale	$625,000$298/sqft
Source: Enchanted Circle #113152 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,113 -6.5%	$76,431
2023	$1,190 +2.9%	$76,431 +3%
2022	$1,156 +10.3%	$74,205
2021	$1,048 +15.9%	$74,205 +3%
2020	$905 -16.5%	$72,044
2018	$1,084	$72,044
2017	$1,084 -9.4%	$72,044
2016	$1,196	$72,044 +6.1%
2014	--	$67,909
2013	--	$67,909
2010	--	$67,909

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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