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Pending
  • Price cut: $2K (3/24)
    $38,000

    708 S 1st St, Raton, NM 87740

    1beds
    717sqft
    : Get pre-qualified
    Single Family Residence
    Built in 1920
    3,497 Square Feet Lot
    $-- Zestimate®
    $53/sqft
    $-- HOA

    What's special

    Investor special with strong upside potential! This 1-bedroom, 1-bath handyman property is the perfect opportunity for investors or savvy buyers looking to add value. With some TLC and vision, this home could be transformed into a charming short-term rental, Airbnb, or long-term income-producing property. Located within walking distance to downtown Raton, the property offers excellent rental appeal with close proximity to the train station, coffee shops, dining, and local amenities. The prime location enhances both short-term and long-term rental demand. Whether you’re looking for your next renovation project or an affordable entry into the investment market, this property presents a solid opportunity to build equity and maximize returns.
    131 days
    |
    520
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Wendy Mileta 575-707-1662,

    Realty One Of New Mexico - Raton 575-707-1662

    Source: New Mexico MLS,MLS#: 20260366MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Natural Gas, Space Heater
      Features
      • Flooring: Carpet, Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 717
      • Total interior livable area: 717 sqft

      Property

      Parking
      • Parking features: No Garage
      Lot
      • Size: 3,497 Square Feet
      • Features: Irregular Lot
      Details
      • Parcel number: 1135185266377

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame
      • Roof: Pitched
      Condition
      • New construction: No
      • Year built: 1920

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Raton

      Financial & listing details

      • Price per square foot: $53/sqft
      • Tax assessed value: $31,685
      • Annual tax amount: $289
      • Date on market: 1/20/2026
      Wendy Mileta

      (575) 707-1662

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $908/mo

        Price history

        DateEventPrice
        5/22/2026Pending sale$38,000$53/sqft
        Source: New Mexico MLS #20260366 Report a problem
        3/24/2026Price change$38,000-5%$53/sqft
        Source: New Mexico MLS #20260366 Report a problem
        1/20/2026Listed for sale$40,000+111.6%$56/sqft
        Source: New Mexico MLS #20260366 Report a problem
        11/14/2019Sold--
        Source: New Mexico MLS #20195198 Report a problem
        10/21/2019Listed for sale$18,900$26/sqft
        Source: REALTY ONE of SANTA FE #20195198 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$289 +1.3%$10,562 +3%
        2024$286 +24.4%$10,255 +3%
        2023$229 +3.4%$9,956 +3%
        2022$222 +0.3%$9,666
        2021$221 -4.7%$9,666
        2020$232 +166%$9,666
        2019$87 -63%$9,666 -12.5%
        2018$236 +32.5%$11,049
        2017$178 $11,049 +0.4%
        2015-- $11,010
        2013-- $11,010

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          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.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 87740

          Getting around

          54 / 100
          Somewhat Walkable
          42 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating