$195,000
$40K PRICE DROP

120 Lower Terrace Dr Unit 15 Ruidoso, NM 88345

Estimated payment $1,258/month

Total Views 9,967
2 Beds
2 Baths
1,080 Sq Ft
$181 Price per Sq Ft

Highlights

  • Golf Course View
  • Deck
  • Covered Patio or Porch
  • Open Floorplan
  • Contemporary Architecture
  • Eat-In Kitchen

About This Home

Very well kept upper level condo on Cree Meadows Golf Course. This condo is 2 bedroom 2 bath with new showers in both bathrooms. The fireplace in the living room is woodburning but currently has electric fireplace insert. The living area and the kitchen are open concept with a large eating bar and eat-in kitchen and pantry. The primary bedroom is of good size and has double closets. Newer stackable washer and dryer included. This unit is all electric and has new central heat and A/C. Floors are carpet and vinyl. HOA quarterly dues are $700 which includes exterior maintenance, landscaping, water, sewer, trash and snow removal. There is a one-time transfer fee of $1000 + grt. New flooring & paint. Also new LG stainless appliance package. Abundance of wildlife always in the area.

Listing Agent

Keli Cox

Zia Real Estate License #18750 Listed on: 01/15/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,355

Year Built

  • Built in 1979

Home Design

  • Contemporary Architecture
  • Mountain Architecture
  • Frame Construction
  • Pitched Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Golf Course Views
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • No Garage
  • On-Site Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Cleared Lot
  • Property is near a golf course

Community Details

  • Fairway Meadows Cond Subdivision
  • Fire and Smoke Detector

Listing and Financial Details

  • Assessor Parcel Number 4071064498485

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,355

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Directions: From Mechem turn at Lowe's/Western Auto on to Terrace Dr. Take Lower Terrace. Condos on your right. This unit is upstairs.
  • Unit Levels: One
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1979
  • ResoLaundryFeatures: Washer Hookup, Electric Dryer Hookup
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Asphalt, Paved
  • Co List Office Phone: 575-258-8656
  • MLS Status: Active
  • Subdivision Name: Fairway Meadows Cond
  • Architectural Style: Contemporary, Mountain
  • ResoBuildingAreaSource: Appraiser
  • Levels:One: Yes
  • Water Source:Public: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Cooling:Central Air: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Roof:Metal3: Yes
  • Utilities:Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • View:Golf Course2: Yes
  • Flooring:Carpet: Yes
  • Fireplace Insert: Yes
  • Security Features:Smoke Detector(s): Yes
  • Style:Contemporary2: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer, Washer/Dryer Stacked
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry
  • Other Equipment: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:Electric Dryer Hookup: Yes
  • Interior Features:Washer Hookup: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Fireplace:Wood Burning: Yes
  • Interior Features:Pantry: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Breakfast Bar: Yes
  • Appliances:WasherDryer Stacked: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Level, Near Golf Course
  • Other Structures: None
  • Patio And Porch Features: Covered, Deck
  • Property Condition: See Remarks
  • Roof: Metal, Pitched
  • View: Golf Course
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Deck: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Level: Yes
  • Lot Features:Near Golf Course: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, On Site

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric, Fireplace(s), Other
  • Security: Smoke Detector(s)
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes
  • Heating:Electric: Yes

Lot Info

  • Zoning: R3
  • Lot Dimensions: -

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2355.0
  • Tax Block: -
  • Tax Lot: -
  • Tax Map Number: 4071064498485
  • Tax Tract: -

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,171 $40,103 $742 $39,361
2024 $1,171 $38,935 $720 $38,215
2023 $1,171 $37,801 $699 $37,102
2022 $1,143 $37,801 $699 $37,102
2021 $1,137 $37,797 $699 $37,098
2020 $776 $25,570 $699 $24,871
2019 $726 $25,068 $685 $24,383
2018 $701 $24,338 $665 $23,673
2015 $656 $22,943 $627 $22,316
2014 $637 $22,275 $609 $21,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $195,000 -4.9% $181 / Sq Ft
06/17/2025 06/17/25 Price Changed $205,000 -3.3% $190 / Sq Ft
05/13/2025 05/13/25 Price Changed $212,000 -3.2% $196 / Sq Ft
04/28/2025 04/28/25 Price Changed $219,000 -1.8% $203 / Sq Ft
02/19/2025 02/19/25 Price Changed $223,000 -2.6% $206 / Sq Ft
01/15/2025 01/15/25 For Sale $229,000 0.0% $212 / Sq Ft
12/26/2024 12/26/24 Pending -- -- --
12/07/2024 12/07/24 Price Changed $229,000 -2.6% $212 / Sq Ft
11/26/2024 11/26/24 For Sale $235,000 +104.3% $218 / Sq Ft
10/05/2020 10/05/20 Sold -- -- --
09/21/2020 09/21/20 Pending -- -- --
11/08/2019 11/08/19 For Sale $115,000 -- $106 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $73,600 New Conventional
Closed $0 Undefined Multiple Amounts
Source: Public Records

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Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 131841

APN: 4071064498485CM0002

New Mexico Lincoln County Ruidoso 88345

120 Lower Terrace Dr Unit 15, Ruidoso, NM

This home is located at 120 Lower Terrace Dr Unit 15, Ruidoso, NM 88345 and is currently priced at $195,000, approximately $180 per square foot. This property was built in 1979. 120 Lower Terrace Dr Unit 15 is a home located in Lincoln County with nearby schools including Sierra Vista Primary School, White Mountain Elementary School, and Ruidoso Middle School.

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Nearby Homes
Keli Cox
Listing Agent
Keli Cox
Section Image
Zia Real Estate
(575) 500-5545