V
Seller's Agent in 2025
Vincent Bufanio
BHGRE Steinborn & Associates
(610) 392-3112
3 Total Sales
Last list price
1855 Payne St Las Cruces, NM 88001
4
Beds
2
Baths
1,863
Sq Ft
8,261
Sq Ft Lot
Highlights
- Ranch Style House
- Brick Veneer
- Wood Fence
- No HOA
- Laundry Room
About This Home
As of August 2025Turnkey Income Property with Value-Add Potential - 1855 Payne St | Las Cruces, NMLocated in the desirable University Hills neighborhood, just minutes from NMSU, shopping centers, schools, and hospitals, this well-maintained duplex offers a turnkey investment with strong current cash flow and room for upside. Each of the two units features 2 bedrooms and 1 full bathroom, with nearly identical layouts that provide both function and style for the occupants.The property is currently fully rented, bringing in $1,650 per month in rental income, with occupants paying all utilities separately. Each unit is individually metered and features its own driveway with street access, offering convenience. Inside, you'll find tile flooring throughout every room, granite kitchen countertops, wooden cabinetry, and a stone & tile backsplash in the bathroom that wraps into the tub/shower surround.Each unit includes its own laundry/utility room, adding convenience for residents.
Last Agent to Sell the Property
BHGRE Steinborn & Associates License #REC20240881 Listed on: 07/31/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,254
Year Built
- Built in 1965
Lot Details
- 8,261 Sq Ft Lot
- Wood Fence
- Block Wall Fence
- Chain Link Fence
Home Design
- 1,863 Sq Ft Home
- Ranch Style House
- Gable Roof Shape
- Brick Veneer
- Pitched Roof
- Shingle Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Additional Features
- Laundry Room
- Gas Available
Community Details
- No Home Owners Association
- College Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 4-009-136-219-197
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2025
Closed on
Aug 28, 2025
Sold by
Payne Legacy Llc
Bought by
Skipper Anita and Skipper Deon
Seller's Agent
Vincent Bufanio
BHGRE Steinborn & Associates
Buyer's Agent
Aisha Stewart
EXIT Realty Horizons
List Price
$249,000
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Outstanding Balance
$183,750
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$33,250
Purchase Details
Closed on
Mar 8, 2011
Sold by
Massey Kathleen Lavon and Massey Richard G
Bought by
Payne Legacy Llc
Purchase Details
Closed on
Jun 8, 2001
Sold by
Horton Essie L
Bought by
Horton Essie L and Massey Kathleen Lavon
Purchase Details
Closed on
May 28, 1998
Sold by
First Free Methodist Church Of Denver
Bought by
Horton Ivan L and Horton Essie L
Purchase Details
Closed on
May 7, 1998
Sold by
Barnhorst Charlene P
Bought by
First Free Methodist Church Of Denver
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | True Title | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $183,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | -- | -- | -- |
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 08/02/2025 08/02/25 | Price Changed | $249,500 | +0.2% | $134 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $249,000 | -- | $134 / Sq Ft |
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,254 | $41,172 | $8,333 | $32,839 |
| 2023 | $1,236 | $39,973 | $8,333 | $31,640 |
| 2022 | $1,254 | $39,973 | $8,333 | $31,640 |
| 2021 | $1,249 | $39,973 | $8,333 | $31,640 |
| 2020 | $1,256 | $39,973 | $8,333 | $31,640 |
| 2019 | $1,259 | $39,957 | $8,333 | $31,624 |
| 2018 | $1,215 | $38,794 | $8,299 | $30,495 |
| 2017 | $1,083 | $37,663 | $8,265 | $29,398 |
| 2016 | $1,065 | $36,566 | $8,233 | $28,333 |
| 2015 | $535 | $109,621 | $24,665 | $84,956 |
| 2014 | $527 | $108,000 | $24,300 | $83,700 |
Source: Public Records
Agents Affiliated with this Home
-
Vincent Bufanio
-
Aisha Stewart
A
Buyer's Agent in 2025
Aisha Stewart
EXIT Realty Horizons
(575) 904-0119
24 Total Sales
Map
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)
MLS Number: 2502353
APN: 02-15199
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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