Last list price
2432 La Fonda Cir Las Cruces, NM 88001
1
Bed
1
Bath
3,848
Sq Ft
0.28
Acres
Highlights
- Evaporated cooling system
- Landscaped
- Forced Air Heating System
- Tile Flooring
About This Home
As of July 2025This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $687114 and with average rent of $751 include GRM of 9.53, Cap rate of 6.44%
Last Agent to Sell the Property
NM Apartment Advisors, Inc. License #13711 Listed on: 08/22/2024
Last Buyer's Agent
Nonmls Nonmls
Non Member of SWMLS
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,932
Year Built
- Built in 1984
Lot Details
- 0.28 Acre Lot
- Landscaped
- Additional Parcels
Parking
- 10 Parking Spaces
Home Design
- Frame Construction
Interior Spaces
- Property has 2 Levels
Flooring
- CRI Green Label Plus Certified Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- Evaporated cooling system
- Forced Air Heating System
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 0213999
Community Details
Overview
- 8 Units
- Desert Willow Estates Subdivision
Building Details
- Operating Expense $29,069
- Gross Income $73,314
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2024
Closed on
Jul 1, 2025
Sold by
Edge Capital Iv Llc
Bought by
Richmond Ave Partners Llc
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Nonmls Nonmls
Non Member of SWMLS
List Price
$737,414
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$475,000
Outstanding Balance
$474,600
Interest Rate
6.86%
Mortgage Type
Construction
Estimated Equity
$209,525
Purchase Details
Listed on
Jul 19, 2021
Closed on
Sep 13, 2021
Sold by
Shervanick Regina C
Bought by
Edge Capital Iv Llc
Seller's Agent
Norman Lane
Keller Williams Realty
Buyer's Agent
David Clarke
NM Apartment Advisors Inc.
List Price
$530,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,337
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 2003
Sold by
Segerstrom Charles J
Bought by
Shervanick Regina C
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
Interest Rate
6.1%
Mortgage Type
Commercial
Similar Home in Las Cruces, NM
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 | -- | None Listed On Document | |
| Warranty Deed | -- | Southwestern Abstract | |
| Warranty Deed | -- | Southwestern Abstract & Titl |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $475,000 | Construction | |
| Previous Owner | $571,337 | New Conventional | |
| Previous Owner | $183,750 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Sold | -- | -- | -- |
| 03/01/2025 03/01/25 | Pending | -- | -- | -- |
| 12/29/2024 12/29/24 | Price Changed | $687,414 | -6.8% | $179 / Sq Ft |
| 08/22/2024 08/22/24 | For Sale | $737,414 | +39.1% | $192 / Sq Ft |
| 12/24/2023 12/24/23 | Off Market | -- | -- | -- |
| 02/17/2022 02/17/22 | Off Market | -- | -- | -- |
| 09/14/2021 09/14/21 | Sold | -- | -- | -- |
| 07/26/2021 07/26/21 | Pending | -- | -- | -- |
| 07/19/2021 07/19/21 | For Sale | $530,000 | -- | $138 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque 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 | $2,975 | $97,658 | $8,333 | $89,325 |
| 2023 | $2,932 | $94,814 | $8,333 | $86,481 |
| 2022 | $2,887 | $92,052 | $8,333 | $83,719 |
| 2021 | $2,470 | $79,004 | $8,333 | $70,671 |
| 2020 | $2,482 | $79,004 | $8,333 | $70,671 |
| 2019 | $2,417 | $76,703 | $8,333 | $68,370 |
| 2018 | $2,402 | $76,703 | $8,333 | $68,370 |
| 2017 | $2,140 | $74,469 | $8,333 | $66,136 |
| 2016 | $2,106 | $72,300 | $10,267 | $62,033 |
| 2015 | $2,116 | $216,805 | $30,755 | $186,050 |
| 2014 | $2,084 | $213,600 | $30,300 | $183,300 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Todd Clarke
NM Apartment Advisors, Inc.
(505) 480-8885
225 Total Sales
-
K
Seller Co-Listing Agent in 2025
Kyle Deacon
Deacon Property Services
(505) 878-0100
171 Total Sales
-
N
Buyer's Agent in 2025
Nonmls Nonmls
Non Member of SWMLS
-
N
Seller's Agent in 2021
Norman Lane
Keller Williams Realty
-
S
Seller Co-Listing Agent in 2021
Steve Mims
BHGRE Steinborn & Associates
-
D
Buyer's Agent in 2021
David Clarke
NM Apartment Advisors Inc.
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1069161
APN: 02-13999
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