4 months on rocket

2432 La Fonda Cir, Las Cruces, NM, 88001

$687,414

Home List Price

$8,163*

Closing Credit

1 Bedroom
1 Bath
Multi

Location

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2432 La Fonda Cir, Las Cruces$687,414

Buyer Closing Credits

$8,163*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1984
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1069161
Lot Size0.28 Acres
StatusActive

About 2432 La Fonda Cir

This 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%

Property Details

Property Features

Property Information:

  • Year Built: 1984
  • Stories: 2

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From East Lohman and S. Trivitz south to East Idaho, west to La Fonda, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $687,414

Tax Information:

  • Annual Amount: $2,482
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Las Cruces, NM.

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Las Cruces, NM

City

Med. List Price

$540K

Med. Price/SqFt

$186

Avg. Days On Market

126

# of Sold Homes

3

2432 La Fonda Cir vs Las Cruces

136 DAYS ON ROCKET

+10 Days

$687,414

+$147.4K More

KEY TAKEAWAY

This property is $147.4K more than the Median List Price in Las Cruces, NM.

Based on homes listed in December 2024

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1069161

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,482$79,004
2019$2,401$76,703
2018$2,140$76,703
2017$2,140$74,469

History based on county public records data.

Payment Calculator

$3,498

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,127

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-574952
4
/10

  • Conlee Elementary School

  • 1701 Boston Dr

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-574953
6
/10

  • Hillrise Elementary School

  • 1400 Curnutt St

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-574954
4
/10

  • University Hills Elementary School

  • 2005 S Locust St

  • 0.87 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,366. Typical income of Las Cruces, NM residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Doña Ana County›Las Cruces›88001›2432 La Fonda Cir

This home is located at 2432 La Fonda Cir in Las Cruces, NM and zip code 88001. This home, which was built in 1984, sits on a 0.28 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $687,414.

Listings spent 126 days on the market in December 2024, and had a median list price of $540,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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