Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here.Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention.You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,
For sale
$949,000
1604 Juan Perea Rd, Los Lunas, NM 87031
3beds
900sqft
Single Family Residence
Built in 1959
1 Acres Lot
$-- Zestimate®
$1,054/sqft
$-- HOA
What's special
- 139 days |
- 82 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Trung D Doan 505-239-6927,
Equity New Mexico 505-271-2228
Source: SWMLS,MLS#: 1101420
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 196
- Dimensions: 14 x 14
Bedroom 2
- Level: Main
- Area: 121.32
- Dimensions: 10.11 x 12
Bedroom 3
- Level: Main
- Area: 103.74
- Dimensions: 11.4 x 9.1
Family room
- Level: Main
- Area: 307.59
- Dimensions: 25.4 x 12.11
Kitchen
- Level: Main
- Area: 198
- Dimensions: 16.5 x 12
Living room
- Level: Main
- Area: 231.6
- Dimensions: 19.3 x 12
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Breakfast Bar, Ceiling Fan(s), Multiple Living Areas, Main Level Primary
- Flooring: Carpet, Laminate, Tile
- Windows: Clad, Metal, Single Pane
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Outside, Wood Burning
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Private Yard
Lot
- Size: 1 Acres
- Features: None
Details
- Additional structures: Garage(s), Storage, Workshop
- Parcel number: 1009037216250
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Single Family Residence
Materials
- Adobe, Brick Veneer
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Lands Of Henry Perea
Location
- Region: Los Lunas
Financial & listing details
- Price per square foot: $1,054/sqft
- Tax assessed value: $58,971
- Annual tax amount: $598
- Date on market: 4/10/2026
- Cumulative days on market: 138 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,003/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $949,000-5.1%$1,054/sqft |
Source:  SWMLS #1101420 Report a problem | ||
| 3/2/2026 | Listing removed | $1,000,000$1,111/sqft |
Source: SWMLS #1090908 Report a problem | ||
| 9/28/2025 | Price change | $1,000,000-33.3%$1,111/sqft |
Source: SWMLS #1090908 Report a problem | ||
| 9/5/2025 | Listed for sale | $1,500,000$1,667/sqft |
Source: SWMLS #1090908 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $452 +3.4% | $19,657 |
| 2021 | $437 +2.5% | -- |
| 2020 | $426 +3.9% | $18,529 +3% |
| 2019 | $410 +1.8% | $17,989 |
| 2018 | $403 +1.6% | $17,989 |
| 2017 | $397 | $17,989 |
| 2016 | -- | $17,989 |
| 2015 | -- | $17,989 |
| 2013 | -- | $17,989 -66.7% |
| 2011 | -- | $53,967 |
| 2010 | -- | $53,967 |
| 2009 | -- | $53,967 |
| 2008 | -- | $53,967 |
| 2007 | -- | $53,967 |
| 2005 | -- | $53,967 |
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.Climate risks
Neighborhood: 87031
Nearby schools
GreatSchools rating
- 5/10Los Lunas Elementary SchoolGrades: PK-6Distance: 1.5 mi
- 5/10Los Lunas Middle SchoolGrades: 7-8Distance: 1.1 mi
- 3/10Valencia High SchoolGrades: 9-12Distance: 6.2 mi
Schools provided by the listing agent
- Elementary: Ann Parish
- Middle: Los Lunas
- High: Los Lunas
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $135,500-- bd-- ba390 sqft1522 Juan Perea Rd, Los Lunas, NM 87031Off Market
- $6,621-- bd-- ba1k sqft87031-7429 7429, Los lunas, NM 87031Off Market
- $4,8006,969 sqft87031-7429 7429, Los Lunas, NM 87031Off Market
- $30,0000.56 acres87031-7429 7429, Los Lunas, NM 87031Off Market
- $171,8002 bd1 ba1k sqft1646 Juan Perea Rd SE, Los Lunas, NM 87031Off Market
- $264,700-- bd-- ba1.5k sqft1506 Juan Perea Rd SE, Los Lunas, NM 87031Off Market
- $313,700-- bd-- ba2.5k sqft1504 Juan Perea Rd SE, Los Lunas, NM 87031Off Market
- $39,309-- bd-- ba900 sqft1550 Juan Perea Rd, Los Lunas, NM 87031Off Market
A local agent can set up tours, give advice and negotiate with sellers.
