For sale

Price cut: $399.1K (8/31)

$549,900

1604 Juan Perea Rd, Los Lunas, NM 87031

3beds

900sqft

$3,699/mo

Get pre-qualified

Single Family Residence

Built in 1959

1 Acres Lot

$-- Zestimate^®

$611/sqft

$-- HOA

What's special

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,

184 days
91
4

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: $611/sqft
Tax assessed value: $58,971
Annual tax amount: $598
Date on market: 4/10/2026
Cumulative days on market: 185 days
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/31/2026	Price change	$549,900-42.1%$611/sqft
Source: SWMLS #1101420 Report a problem
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