For sale

$130,000

405 N 8th St, Melrose, NM 88124

2beds

1,166sqft

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Single Family Residence

Built in 1930

-- sqft lot

$-- Zestimate^®

$111/sqft

$-- HOA

What's special

Detached garageFunctional layoutLarge corner lot

2-bedroom, 1-bath home in Melrose offering approximately 1,166 sq ft, situated on a large corner lot. The property features a functional layout with a sunroom and bonus/workshop space. Exterior includes a detached garage and carport for ample covered parking. Great opportunity for buyers seeking small-town living with flexible space and potential. Schedule your showing today!

87 days

67

0

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Natural Gas

Features

Ceiling Fan(s), Walk-In Closet(s)
Flooring: Carpet, Vinyl
Has fireplace: No

Interior area

Total structure area: 1,166
Total interior livable area: 1,166 sqft

Property

Parking

Total spaces: 1
Parking features: Garage, Open
Garage spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Patio Covered
Fencing: Cross Fenced

Lot

Topography: Cross Fenced, Irregular Lot

Details

Parcel number: 118701233929100

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Siding
Roof: Metal

Condition

Year built: 1930

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Melrose

Financial & listing details

Price per square foot: $111/sqft
Tax assessed value: $29,538
Annual tax amount: $847
Date on market: 4/19/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Inclusions: Cooktop, Gas Water Heater
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$932/mo

Price history

Date	Event	Price
4/20/2026	Listed for sale	$130,000-18.2%$111/sqft
Source: New Mexico MLS #20262274 Report a problem
3/5/2026	Listing removed	$159,000$136/sqft
Source: New Mexico MLS #20255104 Report a problem
9/4/2025	Listed for sale	$159,000$136/sqft
Source: New Mexico MLS #20255104 Report a problem
1/5/2018	Sold	--
Source: New Mexico MLS #20175968 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$9,846 +2.7%
2024	$186 +17.9%	$9,583 +18.9%
2023	$157 +2.7%	$8,060 +2.7%
2022	$153 +6.1%	$7,849 +2.7%
2021	$144 +1.8%	$7,644 +2.7%
2020	$142	$7,445
2019	$142 +29%	$7,445 +27.7%
2018	$110	$5,829 +3%
2017	$110 +8.7%	$5,660 +3%
2016	$101	$5,496 +3%
2015	$101 +3%	$5,337 +3%
2014	$98	$5,183

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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