Cozy space bursting with potential! This compact home is the perfect opportunity for a first-time buyer or investor looking to start or expand their real estate portfolio. This property needs some cosmetic updates and a little TLC. The smaller footprint makes 'putting your own stamp on it' a lot more budget-friendly. The 2 outdoor buildings are welcomed extra space. Both have electricity and one has water that could provide additional living provide space. It could also be used for a private office or she/he shed. Grab your favorite realtor and take a look! Or give me a call 512-784-3793
For sale
$140,000
507 S Lake St, Carlsbad, NM 88220
2beds
870sqft
Single Family Residence
Built in 1950
7,405 Square Feet Lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
One has waterBoth have electricityCozy space
- 145 days |
- 280 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Debra Rackers 512-784-3793,
Berkshire Hathaway Home Services Enchanted Lands - Carlsbad 575-689-2252
Source: New Mexico MLS,MLS#: 20261156
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air, Refrigerated
Features
- Attic
- Flooring: Hardwood, Tile
- Has fireplace: No
Interior area
- Total structure area: 870
- Total interior livable area: 870 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Carport
- Garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Stories: 1
- Exterior features: Sidewalk
- Fencing: Chain Link
- Frontage length: 50.0
Lot
- Size: 7,405 Square Feet
- Dimensions: 50.0x150.0
- Topography: Chain Link
Details
- Parcel number: 4157127049499
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Pitched
Condition
- Year built: 1950
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Carlsbad
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $96,543
- Annual tax amount: $768
- Date on market: 2/26/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Free-Standing Range, Range Hood
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,627/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $140,000$161/sqft |
Source:  New Mexico MLS #20261156 Report a problem | ||
| 5/25/2026 | Pending sale | $140,000$161/sqft |
Source: New Mexico MLS #20261156 Report a problem | ||
| 4/21/2026 | Price change | $140,000-9.1%$161/sqft |
Source: New Mexico MLS #20261156 Report a problem | ||
| 3/25/2026 | Price change | $154,000-3.1%$177/sqft |
Source: New Mexico MLS #20261156 Report a problem | ||
| 2/27/2026 | Listed for sale | $159,000+59%$183/sqft |
Source: New Mexico MLS #20261156 Report a problem | ||
| 12/3/2018 | Sold | -- |
Source: New Mexico MLS #20184091 Report a problem | ||
| 9/17/2018 | Price change | $100,000-8.3%$115/sqft |
Source: CENTURY 21 Associated Professionals, Inc. #20184091 Report a problem | ||
| 9/4/2018 | Price change | $109,000-9.2%$125/sqft |
Source: CENTURY 21 Associated Professionals, Inc. #20184091 Report a problem | ||
| 8/30/2018 | Listed for sale | $120,000$138/sqft |
Source: CENTURY 21 ASSOCIATED PROFESSIONALS #20184091 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $791 +1.8% | $32,181 +3% |
| 2024 | $777 -1.6% | $31,244 -1.2% |
| 2023 | $790 +1.4% | $31,613 +0.1% |
| 2022 | $779 +3.4% | $31,573 +3% |
| 2021 | $753 +0.3% | $30,654 +1.5% |
| 2020 | $751 +0.4% | $30,203 +2.5% |
| 2019 | $749 +77.3% | $29,470 +76.5% |
| 2018 | $422 | $16,695 +3% |
| 2017 | $422 | $16,209 |
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: 88220
Nearby schools
GreatSchools rating
- 7/10Cottonwood ElementaryGrades: K-5Distance: 0.7 mi
- 2/10Carlsbad Sixth Grade AcademyGrades: 6-8Distance: 0.8 mi
- 6/10Carlsbad High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $39,573-- bd-- ba840 sqft505 S Lake St, Carlsbad, NM 88220Off Market
- $166,700-- bd-- ba938 sqft509 S Lake St, Carlsbad, NM 88220Off Market
- $---- bd-- ba-- sqft509 S Lake St, Carlsbad, NM 88220Off Market
- $159,400-- bd-- ba1.4k sqft503 S Lake St, Carlsbad, NM 88220Off Market
- $153,000-- bd-- ba876 sqft511 S Lake St, Carlsbad, NM 88220Off Market
- $--2 bd1 ba905 sqft511 S Lake St, Carlsbad, NM 88220Off Market
- $---- bd-- ba-- sqft501 S Lake St, Carlsbad, NM 88220Off Market
- $50,882-- bd-- ba1.4k sqft501 S Lake St, Carlsbad, NM 88220Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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