OFF MARKET

Last listed at $489,000, CLOSED ON Aug 2024

$473,808

•

2,145

sq ft

16 Olive Terrace Rd, Belen, NM 87002

About this home

This manufactured home, set on a permanent foundation on over 8 acres, boasts junior water rights and numerous upgrades. It features a metal roof, a MasterCool system, and new paint and flooring throughout. The property includes a 38 x 54 shop with a hoist, a new pressure tank for the well, several fruit trees, and horse stables. Don't miss out on this beautiful country home! Schedule your showing today!

ManufacturedProperty Type

1998Year Built

8.7 acresLot Size

$221Est. Price/Sq.Ft.

Listed by • Real Broker LLC

Bought with Taylor Kaneshiro • 45 Realty

Redfin checked: 3 minutes ago

•Source:Southwest MLS #1063904

Redfin Estimate

$473,808

$15K under list price of $489K

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 34.3% higher than the average sale price ($353K) of 6 comparable homes.

SOLD AUG 10, 2026
$90,000
A
4 beds2 baths1,680 sq ft
47 James St, Belen, NM 87002
SOLD JUN 12, 2026
$329,000
B
4 beds2 baths1,728 sq ft
147 Maestas Rd, Belen, NM 87002
SOLD MAR 6, 2026
$599,999
C
4 beds2 baths2,059 sq ft
9 Camino De Crystal, Belen, NM 87002
SOLD FEB 17, 2026
$390,000
D
3 beds2 baths1,993 sq ft
246 Armijo Rd, Belen, NM 87002
SOLD MAY 26, 2026
$333,000
E
3 beds2 baths2,117 sq ft
889 Highway 116, Bosque, NM 87006
SOLD MAR 13, 2026
$375,000
F
4 beds2.5 baths2,125 sq ft
56 Lagrima Rd, Belen, NM 87002

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 87002, NM

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.6%

0.1% MoM

Median sale price

$280K

$3K MoM

Avg. days on market

79d

3 days MoM

Recently sold homes

12 MoM

New listings for sale

NEW 7 HRS AGO
$529,200
4 beds2 baths2,352 sq ft
20 Green Valley Ln, Belen, NM 87002
NEW 1 DAY AGO
$235,000
3 beds2 baths1,591 sq ft
603 S Mesa Rd, Belen, NM 87002
$299,900
3 beds2 baths1,502 sq ft
1906 Letizia Ln, Belen, NM 87002
$695,000
5 beds2.5 baths2,415 sq ft
5 Eli Ct, Belen, NM 87002
$455,000
3 beds2 baths1,700 sq ft
73 Greer Rd, Belen, NM 87002
3D WALKTHROUGH
$325,000
Studio3.5 baths2,925 sq ft
1690 Golf Course Rd, Rio Communities, NM 87002
$290,000
3 beds2 baths1,379 sq ft
913 Camino De Las Violeta, Belen, NM 87002
FOR SALE BY OWNER
$650,000
3 beds2 baths3,634 sq ft
1335 Kaghan Loop, Rio Communities, NM 87002
$430,000
3 beds2 baths2,140 sq ft
191 Balsam Cir, Belen, NM 87002
FOR SALE BY OWNER
$785,000
5 beds2.5 baths2,790 sq ft
3 Eli Ct, Belen, NM 87002
See all

Provided by Redfin

Sale history for 16 Olive Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,188 (+223.0%)

$62,667 + $53,664

$116,331

2024

$1,297 (+2.1%)

$62,667 + $53,664

$116,331

2023

$1,270 (+7.3%)

$6,366 + $38,890

$45,256

2022

$1,183 (+9.7%)

$6,366 + $37,589

$43,955

2021

$1,079 (+2.1%)

$6,366 + $36,326

$42,692

2020

$1,057 (+0.2%)

$6,366 + $35,099

$41,465

2019

$1,055 (+0.8%)

$6,366 + $33,908

$40,274

2018

$1,046 (+1.0%)

$6,366 + $33,908

$40,274

2017

$1,036 (−2.3%)

$6,366 + $33,908

$40,274

2016

$1,060

$6,366 + $33,908

$40,274

2015

$1,061 (−8.1%)

$6,366 + $33,908

$40,274

2014

$1,154 (+6.3%)

$6,366 + $33,908

$40,274

2013

$1,086

$6,366 + $33,581

$39,947

Tax history for 16 Olive Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,188 (+223.0%)

$62,667 + $53,664

$116,331

2024

$1,297 (+2.1%)

$62,667 + $53,664

$116,331

2023

$1,270 (+7.3%)

$6,366 + $38,890

$45,256

2022

$1,183 (+9.7%)

$6,366 + $37,589

$43,955

2021

$1,079 (+2.1%)

$6,366 + $36,326

$42,692

2020

$1,057 (+0.2%)

$6,366 + $35,099

$41,465

2019

$1,055 (+0.8%)

$6,366 + $33,908

$40,274

2018

$1,046 (+1.0%)

$6,366 + $33,908

$40,274

2017

$1,036 (−2.3%)

$6,366 + $33,908

$40,274

2016

$1,060

$6,366 + $33,908

$40,274

2015

$1,061 (−8.1%)

$6,366 + $33,908

$40,274

2014

$1,154 (+6.3%)

$6,366 + $33,908

$40,274

2013

$1,086

$6,366 + $33,581

$39,947

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

4.7 Acres

Year renovated

—

Sq. Ft.

—

Year built

1996

Style

Other

County

Valencia County

APN

1006022267354000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 16, 2026.

RR-2

Rural Residential District

The purpose of the Rural Residential Districts is to provide for varying densities of rural residential development on selected lands identified in the comprehensive plan for preservation of low density rural living.; The RR Districts are intended to accommodate rural residential development at an anticipated magnitude or density level that does not require more than a very basic level of services, such as single local-road access, individual domestic wells and septic tank sewage-disposal systems, and rural fire protection. Ultimate density limitations in the RR District shall be determined by prevailing lot sizes community character, compatibility with existing uses in the district, limitations of domestic water sources, soil conditions and groundwater tables for subsurface sewage disposal, and area designations identified in the Valencia County comprehensive plan. Opportunities for small-scale or intensive farm activities compatible with low density rural residential uses shall be encouraged in the RR Districts.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Public service

Property details

Interior

Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1

Room 1 Information
Bedroom 3
Level: Main
Area: 144.43
Length: 11.11
Width: 13.0

Room 2 Information
Bedroom 2
Level: Main
Area: 153.68
Length: 11.3
Width: 13.6

Room 3 Information
Dining Room
Level: Main
Area: 222.3
Length: 17.1
Width: 13.0

Room 4 Information
Primary Bedroom
Level: Main
Area: 224.84
Length: 15.4
Width: 14.6

Room 5 Information
Kitchen
Level: Main
Area: 208.0
Length: 16.0
Width: 13.0

Room 6 Information
Living Room
Level: Main
Area: 364.0
Length: 28.0
Width: 13.0

Laundry Information
Features: Electric Dryer Hookup

Interior Features
Window Features: Clad, Metal, Single Pane, Storm Windows
Flooring: Carpet, Tile, Vinyl
Other Features: Main Level Primary

Exterior

Building Information
Stories: 1
Roof Details: Metal, Pitched
Construction Details: Frame, Masonite, Wood Siding
Builder Name: Solitaire
Builder Model: Solitaire

Exterior Features
Exterior Features: Deck, Fence, Propane Tank - Owned
Patio And Porch Features: Covered, Deck, Patio

Green Features
Green Energy Generation: None

Mobile Home Information
Model: Solitaire
Mobile Length: 80
Mobile Width: 26

Lot Information
Lot Size Acres: 8.7
Lot Dimensions Source: Public Records
Lot Size Source: Public Records
Zoning Description: A-1

Property Information
Direction Faces: East
Resale

Financial

Tax Information
Annual Tax Amount: $1,270.02

Utilities

Utility Information
Utilities: Electricity Connected, Propane, Sewer Connected, Water Connected
Sewer: Septic Tank
Water Source: Private, Well

Heating & Cooling
Has Cooling
Cooling: Evaporative Cooling
Has Heating
Heating: Central, Forced Air

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 4.7 acres
Style: Other
Year Built: 1996
Year Renovated: —
County: Valencia County
APN: 1006022267354000000

Home facts updated by county records on Jul 16, 2026

Around this home

Schools

La Promesa Elementary School

Public PreK-6 • Assigned • 3.5mi

7/10

Belen Middle School

Public 7-8 • Assigned • 5.6mi

7/10

Belen High School

Public 9-12 • Assigned • 5.8mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

7% chance of being in a wildfire in next 30 years

5/10 Heat Factor

5 days above 99° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Belen, NM • 87002

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 12 hours in June and 7.2 hours in December, placing it above the U.S. average for solar exposure.

12 hrs

7.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$451,000 – $545,000

Sell confidently with a local market expert in Belen. 3 minutes to get started.

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New listings for sale in 87002

NEW 7 HRS AGO

$529,200

4 beds2 baths2,352 sq ft

20 Green Valley Ln, Belen, NM 87002

NEW 1 DAY AGO

$235,000

3 beds2 baths1,591 sq ft

603 S Mesa Rd, Belen, NM 87002

$299,900

3 beds2 baths1,502 sq ft

1906 Letizia Ln, Belen, NM 87002

$695,000

5 beds2.5 baths2,415 sq ft

5 Eli Ct, Belen, NM 87002

$455,000

3 beds2 baths1,700 sq ft

73 Greer Rd, Belen, NM 87002

3D WALKTHROUGH

$325,000

Studio3.5 baths2,925 sq ft

1690 Golf Course Rd, Rio Communities, NM 87002

$290,000

3 beds2 baths1,379 sq ft

913 Camino De Las Violeta, Belen, NM 87002

FOR SALE BY OWNER

$650,000

3 beds2 baths3,634 sq ft

1335 Kaghan Loop, Rio Communities, NM 87002

$430,000

3 beds2 baths2,140 sq ft

191 Balsam Cir, Belen, NM 87002

Home values near 16 Olive Terrace Rd

Data from public records.

Address	Redfin Estimate
3 Olive Terrace Rd, Belen, NM 4 Beds \| 2 Baths \| 1854 Sq. Ft.	$399,873

Address	Redfin Estimate

Address	Redfin Estimate

Property information provided by Southwest MLS when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 87002, NM

Sale history for 16 Olive Terrace Rd

Tax history for 16 Olive Terrace Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 87002

Home values near 16 Olive Terrace Rd

More real estate resources