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BANK FORECLOSURE! Opportunity awaits on a spacious .86-acre lot in the heart of Lemitar! Just North of Socorro. This property offers a home with generous square footage and endless potential for the right buyer. While the residence is older and in need of updates and repairs, its size and expansive lot provide an excellent foundation for renovation, investment, or creating your dream home. The large lot offers ample space for vehicles, RVs, workshops, gardening, animals, or future improvements. Whether you're an investor, contractor, or buyer looking for a project with room to grow, this property is full of possibilities. Bring your vision and unlock the value this unique property has to offer. Property is being sold As-Is. Ask LB on Renovation loan products.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1960
  • 0.86 Acre Lot
  • 98 days on Market

  • Bedrooms
    4
  • Bathrooms
    2
  • Year Built
    1960
  • Stories
    1.0
  • Architectural Style
    Ranch
  • Construction Materials
    Stucco
  • Foundation
    Slab
  • Parking Features
    RV Access/Parking
  • Living Area
    2836.0
  • Interior Features
    Ceiling Fan(s), Master Downstairs
  • Flooring
    Vinyl, Concrete
  • Cooling
    Ceiling Fan(s), None
  • Heating
    Wood Stove

  • Acres
    0.86
  • Utilities
    Electricity Connected, Water Connected, Propane

  • Area
    620 - North Socorro
  • County
    Socorro
  • City
    Lemitar
  • Zip Code
    87823

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Frequently Asked Questions

How do I schedule a tour of 48 Santillanes?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 48 Santillanes.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 48 Santillanes?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 2 bath, listed for $99,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Lemitar, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 48 Santillanes?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 48 Santillanes at around $705. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 48 Santillanes?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Socorro County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 48 Santillanes?

In most cases, yes. Whether 48 Santillanes is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lemitar's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 48 Santillanes?

We can handle that for you. Our preferred local agent specializes in residentials in Lemitar and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $99,900 with 2,836 sqft of space—that comes out to approximately $35 per square foot.

How long has this property been on the market?

48 Santillanes was listed on August 03, 2026, which means it's been on the market for 98 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1960, making it approximately 66 years old.

What is the lot size of this property?

48 Santillanes sits on a 0.86-acre lot, which is 37,462 square feet.

What are the property taxes for 48 Santillanes?

The most recent public record shows annual property taxes for 48 Santillanes were approximately $1,633. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 48 Santillanes still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 09, 2026 at 06:13AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1113085