For sale

$195,000

120 Lower Terrace Dr #15, Ruidoso, NM 88345

2beds

1,080sqft

Est.:

Condominium

Built in 1979

-- sqft lot

$-- Zestimate^®

$181/sqft

$233/mo HOA

What's special

Move-in ready and beautifully updated, this 2-bedroom, 2-bath condominium offers comfort, style, and convenience. The primary suite features double closets, while both bathrooms have been completely remodeled with modern finishes. Updates include new flooring, fresh paint, new washer and dryer, new HVAC system and a premium LG stainless steel appliance package. Enjoy the cozy fireplace and the calming color palette throughout. Nestled near Midtown with easy access to shops, dining, and entertainment. This home also offers the unique charm of wildlife sightings right outside your door. HOA quarterly dues $700 includes exterior maintenance, landscaping, water, sewer, trash and snow removal. There is a one-time transfer fee of $1000 + grt.

444 days

306

6

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric, Fireplace(s), Other

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
Laundry: Washer Hookup, Electric Dryer Hookup, Stacked

Features

Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry
Flooring: Carpet, Vinyl
Number of fireplaces: 1
Fireplace features: Insert, Wood Burning

Interior area

Total interior livable area: 1,080 sqft

Property

Parking

Parking features: No Garage, On Site

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck
Fencing: None
Has view: Yes
View description: Golf Course
Waterfront features: None

Lot

Features: Cleared, Near Golf Course, Level

Details

Additional structures: None
Parcel number: 4071064498485CM0002
Zoning: R3
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: Condo
Architectural style: Contemporary,Mountain
Property subtype: Condominium

Materials

Frame, Vinyl Siding
Roof: Metal,Pitched

Condition

See Remarks
Year built: 1979

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Fairway Meadows Cond

HOA

HOA fee: $700 quarterly

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $181/sqft
Tax assessed value: $116,805
Annual tax amount: $2,355
Date on market: 11/26/2024
Cumulative days on market: 477 days
Listing terms: Cash,Conventional,1031 Exchange
Electric utility on property: Yes
Road surface type: Asphalt, Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,636/mo

Price history

Date	Event	Price
8/20/2025	Price change	$195,000-4.9%$181/sqft
Source: RLCMLS #131841 Report a problem
6/17/2025	Price change	$205,000-3.3%$190/sqft
Source: RLCMLS #131841 Report a problem
5/13/2025	Price change	$212,000-3.2%$196/sqft
Source: RLCMLS #131841 Report a problem
4/28/2025	Price change	$219,000-1.8%$203/sqft
Source: RLCMLS #131841 Report a problem
2/19/2025	Price change	$223,000-2.6%$206/sqft
Source: RLCMLS #131841 Report a problem
1/15/2025	Listed for sale	$229,000$212/sqft
Source: RLCMLS #131841 Report a problem
12/7/2024	Listing removed	$229,000-2.6%$212/sqft
Source: RLCMLS #131841 Report a problem
11/26/2024	Listed for sale	$235,000+22.1%$218/sqft
Source: RLCMLS #131841 Report a problem
2/23/2023	Listing removed	--
Source: RLCMLS #129078 Report a problem
1/12/2023	Listed for sale	$192,500+67.4%$178/sqft
Source: RLCMLS #129078 Report a problem
8/28/2020	Listing removed	$115,000$106/sqft
Source: Future Real Estate #124211 Report a problem
8/13/2020	Listed for sale	$115,000+2.8%$106/sqft
Source: Future Real Estate #124211 Report a problem
5/8/2019	Listing removed	$111,900$104/sqft
Source: Berkshire Hathaway HomeServices Lynch Realty #122371 Report a problem
2/18/2019	Listed for sale	$111,900$104/sqft
Source: Berkshire Hathaway HomeServices Lynch Realty #122371 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,171 +4.5%	$38,935 +3%
2023	$1,120 -2%	$37,801
2022	$1,143 +0.5%	$37,801
2021	$1,137 +46.5%	$37,801
2020	$776 +6.9%	$37,801 +50.8%
2019	$726 +3.6%	$25,070 +3%
2018	$701 +3.9%	$24,340 +6.1%
2015	$675 +5.9%	$22,943 +3%
2014	$637	$22,275