Property Details
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This residential property, located at 797 Santa Barbara DR in Farmington, NM, sits in the peaceful Puesta Rosa Subdivision. The lot, number B1, spans a size of 16,683 square feet and was last sold on 02/13/2024. Built in 2005, the property boasts a spacious 1911 square feet of living space, with no heating system and a single story. As per tax records, the property was assessed at $67,950.00 and has a market value of $203,848.00, with a tax bill of $1,637.44.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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