Price reduced! Welcome to this charming ranch-style home in move-in-ready condition, featuring three bedrooms and one bath, perfect for comfortable living. The spacious layout offers ample room for relaxation and entertainment, complemented by a cozy wood-burning fireplace. Enjoy the privacy of the generous lot, with no direct neighbors behind you, ideal for outdoor enjoyment. Don't miss out on the opportunity to make this delightful home your own. Schedule a showing today and imagine yourself calling this place home. Some photos have been virtually enhanced with furniture items and are not representative of the current condition.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1966
Living Area: 1,513 SqFt
Listing Office:
Office Name: RE/MAX Avante
Office Phone: (505) 552-3088
Listing Agent: Janet Frederick
Interior Features
Interior Information:
Basement: No
Interior: Interior Steps
Fireplace: Wood Burning
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Santa Fe High School, Public District Grades 9-12
Aspen Community Magnet School, Public Magnet Grades KG-8
Other
Directions Information:
Directions: Take ramp onto St Michaels Dr (NM-466 W) toward St. Michael's Dr./Hospital/College of Santa Fe. Go for 1.4 mi., Continue on Osage Ave. Go for 0.7 mi., turn right on Agua Fria, turn right on Barela Ln.
Price Information
Listing Price Info
Price Summary:
List Price: $424,900
Price Per SqFt: $281/SqFt
Tax Information:
Annual Amount: $1,349
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Santa Fe, NM.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,188
Per Month
Principal & Interest
$2,121
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,340
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
4
/10
Aspen Community Magnet School
450 La Madera St
Distance between this listing and this school1.29 miles
Public Magnet Grades KG-8
High School
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school1.45 miles
Public District Grades 9-12
Nearby Schools
3
/10
Salazar Elementary School
1300 Osage Ave
Distance between this listing and this school0.46 miles
Public District Grades KG-6
5
/10
Francis X. Nava Elementary School
2655 Siringo Rd
Distance between this listing and this school1.25 miles
Public District Grades KG-6
4
/10
Ramirez Thomas Elementary School
610 Alta Vista St
Distance between this listing and this school1.40 miles
Public District Grades KG-5
Assigned Schools
4
/10
Aspen Community Magnet School
450 La Madera St
Distance between this listing and this school1.29 miles
Public Magnet Grades KG-8
Nearby Schools
2
/10
De Vargas Middle School
1750 Llano St
Distance between this listing and this school1.01 miles
Public District Grades 7-8
5
/10
Gonzales Elementary School
851 W Alameda St
Distance between this listing and this school1.77 miles
Public District Grades KG-8
Assigned Schools
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school1.45 miles
Public District Grades 9-12
Nearby Schools
8
/10
New Mexico School For The Arts
2300 N Ridgetop Rd
Distance between this listing and this school3.78 miles
Public Charter Grades 9-12
7
/10
The Master Program
6401 S Richards Ave
Distance between this listing and this school4.70 miles
The neighbors living near this home have an average income of $52,417. Most Santa Fe, NM residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 531 Barela Ln
What is the listing price of this property?
The listing price of 531 Barela Ln property is $424,900.
What type of property is this?
The property 531 Barela Ln is a house located in Santa Fe, New Mexico, 87505.
Is this property for sale now?
Active Listing: 531 Barela Ln is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 531 Barela Ln are: Aspen Community Magnet School: GreatSchools Rating 4/10Santa Fe High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,349 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 531 Barela Ln has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 531 Barela Ln is 1,513 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 531 Barela Ln is 1966.
This home is located at 531 Barela Ln in Santa Fe, NM and zip code 87505 in the City Limits Southwest neighborhood. This 1,513 square foot home, which was built in 1966, sits on a 0.19 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $424,900.
While more than 39 listings in Santa Fe, NM in April 2024 were sold above asking price, there were more than 42 listings sold at asking price, and more than 77 were sold below. In April 2024 in Santa Fe, NM there were 13% more homes for sale than in March 2024. In April 2024, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $622,027.
From Rocket Homes Real Estate and based on county public records data.