11 months on rocket

2872 Nm 14, Madrid, NM, 87010

$425,000

Home List Price

$5,047*

Closing Credit

2 Bedrooms
1 Full Bath
1,400 SqFt
$304/SqFt
House
Schools Nearby

Location

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2872 Nm 14, Santa Fe South$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDirect Access
Year Built1930
HeatingPropane
CoolingEvaporative Cooling, Window Unit(s)
MLS #202338309
Lot Size0.17 Acres
StatusActive

About 2872 Nm 14

Rare find commercial/residential property in heart of the popular artist and entertainment tourist destination, Madrid New Mexico, right on the Turquoise Trail National Scenic Byway, Hwy 14. It has an Owner Occupancy Business License and is perfectly situated for a vacation rental, retail/gallery, or live/workspace. Covered front porch entrance into a spacious and sunlit front room-gallery, kitchen, bathroom, bedroom, and a newly remodeled back room adds a living room, office or additional sleeping area. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia.

Property Details

Property Features

Property Information:

  • Architectural Style: Northern New Mexico
  • Year Built: 1930
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: Cholla Properties
  • Office Phone: (505) 438-7330
  • Listing Agent: Terrance Scott Polly

Interior Features

Interior Information:

  • Basement: No
  • Interior: Interior Steps

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Direct Access

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Propane
  • Cooling: Evaporative Cooling, Window Unit(s)

School Info

Assigned Schools Information:

  • Capital High School, Public District Grades 9-12
  • Calvin Capshaw Middle School, Public District Grades 7-8

Other

Directions Information:

  • Directions: Enter Madrid on Highway 14 from Santa Fe and the property is on the left in middle of Madrid.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $304/SqFt

HOA Fees:

  • Amount: $20
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Santa Fe South, NM.

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Santa Fe South, NM

City

Med. Sold Price

$668.3K

Med. Price/SqFt

$341

Avg. Days On Market

58

# of Sold Homes

47

2872 Nm 14 vs Santa Fe South

339 DAYS ON ROCKET

+281 Days

$425,000

-$243.3K Less

$304/SqFt

-$37 Less

KEY TAKEAWAY

This property is $243.3K less than the Median Sold Price and $37/SqFt less than other homes in Santa Fe South, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SFAOR
  • MLS Number: #202338309

Listing Office:

  • Office Name: Cholla Properties
  • Office Phone: (505) 438-7330
  • Listing Agent: Terrance Scott Polly

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2024 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 1:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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

school-card-donut-6489471
4
/10

  • Calvin Capshaw Middle School

  • 351 East Zia Rd

  • 20.01 miles

  • Public District Grades 7-8

High School

school-card-donut-6489472
4
/10

  • Capital High School

  • 4851 Paseo Del Sol

  • 16.06 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,080. The most common annual income of people living in Santa Fe South, NM is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2872 Nm 14

What is the listing price of this property?

The listing price of 2872 Nm 14 property is $425,000.

What type of property is this?

The property 2872 Nm 14 is a house located in Madrid, New Mexico, 87010.

Is this property for sale now?

Active Listing: 2872 Nm 14 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2872 Nm 14 are:
Calvin Capshaw Middle School: GreatSchools Rating 4/10
Capital High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 2872 Nm 14 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 2872 Nm 14 is 1,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2872 Nm 14 is 1930.

Rocket Homes›New Mexico›Santa Fe County›Santa Fe South›87010›2872 Nm 14

This home is located at 2872 Nm 14 in Madrid, NM and zip code 87010. This 1,400 square foot home, which was built in 1930, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 31, 2023 and is currently priced at $425,000.

In April 2024 more than 14 listings in Santa Fe South, NM were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 25 were sold below. In April 2024 in Santa Fe South, NM there were 14.1% more homes for sale than in March 2024. Listings spent 58 days on the market in April 2024, and had a median list price of $668,312 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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