An east side piece of land for less than $200,000?! This peaceful lot down a quiet lane with mountain views represents an incredible opportunity. Though the property contains a large arroyo, and is accessed via a deeded easement through two adjacent properties, there remains a flat home site that should be a suitable spot for a home appropriate for this beautiful lot. Less than 10 minutes to the plaza and an easy walk to Museum Hill, this is a price not usually possible for an east side lot of this caliber. Come tour it for yourself and see how this amazing piece of land could be the perfect site for your home.
Property Details
Property Features
Listing Office:
Office Name: Barker Realty, LLC
Office Phone: (505) 982-9836
Listing Agent: Grant Alexander
Interior Features
Interior Information:
Basement: No
Lot Features
Lot Information:
Lot: Cul-De-Sac, Views
Lot Size: 1.23 Acres
School Info
Assigned Schools Information:
Santa Fe High School, Public District Grades 9-12
Calvin Capshaw Middle School, Public District Grades 7-8
Wood-Gormley Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Old Pecos Trail to Camino Lejo. Right on Palacio Lane. Contact broker for specifics.
Price Information
Listing Price Info
Price Summary:
List Price: $185,000
Tax Information:
Annual Amount: $1,996
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.
$991
Per Month
Principal & Interest
$924
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
$621
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.
Elementary School
9
/10
Wood-Gormley Elementary School
141 E Booth St
Distance between this listing and this school1.29 miles
Public District Grades KG-6
Middle School
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school1.33 miles
Public District Grades 7-8
High School
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school2.19 miles
Public District Grades 9-12
Assigned Schools
9
/10
Wood-Gormley Elementary School
141 E Booth St
Distance between this listing and this school1.29 miles
Public District Grades KG-6
Nearby Schools
4
/10
E.J. Martinez Elementary School
401 North San Mateo
Distance between this listing and this school1.05 miles
Public District Grades KG-6
4
/10
Ramirez Thomas Elementary School
610 Alta Vista St
Distance between this listing and this school1.08 miles
Public District Grades KG-5
Assigned Schools
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school1.33 miles
Public District Grades 7-8
Nearby Schools
4
/10
Aspen Community Magnet School
450 La Madera St
Distance between this listing and this school2.12 miles
Public Magnet Grades KG-8
2
/10
De Vargas Middle School
1750 Llano St
Distance between this listing and this school2.12 miles
Public District Grades 7-8
Assigned Schools
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school2.19 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 school4.02 miles
Public Charter Grades 9-12
7
/10
The Master Program
6401 S Richards Ave
Distance between this listing and this school5.27 miles
The neighbors living near this home have an average income of $100,083. Typical income of Santa Fe, NM residents is between $35k-100k annually. The most common type of family is 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 1846 Palacio Ln
What is the listing price of this property?
The listing price of 1846 Palacio Ln property is $185,000.
What type of property is this?
The property 1846 Palacio Ln is land located in Santa Fe, New Mexico, 87505.
Is this property for sale now?
Active Listing: 1846 Palacio 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 1846 Palacio Ln are: Wood-Gormley Elementary School: GreatSchools Rating 9/10Calvin Capshaw Middle 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 $1,996 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1846 Palacio Ln in Santa Fe, NM and zip code 87505 in the Southeast neighborhood. This home sits on a 1.23 acre lot. It has been listed on Rocket Homes since November 08, 2022 and is currently priced at $185,000.
In April 2024 more than 39 listings in Santa Fe, NM were sold above the asking price. During the same period more than 42 listings were sold at asking price, while more than 77 were sold below. The number of homes for sale in Santa Fe, NM increased by 13% between March 2024 and April 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.