Opportunity Knocks! Here is your chance to own a unique downtown property. Steps away from the plaza and world class dining, shopping and culture. Nestled on Paseo De Peralta under the Cross of the Martyrs is this magical property. Currently two separate units with 2 bedrooms and 1 bath in the upper level unit and 3 bedrooms and 2 baths in the lower level unit. This could be an ideal live/work situation, zoned BCD, the upper unit could be a gallery or other business that would have massive exposure due to location or this could be your perfect pie de terre with an additional unit for rental income. The upper unit enjoys natural light flooded rooms, hardwood flooring, a recently remodeled galley kitchen and open concept living spaces. The lower level unit has 2 bedrooms with en suite bathrooms and a 3rd bedroom/loft with a kiva fireplace. There is a private garden that gives one an oasis to escape from the hustle and bustle of the world. The house is wrapped in enchanting ivy and there is old world charm and character at every turn.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,303
Per Month
Principal & Interest
$8,236
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
$5,013
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
8
/10
Carlos Gilbert Elementary School
300 Griffin St
Distance between this listing and this school0.54 miles
Public District Grades KG-6
Middle School
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school3.07 miles
Public District Grades 7-8
High School
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school3.42 miles
Public District Grades 9-12
Assigned Schools
8
/10
Carlos Gilbert Elementary School
300 Griffin St
Distance between this listing and this school0.54 miles
Public District Grades KG-6
Nearby Schools
8
/10
Acequia Madre Elementary School
700 Acequia Madre
Distance between this listing and this school0.62 miles
Public District Grades KG-6
9
/10
Wood-Gormley Elementary School
141 E Booth St
Distance between this listing and this school0.72 miles
Public District Grades KG-6
Assigned Schools
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school3.07 miles
Public District Grades 7-8
Nearby Schools
5
/10
Gonzales Elementary School
851 W Alameda St
Distance between this listing and this school1.25 miles
Public District Grades KG-8
4
/10
Aspen Community Magnet School
450 La Madera St
Distance between this listing and this school1.56 miles
Public Magnet Grades KG-8
Assigned Schools
5
/10
Santa Fe High School
2100 Yucca St
Distance between this listing and this school3.42 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 school2.20 miles
Public Charter Grades 9-12
7
/10
The Master Program
6401 S Richards Ave
Distance between this listing and this school6.84 miles
The neighbors living near this home have an average income of $69,500. Typical income of Santa Fe, NM residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 640 Paseo De Peralta in Santa Fe, NM and zip code 87501 in the Downtown Santa Fe neighborhood. This home, which was built in 1900, sits on a 0.12 acre lot. It has been listed on Rocket Homes since March 23, 2022 and is currently priced at $1,650,000.
In April 2024, from all listings sold in Santa Fe, NM there were more than 39 sold above asking price, over 77 sold below and more than 42 were sold right at the asked price. The number of listings in Santa Fe, NM increased by 13% between March 2024 and April 2024. The median list price of listings available in April 2024 was $622,027, while the average time on the real estate market was 53 days.
From Rocket Homes Real Estate and based on county public records data.