$955,000
PENDING $40K PRICE DROP

Estimated payment $5,602/month

Total Views 5,543
4 Beds
2.5 Baths
1,437 Sq Ft
$665 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • No Interior Steps
  • Wood-Gormley Elementary School Rated A-
  • Northern New Mexico Architecture
  • 1-Story Property

About This Home

Turnkey Income Property in Prime Santa Fe Location!
This classic Northern New Mexico adobe offers charm, modern updates, and proven rental potential. The main house features wood floors, hand-carved accents, updated kitchen and baths, and a cozy fireplace. A separate, city-approved short-term rental guest house provides immediate income.

Recent upgrades include new appliances, lighting, roof, and utilities. No historic restrictions and favorable zoning may allow for expansion. Fully fenced yard, ample parking, and strong demand make this a rare Santa Fe investment opportunity.

Listing Agent

Malisa Braselle

Sun Mountain Real Estate License #53195 Listed on: 05/14/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,902

Year Built

  • Built in 1942

Parking

  • 4 Parking Spaces

Home Design

  • Northern New Mexico Architecture
  • Flat Roof Shape
  • Adobe

Interior Spaces

  • 1,437 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Wood Gormley Elementary School
  • Milagro Middle School
  • Santa Fe High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • No Interior Steps
  • Outbuilding
  • 7,975 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 11685504

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,902

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1942
  • Prop. Type: Residential
  • Directions: Paseo de Peralta, Right on Don Gaspar, Right onto W Coronado.
  • Architectural Style: Northern New Mexico
  • Garage Yn: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Levels: One
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: No Interior Steps
  • Living Area: 1437.0

Exterior Features

  • Roof: Flat
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Adobe
  • Other Structures: Guest House Detached, Outbuilding

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Utilities: High Speed Internet Available
  • Heating: Baseboard, Electric, Fireplace(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Wood Gormley
  • High School: Santa Fe
  • Middle Or Junior School: Milagro

Lot Info

  • Lot Size Acres: 0.18
  • Land Lease: No
  • Lot Size Sq Ft: 7975.0
  • Parcel #: 11685504

Tax Info

  • New Taxes Expense: 7582.23
  • Tax Annual Amount: 4902.31
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,902 $643,320 $210,000 $433,320
2023 $4,990 $635,697 $210,000 $425,697
2022 $2,726 $344,860 $163,909 $180,951
2021 $2,684 $111,605 $53,044 $58,561
2020 $2,604 $108,355 $51,499 $56,856
2019 $2,567 $105,199 $49,999 $55,200
2018 $2,583 $105,090 $49,890 $55,200
2017 $2,519 $102,030 $46,830 $55,200
2016 $2,375 $99,058 $43,859 $55,199
2015 $2,320 $96,174 $40,544 $55,630
2014 $2,181 $93,279 $34,299 $58,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Pending -- -- --
07/08/2025 07/08/25 Price Changed $955,000 -4.0% $665 / Sq Ft
05/14/2025 05/14/25 For Sale $995,000 -- $692 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $632,800 New Conventional
Closed $389,020 New Conventional
Source: Public Records

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Source: Santa Fe Association of REALTORS®

MLS Number: 202502133

Santa Fe Association of REALTORS®

APN: 011685504