Rare opportunity to own an authentic adobe compound in the heart of Corrales. Situated on over an acre along the Greenbelt, this 4-bedroom home showcases timeless New Mexico character, mature trees, and a peaceful, private setting. Designed for flexible living, the property includes a detached ADU ideal for multi-generational living, guests, a home office, or rental potential. Enjoy the charm of Corrales with nearby walking and biking paths, equestrian opportunities, and easy access to Albuquerque amenities. Experience the perfect blend of heritage, privacy, and rural New Mexico living.
For sale
$900,000
150 Reed Ln, Corrales, NM 87048
4beds
4,397sqft
Single Family Residence
Built in 1970
1.27 Acres Lot
$888,400 Zestimate®
$205/sqft
$-- HOA
What's special
Timeless new mexico characterAuthentic adobe compoundDetached aduPeaceful private settingMature trees
- 12 days |
- 1,211 |
- 69 |
Zillow last checked:
Listing updated:
Listed by:
Mitchel Waring 505-401-9001,
EXP Realty LLC 505-554-3873,
Lance Hamilton Lewis 505-818-1782,
EXP Realty LLC
Source: SWMLS,MLS#: 1104557
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Level: Main
- Area: 2176
- Dimensions: 136 x 16
Kitchen
- Level: Main
- Area: 96
- Dimensions: 12 x 8
Living room
- Level: Main
- Area: 506
- Dimensions: 22 x 23
Heating
- Ductless, Floor Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Double Oven, Dryer, Dishwasher, Free-Standing Electric Range, Refrigerator, Water Softener Owned, Washer
- Laundry: Electric Dryer Hookup
Features
- Beamed Ceilings, Separate/Formal Dining Room, Family/Dining Room, Great Room, Living/Dining Room, Multiple Living Areas, Main Level Primary, Pantry, Sitting Area in Master, Skylights
- Flooring: Brick
- Windows: Wood Frames, Skylight(s)
- Has basement: No
- Number of fireplaces: 4
- Fireplace features: Custom, Wood Burning, Wood BurningStove
Interior area
- Total structure area: 4,397
- Total interior livable area: 4,397 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Glass Enclosed, Open, Patio
- Exterior features: Courtyard, Private Entrance, Privacy Wall, Private Yard
- Fencing: Full
Lot
- Size: 1.27 Acres
Details
- Additional structures: RV/Boat Storage
- Parcel number: 1015067449433
- Zoning description: A-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Adobe
- Roof: Flat
Condition
- Resale
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Map 18
Location
- Region: Corrales
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $297,144
- Annual tax amount: $3,322
- Date on market: 6/1/2026
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$888,400
$844,000 - $933,000
$1,774/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $900,000$205/sqft |
Source:  SWMLS #1104557 Report a problem | ||
| 4/13/2026 | Listing removed | $1,700 |
Source: Zillow Rentals Report a problem | ||
| 3/30/2026 | Listed for rent | $1,700+6.3% |
Source: Zillow Rentals Report a problem | ||
| 3/30/2026 | Listing removed | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 3/12/2026 | Price change | $1,600-5.9% |
Source: Zillow Rentals Report a problem | ||
| 2/14/2026 | Listed for rent | $1,700-5.6% |
Source: Zillow Rentals Report a problem | ||
| 7/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/19/2023 | Price change | $1,800-10% |
Source: Zillow Rentals Report a problem | ||
| 5/23/2023 | Price change | $2,000-4.8% |
Source: Zillow Rentals Report a problem | ||
| 5/17/2023 | Listed for rent | $2,100 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,243 -5.8% | $99,048 +3% |
| 2024 | $3,441 +2.8% | $96,163 +3% |
| 2023 | $3,347 +5.1% | $93,362 +3% |
| 2022 | $3,185 +1.4% | $90,643 +3% |
| 2021 | $3,141 +3.2% | $88,004 +3% |
| 2020 | $3,043 | $85,440 +3% |
| 2019 | -- | $82,953 +3% |
| 2018 | $2,698 -0.1% | $80,537 +3% |
| 2017 | $2,702 | $78,190 +3% |
| 2016 | $2,702 +2.1% | $75,913 |
| 2014 | $2,646 | $75,913 +12.1% |
| 2013 | $2,646 | $67,702 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 87048
Nearby schools
GreatSchools rating
- 8/10Corrales Elementary SchoolGrades: K-7Distance: 0.8 mi
- 3/10Cibola High SchoolGrades: 9-12Distance: 2.8 mi
- 4/10Taylor Middle SchoolGrades: 6-8Distance: 3.8 mi
Schools provided by the listing agent
- Middle: Taylor
- High: Cibola
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Sandoval County
- Corrales
- 87048
- 150 Reed Ln
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