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
:
Get pre-qualified$5,755/mo
Single Family Residence
Built in 1970
1.27 Acres Lot
$859,100 Zestimate®
$205/sqft
$-- HOA
What's special
Timeless new mexico characterAuthentic adobe compoundDetached aduPeaceful private settingMature trees
- 57 days |
- 737 |
- 24 |
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
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: 57 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$859,100
$816,000 - $902,000
$2,669/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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
- $1,7001 bd2 ba1.2k sqft150 Reed Ln #B, Corrales, NM 87048For Rent
- $--1 bd2 ba1.2k sqft150 Reed Ln #A, Corrales, NM 87048Off Market
- $348,2001 bd1 ba-- sqft150 Reed Ln #C, Corrales, NM 87048Off Market
- $--3 bd3 ba2.4k sqft151 Reed Ln, Corrales, NM 87048Sold
- $--1 Acres0 Old Church Rd, Corrales, NM 87048Off Market
- $815,7003 bd2 ba2.1k sqft280 Old Church Rd, Corrales, NM 87048Off Market
- $412,5004 bd3 ba413 sqft697 W Ella Dr, Corrales, NM 87048Off Market
- $363,7251 Acres118 Reed Ln, Corrales, NM 87048Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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