Build your dream home on this 1.52 acre lot adjacent to the Dale Ball Trails. Your new home will be only 5 minutes from downtown and has great views of the Jemez and Sandia mountains. This is one of the few view lots left in Cerros Colorados with paved access and has underground utilities. Owner/broker would consider OWNER FINANCING.
Lot/land
$135,000
1992 Cerros Colorados, Santa Fe, NM 87501
--beds
--baths
1.52Acres
Residential Land
Built in ----
1.52 Acres Lot
$-- Zestimate®
$--/sqft
$50/mo HOA
What's special
- 355 days
- 81
- 6
Zillow last checked:
Listing updated:
Listed by:
Maria Martinez 505-470-9535,
Varela Real Estate, Inc. 505-982-2525
Source: SFARMLS,MLS#: 202504036
Originating MLS: Santa Fe Association of REALTORS
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Property
Features
- Exterior features: None
Lot
- Size: 1.52 Acres
Details
- Parcel number: 970002074
- Zoning: R-1, 2, 3, 4, 5, 6
- Zoning description: residential
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available, Electricity Available
Community & HOA
Community
- Subdivision: Cerros Colorados
HOA
- Has HOA: Yes
- Services included: Road Maintenance
- HOA fee: $600 annually
Location
- Region: Santa Fe
Financial & listing details
- Tax assessed value: $115,118
- Annual tax amount: $1,246
- Date on market: 9/9/2025
- Listing terms: Cash,Conventional,1031 Exchange,New Loan,Owner Will Carry
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $135,000-15.6% |
Source: | ||
| 9/9/2025 | Listed for sale | $160,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,246 -11.6% | $115,118 -12.3% |
| 2024 | $1,409 +0.2% | $131,254 |
| 2023 | $1,407 -1.6% | $131,254 |
| 2022 | $1,429 +4.3% | $131,254 +5% |
| 2021 | $1,370 +0.7% | $125,000 +200% |
| 2020 | $1,361 -17% | $41,667 -16.7% |
| 2019 | $1,640 -0.3% | $50,000 +0% |
| 2018 | $1,645 | $49,999 |
| 2017 | $1,645 -0.7% | $49,999 0% |
| 2016 | $1,656 | $50,000 |
| 2015 | $1,656 +4.3% | $50,000 +0.1% |
| 2014 | $1,587 | $49,950 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 87501
Nearby schools
Schools provided by the listing agent
- Elementary: Atalaya
- Middle: Milagro
- High: Santa Fe
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






