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For sale
    • $540,000

    2864 State Highway 14, Cerrillos, NM 87010

    3beds
    2,791sqft
    : 
    $3,197/mo
    Get pre-qualified
    Single Family Residence
    Built in 1920
    7,840 Square Feet Lot
    $-- Zestimate®
    $193/sqft
    $2/mo HOA

    What's special

    Brand new roof
    Unique residential, live-work or investment opportunity in downtown Madrid. Versatile mixed-use property with storefront and multiple residential units. Discover endless possibilities with this mixed-use property, ideally located in the heart of downtown Madrid. Anchored by an approximately 1,400-square-foot storefront, the space is ideal for retail and enjoys a high foot traffic area. Recent improvements include a brand new roof and updates to the electrical and plumbing systems, providing peace of mind for the next owner. Beyond the storefront, the property features three distinct residential spaces: a 320-square-foot upstairs studio apartment, a 612-square-foot downstairs one-bedroom apartment, and a 477-square-foot one-bedroom casita at the rear. Courtyards separate the casita from the main building, offering functional outdoor space. Whether you are looking for a live-work arrangement, seeking rental income, or considering a unique investment, this property is ready for its next chapter. Come see today and explore the opportunity in vibrant downtown Madrid!
    14 days
    |
    350
    |
    27
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael S. Sanford 505-916-6644,

    Barker Realty, LLC 505-982-9836

    Source: SFARMLS,MLS#: 202603380MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 3/4 bathrooms: 1
      Heating
      • Propane
      Cooling
      • None, Refrigerated, Window Unit(s)
      Appliances
      • Included: Oven, Range, Refrigerator, Water Heater
      Features
      • Interior Steps
      • Flooring: Flagstone, Tile, Wood
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 2,791
      • Total interior livable area: 2,791 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 5
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 7,840 Square Feet
      Details
      • Additional structures: Guest House Detached, Studio Attached
      • Parcel number: 079100952
      • Zoning: Other
      • Zoning description: Traditional Community with/in the Madrid Commercial Overlay
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Northern New Mexico,Other,See Remarks
      • Property subtype: Single Family Residence
      Materials
      • Frame
      • Roof: Metal,Shingle
      Condition
      • Unknown
      • Year built: 1920

      Utilities & green energy

      • Sewer: Septic Tank
      • Utilities for property: Electricity Available

      Community & HOA

      HOA
      • Has HOA: No
      • Services included: Other, See Remarks
      • HOA fee: $20 annually
      Location
      • Region: Cerrillos

      Financial & listing details

      • Price per square foot: $193/sqft
      • Tax assessed value: $350,219
      • Annual tax amount: $3,357
      • Date on market: 8/1/2026
      • Listing terms: Cash,Conventional,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/1/2026Listed for sale$540,000-1.6%$193/sqft
        Source: SFARMLS #202603380 Report a problem
        5/3/2026Listing removed$549,000$197/sqft
        Source: SFARMLS #202504684 Report a problem
        12/4/2025Price change$549,000-7.7%$197/sqft
        Source: SFARMLS #202504165 Report a problem
        10/14/2025Listed for sale$595,000+50.6%$213/sqft
        Source: SFARMLS #202504165 Report a problem
        9/30/2020Listing removed$395,000$142/sqft
        Source: Cholla Properties #201803497 Report a problem
        8/19/2020Listed for sale$395,000$142/sqft
        Source: Cholla Properties #201803497 Report a problem
        6/15/2020Listing removed$395,000$142/sqft
        Source: Cholla Properties #201803497 Report a problem
        5/24/2020Listed for sale$395,000-18.6%$142/sqft
        Source: Cholla Properties #201803497 Report a problem
        9/5/2017Listing removed$485,000$174/sqft
        Source: Sotheby's International Realty - Main Downtown #201701268 Report a problem
        3/29/2017Listed for sale$485,000$174/sqft
        Source: Sotheby's Int. RE/Washington #201701268 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,357 -2.6%$350,219 -3.1%
        2024$3,447 -18.4%$361,419 -20.5%
        2023$4,227 +6.6%$454,515 +7.7%
        2022$3,966 -0.9%$422,028 -0.5%
        2021$4,001 -1.5%$424,073 +195.8%
        2020$4,060 +1%$143,387 +0.9%
        2019$4,022 +0.4%$142,073 +0.4%
        2018$4,007 $141,530 +0.4%
        2017$4,007 +0.4%$141,000 +28.6%
        2016$3,992 $109,600
        2015$3,992 +35.1%$109,600 +0.1%
        2014$2,955 +788%$109,490
        2005$333 +6.3%--
        2004$313 -9.6%--
        2003$346 +2.9%--
        2002$337 -4.5%--
        2001$353 +3.5%--
        2000$340 $23,370
        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.
        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.
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        Climate risks

        Neighborhood: 87010

        Getting around

        31 / 100
        Car-Dependent
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Amy Biehl Community
        • 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.

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