For sale

Price cut: $26K (7/3)

$549,000

2882 State Highway 14, Cerrillos, NM 87010

3beds

2,129sqft

$3,248/mo

Get pre-qualified

Single Family Residence

Built in 1967

7,405 Square Feet Lot

$543,100 Zestimate^®

$258/sqft

$-- HOA

What's special

This stunning Madrid home is waiting for its artist, offering both residential and commercial potential on two side by side lots. The charming home sits up high off the main drag, right on the Turquoise Trail. The large deck out front offers great entertainment potential with wonderful views and lots of privacy. This home offers an open floorplan, including a large kitchen, a bedroom and office downstairs, and a large master suite with a walk in closet upstairs. There is plenty of natural light, as well as a whole home water filtration system, including reverse osmosis under the kitchen sink. The large side yard is tastefully landscaped and has a small outbuilding, perfect for an artist studio or gallery. Access and offstreet parking is available off of Ice House Rd.

42 days

343

17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Upper
Area: 570
Dimensions: 30 x 19

Kitchen

Level: Main
Area: 110
Dimensions: 10 x 11

Living room

Level: Main
Area: 228
Dimensions: 12 x 19

Heating

Ductless, Multiple Heating Units, Wall Furnace

Cooling

Ductless

Appliances

Included: Dryer, Free-Standing Gas Range, Refrigerator, Washer
Laundry: Propane Dryer Hookup

Features

Beamed Ceilings, Breakfast Bar, Home Office, Skylights, Tub Shower, Walk-In Closet(s)
Flooring: Tile, Wood
Windows: Vinyl, Skylight(s)
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,129
Total interior livable area: 2,129 sqft

Property

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Balcony, Deck
Exterior features: Balcony, Deck, Private Entrance, Propane Tank - Leased
Fencing: Full
Has view: Yes

Lot

Size: 7,405 Square Feet
Features: Landscaped, Few Trees, Views

Details

Additional structures: Outbuilding, Shed(s), Storage
Parcel number: 076004010
Zoning description: R-1

Construction

Type & style

Home type: SingleFamily
Architectural style: Custom
Property subtype: Single Family Residence

Materials

Frame, Stucco, Rock
Roof: Metal

Condition

Resale
New construction: No
Year built: 1967

Utilities & green energy

Sewer: Septic Tank
Water: Community/Coop
Utilities for property: Electricity Connected, Propane, Water Connected

Green energy

Energy generation: None

Community & HOA

Location

Region: Cerrillos

Financial & listing details

Price per square foot: $258/sqft
Tax assessed value: $472,563
Annual tax amount: $3,277
Date on market: 7/3/2026
Cumulative days on market: 121 days
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Asphalt

Estimated market value

$543,100

$516,000 - $570,000

$2,578/mo

Price history

Date	Event	Price
7/3/2026	Price change	$549,000-4.5%$258/sqft
Source: SWMLS #1106631 Report a problem
4/16/2026	Listed for sale	$575,000+4.9%$270/sqft
Source: SWMLS #1101739 Report a problem
10/2/2023	Sold	--
Source: SFARMLS #202338727 Report a problem
8/21/2023	Pending sale	$548,000$257/sqft
Source: SWMLS #1036846 Report a problem
8/18/2023	Price change	$548,000-4.7%$257/sqft
Source: SWMLS #1036846 Report a problem
7/19/2023	Price change	$575,000-3.7%$270/sqft
Source: SWMLS #1036846 Report a problem
6/24/2023	Listed for sale	$597,000$280/sqft
Source: SWMLS #1036846 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,277 -1.9%	$472,563 -1%
2024	$3,339 +70.3%	$477,369 +71.8%
2023	$1,960 +2.7%	$277,819 +3%
2022	$1,909 +2%	$269,728 +3%
2021	$1,871 -0.7%	$261,873 +200%
2020	$1,885 +308%	$87,291 +284.5%
2019	$462 +3%	$22,702 +3%
2018	$449	$22,041 +3%
2017	$449 +3.9%	$21,399 +3%
2016	$432	$20,776 +3%
2015	$432 +9.3%	$20,171 +3.1%
2014	$395 +24.5%	$19,564
2013	$317 +1.6%	--
2012	$312 -1%	--
2011	$315 +1%	--
2010	$312 +5.1%	--
2009	$297 +3.8%	--
2008	$286 +2.5%	--
2005	$279 +9.3%	--
2004	$256 -7.2%	--
2003	$275 +5.6%	--
2002	$261 -4.5%	--
2001	$273 +3.5%	--
2000	$264	$17,006