Prime Property on Madrid’s Main Strip !!
Discover an exceptional opportunity in the heart of Madrid, NM! This 3-bedroom, 1-bathroom property is ideally located on the vibrant main strip, offering unmatched potential as both a residence and a commercial space. Zoned for both uses, this home is perfect for an art studio, gallery, or creative business venture. The Casita is a great rental opportunity. The home has been thoughtfully updated with numerous upgrades, blending modern comforts with Madrid’s unique charm. A standout feature is the custom-built catio, new butcher block ,new counter tops and cabinets, upgraded appliances. Home also has upgraded electrical, 220 Amp. Seller spent around 23,000 upgrading the home. The Home boast tons of storage space, the attic plus the outdoor shed. Whether you’re looking to live, work, or create in one of New Mexico’s most artistic communities, this property offers endless possibilities. Don’t miss this rare chance to own a piece of Madrid’s rich culture and history! ASSUMABLE VA LOAN AT 4.5%, SELLER IS ASKING FOR 23% DOWN. Take advantage of this rare opportunity to save on today's mortgage market!
Sold
Price Unknown
2884 State Highway 14, Cerrillos, NM 87010
3beds
1,476sqft
Single Family Residence
Built in 1912
6,969 Square Feet Lot
$378,500 Zestimate®
$--/sqft
$1,984 Estimated rent
Home value
$378,500
$337,000 - $424,000
$1,984/mo
Zestimate® history
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List your homeWhat's special
Tons of storage spaceCustom-built catioNew butcher blockNew counter topsVibrant main stripUpgraded appliances
Zillow last checked:
Listing updated:
Listed by:
Carlos I. Gutierrez-Pacheco 505-920-1400,
Keller Williams Realty
Bought with:
Samantha Scarborough, 54294
Keller Williams Realty
Source: SFARMLS,MLS#: 202404745
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Fireplace(s), Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer
Features
- Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,476
- Total interior livable area: 1,476 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 1
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6,969 Square Feet
Details
- Additional structures: Guest House Detached
- Parcel number: 76004012
- Zoning description: Residential/commercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Roof: Flat
Condition
- Year built: 1912
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Water: Community/Coop
Community & HOA
HOA
- Has HOA: Yes
- Services included: Other, See Remarks
- HOA fee: $25 annually
Location
- Region: Cerrillos
Financial & listing details
- Tax assessed value: $283,285
- Annual tax amount: $1,715
- Date on market: 11/13/2024
- Cumulative days on market: 131 days
- Listing terms: Assumable,Cash,Conventional,New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | -- |
Source:  SFARMLS #202404745 Report a problem | ||
| 3/29/2025 | Pending sale | $399,000$270/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 2/18/2025 | Price change | $399,000-0.3%$270/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 1/28/2025 | Price change | $400,000-1.2%$271/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 12/11/2024 | Price change | $405,000-1.9%$274/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 12/2/2024 | Price change | $413,000-2.8%$280/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 11/29/2024 | Price change | $425,000-2.7%$288/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 11/15/2024 | Listed for sale | $437,000+31.2%$296/sqft |
Source: SFARMLS #202404745 Report a problem | ||
| 4/29/2022 | Sold | -- |
Source: SFARMLS #202200586 Report a problem | ||
| 3/16/2022 | Pending sale | $333,000$226/sqft |
Source: SFARMLS #202200586 Report a problem | ||
| 3/8/2022 | Listing removed | -- |
Source: SFARMLS #202200586 Report a problem | ||
| 2/28/2022 | Listed for sale | $333,000$226/sqft |
Source: SFARMLS #202200586 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,715 -8.5% | $283,285 -1% |
| 2024 | $1,875 -0.5% | $286,003 +2.5% |
| 2023 | $1,883 +77.9% | $279,109 +83.3% |
| 2022 | $1,059 +2.1% | $152,230 +3% |
| 2021 | $1,037 +0.2% | $147,797 +202.8% |
| 2020 | $1,034 +2.1% | $48,811 +3% |
| 2019 | $1,013 -3.3% | $47,389 -2.8% |
| 2018 | $1,047 | $48,768 |
| 2017 | $1,047 +0.5% | $48,768 +94.5% |
| 2016 | $1,041 | $25,074 +3% |
| 2015 | $1,041 +96.7% | $24,344 +3.1% |
| 2014 | $529 +23.7% | $23,611 |
| 2013 | $428 +1.6% | -- |
| 2012 | $421 -0.9% | -- |
| 2011 | $425 +2.6% | -- |
| 2010 | $414 +4.9% | -- |
| 2009 | $395 +3.9% | -- |
| 2008 | $380 +1.7% | -- |
| 2005 | $374 +9.3% | -- |
| 2004 | $342 -7.2% | -- |
| 2003 | $368 +5.6% | -- |
| 2002 | $349 -4.5% | -- |
| 2001 | $365 +3.5% | -- |
| 2000 | $353 | $20,073 |
Find assessor info on the county website
Neighborhood: 87010
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Nearby schools
GreatSchools rating
- 4/10Amy Biehl Community School At Rancho ViejoGrades: PK-6Distance: 15.5 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 19.9 mi
- NASanta Fe EngageGrades: 9-12Distance: 17.4 mi
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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Estimated market value
$378,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$378,500
- New Mexico
- Santa Fe County
- Cerrillos
- 87010
- 2884 State Highway 14
Nearby cities
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Other Cerrillos Topics
