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For sale
  • $385,000

    40 County Road 23, Espanola, NM 87532

    2beds
    1,512sqft
    : 
    $2,408/mo
    Get pre-qualified
    Single Family Residence
    Built in 1961
    0.77 Acres Lot
    $-- Zestimate®
    $255/sqft
    $-- HOA

    What's special

    Traditional fireplaceFenced propertyBermed-in hay barnSmall loafing shedTwo wood-burning stovesOutbuilding storageAttached tack shed
    This horse/animal friendly property is located in La Mesilla on 0.77 acres (near the Espanola/Santa Fe corridor) provides straightforward commuter access to Santa Fe, Los Alamos, and Taos. Consisting of approximately 1,512 sq.ft., this unique, characterfilled 2-bedroom, 2-bathroom adobe home features hand-stenciled wood flooring, two wood-burning stoves, and a traditional fireplace. These custom, creative touches throughout the home give it the feel of an "up-cycled farmhouse" ideal for artists or buyers seeking the Northern New Mexico rustic aesthetic. The equestrian/livestock setup includes a fenced property with an upper portion designated specifically for animal pens. A nearby bermed-in hay barn accompanies an attached tack shed and a small loafing shed. The entire property backs up to nearby BLM land with vast views of the nearby Black Mesa ideal for off-property horseback riding or quiet sunset hiking. The 0.77-acre lot offers ample buffer space, outbuilding storage, and room for gardening, studio space, or outdoor living additions complete with a private well in place. Private and quiet, the scenery invites one’s creativity to unfold, ideal for those looking for a simple artists retreat.
    7 days
    358
    21

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Gary Bobolsky 505-470-0927,

    Sotheby's Int. RE/Washington 505-988-8088

    Source: SFARMLS,MLS#: 202604600MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Heating
      • Fireplace(s), Natural Gas, Wood Stove, Wall Furnace
      Cooling
      • None
      Appliances
      • Included: Oven, Range, Refrigerator
      Features
      • No Interior Steps
      • Flooring: Tile, Wood
      • Has basement: No
      • Has fireplace: No
      • Fireplace features: Wood Burning, Wood BurningStove
      Interior area
      • Total structure area: 1,512
      • Total interior livable area: 1,512 sqft

      Property

      Parking
      • Total spaces: 1
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Horse Facilities
      Lot
      • Size: 0.77 Acres
      Details
      • Additional structures: Barn(s), Outbuilding, Stable(s), Storage
      • Parcel number: 1047118270035
      • Special conditions: Standard
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Northern New Mexico,One Story
      • Property subtype: Single Family Residence
      Materials
      • Adobe, Block, Stucco
      • Roof: Bitumen,Flat,Membrane,Other,See Remarks
      Condition
      • Year built: 1961

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Security: Security Gate
      HOA
      • Has HOA: No
      Location
      • Region: Espanola

      Financial & listing details

      • Price per square foot: $255/sqft
      • Tax assessed value: $127,013
      • Annual tax amount: $1,062
      • Date on market: 10/29/2026
      • Listing terms: Cash,Conventional,1031 Exchange,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/29/2026Listed for sale$385,000+30.5%$255/sqft
        Source: SFARMLS #202604600 Report a problem
        11/6/2018Listing removed$295,000$195/sqft
        Source: Santa Fe Properties #201803764 Report a problem
        10/24/2018Price change$295,000-1.3%$195/sqft
        Source: Santa Fe Properties #201803764 Report a problem
        8/29/2018Price change$299,000-5.1%$198/sqft
        Source: Santa Fe Properties #201803764 Report a problem
        8/3/2018Listed for sale$315,000$208/sqft
        Source: Santa Fe Properties #201803764 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,062 +12.2%$42,338 +3%
        2024$946 +1.3%$41,105 +3%
        2023$934 +6.6%$39,908 +3%
        2022$876 +14.9%$38,745 +3%
        2021$762 +1.8%$37,617 +3%
        2020$749 $36,521 +3%
        2019$749 +18.9%$35,457 -0.9%
        2018$630 -5.1%$35,792 -1.8%
        2017$664 -8.4%$36,462 -1.8%
        2016$725 $37,131 +0.2%
        2015$725 +10.6%$37,062 +3%
        2014$655 +6.9%$35,983 +9.3%
        2011$613 +30.3%$32,930
        2009$470 $32,930
        Find assessor info on the county website

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        Climate risks

        Neighborhood: 87532

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