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Off market
  • $376,000

    404 1st St, Magdalena, NM 87825

    8beds
    3,800sqft
    House Plus Unit(s)
    Built in ----
    -- sqft lot
    $376,000 Zestimate®
    $99/sqft
    $845 Estimated rent

    Home value

    $376,000

    $320,000 - $440,000

    $845/mo

    Zestimate® history
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    What's special

    Eat-in kitchen

    Non zoned House/Motel/RV park, multi use property (Magdalena, NM) Situated in the historic village of Magdalena, NM, this charming non-zoned property is located about 1.5 hours from Albuquerque and 20 min away from New Mexico Tech University and the City of Socorro (main major city). The frontage of the property is right along route 60 and consists of 2 separate buildings. The first is a 1780 sq ft house. It boasts 4 bedrooms, 2.5 bathrooms, and an office. It is a quaint 1920’s Adobe style home with 2 wood stove fireplaces, gas heating, unique entrance way and hall, spacious living area and eat-in kitchen with ample cupboard space and a large shelving unit. The flooring is real hardwood, laminate, and carpet. This home has a rich history, operating as a maternity hospital in the 1920’s and in more recent times, a bed and breakfast/motel. The second building consists of 5 1-bedroom, 1-bathroom units, plus an additional suite in one of the units, a laundry room and bonus maid room that can be converted. In total there is 3800 square feet of living space. Linens and furniture are included in the purchase price. In addition to the 2 buildings, the property includes an income producing RV park with 12+ spaces. The RV park has 6 pull throughs, 6 back-ins, a gazebo, firepit, and a space for a single-wide mobile home that is ready to go. Adjacent to the RV park, there is a large workshop/shed/storage that includes many power tools valued in the thousands. The potential uses for this property are a motel, bed and breakfast, family compound, senior living complex, studio, nonprofit organization offices, and RV mobile home park. Additional attributes include city water and sewage. Total property size is ~2 acres. Sky's the limit for the potential uses of this property!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Electric
    Appliances
    • Included: Dryer, Microwave, Refrigerator, Washer
    • Laundry: Washer Hookup, Laundry Equip. Owned, Dryer H/U
    Features
    • Flooring: Carpet, Hardwood, Laminate
    • Windows: Skylight(s)
    • Furnished: Yes
    Interior area
    • Total interior livable area: 3,800 sqft

    Property

    Parking
    • Details: Guest Parking
    Accessibility
    • Accessibility features: Unknown
    Features
    • Exterior features: Stucco, Wood
    Lot
    • Size: 0.73 Acres
    Details
    • Zoning: C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: House Plus Unit(s)
    Materials
    • Roof: Metal
    Details
    • Builder name: Unknown

    Community & neighborhood

    Location
    • Region: Magdalena

    HOA & financial

    Other financial information
    • Total actual rent: 75

    Other

    Other facts
    • Roof: Metal
    • Flooring: Carpet, Laminate, Hardwood
    • Appliances: Refrigerator, Dryer, Microwave, Washer, Dryer H/U, Washer H/U
    • BuilderName: Unknown
    • HeatingYN: true
    • CoolingYN: true
    • Zoning: C-1
    • BusinessType: Residential
    • RoomsTotal: 2
    • ConstructionMaterials: Frame, Stucco, Wood Siding, Adobe
    • OwnerPays: Sewer, Water, Maintenance, Trash Removal, Electric
    • LotSizeSource: Other
    • Cooling: Window Unit(s)
    • ElectricOnPropertyYN: True
    • NumberOfBuildings: 2
    • ParkingFeatures: Guest
    • LaundryFeatures: Washer Hookup, Laundry Equip. Owned, Dryer H/U
    • WindowFeatures: Skylight(s)
    • OtherParking: Guest Parking
    • UnitsFurnished: Varies By Unit
    • AccessibilityFeatures: Unknown
    • LotDimensionsSource: On-Line
    • LivingAreaSource: Professional
    • CommunityFeatures: Laundry Equip. Owned, Satelite Dish, Skylights, Tenant Storage, Walled Complex
    • TenantPays: Other - See Remarks
    • LeaseAmountFrequency: Other - See Remarks
    • PropertySubType: House Plus Unit(s)
    • StructureType: House Plus Unit(s)
    • NumberOfUnitsTotal: 2.00
    • AvailabilityDate: 2020-09-17
    • TaxAnnualAmount: 800.00
    • TotalActualRent: 75.00
    • Available date: 09/17/2020

    Price history

    DateEventPrice
    1/27/2022Listing removed--
    Source: Owner Report a problem
    10/29/2021Listed for sale$495,000$130/sqft
    Source: Owner Report a problem
    6/1/2021Listing removed--
    Source: SWMLS #977206 Report a problem
    9/17/2020Listed for sale$495,000+27.7%$130/sqft
    Source: Coldwell Banker Legacy #977206 Report a problem
    1/1/2019Listing removed$387,500$102/sqft
    Source: Keller Williams Realty Albuquerque Westside #908618 Report a problem
    1/8/2018Listed for sale$387,500-49%$102/sqft
    Source: Keller Williams Realty #908618 Report a problem
    12/15/2009Listing removed$760,000$200/sqft
    Source: Owner Report a problem
    7/15/2009Listed for sale$760,000$200/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 87825

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $376,000
    2% more
    +$7,520
    With Zillow Showcase(estimated)
    $383,520