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Off market
  • $390,500

    506 E Main St, Red River, NM 87558

    3beds
    1,500sqft
    Townhouse
    Built in 1981
    1,306 Square Feet Lot
    $390,500 Zestimate®
    $260/sqft
    $2,562 Estimated rent

    Home value

    $390,500

    $359,000 - $426,000

    $2,562/mo

    Zestimate® history
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    $1,758/mo

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    $1,758/mo

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    What's special

    What a challenge to find a property like this in sought-after Red River! This 1,500-square-foot townhome right on MAIN STREET is the perfect solution to someone wanting a second home that can also generate income currently as a successful vacation rental. This alpine design features an open floor plan with three bedrooms and three bathrooms, and a sleeping loft above the third level. The first level is a spacious studio apartment with full kitchen and bathroom that can be locked off from the rest of the townhouse to create a separate rental, making this townhouse perfect for various living arrangements for income potential gains. The second level has two large bedrooms and a renovated bathroom along with the full size washer and dryer laundry area. Washer and dryer convey with sale. Up to the third level is the open-concept kitchen with oversized eat-in bar, renovated guest bathroom and large living room with vaulted ceilings, wood-burning two-story stone fireplace, and balcony overlooking Main Street with spectacular mountain views. Large wooden staircase leads to the sleeping loft overlooking the living area below allowing for additional getaway flex space. Renovations include new paint, granite countertops in the bathrooms, porcelain tile in the bathrooms and kitchen, new water heater, new baseboard heaters, rustoleum epoxy kitchen countertops, which look like granite but are more durable, burn resistant and scratch resistant, and all new window screens. Two parking spaces are directly in front for easy access to the townhome, and the entry has a drop-off space for all of that ski equipment. Property has year-round rental capability, allowing nightly and monthly rentals, and currently can sleep up to 16 guests. Situated along the famed Enchanted Circle - near Taos, Albuquerque and Santa Fe - Red River is a year-round mountain vacation destination for skiers, hikers, bikers, anglers, and families looking to relax and reconnect in a small town. Walking distance to all of the wonderful shops and restaurants, AND to the ski lifts with minimal lift lines and fresh powder stashes that last days after a storm. In summer, enjoy the aerial adventure ropes course, zip line and scenic lift rides. Property is being sold fully furnished down to the towels, plates and silverware, allowing for immediate move-in and continuing rental reservations currently being managed by Reservations Unlimited on Main Street. Seller is offering a $4,000 carpet allowance at closing.

    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: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric
    Features
    • Flooring: Tile, Carpet
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,500 sqft

    Property

    Features
    • Exterior features: Stucco, Wood
    Lot
    • Size: 1,306 sqft
    Details
    • Zoning: Res-High density-nightly rental

    Construction

    Type & style
    • Home type: Townhouse
    Materials
    • Roof: Pitched
    Condition
    • Year built: 1981

    Utilities & green energy

    • Electric: Yes
    • Utilities for property: Cable

    Community & neighborhood

    Location
    • Region: Red River

    Other

    Other facts
    • CEILING: Vaulted Ceilings
    • DRIVEWAY: Concrete, Paved
    • ELECTRIC: Yes
    • FIREPLACE: One, Family Room
    • FLOORS: Tile, Carpet
    • HEATING: Fireplace, Electric Baseboard
    • ING/EG: Public
    • INTERIOR AMENITIES: Smoke Detector(s), Ceiling Fan(s), Part. Window Cov
    • PORCH/PATIO: Deck
    • POSSESSION: Funding
    • RENTAL INFO: Management Off-Site
    • ROOF TYPE: Pitched
    • STYLE: Chalet
    • UTILITIES: Cable
    • WATER: Town
    • WATER HEATER: Electric
    • List Type: ERS
    • FOUNDATION: Yes
    • LOT DESCRIPTIONS: View, Level
    • EXTERIOR FINISH: Wood, Stucco
    • PHONE: Nearby
    • SUBFLOOR: Slab
    • LAND COVER: Other
    • CONSTRUCTION: Frame
    • WINDOWS: Screens
    • ROOF MATERIAL: Shingle
    • Zoning: Res-High density-nightly rental

    Price history

    DateEventPrice
    7/10/2022Listing removed--
    Source: Enchanted Circle #108846 Report a problem
    6/15/2022Listed for sale$449,000+63.3%$299/sqft
    Source: Enchanted Circle #108846 Report a problem
    4/13/2020Listing removed$275,000$183/sqft
    Source: High Country Real Estate Services Inc #104767 Report a problem
    2/24/2020Listed for sale$275,000+38.2%$183/sqft
    Source: High Country Real Estate Services Inc #104767 Report a problem
    4/13/2017Listing removed$199,000$133/sqft
    Source: Calhoun Real Estate #99168 Report a problem
    10/15/2016Listed for sale$199,000-20.1%$133/sqft
    Source: Calhoun Real Estate #99168 Report a problem
    4/2/2016Listing removed$249,000$166/sqft
    Source: Calhoun Real Estate #96559 Report a problem
    4/17/2015Listed for sale$249,000$166/sqft
    Source: Calhoun Real Estate #96559 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 87558

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Red River Valley Charter
    • High: Red River Valley Charter

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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