This beautiful home sits right in the perfect location to enjoy all that Chama has to offer. Only a small walk from the train deport, restaurants and downtown businesses, this location is PERFECT! Currently used as a vacation home, this home sits in the commercial district of Chama. Used in the past as a business, museum for the Cumbres & Toltec Scenic Railroad, and residence, the options are endless. Whether looking to open a business, own a long or short term rental or use the home as you please, the can let your dreams go wild. As they say, LOCATION, LOCATION, LOCATION, this is the perfect location to set your roots in the beautiful Village of Chama.
For sale
Price cut: $10K (6/26)
$159,000
701 Terrace Ave, Chama, NM 87520
1beds
673sqft
Single Family Residence
Built in ----
4,356 Square Feet Lot
$-- Zestimate®
$236/sqft
$-- HOA
What's special
- 92 days |
- 385 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Gallegos 575-209-1751,
Rooted Realty Co. 505-702-2961
Source: New Mexico MLS,MLS#: 20263056
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Has fireplace: No
Interior area
- Total structure area: 673
- Total interior livable area: 673 sqft
Property
Features
- Fencing: Wood
- Has view: Yes
Lot
- Size: 4,356 Square Feet
- Topography: Wood, Irregular Lot
Details
- Parcel number: 1017184260267
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Metal
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Chama
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $86,404
- Annual tax amount: $874
- Date on market: 5/23/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: Refrigerator
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,386/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Listed for sale | $159,000$236/sqft |
Source:  New Mexico MLS #20263056 Report a problem | ||
| 7/16/2026 | Pending sale | $159,000$236/sqft |
Source: New Mexico MLS #20263056 Report a problem | ||
| 6/26/2026 | Price change | $159,000-5.9%$236/sqft |
Source: New Mexico MLS #20263056 Report a problem | ||
| 5/23/2026 | Price change | $169,000+99.1%$251/sqft |
Source: New Mexico MLS #20263056 Report a problem | ||
| 7/6/2021 | Pending sale | $84,900$126/sqft |
Source:  SFARMLS #202102422 Report a problem | ||
| 6/10/2021 | Listed for sale | $84,900$126/sqft |
Source: SFARMLS #202102422 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $849 +12.3% | $28,801 +3% |
| 2024 | $756 -2.6% | $27,963 +3% |
| 2023 | $776 +14% | $27,148 +3% |
| 2022 | $681 +57.7% | $26,358 +43.1% |
| 2021 | $432 +12% | $18,421 +3% |
| 2020 | $385 | $17,885 +1.5% |
| 2019 | $385 | $17,628 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87520
Nearby schools
GreatSchools rating
- 2/10Chama Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10Escalante Middle/High SchoolGrades: 7-12Distance: 13.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
