2863 NM 14 Highway, Madrid, NM 87010
Madrid Townsite · Santa Fe County
Key Facts
Description
Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow
Year Built
1931
Living Area
1,581 sq ft
Lot Size
0.16 acres
Parking Spaces
3
Zoning
Historic
Days on Market
11
MLS® Listing#
202602542
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Schools
- Elementary:
- Amy Biehl Community
- Middle:
- Milagro
- High:
- Santa Fe
Financial Details
HOA
None
Parcel Number
076003984
Directions
From Santa Fe take NM 14/ Turquoise Trail 28 miles south to Madrid. 2863 NM 14 is on the right hand side Range West Gallery.
Affordability Calculator
$175,000
Estimated monthly payment
$4,657/mo
Principal $700,000 · Est. interest $976,562 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madrid, NM
- $650,000
- Median Listing Price
- 116
- Median Days on Market
- 1,362
- Median Sq Ft
- $409
- Median Price / Sq Ft
- 7
- Active Listings
- This home’s price is 35% above the area median.
- Its price per sq ft is 35% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madrid, NM.
Location
Points of Interest in Madrid, NM
Showing the Madrid area map.
Nearby Schools
Turquoise Trail Charter School
Elementary · 10.3 mi away
Santo Domingo School
School · 10.7 mi away
Amy Biehl Community School
Elementary · 15.6 mi away
San Felipe Pueblo Elementary School
Elementary · 15.9 mi away
Nina Otero Community School
Elementary · 16.0 mi away
Santo Nino Regional Catholic School
School · 16.1 mi away
Little Paws Head Start
School · 16.2 mi away
Capital High School
Secondary · 16.2 mi away
El Dorado Community School
Elementary · 16.4 mi away
Cesar Chavez Elementary School
Elementary · 16.5 mi away
Santa Fe School A S
Secondary · 16.6 mi away
Ortiz Middle School
Elementary · 16.7 mi away
Monte del Sol Charter School
Secondary · 17.0 mi away
Flores del Sol Head Start
School · 17.1 mi away
Sweeney Elementary School
Elementary · 17.1 mi away
Santa Fe Christian Academy
School · 17.3 mi away
New Mexico Connections Academy
School · 17.4 mi away
Ramirez Thomas Elementary School
Elementary · 17.7 mi away
Pinon Elementary School
Elementary · 18.0 mi away
South Mountain Elementary School
Elementary · 18.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 115 Waldo Mesa, Madrid, NM | $795,000 | 3 | 3 | 4,474 |
Moving Cost Estimate
EXIT Agents in Madrid
Listing Courtesy: Keller Williams Realty - 5059835151