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For sale
  • $500,000

    1 Opera House Rd, Cerrillos, NM 87010

    3beds
    1,750sqft
    : 
    Single Family Residence
    Built in ----
    6,969.6 Square Feet Lot
    $-- Zestimate®
    $286/sqft
    $2/mo HOA

    What's special

    Original hardwood floorsUpgraded kitchenTwo upstairs bedroomsNewer metal propanel roofGranite countertopsWood stoveGas range
    This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity.  Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof.  The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage, while the guest house features its own stackable washer/dryer. Additional storage is available in the outbuilding and walk-in crawl space.  A fenced yard provides shade and a secure space for pets. From the classic front porch, enjoy views of the vibrant historic village and the scenic Turquoise Trail. The location offers easy walkability to restaurants, galleries, and the general store, with Cerrillos State Park nearby and convenient access to both Santa Fe and Albuquerque
    5 days
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    377
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    10
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    Zillow last checked: 8 hours ago

    Listing updated: February 27, 2026 at 10:28am

    Listed by:

    Cynthia C. Sheff 505-470-6114,

    Sotheby's Int. RE/Grant 505-988-2533,

    Michael S. Sanford 505-916-6644,

    Barker Realty, LLC

    Source: SFARMLS,MLS#: 202600581MLS LogoOriginating MLS: Santa Fe Association of REALTORS

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Propane, Passive Solar, Wood Stove, Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Dryer, Oven, Range, Refrigerator, Water Heater, Washer
    Features
    • Interior Steps
    • Flooring: Flagstone, Tile, Wood
    • Windows: Insulated Windows
    • Has basement: No
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning, Wood BurningStove
    Interior area
    • Total structure area: 1,750
    • Total interior livable area: 1,750 sqft

    Property

    Parking
    • Total spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 6,969.6 Square Feet
    Details
    • Additional structures: Guest House Detached
    • Parcel number: 076004074
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other,See Remarks
    • Property subtype: Single Family Residence
    Materials
    • Frame, Other, Wood Siding
    • Roof: Metal,Pitched

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Community/Coop
    • Utilities for property: High Speed Internet Available, Electricity Available

    Community & HOA

    Community
    • Subdivision: Madrid Townsite
    HOA
    • Has HOA: Yes
    • Amenities included: Other, See Remarks
    • Services included: Common Areas, Road Maintenance
    • HOA fee: $20 annually
    Location
    • Region: Cerrillos

    Financial & listing details

    • Price per square foot: $286/sqft
    • Tax assessed value: $258,358
    • Annual tax amount: $1,296
    • Date on market: 2/27/2026
    • Listing terms: Cash,Conventional,New Loan
    • Electric utility on property: Yes

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    2/27/2026Listed for sale$500,000+179.3%$286/sqft
    Source: SFARMLS #202600581 Report a problem
    4/3/2014Listing removed$179,000$102/sqft
    Source: Santa Fe Properties #201302829 Report a problem
    10/18/2013Listed for sale$179,000$102/sqft
    Source: Santa Fe Properties #201302829 Report a problem
    9/16/2013Listing removed$179,000$102/sqft
    Source: Santa Fe Properties #201302829 Report a problem
    8/15/2013Price change$179,000-1.6%$102/sqft
    Source: Santa Fe Properties #201302829 Report a problem
    8/2/2013Listed for sale$182,000+10.3%$104/sqft
    Source: Santa Fe Properties #201302829 Report a problem
    9/16/2011Listing removed$165,000$94/sqft
    Source: Santa Fe Properties #201101970 Report a problem
    8/13/2011Price change$165,000-7.8%$94/sqft
    Source: Santa Fe Properties #201101970 Report a problem
    7/16/2011Listed for sale$179,000-5.3%$102/sqft
    Source: Santa Fe Properties #201101970 Report a problem
    6/9/2011Listing removed$189,000$108/sqft
    Source: Santa Fe Properties #201101970 Report a problem
    4/27/2011Listed for sale$189,000$108/sqft
    Source: Santa Fe Properties #201101970 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$1,296 -0.1%$185,348 +3%
    2023$1,298 +2.6%$179,950 +3%
    2022$1,265 +2%$174,709 +3%
    2021$1,240 +2.3%$169,622 +209%
    2020$1,213 +2%$54,894 +3%
    2019$1,189 +2.7%$53,296 +3%
    2018$1,158 $51,744 +3%
    2017$1,158 +3.5%$50,237 +3%
    2016$1,119 $48,773 +3%
    2015$1,119 +8.6%$47,353 +146.5%
    2014$1,030 +195.7%$19,211
    2013$348 +1.6%--
    2012$343 -0.9%--
    2011$346 +1%--
    2010$343 +4.6%--
    2009$328 +3.4%--
    2008$317 +1.7%--
    2005$312 +9.3%--
    2004$285 -7.2%--
    2003$307 +5.6%--
    2002$291 -4.5%--
    2001$305 +3.5%--
    2000$294 $16,739

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,788/mo
    Principal & interest
    $2578
    Property taxes
    $208
    HOA Fees
    $2

      Climate risks

      Neighborhood: 87010

      Getting around

      30 / 100
      Car-Dependent
      10 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Amy Biehl Community
      • Middle: Capshaw
      • High: Capital

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

      Local experts in 87010

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