Prime Property on Madrid’s Main Strip !!
Discover an exceptional opportunity in the heart of Madrid, NM! This 3-bedroom, 1-bathroom property is ideally located on the vibrant main strip, offering unmatched potential as both a residence and a commercial space. Zoned for both uses, this home is perfect for an art studio, gallery, or creative business venture. The Casita is a great rental opportunity. The home has been thoughtfully updated with numerous upgrades, blending modern comforts with Madrid’s unique charm. A standout feature is the custom-built catio, new butcher block ,new counter tops and cabinets, upgraded appliances. Home also has upgraded electrical, 220 Amp. Seller spent around 23,000 upgrading the home. The Home boast tons of storage space, the attic plus the outdoor shed. Whether you’re looking to live, work, or create in one of New Mexico’s most artistic communities, this property offers endless possibilities. Don’t miss this rare chance to own a piece of Madrid’s rich culture and history! ASSUMABLE VA LOAN AT 4.5%, SELLER IS ASKING FOR 23% DOWN. Take advantage of this rare opportunity to save on today's mortgage market!
Pending
Price cut: $1K (2/18)
$399,000
2884 State Highway 14, Cerrillos, NM 87010
3beds
1,476sqft
Est.:
Single Family Residence
Built in 1912
6,969.6 Square Feet Lot
$-- Zestimate®
$270/sqft
$2/mo HOA
What's special
Tons of storage spaceCustom-built catioNew butcher blockNew counter topsVibrant main stripUpgraded appliances
- 162 days
- on Zillow |
- 44 |
- 0 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 29, 2025 at 04:25pm
Listed by:
Carlos I. Gutierrez-Pacheco 505-920-1400,
Keller Williams Realty 505-983-5151
Source: SFARMLS,MLS#: 202404745
Originating MLS: Santa Fe Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Fireplace(s), Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer
Features
- Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,476
- Total interior livable area: 1,476 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 1
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Pool features: None
Lot
- Size: 6,969.6 Square Feet
Details
- Additional structures: Guest House Detached
- Parcel number: 76004012
- Zoning description: Residential/commercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Roof: Flat
Condition
- Year built: 1912
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Water: Community/Coop
Community & HOA
HOA
- Has HOA: Yes
- Services included: Other, See Remarks
- HOA fee: $25 annually
Location
- Region: Cerrillos
Financial & listing details
- Price per square foot: $270/sqft
- Tax assessed value: $279,109
- Annual tax amount: $1,883
- Date on market: 11/13/2024
- Listing terms: Assumable,Cash,Conventional,New Loan
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