2863 NM 14 HWY, Madrid, NM 87010
2863 NM 14 HWY, Madrid, NM 87010
2863 NM 14 HWY, Madrid, NM 87010
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$875,000
Est. payment /mo
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1 Bed
2 Baths
1,362 SqFt
New

2863 NM 14 HWY Madrid, NM 87010

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Emily Medvec

Emily Medvec

+1(505) 660-4541

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,362 sqft

Price per Sqft $642

Subdivision Madrid Townsite

MLS Listing ID 202602542

Style Bungalow

Bedrooms 1

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1931

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Single Family Residence

Property 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 an 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!

Location

State NM

County Santa Fe

Zoning Historic

Interior

Interior Features No Interior Steps

Heating Heat Pump, Propane

Cooling Heat Pump

Flooring Stone, Wood

Fireplace No

Appliance Dryer, Gas Cooktop, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer

Exterior

Parking Features None

Utilities Available High Speed Internet Available, Electricity Available

Amenities Available Other, Playground, See Remarks

Water Access Desc Community/Coop

Roof Type Metal

Accessibility Not ADA Compliant

Total Parking Spaces 3

Private Pool No

Building

Entry Level One

Foundation Basement

Sewer Septic Tank

Water Community/Coop

Architectural Style Bungalow

Level or Stories One

Additional Building Studio Detached

Schools

Elementary Schools Amy Biehl Community

Middle Schools Milagro

High Schools Santa Fe

Others

Tax ID 076003984

Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan

Listing Terms Cash, Conventional, 1031 Exchange, New Loan

Special Listing Condition Standard

Santa Fe MLS (SFARMLS)
Listed by Rachel Heath • Keller Williams Realty

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Emily Medvec

Emily Medvec

Broker Associate | License ID: 16161

+1(505) 660-4541

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2863 NM 14 HWY