1 Opera House Rd Cerrillos, NM 87010
Madrid NeighborhoodEstimated payment $2,685/month
Highlights
- Hot Property
- Wood Flooring
- Laundry Room
- Wood Burning Stove
- 2 Fireplaces
- Heating system powered by passive solar
About This Home
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
Home Details
Home Type
- Single Family
HOA Fees
- $2 Monthly HOA Fees
Parking
- 3 Parking Spaces
Home Design
- Frame Construction
- Pitched Roof
- Metal Roof
- Wood Siding
- Flagstone
Interior Spaces
- 1,750 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Wood Burning Stove
- Wood Burning Fireplace
- Insulated Windows
Kitchen
- Oven
- Range
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Amy Biehl Community Elementary School
- Capshaw Middle School
- Capital High School
Utilities
- No Cooling
- Heating System Uses Propane
- Water Heater
- Septic Tank
- High Speed Internet
Additional Features
- Heating system powered by passive solar
- 6,970 Sq Ft Lot
Community Details
- Association fees include common areas, road maintenance
- Madrid Townsite Subdivision
Listing and Financial Details
- Assessor Parcel Number 076004074
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,324 | $190,907 | $32,675 | $158,232 |
| 2024 | $1,296 | $185,348 | $31,724 | $153,624 |
| 2023 | $1,298 | $179,950 | $30,800 | $149,150 |
| 2022 | $1,265 | $174,709 | $30,800 | $143,909 |
| 2021 | $1,240 | $56,541 | $11,386 | $45,155 |
| 2020 | $1,213 | $54,894 | $14,719 | $40,175 |
| 2019 | $1,189 | $53,296 | $14,569 | $38,727 |
| 2018 | $1,158 | $51,744 | $14,145 | $37,599 |
| 2017 | $1,119 | $50,237 | $13,733 | $36,504 |
| 2016 | $1,050 | $48,773 | $13,333 | $35,440 |
| 2015 | $1,030 | $47,353 | $13,333 | $34,020 |
| 2014 | $408 | $19,211 | $13,320 | $5,891 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | For Sale | $500,000 | -- | $286 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $24,100 | Stand Alone Second | |
| Open | $116,200 | New Conventional |
Source: Santa Fe Association of REALTORS®
MLS Number: 202600581
APN: 076004074
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Ten-X are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.
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