$274,500
$170K PRICE DROP

2 Grasshopper Rd Madrid, NM 87010

Madrid Neighborhood

Estimated payment $1,504/month

Total Views 15,461
2 Beds
2 Baths
1,100 Sq Ft
$250 Price per Sq Ft

Highlights

  • Wood Burning Stove
  • 2 Fireplaces
  • High Speed Internet
  • Wood Flooring
  • Space Heater

About This Home

Fix 'em up!--project opportunity in Madrid on nice view lot. Recent price improvement, too. Two homes, two addresses---2 Grasshopper and 29 Backroad, both one of a kind, Madrid-style structures, of stone, wood, and metal siding, both with striking views of hillsides, mountains and town. The much-loved home and semi- industrial metal building --the "warehouse/apartment" will make great projects! You can live in one while you fix up or rent the other as the past owner did, or use as your workshop, home business, storage, garage, etc. On a treed, spacious lot with landscaped terraces and a rocky little arroyo, there's room to park and relax in the yard. Elements of Madrid's old mining days abound: beams from the old Madrid mine building and "found objects" incorporated into the facade. The County Assessor estimates the stone/wood house at 1112 sq ft and the warehouse/apartment at approx. 784 sq ft. Conventional electric, Madrid water membership. Nearby to everything Madrid including the tavern, dispensary, restaurants and galleries, trails, ballpark, and more.

Listing Agent

Barbara Graham

Barker Realty, LLC License #14448 Listed on: 02/18/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $648

Year Built

  • Built in 1940

Lot Details

  • 0.32 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Split Level Home
  • Rock and Frame
  • Metal Siding
  • Flagstone

Interior Spaces

  • 1,100 Sq Ft Home
  • 2 Fireplaces
  • Wood Burning Stove

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Amy Biehl Community Elementary School
  • Milagro Middle School
  • Santa Fe High School

Utilities

  • No Cooling
  • Space Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 76004154

Home Details

Home Type

Single Family

Est. Annual Taxes

$648

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Prop. Type: Residential
  • Directions: Once in Madrid, just to the West of the Mineshaft, turn off from NM 14 onto Backroad, head N. and look for #29, sign on left, you can't really miss the blue houses.
  • Architectural Style: Other, See Remarks
  • Garage Yn: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Levels: Multi/Split
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning Stove
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Concrete, Flagstone, Wood
  • Interior Amenities: Interior Steps
  • Living Area: 1100.0

Exterior Features

  • Roof: Other, See Remarks
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Metal Siding, Rock

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Electric: Other
  • Utilities: High Speed Internet Available
  • Heating: Space Heater, Wood Stove
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Community/Coop

Schools

  • Elementary School: Amy Biehl Community
  • High School: Santa Fe
  • Middle Or Junior School: Milagro

Lot Info

  • Lot Size Acres: 0.32
  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: 76004154

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $648 $92,662 $32,548 $60,114
2023 $649 $89,964 $31,600 $58,364
2022 $632 $87,344 $31,600 $55,744
2021 $625 $28,473 $11,439 $17,034
2020 $719 $32,548 $14,773 $17,775
2019 $759 $34,025 $14,773 $19,252
2018 $792 $35,366 $14,773 $20,593
2017 $780 $35,050 $16,439 $18,611
2016 $878 $40,795 $14,570 $26,225
2015 $861 $39,606 $14,145 $25,461
2014 $816 $38,415 $13,720 $24,695
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Price Changed $274,500 -1.6% $250 / Sq Ft
08/24/2025 08/24/25 Price Changed $279,000 -6.7% $254 / Sq Ft
06/26/2025 06/26/25 Price Changed $299,000 -11.8% $272 / Sq Ft
05/26/2025 05/26/25 Price Changed $339,000 -15.0% $308 / Sq Ft
05/14/2025 05/14/25 Price Changed $399,000 -3.6% $363 / Sq Ft
04/14/2025 04/14/25 Price Changed $414,000 -3.5% $376 / Sq Ft
03/25/2025 03/25/25 Price Changed $429,000 -3.4% $390 / Sq Ft
02/18/2025 02/18/25 For Sale $444,000 -- $404 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $104,000 New Conventional
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202500329

Santa Fe Association of REALTORS®

APN: 076004154

New Mexico Santa Fe County Madrid 87010 Madrid

2 Grasshopper Rd, Madrid, NM

For Sale

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Santa Fe Association of REALTORS® 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.

Nearby Homes
Listing Agent
Barbara Graham
Section Image
Barker Realty, LLC
(505) 542-1066