$449,000

Estimated payment $2,578/month

Total Views 1,419
1 Bed
1 Bath
1,080 Sq Ft
$416 Price per Sq Ft

Highlights

  • Hot Property
  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Wood Flooring
  • Patio
  • Laundry Facilities

About This Home

Authentic Magical Madrid Cottage with Creative Spaces! This sun-soaked gem blends possibility with artistic living. The upper level features a one-bedroom, one bathroom, full kitchen owner's suite with a private deck perfect for morning coffee or stargazing. Below, features a flex space like no other. Open floorplan with one bathroom and full kitchen. Great family home. With a separate entrance, the downstairs is perfect for a full-time rental or a short-term rental. Commercial space to display your unique art, local jewelry, homemade candles, local apparel, or anything your heart desires, while living upstairs and walking to enjoy all that Madrid has to offer! PLUS, lot next door is included. Perfect for additional parking or bldg. Amy Biehl Elem, Milagro Middle, SF High. YOU'RE HOME!

Listing Agent

The Peak Team

MORE Realty, Inc Listed on: 06/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 1992

Lot Details

  • 4,090 Sq Ft Lot
  • Additional Parcels

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Masonite

Interior Spaces

  • 1,080 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Free-Standing Gas Range
  • Range Hood
  • <<microwave>>

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Propane
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 076004084

Community Details

Overview

  • 1,080 Sq Ft Building
  • Madrid Subdivision

Additional Features

  • Laundry Facilities
  • Manager's Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,097

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Directions: From ABQ - I-40 East. Exit 175 toward Cedar Crest. Travel north 28 miles. Just past the 20 MPH marker, the house is on the left. From Santa Fe - I-25 South. Exit 278 for NM-14 / Cerrillos Road. Travel south 25 miles. Just past the Village of Madrid, the house is on the right.
  • Listing Contract Date: 2025-05-27
  • Year Built: 1992
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: MORR01
  • Co List Office Phone: (505) 333-9522
  • Subdivision Name: MADRID
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Dryer, Free-Standing Electric Range, Free-Standing Gas Range, Microwave, Refrigerator, Range Hood, Washer
  • Stories: 2
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 1080.0
  • Stories: 2

Exterior Features

  • Exterior Features: Propane Tank - Leased, Patio
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Masonite
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Ductless
  • Heating: Central, Ductless, Forced Air
  • Utilities: Electricity Connected, Propane, Phone Available, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch, Laundry Facilities, Patio

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 4090.0
  • Additional Parcels: Yes
  • Parcel #: 076004084
  • Zoning Description: RC

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1096.66

Map

Range of Values:

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Average Value
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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 $1,097 $156,785 $38,813 $117,972
2023 $1,282 $177,737 $38,813 $138,924
2022 $957 $132,191 $38,813 $93,378
2021 $939 $42,781 $12,937 $29,844
2020 $939 $42,474 $12,937 $29,537
2019 $920 $41,237 $12,937 $28,300
2018 $933 $41,695 $12,937 $28,758
2017 $665 $29,852 $12,937 $16,915
2016 $538 $28,982 $13,333 $15,649
2015 $525 $28,138 $13,333 $14,805
2014 $495 $27,292 $13,320 $13,972
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $449,000 -- $416 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Contract Of Sale $180,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $13,798 Construction
Open $242,673 FHA
Closed $0 No Value Available
Source: Public Records

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1086784

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 076004084