NOT LISTED FOR SALE

40 Glorieta Ranch Rd Glorieta, NM 87535

Estimated Value: $280,561

20.08 Acres
$13,972 Price per Acre
874,685 Sq Ft Lot

Last Sold July 03, 2023

Current estimated payment $1,634/month

8 Days on Market

Highlights

  • Horses Allowed On Property
  • Home fronts a pond
  • Wooded Lot
  • Atalaya Elementary School Rated A-
  • 20.08 Acre Lot
  • Views

About This Lot

As of July 2023

This heavily wooded 20+/- acre lot is one of seven lots in a 150 acres subdivision just before the quiet Village of Glorieta. Founded with significant history, the acreage was originally granted through a Spanish Land Grant, approved by past President Grover Cleveland. One of the adjacent lots has a house original to the main property that served as a field hospital during the Civil War. In the early 20th Century, the property was occupied and run as a Boys Camp. One of the projects the boys did was to outline hiking trails throughout the property which still exist today as you walk along the ridge lines. There are two wells that service the seven lots: one at 100 gpm and the other at 50 gpm, each backing up the other. This 20 acre lot is equipped with electricity with several building sites available. Views include Glorieta Baldy, the southern most tip of the Rockies above 10,000 feet. The property is very private, tucked in between two ridge lines with easy access to the highway and a short drive to downtown Santa Fe. Access roads are maintained from I-25 with a formal road and well maintenance agreement in place through an informal neighborly agreement. The property is is very close to National Forest with nearby trails throughout making this a great retreat property.

Last Agent to Sell the Property

Angela Gutierrez

Sotheby's Int. RE/Washington License #12934 Listed on: 06/07/2023

Sotheby's Int. RE/Washington

Last Buyer's Agent

Angela Gutierrez

Sotheby's Int. RE/Washington License #12934 Listed on: 06/07/2023

Sotheby's Int. RE/Washington

Property Details

Property Type

  • Land

Lot Details

  • 20.08 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Wooded Lot
  • Property is zoned Rural Residential, Rural Residential

HOA Fees

  • $58 Monthly HOA Fees

Schools

  • El Dorado Com Elementary And Middle School
  • Santa Fe High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Shared Well
  • Well
  • Septic Needed

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 099304883

Community Details

Overview

  • Association fees include road maintenance
  • Association Owns Recreation Facilities

Recreation

  • Horse Trails

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Horses: Yes
  • Road Surface Type: Gravel
  • Directions: Head North on I-25 towards Glorieta. Take the Valencia (Exit 297) and make a left at the stop sign heading under the highway. Make a right onto the frontage road. Enter the subdivision gate and travel 0.3 miles. Make a right at the electrical transformer and follow the road up to the Sotheby’s sign.
  • Garage Yn: No
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Interior Features

  • Basement YN: No
  • Fireplace: No

Exterior Features

  • Lot Features: Views, Wooded
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No
  • Disclosures: Covenants/Restrictions Disclosure

Utilities

  • Utilities: Water Available, Electricity Available
  • Sewer: Septic Needed
  • Water Source: Shared Well, Well

Condo/Co-op/Association

  • Community Features: Horse Trails, Other, See Remarks
  • Amenities: Recreation Facilities
  • Association Fee: 700.0
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Other, Road Maintenance, See Remarks

Schools

  • Elementary School: El Dorado Com School
  • High School: Santa Fe
  • Middle Or Junior School: El Dorado Com School

Lot Info

  • Lot Size Acres: 20.08
  • Zoning: Rural Residential
  • Topography: Varied,Mountainous
  • Land Lease: No
  • Lot Size Sq Ft: 874684.8
  • Parcel #: 099304883
  • Zoning Description: Rural Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2014
Sold by
Old Glorieta Pass Ranch Llc
Bought by
Korte Kevin R and Korte Miquela C
Current Estimated Value
$280,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Outstanding Balance
$146,253
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$134,308

Purchase Details

Closed on
Dec 28, 2010
Sold by
Kornblum Melinda and Kornblum David
Bought by
Old Glorieta Pass Ranch Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Korte Kevin R -- First American Title Ins Co
Old Glorieta Pass Ranch Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korte Kevin R $194,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2023 07/03/23 Sold -- -- --
06/16/2023 06/16/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $279,000 -- $0 / Sq Ft
Source: Santa Fe Association of REALTORS®

Tax History Compared to Growth

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
2025 $1,337 $139,500 $139,500 --
2024 $1,226 $128,500 $128,500 --
2023 $1,156 $121,000 $121,000 $0
2022 $1,170 $121,000 $121,000 $0
2021 $1,078 $36,999 $36,999 $0
2020 $1,000 $34,333 $34,333 $0
2019 $1,000 $34,333 $34,333 $0
2018 $1,000 $34,333 $34,333 $0
2017 $1,204 $41,333 $41,333 $0
2016 $1,319 $46,667 $46,667 $0
2015 $1,306 $46,667 $46,667 $0
2014 $1,298 $46,620 $46,620 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202338416

Santa Fe Association of REALTORS®

APN: 099304883