$545,000
SOLD DEC 30, 2024
Last list price

42 Rainbows End Cerrillos, NM 87010

3 Beds
2 Baths
2,250 Sq Ft
5.27 Acres

Recently Sold

$242 Per Sq Ft

194 Days on Market

Highlights

  • Horses Allowed On Property
  • Northern New Mexico Architecture
  • Heating System Uses Propane
  • No HOA
  • 2 Car Detached Garage

About This Home

As of December 2024

NORTHERN NEW MEXICO AT ITS BEST: This lovely spacious home has so much to offer. Views of the Barrancas (a unique rock formation, found in the area), Endless skies, all on 5 natural acres. The home itself has had a lovely facelift with numerous upgrades, but kept the beautiful willow twig ceilings. The pictures don't do it justice, it is a truly must-see property. The setting is out of the way and private, but such a beauty to come home to. Out of the way and yet such a wonderful sense of community.
OUTSIDE IMPROVEMENTS:
New well pump; new stucco; gorgeous new deck.
INTERIOR IMPROVEMENTS:
New drywall; New ceiling fans; new doors; some new window; various new lighting fixtures; new laminate flooring.
kitchen cabinets, island, tile and appliances, the upstairs bath has a new toilet, tile, sink & cabinets.

There are bonus spaces throughout the home. An interim room upstairs between the 2 bedrooms, and a
cozy extra room off the formal dining room. A unique floorplan, make it the perfect dwelling, for your own personality.
Horses, goats, chickens as well as cats and dogs are welcome!!! Rural living at its best.

Last Agent to Sell the Property

Theresa Shrader

Realty One of Santa Fe License #49724 Listed on: 05/23/2024

Realty One of Santa Fe

Last Buyer's Agent

Alan Vorenberg

Sotheby's Int. RE/Grant License #11790

Sotheby's Int. RE/Grant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,801

Year Built

  • Built in 1997

Parking

  • 2 Car Detached Garage

Home Design

  • Northern New Mexico Architecture
  • Metal Roof

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Turquoise Trail Elementary School
  • Milagro Middle School
  • Capital High School

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • 5.27 Acre Lot
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 78000740

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,801

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1997
  • Prop. Type: Residential
  • Horses: Yes
  • Directions: From Santa Fe take HWY 14 toward Cerrillos, turn left on General Goodwin, then left on Rainbows end. House will be on the right. take the second turn into the circular driveway.
  • Architectural Style: Northern New Mexico
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: The assessors' records indicate the house was built in 1997, but this is not verified. Seller does not know for sure.
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Levels: Two
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Interior Steps
  • Living Area: 2250.0
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: No
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Utilities: Electricity Available
  • Heating: Propane
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Turquoise Trail
  • High School: Capital
  • Middle Or Junior School: Milagro

Lot Info

  • Lot Size Acres: 5.27
  • Land Lease: No
  • Lot Size Sq Ft: 229561.2
  • Parcel #: 78000740
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Dec 27, 2024
Sold by
Reaver Roland and Reaver Susan
Bought by
Downey Liam
Seller's Agent
Theresa Shrader
Realty One of Santa Fe
Buyer's Agent
Alan Vorenberg
Sotheby's Int. RE/Grant
List Price
$625,000
Sold Price
$525,000
Premium/Discount to List
-$100,000
-16%
Total Days on Market
194
Views
224
Current Estimated Value
$594,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,929
Avg. Annual Appreciation
33.75%
Original Mortgage
$420,000
Outstanding Balance
$418,915
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$176,014

Purchase Details

Closed on
Mar 27, 2007
Sold by
Grabowski Lansing
Bought by
Grabowski Lansing and Lansing Grabowski Revocable Li
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Previous Owner $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold -- -- --
12/04/2024 12/04/24 Pending -- -- --
12/01/2024 12/01/24 Off Market -- -- --
09/23/2024 09/23/24 Price Changed $545,000 -0.9% $242 / Sq Ft
08/25/2024 08/25/24 Price Changed $550,000 -4.3% $244 / Sq Ft
08/06/2024 08/06/24 Price Changed $575,000 -2.5% $256 / Sq Ft
06/25/2024 06/25/24 Price Changed $590,000 -5.6% $262 / Sq Ft
05/23/2024 05/23/24 For Sale $625,000 -- $278 / 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
2024 $1,801 $263,438 $47,129 $216,309
2023 $1,801 $255,766 $45,757 $210,009
2022 $1,754 $248,318 $44,425 $203,893
2021 $1,434 $65,352 $14,254 $51,098
2020 $1,402 $63,449 $13,839 $49,610
2019 $1,374 $61,602 $13,436 $48,166
2018 $1,339 $59,808 $13,044 $46,764
2017 $1,293 $58,066 $12,665 $45,401
2016 $1,214 $56,375 $12,297 $44,078
2015 $1,190 $54,734 $12,297 $42,437
2014 $1,386 $65,295 $12,284 $53,010
Source: Public Records

Agents Affiliated with this Home

  • Theresa Shrader

    Seller's Agent in 2024

    Theresa Shrader

    Realty One of Santa Fe

    (505) 930-7070

    53 Total Sales

    Theresa Shrader
    Section Image
  • Alan Vorenberg

    Buyer's Agent in 2024

    Alan Vorenberg

    Sotheby's Int. RE/Grant

    (505) 954-5515

    103 Total Sales

    Alan Vorenberg
    Section Image
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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202401983

Santa Fe Association of REALTORS®

APN: 078000740

New Mexico Santa Fe County Cerrillos 87010

42 Rainbows End, Cerrillos, NM

This home is located at 42 Rainbows End, Cerrillos, NM 87010 and is currently estimated at $545,000, approximately $242 per square foot. This property was built in 1997. 42 Rainbows End is a home located in Santa Fe County with nearby schools including Amy Biehl Community School at Rancho Viejo and Capital High School.

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.

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.

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