NOT LISTED FOR SALE

509 Silva St Santa Fe, NM 87505

Southwest Santa Fe Neighborhood

Estimated Value: $427,000 - $507,000

1 Bed
1 Bath
2,277 Sq Ft
$211/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2025

Current estimated payment $2,768 / mo

232 Days on Market

Highlights

  • Wood Burning Stove
  • No Interior Steps
  • High Speed Internet
  • No HOA
  • 1-Story Property
  • Heating Available

About This Home

As of May 2025

Discover a fantastic investment opportunity with this charming four-unit property, near the Heart of Santa Fe. This traditional New Mexico style property, with a total living space of 2,277 sq ft, exudes the authentic Southwest charm that draws renters seeing a true Santa Fe Experience. Every space consists of classic vigas, colorful elements and wood detailing throughout. Three of units being one bedroom, one bath, and one studio apartment equipped with adequate living and cooking room. Located just minutes from downtown Santa Fe, this property offers easy access to the city's vibrant cultural scene, shopping, and dining establishments. Its convenient location makes it an attractive option for potential renters looking for convenience and unique character. This property presents a lucrative opportunity for generating consistent monthly income for its new owner whether living on property or renting all units.

Last Agent to Sell the Property

Francesco Crisafulli

Keller Williams Realty License #52423 Listed on: 08/23/2024

Keller Williams Realty

Last Buyer's Agent

Keith Erwin

Sotheby's Int. RE/Washington License #REC20220159

Sotheby's Int. RE/Washington

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,579

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Metal Roof
  • Modular or Manufactured Materials
  • Stucco

Interior Spaces

  • 2,277 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove

Kitchen

  • Oven
  • Gas Cooktop

Laundry

  • Dryer
  • Washer

Schools

  • Aspen Community Magnet School K-8 Elementary And Middle School
  • Capital High School

Utilities

  • No Cooling
  • Heating Available
  • Separate Meters
  • 220 Volts
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • No Interior Steps
  • 7,579 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 012446080

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

7,579 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Year Built: 1970
  • Prop. Type: Residential Income
  • Directions: Agua Fria to Silva Street, house located down long driveway. Unable to see house from street. Please be mindful not to block tenants vehicles.
  • Architectural Style: One Story
  • Garage Yn: No
  • Year Built Details: 2 buildings built at different years Triplex - 1999 - MOBILE HOME Casita - 1970
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Gas Cooktop, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: No Interior Steps

Exterior Features

  • Roof: Flat, Metal
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Frame, Modular/Prefab, Stucco

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: None
  • Electric: 220 Volts
  • Utilities: High Speed Internet Available, Separate Meters, Electricity Available
  • Heating: Electric, Wood Stove
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Aspen Community Magnet School K-8
  • High School: Capital
  • Middle Or Junior School: Aspen Community Magnet School K-8

Lot Info

  • Lot Size Acres: 0.17
  • Zoning: R5
  • Lot Size Sq Ft: 7579.0
  • Parcel #: 012446080
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2003
Sold by
Citibank Na
Bought by
Schleeter Charles T
Current Estimated Value
$479,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Outstanding Balance
$49,199
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$430,478

Purchase Details

Closed on
Oct 10, 2002
Sold by
Leyba Geraldine
Bought by
Citibank National Assn

Purchase Details

Closed on
Mar 20, 2000
Sold by
Leyba Gloria A and Leyba Geraldine
Bought by
Leyba Geraldine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,700
Interest Rate
9.6%

Purchase Details

Closed on
Nov 8, 1999
Sold by
Leyba Gloria A
Bought by
Leyba Gloria A and Leyba Geraldine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,015
Interest Rate
7.73%

Purchase Details

Closed on
Oct 8, 1998
Sold by
Leyba John J
Bought by
Leyba Gloria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
9.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Schleeter Charles T -- First American Title Ins Co
Citibank National Assn -- --
Leyba Geraldine -- Territorial Abstract & Title
Leyba Gloria A -- --
Leyba Gloria A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schleeter Charles T $108,800
Previous Owner Leyba Geraldine $154,700
Previous Owner Leyba Gloria A $131,015
Previous Owner Leyba Gloria A $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2025 05/21/25 Sold -- -- --
04/12/2025 04/12/25 Pending -- -- --
03/25/2025 03/25/25 Price Changed $549,000 -4.5% $241 / Sq Ft
03/15/2025 03/15/25 Price Changed $575,000 -4.0% $253 / Sq Ft
01/28/2025 01/28/25 Price Changed $599,000 -2.6% $263 / Sq Ft
12/10/2024 12/10/24 Price Changed $615,000 -5.2% $270 / Sq Ft
11/13/2024 11/13/24 Price Changed $649,000 -7.2% $285 / Sq Ft
10/02/2024 10/02/24 Price Changed $699,000 -6.7% $307 / Sq Ft
09/28/2024 09/28/24 Price Changed $749,000 -6.3% $329 / Sq Ft
08/23/2024 08/23/24 For Sale $799,000 -- $351 / Sq Ft
Source: Santa Fe Association of REALTORS®

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 $2,479 $326,633 $81,147 $245,486
2024 $2,417 $317,120 $78,784 $238,336
2023 $2,417 $307,885 $76,490 $231,395
2022 $2,363 $298,919 $74,263 $224,656
2021 $2,327 $96,738 $24,033 $72,705
2020 $2,257 $93,920 $23,333 $70,587
2019 $2,225 $91,185 $23,333 $67,852
2018 $2,176 $88,529 $23,333 $65,196
2017 $2,122 $85,951 $23,333 $62,618
2016 $2,000 $83,447 $23,333 $60,114
2015 $1,999 $82,863 $23,333 $59,530
2014 $1,914 $81,857 $10,907 $70,950
Source: Public Records

Agents Affiliated with this Home

  • Francesco Crisafulli

    Seller's Agent in 2025

    Francesco Crisafulli

    Keller Williams Realty

    (505) 636-1778

    55 in this area

    236 Total Sales

    Francesco Crisafulli
    Section Image
  • Keith Erwin

    Buyer's Agent in 2025

    Keith Erwin

    Sotheby's Int. RE/Washington

    (505) 372-5050

    2 in this area

    11 Total Sales

    Keith Erwin
    Section Image
See All Agents

Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202403589

Santa Fe Association of REALTORS®

APN: 012446080

New Mexico Santa Fe County Santa Fe 87505 Southwest Santa Fe

509 Silva St, Santa Fe, NM

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.