NOT LISTED FOR SALE

511 E Palace Ave Santa Fe, NM 87501

North Hills Neighborhood

Estimated Value: $1,921,020 - $2,726,000

4 Beds
3.5 Baths
2,250 Sq Ft
$995/Sq Ft Est. Value

Last Sold January 06, 2025

Current estimated payment $12,444/month

4 Days on Market

Highlights

  • Wood Flooring
  • 4 Fireplaces
  • Beamed Ceilings
  • Pueblo Architecture
  • No HOA
  • 1 Car Detached Garage

About This Home

As of January 2025

Steeped in traditional character, enveloped by gardens, this beautifully-updated historic home with studio guest house and rare, one-car garage enjoys an enviable Eastside location a half mile from The Plaza. A newly remodeled Primary Bath and Powder Room, new Saltillo tile and new or refinished wood flooring are among the improvements that further refine and enhance the home’s comfort and quality. The charming studio has a tidy living area with kiva fireplace, a sleeping area with adjacent, three-quarter bath and a wee, galley kitchen. The professionally-designed grounds feel like a private park, complete with mature trees, low stone walls for seating, an elegant pergola, fountains and abundant perennial plantings. The fully-walled property includes an automated wooden gate which opens to a brick-paved courtyard with room for parking.

Last Agent to Sell the Property

Joshua Maes

Sotheby's Int. RE/Washington License #44364 Listed on: 10/28/2024

Sotheby's Int. RE/Washington

Last Buyer's Agent

John Swonson

Sotheby's Int. RE/Grant License #REC20220510

Sotheby's Int. RE/Grant

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned R-1, 2, 3, 4, 5, 6

Parking

  • 1 Car Detached Garage

Home Design

  • Pueblo Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Built-Up Roof
  • Stucco
  • Adobe

Interior Spaces

  • 2,250 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Basement
  • Crawl Space
  • Home Security System

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Acequia Madre Elementary School
  • Milagro Middle School
  • Santa Fe High School

Utilities

  • Ductless Heating Or Cooling System
  • Refrigerated Cooling System
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • No Interior Steps
  • Drip Irrigation

Community Details

  • No Home Owners Association
  • Eastside Histor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 011830320

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

8,712 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1912
  • Prop. Type: Residential
  • Horses: No
  • Subdivision Name: Eastside Histor
  • Directions: East Palace to #511.
  • Architectural Style: Pueblo
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Levels: One
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Wood Burning
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Beamed Ceilings, No Interior Steps
  • Living Area: 1950.0
  • Window Features: Insulated Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Built-Up, Flat, Tar/Gravel
  • Lot Features: Drip Irrigation/Bubblers
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Adobe, Frame, Stucco
  • Foundation Details: Slab
  • Other Structures: Guest House Detached

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: No
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Ductless, Refrigerated
  • Utilities: High Speed Internet Available, Electricity Available
  • Heating: Baseboard, Electric
  • Security: Security System, Dead Bolt(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Acequia Madre
  • High School: Santa Fe
  • Middle Or Junior School: Milagro

Lot Info

  • Lot Size Acres: 0.2
  • Zoning: R-1, 2, 3, 4, 5, 6
  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 011830320
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Jan 6, 2025
Sold by
Kar Palacio Llc
Bought by
Betty Holmes 2000 Management Trust and Legacy Trust
Seller's Agent
Joshua Maes
Sotheby's Int. RE/Washington
Buyer's Agent
John Swonson
Sotheby's Int. RE/Grant
List Price
$2,500,000
Views
7
Current Estimated Value
$2,239,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.46%

Purchase Details

Closed on
Jun 10, 2016
Sold by
Beacham Bruce E and Beacham Margaret W
Bought by
Lott Molly T and Lott John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2014
Sold by
Orchard Metal Capital Corp
Bought by
Beacham Bruce E and Beacham Margaret W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2013
Sold by
Jennings Stephen A
Bought by
Orchard Metal Capital Corp

Purchase Details

Closed on
Feb 16, 2010
Sold by
Jennings Stephen A and Jennings Margaret M
Bought by
Jennings Stephen A and Jennings Margaret M

Purchase Details

Closed on
Jun 7, 2006
Sold by
Jennings Ralph E
Bought by
Miller Cynthia S and Valente Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,725
Interest Rate
6.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 15, 2000
Sold by
Kramer Etel Thea
Bought by
Jennings Stephen A and Jennings Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
8.18%

Purchase Details

Closed on
May 13, 1999
Sold by
Valdez Timothy and Guinn Charlene
Bought by
Valdez Timothy and Valdez Charlene G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Betty Holmes 2000 Management Trust -- None Listed On Document
Betty Holmes 2000 Management Trust -- None Listed On Document
Lott Molly T -- Santa Fe Title
Beacham Bruce E -- Fidelity Natl Title Of New M
Orchard Metal Capital Corp -- Fidelity National Title Of N
Jennings Stephen A -- None Available
Miller Cynthia S -- First American Title Ins Co
Jennings Stephen A -- --
Valdez Timothy -- Territorial Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lott Molly T $650,000
Previous Owner Beacham Bruce E $400,000
Previous Owner Miller Cynthia S $23,725
Previous Owner Jennings Stephen A $437,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2025 01/06/25 Sold -- -- --
11/01/2024 11/01/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $2,500,000 +35.1% $1,111 / Sq Ft
11/01/2022 11/01/22 Sold -- -- -- View Prior Sale
09/22/2022 09/22/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $1,850,000 -- $949 / 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 $10,912 $1,437,584 $205,821 $1,231,763
2024 $10,636 $1,395,714 $205,821 $1,189,893
2023 $10,858 $1,383,407 $205,821 $1,177,586
2022 $8,265 $1,045,512 $120,156 $925,356
2021 $8,138 $338,354 $38,885 $299,469
2020 $8,276 $344,389 $38,885 $305,504
2019 $9,595 $393,157 $83,333 $309,824
2018 $9,450 $384,411 $83,333 $301,078
2017 $9,273 $375,666 $83,333 $292,333
2016 $5,293 $220,783 $83,333 $137,450
2015 $5,170 $214,353 $83,333 $131,020
2014 $5,335 $228,132 $83,250 $144,882
Source: Public Records

Agents Affiliated with this Home

  • Joshua Maes

    Seller's Agent in 2025

    Joshua Maes

    Sotheby's Int. RE/Washington

    (505) 231-4046

    3 in this area

    70 Total Sales

    Joshua Maes
    Section Image

  • J

    Buyer's Agent in 2025

    John Swonson

    Sotheby's Int. RE/Grant

    (713) 456-9381

    2 in this area

    18 Total Sales

    John Swonson
    Section Image
  • Ashley Margetson

    Seller's Agent in 2022

    Ashley Margetson

    Sotheby's Int. RE/Washington

    (505) 920-2300

    4 in this area

    49 Total Sales

    Ashley Margetson
    Section Image
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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202404568

Santa Fe Association of REALTORS®

APN: 011830320

New Mexico Santa Fe County Santa Fe 87501 North Hills

511 E Palace Ave, Santa Fe, NM

Not Listed for Sale

Detached

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