Seller's Agent in 2024
Christopher Webster
Sotheby's Int. RE/Grant
(505) 780-9500
4 in this area
48 Total Sales
518 E Palace Ave Santa Fe, NM 87501
North Hills NeighborhoodEstimated Value: $2,119,000 - $2,471,000
5
Beds
5
Baths
3,958
Sq Ft
$577/Sq Ft
Est. Value
Highlights
- 0.43 Acre Lot
- Pueblo Architecture
- No HOA
- Wood Flooring
- 5 Fireplaces
- Beamed Ceilings
About This Home
As of December 2024Nested in the heart of Santa Fe's historic Eastside, 518 East Palace Avenue offers a rare opportunity to own a home designed in 1925 by the renowned architect, John Gaw Meem. This exquisite 4-bedroom residence, along with 1-bedroom, 1-bathroom attached casita, embodies the spirit of traditional Santa Fe style and craftsmanship.
Situated on an expansive 0.43-acre lot, this property blends privacy with proximity to the vibrant cultural scene of downtown Santa Fe. The home's architectural details reflect Meem's signature style-exposed vigas, kiva fireplaces, and carefully crafted woodwork-imbuing every space with authentic southwestern charm. the residence's spacious layout is ideal for both elegant entertaining and serene, everyday living.
The attached casita provides a flexible space for guests, a home office , or a rental unit, offering its own secluded retreat within the property.
Located just moments from Santa Fe's historic Plaza, Canyon Road, and all the amenities that Santa Fe is celebrated for, this estate is a timeless piece of local history, where tradition meets contemporary luxury.
Last Agent to Sell the Property
Sotheby's Int. RE/Grant License #2342 Listed on: 11/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,234
Year Built
- Built in 1926
Lot Details
- 0.43 Acre Lot
- Property is zoned R-1, 2, 3, 4, 5, 6
Parking
- 2 Car Attached Garage
- Tandem Parking
Home Design
- Pueblo Architecture
- Split Level Home
- Flat Roof Shape
- Foam Roof
- Stucco
Interior Spaces
- 3,958 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- 5 Fireplaces
- Circular Fireplace
- Home Security System
- Basement
Kitchen
- Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Acequia Madre Elementary School
- Milagro Middle School
- Santa Fe High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Radiant Heating System
- Hot Water Heating System
- Gas Water Heater
- High Speed Internet
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 12348288
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2024
Closed on
Dec 6, 2024
Sold by
Elizabeth A Strutzel Revocable Trust and Schnitzler Mary Louise
Bought by
Bob Kendrick Wolf Revocable Trust and Wolf
Seller's Agent
Christopher Webster
Sotheby's Int. RE/Grant
Buyer's Agent
Amanda Erwin
Barker Realty, LLC
List Price
$2,250,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.49%
Purchase Details
Closed on
Feb 26, 2001
Sold by
Janet Brewer Trust Brewer, Paul R Trustee Of
Bought by
Strutzel Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.25%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bob Kendrick Wolf Revocable Trust | -- | None Listed On Document | |
| Strutzel Elizabeth A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Strutzel Elizabeth A | $640,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2024 12/10/24 | Sold | -- | -- | -- |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | For Sale | $2,250,000 | -- | $568 / 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 | $17,624 | $2,321,820 | $220,460 | $2,101,360 |
| 2024 | $6,234 | $818,075 | $142,556 | $675,519 |
| 2023 | $6,234 | $794,248 | $138,404 | $655,844 |
| 2022 | $6,096 | $771,115 | $134,373 | $636,742 |
| 2021 | $6,002 | $249,552 | $43,486 | $206,066 |
| 2020 | $5,822 | $242,284 | $43,486 | $198,798 |
| 2019 | $5,741 | $235,228 | $55,856 | $179,372 |
| 2018 | $5,614 | $228,377 | $54,230 | $174,147 |
| 2017 | $5,473 | $221,725 | $52,650 | $169,075 |
| 2016 | $5,161 | $215,268 | $51,118 | $164,150 |
| 2015 | $4,087 | $169,458 | $46,022 | $123,436 |
| 2014 | $3,844 | $164,358 | $44,637 | $119,721 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Webster
-
Maya Hiersoux
Seller Co-Listing Agent in 2024
Maya Hiersoux
Sotheby's Int. RE/Grant
(505) 479-0194
1 in this area
23 Total Sales
-
Amanda Erwin
Buyer's Agent in 2024
Amanda Erwin
Barker Realty, LLC
(505) 372-5500
19 in this area
170 Total Sales
Map
Source: Santa Fe Association of REALTORS®
MLS Number: 202404414
APN: 012348288
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.
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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