$1,099,000
$501K PRICE DROP

64 Private Drive 1038a Velarde, NM 87582

Estimated payment $6,197/month

Total Views 9,382
4 Beds
2.5 Baths
2,000 Sq Ft
$550 Price per Sq Ft

Highlights

  • River Access
  • No HOA
  • No Interior Steps
  • Waterfront
  • Separate Outdoor Workshop
  • Fenced

About This Home

Sitting on a quiet, private piece of land (+- 7.5 acres) at the end of Private Drive 1038A in Velarde, New Mexico, sits this approximate 2000 square foot manufactured home along with a hydroponic farm. Bordered by the Rio Grande River with approximately 250 feet of riverfront property, this hydroponic farm has consistently produced tomatoes, cucumbers, basil, and lettuce. It has provided employment and has been a huge success in the community. It currently grows in a soilless culture in Bato buckets and is easily adapted to soil, if desired. There are three greenhouses, totaling approximately 16,000 square feet of grow area. The environment and irrigation of the greenhouses is fully automated. The property contains a fully insulated, temperature-controlled warehouse/garage that houses water supply, filtration and distribution systems. Extras on this property include a Kohler 125Kw fully automated emergency backup generator. 5100-gallon water emergency storage tank. Over 1200 sq ft of dry storage. Wadsworth seed environmental controls with remote control and monitoring. Property has been used for vegetables, herbs, flowers and cannabis. Water rights in the amount of 3.97-acre feet annually. Come sit out along the Rio Grande and make this your perfect investment property, gentlemen's/gentlewomen's farm, horse property, and so much more.

Listing Agent

Irene Cordova

Realty One of New Mexico License #50837 Listed on: 08/27/2024

Realty One of New Mexico

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,379

Lot Details

  • 7.5 Acre Lot
  • Waterfront
  • Dirt Road
  • Fenced

Home Design

  • 2,000 Sq Ft Home
  • Farm

Bedrooms and Bathrooms

  • 4 Bedrooms

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • River Access
  • Separate Outdoor Workshop

Schools

  • Velarde Elementary School

Utilities

  • 220 Volts
  • Private Water Source
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1049130500050

Property Details

Property Type

Other

Est. Annual Taxes

$1,379

Lot Details

0

Listing Details

  • Property Sub Type: Farm
  • Prop. Type: Farm
  • Road Surface Type: Dirt, Gravel
  • Directions: Googlemaps will take you directly to the property if you are sure to enter the address as 64 Private Drive 1038A, Velarde, NM. Turn into 1038A (dirt road) follow to the end. Sign is on the gate going into the property.
  • Garage Yn: No
  • Habitable Residence: Yes
  • Property Sub Type Additional: Farm,Ranch
  • Special Features: None

Interior Features

  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: No Interior Steps
  • Living Area: 2000.0

Exterior Features

  • Lot Features: Other, See Remarks
  • Waterfront Features: River Access
  • Waterfront: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Exterior Features: Fence
  • Other Structures: Workshop

Utilities

  • Electric: 220 Volts
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Velarde
  • High School: Unknown
  • Middle Or Junior School: Unknown

Lot Info

  • Lot Size Acres: 7.5
  • Land Lease: No
  • Lot Size Sq Ft: 326700.0
  • Parcel #: 1049130500050
  • ResoLotSizeUnits: Acres

Map

Range of Values:

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

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 $1,379 $53,116 $27,349 $25,767
2023 $1,379 $51,765 $12,536 $39,229
2022 $1,367 $53,313 $12,907 $40,406
2021 $1,198 $51,765 $12,536 $39,229
2020 $1,217 $52,333 $12,907 $39,426
2019 $1,214 $53,313 $12,907 $40,406
2018 $1,065 $51,765 $12,536 $39,229
2017 $1,097 $51,765 $12,536 $39,229
2016 $1,170 $51,765 $12,536 $39,229
2015 $966 $45,573 $12,907 $32,666
2014 -- $45,573 $12,907 $32,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Price Changed $1,099,000 -8.3% $550 / Sq Ft
03/08/2025 03/08/25 Price Changed $1,199,000 -20.0% $600 / Sq Ft
10/07/2024 10/07/24 For Sale $1,499,000 -- $750 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Rio Arriba Title & Escrow
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202403646

Santa Fe Association of REALTORS®

APN: 1-049-130-503065

New Mexico Rio Arriba County Velarde 87531

64 Private Drive 1038a, Velarde, NM

This home is located at 64 Private Drive 1038a, Velarde, NM 87582 and is currently priced at $1,099,000, approximately $549 per square foot. 64 Private Drive 1038a is a home located in Rio Arriba County with nearby schools including Espanola Valley 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.

Nearby Homes
Irene Cordova
Listing Agent
Irene Cordova
Section Image
Realty One of New Mexico
(505) 569-6434