$1,195,000
$130K PRICE DROP

707 E Palace Ave Unit 11 Santa Fe, NM 87501

North Hills Neighborhood

Estimated payment $7,112/month

Total Views 24,502
3 Beds
3 Baths
2,160 Sq Ft
$553 Price per Sq Ft

Highlights

  • Pueblo Architecture
  • Beamed Ceilings
  • Tile Flooring
  • 3 Fireplaces
  • Ductless Heating Or Cooling System
  • Heating system powered by passive solar

About This Home

Just where you want to be! A quick stroll to the legendary Santa Fe Plaza and arty Canyon Road, this designer’s handsome patio home in the coveted La Vereda Compound on historic Palace Avenue has been meticulously maintained and updated with stylish finishes, elements and conveniences. A private end unit with a glamorous, comfortable, and intelligent floor plan, it is light and bright with high ceilings and 3 privately separated bedroom suites, elegant, and comfortable entertaining spaces inside and out, three fireplaces, and a two car carport. Enjoy relaxing in the secluded, walled, patio courtyard with a kiva fireplace, bancos, and towering old trees above; watch the stars from the expansive treetop deck above with skyline views. Walk to dinner, downtown, the river, museums, and shopping! Lock and leave with this blissfullyeasy lifestyle in a fabulous historic Santa Fe location!

Listing Agent

Ashley Margetson

Sotheby's Int. RE/Washington License #12669 Listed on: 12/20/2024

Sotheby's Int. RE/Washington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,770

Year Built

  • Built in 1985

HOA Fees

  • $422 Monthly HOA Fees

Home Design

  • Pueblo Architecture
  • Split Level Home
  • Slab Foundation
  • Block Exterior
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,160 Sq Ft Home
  • Beamed Ceilings
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Insulated Windows

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Eco-Friendly Details

  • Heating system powered by passive solar
  • Drip Irrigation

Schools

  • Acequia Madre Elementary School

Utilities

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

Community Details

  • Association fees include common areas
  • Built by Nichols
  • La Vereda Subdivision

Listing and Financial Details

  • Assessor Parcel Number 018400014

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,770

Year Built

Built in 1985

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Property Sub Type: Condominium
  • Year Built: 1985
  • Prop. Type: Residential
  • Horses: No
  • Subdivision Name: La Vereda
  • Directions: East Palace Avenue to La Vereda.
  • Architectural Style: Pueblo
  • Carport Y N: Yes
  • Garage Yn: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Levels: Multi/Split
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Beamed Ceilings, Interior Steps
  • Living Area: 2160.0
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Other, See Remarks
  • Lot Features: Drip Irrigation/Bubblers
  • Pool Features: None
  • Waterfront: No
  • Builder Name: Nichols
  • Construction Type: Block, Concrete, Stucco
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Ductless, Refrigerated
  • Utilities: High Speed Internet Available, Electricity Available
  • Heating: Baseboard, Ductless, Electric, Passive Solar
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 5066.12
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Elementary School: Acequia Madre
  • High School: Unknown
  • Middle Or Junior School: Unknown

Lot Info

  • Land Lease: No
  • Parcel #: 018400014

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $4,770 $625,910 -- $625,910
2023 $4,770 $607,680 $0 $607,680
2022 $4,664 $589,981 $0 $589,981
2021 $4,592 $190,933 $0 $190,933
2020 $4,454 $185,372 $0 $185,372
2019 $4,392 $179,973 $0 $179,973
2018 $4,295 $174,731 $0 $174,731
2017 $4,188 $169,642 $0 $169,642
2016 $3,948 $164,701 $0 $164,701
2015 $3,857 $159,904 $0 $159,904
2014 $3,627 $155,091 $0 $155,091
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2025 10/09/25 Price Changed $1,195,000 -6.3% $553 / Sq Ft
06/20/2025 06/20/25 Price Changed $1,275,000 -3.8% $590 / Sq Ft
12/20/2024 12/20/24 For Sale $1,325,000 -- $613 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Rio Grande Title Company Inc
Warranty Deed -- St&E
Warranty Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $532,000 New Conventional
Previous Owner $500,000 Purchase Money Mortgage
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202405004

Santa Fe Association of REALTORS®

APN: 018400014

New Mexico Santa Fe County Santa Fe 87501 North Hills

707 E Palace Ave Unit 11, Santa Fe, NM

For Sale

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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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Ashley Margetson
Listing Agent
Ashley Margetson
Section Image
Sotheby's Int. RE/Washington
(505) 431-4757