NOT LISTED FOR SALE

707 E Palace Ave Unit 15 Santa Fe, NM 87501

Estimated Value: $965,000 - $1,348,908

3 Beds
3 Baths
2,018 Sq Ft
$350/mo HOA Fee

Last Sold June 16, 2023

Current estimated payment $7,570/month

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • 2 Car Direct Access Garage
  • Pueblo Architecture
  • Beamed Ceilings
  • Refrigerated Cooling System

About This Home

As of June 2023

Marvelous Historic Eastside find! Located in coveted La Vereda Compound, this wonderfully quiet 3-bedroom 3-bath home and an attached 2-car garage with direct entry is a pure delight. Exquisitely and charmingly updated, with an impressively long list of recent improvements throughout. The open concept floorplan is ideally suited to our informal Santa Fe lifestyle, with living, dining and kitchen spaces nicely defined yet easily accessible to each. The rooms are awash with light. The living room features a raised kiva fireplace, and high ceiling with whitewashed vigas & wood decking. It opens to an enchanting sunroom facing & accessing a delightful private patio. The spacious dining area with contemporary light fixture also opens to the private high-walled, flagstone-paved patio. With landscaped gardens on drip irrigation and a zen-like water feature, it's ideal for al fresco dining, entertaining, or simply as a quiet retreat. Excellent bedroom separation, featuring a splendid upper-level primary bedroom suite that includes hardwood floors, a kiva fireplace, walk-in closet, a sweet Trex-paved private deck and lush, tree-filled vistas. The beautifully Talavera-tiled bathroom features twin sinks and mirrors. The 2 guestrooms and baths are well-separated, with one on the main level and the other located above, ensuring privacy for all. A separate furniture package including fully equipped kitchen is available to interested parties, by request.

Last Agent to Sell the Property

Shane Cronenweth

Sotheby's Int. RE/Washington License #35382 Listed on: 05/10/2023

Sotheby's Int. RE/Washington

Last Buyer's Agent

Robert Thorwald

Santa Fe Properties License #19880

Santa Fe Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,602

Year Built

  • Built in 1987

Lot Details

  • 1,786

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage

Home Design

  • Pueblo Architecture
  • Split Level Home
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,018 Sq Ft Home
  • Beamed Ceilings
  • 2 Fireplaces
  • Circular Fireplace
  • Wood Burning Fireplace

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Low Flow Plumbing Fixtures

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Heating system powered by passive solar
  • Energy-Efficient Hot Water Distribution
  • Drip Irrigation

Schools

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

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 018400015

Community Details

Overview

  • Association fees include common areas, insurance, road maintenance
  • La Vereda Subdivision

Building Details

  • New Taxes Expense $9,685

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,602

Year Built

Built in 1987

Lot Details

0

HOA Fees

$350 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Year Built: 1987
  • Prop. Type: Residential
  • Horses: No
  • Subdivision Name: La Vereda
  • Directions: Palace Avenue to La Vereda Compound Entrance; enter and take second right to Unit #15.
  • Architectural Style: Pueblo
  • Garage Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Levels: Multi/Split
  • Basement YN: No
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Kiva, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Beamed Ceilings, Interior Steps
  • Living Area: 2018.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Flat
  • Lot Features: Drip Irrigation/Bubblers
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Direct Access, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Refrigerated
  • Utilities: High Speed Internet Available, Electricity Available
  • Heating: Forced Air, Natural Gas, Passive Solar
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4200.0
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Road Maintenance

Schools

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

Lot Info

  • Land Lease: No
  • Parcel #: 018400015
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Efficient Hot Water Distribution, Low-Flow Fixtures

Tax Info

  • New Taxes Expense: 9684.8
  • Tax Annual Amount: 6601.85
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2025
Sold by
Dahl Lisa
Bought by
In Food We Trust
Current Estimated Value
$1,213,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$956,250
Outstanding Balance
$956,250
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$253,807

Purchase Details

Closed on
Aug 8, 2025
Sold by
Custer Daniel
Bought by
Dahl Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$956,250
Outstanding Balance
$956,250
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$253,807

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 16, 2023
Sold by
James Richard Wilmer and James Linda Lee
Bought by
Custer Daniel
Seller's Agent
Shane Cronenweth
Sotheby's Int. RE/Washington
Buyer's Agent
Robert Thorwald
Santa Fe Properties
List Price
$1,250,000
Views
100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$1,633,950
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 21, 2021
Sold by
Wilmer James Richard
Bought by
Wilmer James Richard and Wilmer Linda Lee

Purchase Details

Closed on
Nov 24, 2020
Sold by
Dix David W
Bought by
Wilmer James Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2014
Sold by
Schreider Helen A and Helen A Schreider Living Trust
Bought by
Dix David W

Purchase Details

Closed on
Feb 4, 1999
Sold by
Schreider Helen A
Bought by
Schreider Helen A and Helen A Schreider Living Trust
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
In Food We Trust -- None Listed On Document
Dahl Lisa -- None Listed On Document
Custer Daniel -- None Listed On Document
James Richard Wilmer And Linda Lee Wilmer Liv -- None Listed On Document
Wilmer James Richard -- None Available
Wilmer James Richard -- Santa Fe Title Company
Dix David W -- Prima Title Llc
Schreider Helen A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dahl Lisa $956,250
Previous Owner Custer Daniel $1,633,950
Previous Owner Wilmer James Richard $510,400
Previous Owner Schreider Helen A $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold -- -- --
05/16/2023 05/16/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $1,250,000 -- $619 / Sq Ft
Source: Santa Fe Association of REALTORS®

Tax History Compared to Growth

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 $9,018 $1,183,426 -- $1,183,426
2023 $6,751 $860,130 $0 $860,130
2022 $6,602 $835,078 $0 $835,078
2021 $6,500 $270,252 $0 $270,252
2020 $3,608 $150,151 $0 $150,151
2019 $3,863 $158,295 $0 $158,295
2018 $3,891 $158,295 $0 $158,295
2017 $3,908 $158,295 $0 $158,295
2016 $4,313 $179,916 $0 $179,916
2015 $4,370 $181,183 $0 $181,183
2014 -- $106,580 $0 $106,580
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202337880

Santa Fe Association of REALTORS®

APN: 018400015