$1,299,000
SOLD AUG 12, 2025
Last list price

707 E Palace Ave Unit 15 Santa Fe, NM 87501

3 Beds
3 Baths
2,018 Sq Ft
$438/mo HOA Fee

Recently Sold

$644 Per Sq Ft

157 Days on Market

Highlights

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

About This Home

As of August 2025

Perfectly located in the Historic Eastside, this 3 bedroom, 3 bath home with an attached 2 car garage is a rare offering. Located in the desirable La Vereda Compound, the home has been lovingly updated by the current and previous owners. Recent improvements include the kitchen with new counters and Miele appliances, central air conditioning and heating and bathroom upgrades. The open floor plan is perfect for entertaining and flows beautifully between the private patio and the living/dining areas. As an end unit it is bright and airy. The living room with a kiva fireplace, high ceilings, and glass roofed dining area is an inviting space. The drip irrigated, well landscaped gardens, with a zen-like water feature and mature trees offer a relaxing respite. The spacious upper-level primary bedroom suite features a kiva fireplace, walk-in closet, en-suite bath and opens onto a private deck overlooking the trees. The 2 guest bedrooms and baths are separated nicely offering privacy. The rarely found 2 car attached garage features a 220V vehicle charger, new opener, and bicycle storage. This home can be a perfect full-time residence or pied a tierre for a discerning buyer.

Last Agent to Sell the Property

Robert Thorwald

Santa Fe Properties License #19880 Listed on: 02/07/2025

Santa Fe Properties

Last Buyer's Agent

Elizabeth Buddington

Berkshire Hathaway HomeService License #54276

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,018

Year Built

  • Built in 1987

HOA Fees

  • $438 Monthly HOA Fees

Parking

  • 2 Car Attached 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
  • Insulated Windows
  • Home Security System
  • Dryer

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • 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

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,018

Year Built

Built in 1987

Lot Details

0

HOA Fees

$438 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Year Built: 1987
  • Prop. Type: Residential
  • Directions: Palace Avenue East to La Vereda Compound Entrance; enter go uphill and take second right to Unit #15. The unit will near the end of the common driveway.
  • Architectural Style: Pueblo
  • Garage Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Levels: Multi/Split
  • Accessibility Features: Not ADA Compliant
  • 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
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Flat
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Foundation Details: Slab

Garage/Parking

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

Utilities

  • Cooling: Central Air, Refrigerated
  • Utilities: High Speed Internet Available, Electricity Available
  • Heating: Forced Air
  • Security: Security System, Dead Bolt(s), Heat Detector, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 437.5
  • Association Fee Frequency: Monthly
  • Association: Yes

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

  • Lot Size Acres: 0.04
  • Zoning: R-1, 2, 3, 4, 5, 6
  • Land Lease: No
  • Lot Size Sq Ft: 1776.0
  • Parcel #: 018400015
  • Zoning Description: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2025
Closed on
Aug 20, 2025
Sold by
Dahl Lisa
Bought by
In Food We Trust
Seller's Agent
Robert Thorwald
Santa Fe Properties
Buyer's Agent
Elizabeth Buddington
Berkshire Hathaway HomeService
List Price
$1,375,000
Views
134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.61%
Original Mortgage
$956,250
Outstanding Balance
$956,250
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$253,807

Purchase Details

Listed on
Feb 7, 2025
Closed on
Aug 8, 2025
Sold by
Custer Daniel
Bought by
Dahl Lisa
Seller's Agent
Robert Thorwald
Santa Fe Properties
Buyer's Agent
Elizabeth Buddington
Berkshire Hathaway HomeService
List Price
$1,375,000
Views
134

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
Jun 16, 2023
Sold by
James Richard Wilmer and James Linda Lee
Bought by
Custer Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed -- Santa Fe Title Company
Warranty Deed -- Prima Title Llc
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $956,250 New Conventional
Previous Owner $1,633,950 Credit Line Revolving
Previous Owner $510,400 New Conventional
Previous Owner $75,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Sold -- -- --
07/14/2025 07/14/25 Pending -- -- --
04/27/2025 04/27/25 Price Changed $1,299,000 -4.8% $644 / Sq Ft
04/22/2025 04/22/25 Price Changed $1,365,000 -0.7% $676 / Sq Ft
02/07/2025 02/07/25 For Sale $1,375,000 -- $681 / 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

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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202500480

Santa Fe Association of REALTORS®

APN: 018400015