0 Backroad

Madrid, NM
$ 59,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Heart of Madrid! This lot offers a rare opportunity to build right in the center of downtown Madrid. Traditional Community zoning allows for residential construction and a wide range of light commercial uses, including as a gallery or inn. Plus, as an added bonus, the property is located just outside the Madrid historical overlay district, giving greater architectural freedom in your construction plans. Property is located just steps off of NM 14 and slopes gently upward, providing a generous buildable area, with mountain views from the back of the property, along Harvey Rd. If you are looking to construct a home or build a business catering to the ample foot traffic in downtown Madrid, this property will serve you well!

Land

  • Price
  • $ 59,000
  • Lot Size
  • 7,492 SqFt
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Madrid
  • Taxes
  • $ 429
  • County
  • SANTA FE
  • Style
  • Residential Lot
  • Area
  • Madrid-Cerrillos
  • MLS#
  • 202102343
  • Zip
  • 87505
Listing Provided by: Matthew Kreitzer with EXP Realty Santa Fe.
Data Source: Santa Fe Association of Realtors

Features

General

Bank Owned No
Class RESIDENTIAL LAND
Electric Public
Elementary School Amy Biehl Community
HOA Fee $20/yr
High School Santa Fe
Listing Area 12-Madrid/Cerrillos
Middle School Milagro
Possession At Closing
Price Per Sq Ft 347058.82
Short Sale No
Showing Instructions ShowingTime
Status Active
Status Active
Tax Year 2020
Type Residential Lot
Utilities Yes
Water Supply None
Zoning None/Other

Exterior Features

Improvements No
Lot Dimensions Approx. 50' x 150'
Lot Sq Ft 7492
Sewage Septic Required
Water Rights Available No
Wells No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the White Rock, NM office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Amy Biehl Community Elementary School
Middle School Milagro Middle School
High School Santa Fe High School

Price History

6/5/2021 Listed $59,000

Property vs Zip Code Average in 87505

Price
AVG $570K
$60K
Taxes
AVG $1,977
$429
Visits
AVG 34
18
Walkscore
AVG 25
34
Data Provided by Walkscore ® not using MLS data

Map

0 Backroad Madrid, NM is a Single Family Home for sale at $59000 and a lot size of 7,492 SqFt Acre(s). 0 Backroad Madrid has 0 bedrooms, 0 baths . The property's zip code is 87505 which is in Madrid, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.