Located in the serene hills between Madrid and Cerrillos, New Mexico, this 8.516-acre property offers an ideal retreat from the city while maintaining convenient proximity to both Santa Fe and Albuquerque. With highway frontage and electricity running across the lot ready to be connected, it ensures easy access and various building possibilities. Enjoy breathtaking panoramic views of the Santa Fe, Sangre de Cristo, and Jemez mountains, overlooking the picturesque Cerrillos hills. Nearby, explore numerous recreational opportunities including hiking, biking, and expansive open spaces.
Property Details
Property Features
Listing Office:
Office Name: Santa Fe Realty Unlimited
Office Phone: (505) 467-8829
Listing Agent: Marshall Duran
Interior Features
Interior Information:
Basement: No
Exterior Features
Exterior Information:
Exterior: None
Lot Features
Lot Information:
Lot: Views
Lot Size: 8.52 Acres
School Info
Assigned Schools Information:
Capital High School, Public District Grades 9-12
Calvin Capshaw Middle School, Public District Grades 7-8
Other
Directions Information:
Directions: Take NM 14 south of Santa Fe approximately 18 miles, south of Cerrillos north of Madrid.
Price Information
Listing Price Info
Price Summary:
List Price: $80,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cerrillos, NM.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$467
Per Month
Principal & Interest
$400
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$306
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school19.26 miles
Public District Grades 7-8
High School
5
/10
Capital High School
4851 Paseo Del Sol
Distance between this listing and this school14.98 miles
Public District Grades 9-12
Nearby Schools
2
/10
Santo Domingo Elementary School
100 Hwy 22 West
Distance between this listing and this school9.14 miles
Public District Grades PK-5
4
/10
Cochiti Elementary School
800 Quail Hill Trl
Distance between this listing and this school13.40 miles
Public District Grades PK-5
6
/10
Amy Biehl Community School At Rancho Viejo
310 Avenida Del Sur
Distance between this listing and this school14.73 miles
Public District Grades KG-6
Assigned Schools
4
/10
Calvin Capshaw Middle School
351 East Zia Rd
Distance between this listing and this school19.26 miles
Public District Grades 7-8
Nearby Schools
3
/10
Santo Domingo Middle School
100 Hwy 22 West
Distance between this listing and this school9.14 miles
Public District Grades 6-8
4
/10
Cochiti Middle School
800 Quail Hill Trl
Distance between this listing and this school13.40 miles
Public District Grades 6-8
Assigned Schools
5
/10
Capital High School
4851 Paseo Del Sol
Distance between this listing and this school14.98 miles
Public District Grades 9-12
Nearby Schools
8
/10
Academy For Tech & Class
74 A Van Nu Po Rd
Distance between this listing and this school13.73 miles
Public Charter Grades 7-12
7
/10
The Master Program
6401 S Richards Ave
Distance between this listing and this school15.33 miles
The neighbors living near this home have an average income of $64,080. Typical income of Cerrillos, NM residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Cerrillos, NM
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Cerrillos, NM?
Cerrillos features a unique housing market with a blend of traditional Southwestern adobe homes and more contemporary styles. The area is known for its rural charm and smaller population, which is reflected in the housing options available. While there is a limited number of multi-family dwellings, the majority of residences are single-family homes that offer a sense of privacy and connection to the natural surroundings.
Is Cerrillos, NM a good place to live?
Cerrillos prides itself on its rich history and cultural heritage, which is evident in its well-preserved historical sites and local artisan community. The town's character is shaped by its artistic spirit and the scenic beauty of the surrounding high desert landscape. Community events and local galleries showcase the town's commitment to preserving and celebrating its artistic and historical identity.
Are things conveniently located in Cerrillos, NM?
The community of Cerrillos provides essential services to its residents, including educational resources and healthcare facilities within a reasonable distance. Local businesses and restaurants reflect the town's cultural heritage, offering a taste of the local cuisine and arts. The town's services are scaled to its size, ensuring that residents have access to necessary amenities while maintaining the area's quaint, small-town feel.
What does the transportation in Cerrillos, NM look like?
Transportation options in Cerrillos are primarily geared towards private vehicle use, with a network of roads connecting residents to nearby towns and cities. Public transportation options are limited, reflecting the rural nature of the community. The area's walkability is centered around the historic downtown, where residents and visitors can enjoy a leisurely pace and the town's unique character.
Frequently Asked Questions About 0 Old Madrid
What is the listing price of this property?
The listing price of 0 Old Madrid property is $80,000.
What type of property is this?
The property 0 Old Madrid is land located in Cerrillos, New Mexico, 87010.
Is this property for sale now?
Active Listing: 0 Old Madrid is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 0 Old Madrid are: Calvin Capshaw Middle School: GreatSchools Rating 4/10Capital High School: GreatSchools Rating 5/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0 Old Madrid in Cerrillos, NM and zip code 87010. This home sits on a 8.52 acre lot. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $80,000.
Cerrillos, NM housing market in August 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 3 sold below. The number of listings in Cerrillos, NM increased by 9.5% between July 2024 and August 2024. While the average time on the market in August 2024 was 184 days, the median list price was $380,000.
From Rocket Homes Real Estate and based on county public records data.