20 days on rocket

36 Penny Ln, Las Vegas, NM, 87701

$1,180,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
4,528 SqFt
$261/SqFt
House

Location

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36 Penny Ln, Las Vegas$1,180,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Carport, Direct Access, Garage, Heated Garage, RV Access/Parking
Attached Garage3 spaces
Year Built2008
HeatingBaseboard, Electric, Propane, Pellet Stove, Radiant Floor, Wood Stove
CoolingNone, Other
FireplacePellet Stove, Wood Burning Stove
MLS #202404511
Lot Size42.00 Acres
StatusActive

About 36 Penny Ln

Tara Ranch is a magical spot of profound quiet and serenity on a mostly flat, fully fenced, 42 acres. From the ranch gate, you drive on a ¼ mile long beautiful private driveway to the house and barn. The main house is a very substantial, well-built 4,500 sq ft home with 12' ceilings, diamond finish plaster walls, arches, large beams throughout and oversized living spaces and rooms to give a very spacious, gracious feel. The state of the art 6 stall “Barn Pros Equestrian Facilities” barn, features a full 1,600 sq ft apartment above it for caretaker or guests. The absolutely gorgeous views of Hermit’s Peak and the adjacent mountaintops offer complete privacy, as the property is surrounded on three sides by a 2,500-acre private ranch. For horse lovers, the 42 acres of great fescue grass are superb for riding, or training, on mostly flat land peppered by trees. The 45X60 ft horse pen is a great addition. The area of Hermit Peak and Johnson Mesa has a huge network of horse and offload trails, all extremely accessible by very well-maintained roads. Located just past the little pueblo of San Geronimo, Tara Ranch is an easy hour from Santa Fe and about half an hour from Las Vegas, NM. Built in 2008, this home is designed on one level with radiant floor heat enjoying nice open main living areas with living, dining and kitchen spaces all relishing the magnificent views. There is easy access to the covered portal for outdoor dining, grilling and enjoying the spectacular vistas. The backyard is fully fenced with decorative pole fencing. A heated 3+ car garage, with direct access to the inside of the home, is a wonderful bonus. The chef’s kitchen; with two ovens, large gas cook top with griddle, two sinks, wild stone granite counters, stainless appliances, huge pantry and plenty of cabinets, is a joy to cook in! The home has a great layout with the master bedroom, media/office and one guest bedroom on the west wing and the other two bedrooms, sharing a Jack and Jill full bath on the east wing. The master bedroom has access to a private covered portal with a 220 hook up should one like a hot tub, and the en- suite his and hers bath has a fabulous Jacuzzi tub in which to soak and look at the mountains, as well as large walk-in closet, two sinks and large shower with genuine coral stone tile. The near bedroom also has a full en suite bath. The barn has its own septic system, 6 stalls with rubber flooring, Tack room/workshop, hay storage, washing space for horses and a 45 X 60 fenced corral. It also has covered parking for an RV which could easily be converted into an additional coral to house horses or livestock in the three stalls that are currently not being used for animals. On the second story above the barn is a spacious 2-bedroom, 1-bath apartment, with a cozy wood burning stove, kitchenette and ample living space. The hand-crafted furniture southwest style currently in the home is also available for purchase, and should one want the two friendly and adorable donkeys, they could stay at no cost. The donkeys have been a fantastic way to keep coyotes off the property! The boiler was replaced in 2024 and the hot water heater in 2022. The private well provides plenty of water and the home also has a water softener. Tara Ranch is truly a special place on every level and a wonderful retreat from the hustle and bustle of town!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, One Story
  • Year Built: 2008
  • Living Area: 4,528 SqFt

Listing Office:

  • Office Name: Sotheby's Int. RE/Washington
  • Office Phone: (505) 988-8088
  • Listing Agent: Katherine Blagden, Jackson Blagden

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Purifier, Washer
  • Basement: No
  • Flooring Type: Carpet, Concrete, Tile, Wood
  • Interior: Beamed Ceilings, No Interior Steps
  • Fireplace: Pellet Stove, Wood Burning Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Horse Facilities

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached, Carport, Direct Access, Garage, Heated Garage, RV Access/Parking

Lot Features

Lot Information:

  • Lot Size: 42.00 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Propane, Pellet Stove, Radiant Floor, Wood Stove
  • Cooling: None, Other

Other

Directions Information:

  • Directions: I-25 North towards Las Vegas; Take Exit 339, turn Right and then Left onto Frontage Road heading North. Turn Left onto NM 283, bear left onto CR-A17 and continue to 3-way stop sign. Turn Left onto CR-A19A and Right onto Penny Lane.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,180,000
  • Price Per SqFt: $261/SqFt

Tax Information:

  • Annual Amount: $2,768
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Las Vegas, NM.

Med. List Price

$260K

Med. Price/SqFt

$173

Avg. Days On Market

133

36 Penny Ln vs Las Vegas

20 DAYS ON ROCKET

-113 Days

$1,180,000

+$920K More

$261/SqFt

+$88 More

KEY TAKEAWAY

This property is $920K more than the Median List Price and $88/SqFt more than other homes in Las Vegas, NM.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SFAOR
  • MLS Number: #202404511

Listing Office:

  • Office Name: Sotheby's Int. RE/Washington
  • Office Phone: (505) 988-8088
  • Listing Agent: Katherine Blagden, Jackson Blagden

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2024 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,768$117,683
2017$2,702$117,420

History based on county public records data.

Payment Calculator

$5,957

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,604

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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.

Nearby Schools

school-card-donut-347251
7
/10
  • Tony Serna Jr. Elementary School

  • 1725 New Mexico Ave

  • 9.71 miles

  • Public District Grades 4-4

school-card-donut-347252
4
/10
  • Don Cecilio Martinez Elementary School

  • 412 Santa Fe St

  • 9.72 miles

  • Public District Grades 2-3

school-card-donut-347253
4
/10
  • Los Ninos Elementary School

  • 474 Legion Dr

  • 11.01 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,721. The most common annual income of people living in Las Vegas, NM is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 36 Penny Ln

What is the listing price of this property?

The listing price of 36 Penny Ln property is $1,180,000.

What type of property is this?

The property 36 Penny Ln is a house located in Las Vegas, New Mexico, 87701.

Is this property for sale now?

Active Listing: 36 Penny Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,768 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 36 Penny Ln has 6 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 36 Penny Ln is 4,528 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 36 Penny Ln is 2008.

Rocket HomesNew MexicoSan Miguel CountyLas Vegas8770136 Penny Ln

This home is located at 36 Penny Ln in Las Vegas, NM and zip code 87701. This 4,528 square foot home, which was built in 2008, sits on a 42.00 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $1,180,000.

In October 2024 in Las Vegas, NM there were 23.1% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $260,000, while the average time on the real estate market was 133 days.

From Rocket Homes Real Estate and based on county public records data.

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