2 months on rocket

638 E Palace Ave, Santa Fe, NM, 87501

$995,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Full Bath
838 SqFt
$1,187/SqFt
Condo

Location

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638 E Palace Ave, Santa Fe$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1920
HeatingHeat Pump
CoolingDuctless, Central Air
BasementYes
FireplaceKiva, Wood Burning
MLS #202404317
StatusActive

About 638 E Palace Ave

A Tiffany’s jewel box in Santa Fe’s Historic Eastside! This designer 1 bedroom/1 bathroom adobe condo, built in the 1920s, is located 3 blocks from The Plaza and Canyon Rd and is the gem of the coveted East Palace Avenue. Completely renovated in 2020, this property offers an open floor plan with front and back gardens designed by Linda Churchill of the Santa Fe Botanical Gardens and the interior is a blend of Santa Fe meets Manhattan penthouse. The living/dining area offers soft, natural light, an elegant kiva fireplace, refinished oak floors and recessed art lighting. The kitchen is a true masterpiece with Ebony Macassar cabinetry, solid brass hardware by Water Street and premium Asko, Subzero and Wolf appliances and the Classico Quartz countertops and Black Marquina marble tile on the walls add to the bold and striking aesthetic. Adjacent to the kitchen is a spacious bedroom with custom closets and beautiful French doors that lead to the generous South-facing portal and back courtyard garden with a beautiful flagstone patio; an absolute oasis of natural beauty. The bathroom is also a work of art with a black and white marble mosaic walk-in shower, a custom rosewood vanity with bronze hardware and a black Nero Marquina marble top. The hidden secret of this property is a generous basement for storage, unheard of in The City Different. The list of the 2020 upgrades also includes new ductless heating, A/C and upgraded electrical and plumbing. 638 East Palace is exceptional in sophistication and elegance, a bright jewel in Santa Fe’s architectural treasure chest.

Property Details

Property Features

Property Information:

  • Architectural Style: Pueblo
  • Year Built: 1920
  • Living Area: 838 SqFt

Listing Office:

  • Office Name: Barker Realty, LLC
  • Office Phone: (505) 982-9836
  • Listing Agent: Stephanie Duran, Amanda Erwin

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Beamed Ceilings, No Interior Steps
  • Fireplace: Kiva, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Ductless, Central Air

Other

Directions Information:

  • Directions: On E Palace between Rodriguez & El Alamo streets, south side of the street

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $1,187/SqFt

HOA Fees:

  • Amount: $1600
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,192
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Santa Fe, NM.

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Santa Fe, NM

City

Med. Sold Price

$617.8K

Med. Price/SqFt

$361

Avg. Days On Market

46

# of Sold Homes

131

638 E Palace Ave vs Santa Fe

69 DAYS ON ROCKET

+23 Days

$995,000

+$377.1K More

$1,187/SqFt

+$825 More

KEY TAKEAWAY

This property is $377.1K more than the Median Sold Price and $825/SqFt more than other homes in Santa Fe, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SFAOR
  • MLS Number: #202404317

Listing Office:

  • Office Name: Barker Realty, LLC
  • Office Phone: (505) 982-9836
  • Listing Agent: Stephanie Duran, Amanda Erwin

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: 12/18/2024, 12:21:00 PM 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
2020$1,192$49,591
2019$1,175$48,147
2018$1,149$46,745
2017$1,120$45,383

History based on county public records data.

Payment Calculator

$5,167

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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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-4530801
8
/10

  • Acequia Madre Elementary School

  • 700 Acequia Madre

  • 0.30 miles

  • Public District Grades KG-6

school-card-donut-4530802
9
/10

  • Wood-Gormley Elementary School

  • 141 E Booth St

  • 0.81 miles

  • Public District Grades KG-6

school-card-donut-4530803
8
/10

  • Carlos Gilbert Elementary School

  • 300 Griffin St

  • 1.02 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,885. Typical income of Santa Fe, 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

Frequently Asked Questions About 638 E Palace Ave

What is the listing price of this property?

The listing price of 638 E Palace Ave property is $995,000.

What type of property is this?

The property 638 E Palace Ave is a condo located in Santa Fe, New Mexico, 87501.

Is this property for sale now?

Active Listing: 638 E Palace Ave 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 2020 is $1,192 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 638 E Palace Ave has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 638 E Palace Ave is 838 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 638 E Palace Ave is 1920.

Rocket Homes›New Mexico›Santa Fe County›Santa Fe›87501›638 E Palace Ave

This home is located at 638 E Palace Ave in Santa Fe, NM and zip code 87501 in the North Hills neighborhood. This 838 square foot home was built in 1920. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $995,000.

In November 2024, from all listings sold in Santa Fe, NM there were more than 15 sold above asking price, over 87 sold below and more than 28 were sold right at the asked price. Between October 2024 and November 2024, Santa Fe, NM real estate market has seen decrease in the number of listings by 6.1%. The median list price of listings available in November 2024 was $617,833, while the average time on the real estate market was 46 days.

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

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