Madrid NM Homes for Sale

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Type:
Single Family
Sq.Ft.:
1,300
Status:
Active
Beds:
3
Lot size:
0.16 Acres
Year built:
1912
Baths:
1.00
MLS#:
202404745

ADDITIONAL INFORMATION

Prime Property on Madrid’s Main Strip !! Discover an exceptional opportunity in the heart of Madrid, NM! This 3-bedroom, 1-bathroom property is ideally located on the vibrant main strip, offering unmatched potential as both a residence and a commercial space. Zoned for both uses, this home is perfect for an art studio, gallery, or creative business venture. The Casita is a great rental opportunity. The home has been thoughtfully updated with numerous upgrades, blending modern comforts with Madrid’s unique charm. A standout feature is the custom-built catio, new butcher block ,new counter tops and cabinets, upgraded appliances. Home also has upgraded electrical, 220 Amp. Seller spent around 23,000 upgrading the home. The Home boast tons of storage space, the attic plus the outdoor shed. Whether you’re looking to live, work, or create in one of New Mexico’s most artistic communities, this property offers endless possibilities. Don’t miss this rare chance to own a piece of Madrid’s rich culture and history! ASSUMABLE VA LOAN AT 4.5%, SELLER IS ASKING FOR 23% DOWN. Take advantage of this rare opportunity to save on today's mortgage market!

Type:
Single Family
Sq.Ft.:
1,224
Status:
Active
Beds:
2
Lot size:
0.18 Acres
Year built:
1990
Baths:
2.00
MLS#:
202403907

ADDITIONAL INFORMATION

Gorgeous and Updated commercial/Residential property located in the heart of Historic Madrid. Don't miss out on this charming spacious 2-bedroom 2 bath gem with many uses! With 1244 sq ft, this home boasts many features including a newly installed (industrial sized) refrigerated air HVAC unit, newer windows installed in 2019, vaulted ceilings and hardwood flooring, and a bonus area attic that doubles as a sleeping loft. There is an updated 3/4 bathroom and updated kitchen with lots of counter space and plenty of cabinets! Enjoy the outside with an elegant 2-tier stone patio located in the backyard for the upcoming fall evening! A detached 336 sq ft garage and a 100 sq ft storage shed are perfect for added storage or it can be used as a workshop/studio.

Type:
Single Family
Sq.Ft.:
500
Status:
Active
Beds:
1
Lot size:
1 Acres
Year built:
2011
Baths:
1.00
MLS#:
202403177

ADDITIONAL INFORMATION

Two Tiny Homes on a full acre in the artistic town of Madrid. One is Tiny, the other Tinier…..Less is more! Plans for the main Tiny home were designed by popular and well known tiny home builder, Tumbleweed Tiny House Company. Historic stone dynamite storage shed adds to the charm of the property. Centrally located across the street from the community park and baseball field.

Type:
Single Family
Sq.Ft.:
2,301
Status:
Active
Beds:
2
Lot size:
20 Acres
Year built:
2011
Baths:
2.00
MLS#:
202401900

ADDITIONAL INFORMATION

This mostly new off grid home is ready for its new owners! This quality open concept remodel is nearly completed and is waiting for your finishing touches with 2 kitchens, 2 baths and 2 bedrooms! Live in one area while you finish the other! All construction has been fully permitted including new stucco, windows and pitched pro-panel roof. Sited on 20 acres of peaceful scenic beauty, horses are welcome and the views are simply outstanding! Enjoy worry free off grid living with reliable water delivery service, propane gas and a generous solar panel system, including 6 Lithium batteries with room to expand! Nothing to do but move in and start living! This off grid home features a 1,100 gallon cistern providing ample water storage from a reliable local delivery service and currently supports a two person household, 2 horses, 6 dogs and Lucky the parrot. The lower level features a full kitchen, wood stove, one bedroom and one bath with an extra-large storage room! The permitted addition of the entire second level has more than doubled the living space and features a huge wrap around deck, new pro-panel pitched roof, new stucco and new windows. The tall, vaulted tongue and groove ceiling and large view windows bring in the light and jaw dropping views. New drywall, laminate flooring, and stubbed in electrical and plumbing are already in place. The high end kitchen appliances are still in the box and will be conveyed. Simply bring your imagination to finish this rare one-of-a-kind property. The flexible space allows for a single-family residence or use as a duplex. Live in one and rent the other! Reasonable covenants with No HOA. Horse facilities are in place with a large paddock and open air stall. There is also a large fenced in yard for your pets and plenty of storage including a shipping container which will stay with the property! Motivated sellers!!Please schedule in ShowingTime or call listing brokers directly.

Type:
Single Family
Sq.Ft.:
2,666
Status:
Active
Beds:
2
Lot size:
20 Acres
Year built:
1998
Baths:
2.00
MLS#:
202342143

ADDITIONAL INFORMATION

Introducing this extraordinary property on 20 acres that feature breathtaking views, nestled in the serene landscapes of Cerrillos, New Mexico. Only 45 minutes to Santa Fe, this charming earthen home allows you to experience year-round comfort as the home remains warm in the winters and cool in the summers. Meticulously crafted by visionary architect Michael Reynolds, this home features a 9000 gallon cistern water system and solar powered energy, ensuring self-sufficiency and eco-friendly living… and no utilities to pay for! Two kitchens, two bedrooms and a two bathrooms with equal living spaces, this property invites you to embrace a harmonious blend of modern comfort and natural beauty, making it an ideal forever home. Come see the view from your front door.

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Andrea Conner License # 20396 Xome Inc. License # 09022, [email protected] 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Santa Fe Association of Realtors® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing. © 2024 Santa Fe Association of Realtors® MLS. All rights reserved.



Madrid Real Estate

The median home value in Madrid, NM is $511,000. This is higher than the county median home value of $490,000. The national median home value is $338,100. The average price of homes sold in Madrid, NM is $511,000. Approximately 24.81% of Madrid homes are owned, compared to 53.38% rented, while 21.81% are vacant. Madrid real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madrid real estate agent to arrange a tour today!

Madrid, New Mexico has a population of 276. Madrid is less family-centric than the surrounding county with 18.61% of the households containing married families with children. The county average for households married with children is 23.22%.

The median household income for the surrounding county is $64,423 compared to the national median of $69,021. The median age of people living in Madrid is 59.6 years.

Madrid Weather

The average high temperature in July is 88 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 15 inches per year, with 31.1 inches of snow per year.

Madrid Real Estate Market Conditions

  • Median sales price

    $511,000
    16.7% change since last quarter
  • # Active listings

    9
    30-day change

Madrid Schools and Demographics

Education near Madrid, NM

Metric City County
High School Graduates 100 90.09
College Degree - 2 year 0 7.62
College Degree - 4 year 66.02 41.13
Graduate Degree 9.65 13.09
Expenditures per Student 15,138 15,138
Students per Teacher 15.3 15.3

Elementary Schools near Madrid, NM

School Grades Students P/T Ratio ZIP
Cesar Chavez Elementary School PK - 05 459 12.9 87505
Chaparral Elementary School KG - 06 412 15.8 87505
Cochiti Elementary School PK - 05 174 13 87041
E.J. Martinez Elementary KG - 06 306 15.5 87505
El Dorado Community School KG - 08 572 14.2 87505
Francis X. NAVA Elementary KG - 06 236 11.6 87505
Pinon Elementary School KG - 06 499 14.8 87505
R.M. Sweeney Elementary KG - 05 490 13.6 87505
Ramirez Thomas Elementary School KG - 05 487 14.7 87505

Middle Schools near Madrid, NM

School Grades Students P/T Ratio ZIP
Cochiti Middle School 06 - 08 79 10.2 87041
De Vargas Middle School 07 - 08 325 13.3 87505
Edward Ortiz Middle School 06 - 08 614 13.3 87505
Mandela International Magnet (Mims) 07 - 08 100 17 87505

High Schools near Madrid, NM

School Grades Students P/T Ratio ZIP
Capital High School 09 - 12 1,391 15.5 87505
Santa Fe Engage 09 - 12 83 20.8 87505
Santa Fe High School 09 - 12 1,722 17.6 87505

Ungraded Schools near Madrid, NM

School Grades Students P/T Ratio ZIP
* Academy At Larragoite 07 - 12 146 18.7 87505
NM School for the Deaf KG - 12 110 2.4 87505

Demographics near Madrid, NM

Metric City County
Neighborhood Type
Population 276 153,632
Population Density 199 80
Median Age 59.6 47.1
People per Household 1.3 2.3
Median Household Income N/A 64,423
Average Income per Capita 19,039 40,952