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2872 Nm #14, Cerrillos, NM 87010

$410,000

2
beds
1
baths
1,400
sqft
1940
year built

A potentially commercial/residential property in heart of the popular artist and entertainment tourist destination, Madrid New Mexico is right on the Turquoise Trail National Scenic Byway, Hwy 14. Property is perfectly situated for a vacation rental, retail/gallery or home. Covered front porch entrance into a spacious and sunlit front room-gallery, kitchen, bathroom, bedroom, and a back room that could be a second bed room or an office. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia. There are two restaurants within a ten minute walk, Owner may finance with acceptable down payment of $143,500 at 7%.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1940
  • 0.17 Acre Lot
  • $20/yr HOA
  • 156 days on Market

  • Bedrooms
    2
  • Bathrooms
    1
  • Year Built
    1940
  • Stories
    2.0
  • Architectural Style
    Northern New Mexico
  • Living Area
    1400.0
  • Flooring
    Wood
  • Cooling
    Window Unit(s), Evaporative Cooling
  • Heating
    Propane

  • Acres
    0.17
  • Utilities
    Electricity Available

  • County
    Santa Fe
  • City
    Cerrillos
  • Zip Code
    87010
  • High School
    Capital
  • Middle School
    Capshaw
  • Elementary School
    Turquoise Trail

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Frequently Asked Questions

How do I schedule a tour of 2872 Nm #14?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2872 Nm #14.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2872 Nm #14?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 1 bath, listed for $410,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Cerrillos, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2872 Nm #14?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 2872 Nm #14 at around $2,223. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2872 Nm #14?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Santa Fe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2872 Nm #14?

In most cases, yes. Whether 2872 Nm #14 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Cerrillos's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2872 Nm #14?

We can handle that for you. Our preferred local agent specializes in residentials in Cerrillos and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $410,000 with 1,400 sqft of space—that comes out to approximately $293 per square foot.

How long has this property been on the market?

2872 Nm #14 was listed on June 05, 2026, which means it's been on the market for 156 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1940, making it approximately 86 years old.

What is the lot size of this property?

2872 Nm #14 sits on a 0.17-acre lot, which is 7,405 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Turquoise Trail
  • Middle: Capshaw
  • High: Capital

Want to see how these schools compare? Check out our Santa Fe County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $20 paid annually.

Is 2872 Nm #14 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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Last Updated: November 08, 2026 at 06:53AM | Source: Santa Fe Association of REALTORS | MLS#: 202602489