701 Terrace Ave, Chama, NM, 87520
About This Home
This beautiful home sits right in the perfect location to enjoy all that Chama has to offer. Only a small walk from the train deport, restaurants and downtown businesses, this location is PERFECT! Currently used as a vacation home, this home sits in the commercial district of Chama. Used in the past as a business, museum for the Cumbres & Toltec Scenic Railroad, and residence, the options are endless. Whether looking to open a business, own a long or short term rental or use the home as you please, the can let your dreams go wild. As they say, LOCATION, LOCATION, LOCATION, this is the perfect location to set your roots in the beautiful Village of Chama.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Metal
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Interior Area
- Total structure area: 673
- Total interior livable area: 673 sqft
Property
Details
- Parcel number: 1017184260267
Features
- Fencing: Wood
- Has view: Yes
- Topography of land: Wood, Irregular Lot
Lot
- Lot size: 4,356 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Wildfire
- Winter Weather
- Drought
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Rio Arriba County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $803 | $9,636 |
| Home Insurance * | $168 | $2,016 |
| Property Taxes | $29 | $348 |
| Electricity | $148 | $1,780 |
| Total | $1,148 | $13,776 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listed for sale | $159,000 |
| 2026-07-16 | Pending sale | $159,000 |
| 2026-06-26 | Price change | $159,000 |
| 2026-05-23 | Price change | $169,000 |
| 2021-07-06 | Pending sale | $84,900 |
| 2021-06-10 | Listed for sale | $84,900 |
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