704 Elm St, Magdalena, NM, 87825
About This Home
Move in ready with options for artist residence, stargazing or income producing potential! Main house welcomes you with a private courtyard with 2 bedrooms and hardwood floors. *What's special* The back yard boasts a 1-bedroom, 1 bathroom Casita with a kitchen and living room that is perfect for guests or rental income. Property also includes a finished workshop with electrical which is great for storage or additional living space. The private backyard, surrounded by mature trees, is great for entertaining. Furniture conveys with home.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1930
Materials
- Foundation: Slab
- Roof: Metal,Pitched
- Construction materials: Block,Frame,Synthetic Stucco,Wood Siding,Rock
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Free-Standing Gas Range,Microwave,Refrigerator,Range Hood,Washer
- Laundry features: Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- Beamed Ceilings,Bookcases,Breakfast Area,Ceiling Fan(s),Country Kitchen,Kitchen Island,Main Level Primary
- Window features: Double Pane Windows,Insulated Windows
- Flooring: Carpet Free,Tile,Wood
- Number of fireplaces: 2
- Fireplace features: Gas Log,Outside,Wood Burning Stove
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric,Wood Stove
- Cooling features: None,Window Unit(s)
Interior Area
- Total structure area: 1,178
- Total interior livable area: 1,178 sqft
Kitchen
- Level: Main
- Area: 142.83
Living Room
- Level: Main
- Area: 282.73
Primary Bedroom
- Level: Main
- Area: 138.98
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: R012932
- Zoning: Out of MLS Area
- Zoning description: R-1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio
- Exterior features: Courtyard,Fire Pit,Private Entrance,Privacy Wall,Private Yard,Propane Tank - Owned,Water Feature
- Fencing: Wall
Lot
- Lot size: 6,969 sqft
- Features: Corner Lot,Landscaped
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
- Hail
- Lightning
- Wildfire
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Socorro 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 | $1,253 | $15,036 |
| Home Insurance * | $247 | $2,964 |
| Property Taxes | $119 | $1,428 |
| Electricity | $148 | $1,780 |
| Total | $1,767 | $21,204 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-15 | Listed for sale | $268,900 |
| 2024-10-06 | Listing removed | -- |
| 2024-04-11 | Listed for sale | $265,000 |
| 2021-08-31 | Sold | -- |
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