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604 W Sanchez St, Espanola, NM, 87532

1beds
2baths
1,011sqft
$160,000
$158price/sqft
$1,045/moest. monthly cost
$41,800/yrincome needed

About This Home

A truly unique adobe town home, perched on a small hill in Española, offers breathtaking views of the valley and the Sangre de Cristo Mountains. This property presents an exciting opportunity for a visionary buyer to transform it into an incredible home. Previously used as a beauty salon and massage parlor, the structure itself is remarkable. Its appeal lies in the semi-exposed adobe walls, beautiful plank flooring, and artistic walls, all awaiting a creative touch to make it a showcase residence. The original home was previously divided by a false wall, and into two separate units, each with its own front and back door. Removing this wall would easily restore the property to its original single-family configuration. The property currently features two bathrooms, one of which has been recently remodeled. Guests are welcomed by a charming porch bordered by small gardens. The front yard offers parking with a graveled pathway leading to the gardens and porch. The private backyard provides additional parking and ample secluded outdoor space. This is not a home for just anyone, but it is the perfect canvas for someone with vision.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

5/10
6/10

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Slab
  • Roof: Metal

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • 3/4 bathrooms: 2

Features

  • Interior Steps
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning,Wood BurningStove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Wood Stove,Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 1,011
  • Total interior livable area: 1,011 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 1046120236025
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 1,001-1,250

Lot

  • Lot size: 8,712 sqft

Parking

  • Total spaces: 4
  • Parking features: None

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
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Wildfire
    WildfireRelatively High
  • Earthquake
    EarthquakeModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Earthquake
Winter Weather

FEMA Declared Disasters in Rio Arriba County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $809$9,708
Home Insurance *$59$708
Property Taxes $29$348
Electricity $148$1,780
Total$1,045$12,540
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,828/yr
40% on housing$31,350/yr
45% on housing$27,866/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$158This listing

vs Other Active Listings

Avg $/sqft

ZIP 87532$174
Rio Arriba County$712

vs Homes Sold Last Month

Median $/sqft

ZIP 87532$174
Rio Arriba County$200

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

DateEventPrice
2026-05-06Price change$170,000
2026-04-11Listed for sale$180,000
2026-04-05Pending sale$180,000
2026-03-17Price change$180,000
2025-12-15Listed for sale$190,000

For Sale by Agent

AgentEmery Maez
BrokerageThe Maez Group

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