47 State Highway 581, Espanola, NM, 87532
About This Home
This charming adobe home is ready for its new owners to step inside and appreciate its potential. Featuring original oak wood flooring (currently under carpet), the interior offers a clean slate, allowing a buyer to easily personalize the space. The property includes a two-car garage and a lovely screened-in outdoor porch. The land (3.6 acres) is a fantastic feature, surrounded by mature vegetation. While mostly covered in grass now, it can be readily prepared for planting the buyer's choice of fruits, vegetables, and/or flowers. There is ample space for farm animals. For the avid gardener or farmer, the property is equipped with valuable irrigation rights and a dedicated extra well for working the soil. Outbuildings provide perfect storage for all landscaping and farming tools. This home and land are poised to become a dream dwelling for a family that enjoys a vibrant lifestyle, both indoors and out, surrounded by nature and the things they cherish.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Roof: Metal
Type & Style
- Home type: SingleFamily
- Architectural style: Northern New Mexico
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Interior Steps
- Number of fireplaces: 1
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 1,914
- Total interior livable area: 1,914 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 1047119142016
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Living area range: 1,751-2,000
Lot
- Lot size: 3.60 Acres
Parking
- Total spaces: 10
- Parking features: Attached,Direct Access,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Cold Wave
- Winter Weather
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 | $3,413 | $40,956 |
| Home Insurance * | $253 | $3,036 |
| Property Taxes | $123 | $1,476 |
| Electricity | $148 | $1,780 |
| Total | $3,937 | $47,244 |
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 |
|---|---|---|
| 2026-03-24 | Listed for sale | $712,000 |
For Sale by Agent
View on Zillow