5 S Arroyo Rd, Cerrillos, NM, 87010
About This Home
Rare opportunity to own one of the miners' shacks in Madrid! This house has been lived and worked in by the owners for about 18 years. It is 1b1b with a spacious partial loft upstairs which could be a second bedroom or living/work area. Original frame structure and wood floors in part of the house retain the flavor of mining life. There is a wood deck off the kitchen, with a view of the mountains and old coal apparatus remains. New roof April 2026; 200 amp electric. Madrid is one of New Mexico's treasures, with its history of mining back to the mid-1800s. Madrid was created as a company coal town in 1892, and most of these old structures were brought in on rail cars. Madrid is a thriving community now with a rich history and a sense of fun and commerce. Artsy and quirky, it's known as a destination for filming. About 20 miles south of Santa Fe; 42 miles south to I-40.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1967
Materials
- Foundation: Basement
- Roof: Metal,Pitched
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Other,See Remarks
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Oven,Range,Refrigerator
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Interior Steps
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: Propane,Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 779
- Total interior livable area: 779 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 076004058
- Zoning: R-1, 2, 3, 4, 5, 6
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Living area range: 501-1,000
Lot
- Lot size: 3,049 sqft
Parking
- Total spaces: 3
- 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
- Wildfire
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Fe 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 | $1,137 | $13,644 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $116 | $1,392 |
| Electricity | $148 | $1,780 |
| Total | $1,551 | $18,612 |
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 |
|---|---|---|
| 2026-07-06 | Price change | $225,000 |
| 2026-06-04 | Listed for sale | $250,000 |
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