2829 State Highway 14 N, Madrid, NM, 87010
About This Home
Seller says AC is coming!! Step into the heart of Madrid’s storied past with this rare 1895 miner’s cabin—originally part of the town’s first subdivision—now beautifully refreshed for modern living. Lovingly preserved and thoughtfully updated, this unique property blends historic character with contemporary comfort, offering endless possibilities for full-time living, an artist’s retreat, or a live/work opportunity thanks to its commercial zoning. Anchored on a full foundation, the home retains its original oak flooring, balanced with new waterproof vinyl flooring in the kitchen and bath for everyday ease. Modern enhancements include a fresh stucco exterior with coded wall insulation, cement siding with new paint, and a new forced-air furnace with A/C coil already in place—making the home ready for future central air. A brand-new septic tank, updated bathroom with engineered marble vanity and new fixtures, and insulated Pella wood/clad windows further enhance both function and charm. The 240± square foot basement offers excellent expansion potential, with plumbing already roughed in for a future bath—perfect for a guest suite, studio, or workspace. Outdoors, a private yard with irrigation and a 250-gallon propane tank supports easy living, while pretty views of the Ortiz Mountains and surrounding hills frame the home with New Mexico’s signature beauty. Connected to Madrid’s water system and just a short stroll from galleries, cafés, and live music, this property is a rare gem: historic, beautifully updated, and ready for its next chapter. The .36 acre lot behind this property is available for purchase if the buyer is interested, please inquire for more information.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1895
Materials
- Foundation: Basement
- Roof: Metal
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Oven,Range,Refrigerator
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- No Interior Steps
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 964
- Total interior livable area: 964 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 076004091
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Living area range: 501-1,000
Lot
- Lot size: 7,405 sqft
Parking
- Total spaces: 3
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 | $1,916 | $22,992 |
| Home Insurance * | $253 | $3,036 |
| Property Taxes | $196 | $2,352 |
| Electricity | $148 | $1,780 |
| Total | $2,513 | $30,156 |
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 |
|---|---|---|
| 2026-07-22 | Listed for sale | $379,000 |
| 2025-12-15 | Listing removed | $379,000 |
| 2025-10-29 | Price change | $379,000 |
| 2025-10-20 | Listed for sale | $425,000 |
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