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| Type: | Single Family |
| Address: | 1245 Madrid Road, Santa Fe, NM, 87505 |
| Bedrooms: | 4 |
| Bathrooms: | 2.8 |
| Year Built: | 1963 |
| Sq. Footage: | 2345.0 |
| Price/Sqft: | $202.35 |
| Property Tax: | new! $2,002 
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| Price: | $474,500 |
| Sale Type: | For Sale By Owner |
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Additional features: Floors: 1, School district: Wood Gormley
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This house sits on 1.14 acres of land in the Wood Gormley school district. It is blocks from the CCA campus, which includes the Children's Museum, is just under two miles to the Plaza and just over one mile to Museum Hill. It is part of the Lovato Grant Subdivision which precludes any lot splits, creating a very stable community. The original house was built circa 1963; the studio and master suite addition was built circa 1990.xa0It is possible to build a guest house/studio on the property
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The entire house is approximately 2365 square feet. The main house includes three bedrooms, an open concept living room, dining room, and kitchen, plus a large studio; separate and completely private is an attached apartment.xa0
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Currently the apartment is rented for $525.00, plus 15%%%% of utilities. This apartment has been continuously occupied since it was converted over 15 years ago, so it has been a very stable source of income. It is approximately 400 square feet, plus a medium sized tiled bathroom and a very large storage area. This apartment could remain as is, for rental income, or be reincorporated into the rest of the house. And there is a two-car carport.xa0
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The heat is forced air in the main part of the house, and baseboard radiant in the studio and apartment. There is one fireplace in the dining area, plus a very efficient and attractive cast iron gas fireplace in the living room.xa0
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