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707 Middle San Pedro Road

Espanola, NM 87532
  • $430,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 202502236
UPDATED: 56 min ago
$430,000
  • 3
    BEDS
  • 0.79
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,155
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1948
County:
Area:

School Information

Elementary School:
High School:

Description

Charming Northern New Mexico Home with Water Rights, Rental Income & Easy Access to Los Alamos and Santa Fe Welcome to a rare blend of comfort, character, and investment opportunity in the heart of Middle San Pedro. This beautifully maintained 3-bedroom, 2-bathroom home sits on an expansive .79-acre lot with valuable water rights, offering space to relax, grow, and create your Northern New Mexico dream lifestyle. Just minutes from town, yet tucked into a peaceful and quiet neighborhood, this property is perfectly positioned for a short commute to both Los Alamos and Santa Fe, making it ideal for professionals, families, or anyone seeking a balance between convenience and tranquility. Step inside to discover warm natural light, a formal living room with a cozy fireplace, a separate family room, and inviting spaces that reflect the rich charm of Northern New Mexico. The thoughtful floor plan flows seamlessly to a private courtyard, perfect for morning coffee, evening gatherings, or simply enjoying the crisp county air. Outside, you'll find mature trees and plenty of open space to garden, entertain, or just unwind. The property includes a one-car garage with ample extra space for storage, two carports, and additional storage areasoffering both functionality and flexibility. What makes this home truly stand out is the included manufactured home with a shared private driveway, currently rented at $1,200/month. The renter will remain in place, giving the next owner immediate and consistent passive incomea valuable asset in any market. Even more appealing, this property comes with an assumable VA loan at a very low interest rate, offering significant long-term savings for qualified buyers in today's high-rate environment. Whether you're looking for a peaceful retreat, an income-producing property, or a forever home with room to grow, this San Pedro gem delivers on every levelwith the charm of New Mexico, the comfort of space, and the convenience of location. Don't miss your chance to own one of the most well-rounded and desirable properties in the areawhere lifestyle, land, and opportunity come together beautifully.

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Santa Fe Association of Realtors logo © 2025 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-07-18T11:51:35.403.
www.theverybestofsantafe.com/homes/164208418
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707 Middle San Pedro Road Espanola, NM 87532

  • Price: $430,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 56 min ago
  • MLS #: 202502236
3
Beds
2
Baths
0
½ Baths
0.79
Acres
2,155
SQFT
$200
$/SQFT
1948
Built
Neighborhood:
33-San Pedro
County:
Rio Arriba
Area:
33-San Pedro
Elementary School:
Unknown
Middle School:
Carlos F. Vigil Espanola Middle School
High School:
Espanola Valley High
Property Description
Charming Northern New Mexico Home with Water Rights, Rental Income & Easy Access to Los Alamos and Santa Fe Welcome to a rare blend of comfort, character, and investment opportunity in the heart of Middle San Pedro. This beautifully maintained 3-bedroom, 2-bathroom home sits on an expansive .79-acre lot with valuable water rights, offering space to relax, grow, and create your Northern New Mexico dream lifestyle. Just minutes from town, yet tucked into a peaceful and quiet neighborhood, this property is perfectly positioned for a short commute to both Los Alamos and Santa Fe, making it ideal for professionals, families, or anyone seeking a balance between convenience and tranquility. Step inside to discover warm natural light, a formal living room with a cozy fireplace, a separate family room, and inviting spaces that reflect the rich charm of Northern New Mexico. The thoughtful floor plan flows seamlessly to a private courtyard, perfect for morning coffee, evening gatherings, or simply enjoying the crisp county air. Outside, you'll find mature trees and plenty of open space to garden, entertain, or just unwind. The property includes a one-car garage with ample extra space for storage, two carports, and additional storage areasoffering both functionality and flexibility. What makes this home truly stand out is the included manufactured home with a shared private driveway, currently rented at $1,200/month. The renter will remain in place, giving the next owner immediate and consistent passive incomea valuable asset in any market. Even more appealing, this property comes with an assumable VA loan at a very low interest rate, offering significant long-term savings for qualified buyers in today's high-rate environment. Whether you're looking for a peaceful retreat, an income-producing property, or a forever home with room to grow, this San Pedro gem delivers on every levelwith the charm of New Mexico, the comfort of space, and the convenience of location. Don't miss your chance to own one of the most well-rounded and desirable properties in the areawhere lifestyle, land, and opportunity come together beautifully.
Exterior Features

Architectural Style Northern New Mexico One Story Attached Garage YN No Carport YN Yes Construction Materials Adobe Frame Stucco Garage YN Yes Levels One Other Structures Outbuilding Storage Parking Features Carport Detached Garage Parking Total 2 Roof Metal Pitched Waterfront YN No

Interior Features

Appliances Dryer Dishwasher Electric Cooktop Microwave Oven Range Refrigerator Water Softener Washer Basement Crawl Space Basement YN Yes Cooling None Cooling YN No Fireplace Features Wood Burning Fireplace YN Yes Fireplaces Total 1 Flooring Carpet Laminate Tile Heating Baseboard Hot Water Natural Gas Heating YN Yes Interior Features No Interior Steps Living Area 2155

Property Features

Accessibility Features Not ADA Compliant Association Fee 20 Association Fee Includes Other See Remarks Water Disclosures Lead Based Paint Disclosure Land Lease YN No Lease Considered YN No Listing Terms Assumable Cash Conventional New Loan Property Attached YN No Property Sub Type Single Family Residence Property Sub Type Additional Detached Single Family Residence Sale Or Lease Indicator For Sale Security Features Security System Dead Bolt(s) Surveillance System Sewer Public Sewer Special Listing Conditions Standard Utilities High Speed Internet Available Electricity Available Water Source Public

Santa Fe Association of Realtors logo Listing provided courtesy of Andres Serna of Keller Williams Realty: (505) 983-5151. © 2025 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2025 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-07-18T11:51:35.403.
 
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