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For sale
  • $500,000

    1 Opera House Rd, Cerrillos, NM 87010

    3beds
    1,750sqft
    : 
    Single Family Residence
    Built in ----
    6,969.6 Square Feet Lot
    $-- Zestimate®
    $286/sqft
    $2/mo HOA

    What's special

    Original hardwood floorsUpgraded kitchenTwo upstairs bedroomsNewer metal propanel roofGranite countertopsWood stoveGas range
    This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity.  Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof.  The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage, while the guest house features its own stackable washer/dryer. Additional storage is available in the outbuilding and walk-in crawl space.  A fenced yard provides shade and a secure space for pets. From the classic front porch, enjoy views of the vibrant historic village and the scenic Turquoise Trail. The location offers easy walkability to restaurants, galleries, and the general store, with Cerrillos State Park nearby and convenient access to both Santa Fe and Albuquerque
    39 days
    |
    737
    |
    11
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 23, 2026 at 09:09am

    Listed by:

    Cynthia C. Sheff 505-470-6114,

    Sotheby's Int. RE/Grant 505-988-2533,

    Michael S. Sanford 505-916-6644,

    Barker Realty, LLC

    Source: SFARMLS,MLS#: 202600581MLS LogoOriginating MLS: Santa Fe Association of REALTORS

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Propane, Passive Solar, Wood Stove, Wall Furnace
      Cooling
      • None
      Appliances
      • Included: Dryer, Oven, Range, Refrigerator, Water Heater, Washer
      Features
      • Interior Steps
      • Flooring: Flagstone, Tile, Wood
      • Windows: Insulated Windows
      • Has basement: No
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning, Wood BurningStove
      Interior area
      • Total structure area: 1,750
      • Total interior livable area: 1,750 sqft

      Property

      Parking
      • Total spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Pool features: None
      Lot
      • Size: 6,969.6 Square Feet
      Details
      • Additional structures: Guest House Detached
      • Parcel number: 076004074
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other,See Remarks
      • Property subtype: Single Family Residence
      Materials
      • Frame, Other, Wood Siding
      • Roof: Metal,Pitched

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Community/Coop
      • Utilities for property: High Speed Internet Available, Electricity Available

      Community & HOA

      Community
      • Subdivision: Madrid Townsite
      HOA
      • Has HOA: Yes
      • Amenities included: Other, See Remarks
      • Services included: Common Areas, Road Maintenance
      • HOA fee: $20 annually
      Location
      • Region: Cerrillos

      Financial & listing details

      • Price per square foot: $286/sqft
      • Tax assessed value: $258,358
      • Annual tax amount: $1,296
      • Date on market: 2/27/2026
      • Listing terms: Cash,Conventional,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        2/27/2026Listed for sale$500,000+179.3%$286/sqft
        Source: SFARMLS #202600581 Report a problem
        4/3/2014Listing removed$179,000$102/sqft
        Source: Santa Fe Properties #201302829 Report a problem
        10/18/2013Listed for sale$179,000$102/sqft
        Source: Santa Fe Properties #201302829 Report a problem
        9/16/2013Listing removed$179,000$102/sqft
        Source: Santa Fe Properties #201302829 Report a problem
        8/15/2013Price change$179,000-1.6%$102/sqft
        Source: Santa Fe Properties #201302829 Report a problem
        8/2/2013Listed for sale$182,000+10.3%$104/sqft
        Source: Santa Fe Properties #201302829 Report a problem
        9/16/2011Listing removed$165,000$94/sqft
        Source: Santa Fe Properties #201101970 Report a problem
        8/13/2011Price change$165,000-7.8%$94/sqft
        Source: Santa Fe Properties #201101970 Report a problem
        7/16/2011Listed for sale$179,000-5.3%$102/sqft
        Source: Santa Fe Properties #201101970 Report a problem
        6/9/2011Listing removed$189,000$108/sqft
        Source: Santa Fe Properties #201101970 Report a problem
        4/27/2011Listed for sale$189,000$108/sqft
        Source: Santa Fe Properties #201101970 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$1,296 -0.1%$185,348 +3%
        2023$1,298 +2.6%$179,950 +3%
        2022$1,265 +2%$174,709 +3%
        2021$1,240 +2.3%$169,622 +209%
        2020$1,213 +2%$54,894 +3%
        2019$1,189 +2.7%$53,296 +3%
        2018$1,158 $51,744 +3%
        2017$1,158 +3.5%$50,237 +3%
        2016$1,119 $48,773 +3%
        2015$1,119 +8.6%$47,353 +146.5%
        2014$1,030 +195.7%$19,211
        2013$348 +1.6%--
        2012$343 -0.9%--
        2011$346 +1%--
        2010$343 +4.6%--
        2009$328 +3.4%--
        2008$317 +1.7%--
        2005$312 +9.3%--
        2004$285 -7.2%--
        2003$307 +5.6%--
        2002$291 -4.5%--
        2001$305 +3.5%--
        2000$294 $16,739

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $2,705/mo
        Principal & interest
        $2495
        Property taxes
        $208
        HOA Fees
        $2
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          Climate risks

          Neighborhood: 87010

          Getting around

          30 / 100
          Car-Dependent
          10 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Amy Biehl Community
          • Middle: Capshaw
          • High: Capital

          Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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