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.
For sale
Price cut: $25K (7/6)
$225,000
5 S Arroyo Rd, Cerrillos, NM 87010
1beds
779sqft
:
Get pre-qualified$1,378/mo
Single Family Residence
Built in 1967
3,049 Square Feet Lot
$-- Zestimate®
$289/sqft
$-- HOA
What's special
- 50 days |
- 643 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Laurie Frantz 505-920-1346,
Real Broker LLC 505-557-4976
Source: SFARMLS,MLS#: 202602440
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Propane, Wall Furnace
Cooling
- None
Appliances
- Included: Oven, Range, Refrigerator
Features
- Interior Steps
- Flooring: Tile, Wood
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 779
- Total interior livable area: 779 sqft
Property
Parking
- Total spaces: 3
- Parking features: None
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,049 Square Feet
Details
- Parcel number: 076004058
- Zoning: R-1, 2, 3, 4, 5, 6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,See Remarks
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Basement
- Roof: Metal,Pitched
Condition
- Year built: 1967
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Dead Bolt(s)
HOA
- Has HOA: No
Location
- Region: Cerrillos
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $119,176
- Annual tax amount: $574
- Date on market: 6/4/2026
- Listing terms: Cash,New Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $225,000-10%$289/sqft |
Source:  SFARMLS #202602440 Report a problem | ||
| 6/4/2026 | Listed for sale | $250,000$321/sqft |
Source: SFARMLS #202602440 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $574 +2.3% | $88,837 +3% |
| 2024 | $561 +0.1% | $86,251 +3% |
| 2023 | $561 -4.7% | $83,740 +3% |
| 2022 | $589 +2% | $81,302 +3% |
| 2021 | $577 +2.3% | $78,935 +209% |
| 2020 | $565 +2% | $25,545 +3% |
| 2019 | $553 +2.7% | $24,802 +3% |
| 2018 | $539 | $24,080 +3% |
| 2017 | $539 +3.5% | $23,379 +3% |
| 2016 | $521 | $22,698 +3% |
| 2015 | $521 +8.6% | $22,037 +3.1% |
| 2014 | $479 +23.7% | $21,374 |
| 2013 | $388 +1.6% | -- |
| 2012 | $381 +2% | -- |
| 2011 | $374 +4% | -- |
| 2010 | $359 +4.9% | -- |
| 2009 | $343 +3.9% | -- |
| 2008 | $330 +1.7% | -- |
| 2005 | $324 +9.3% | -- |
| 2004 | $297 -7.2% | -- |
| 2003 | $319 +5.6% | -- |
| 2002 | $303 -4.5% | -- |
| 2001 | $317 +3.5% | -- |
| 2000 | $306 | $17,411 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87010
Nearby schools
GreatSchools rating
- 4/10Amy Biehl Community School At Rancho ViejoGrades: PK-6Distance: 15.9 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 20.4 mi
- NASanta Fe EngageGrades: 9-12Distance: 17.9 mi
Schools provided by the listing agent
- Elementary: Turquoise Trail
- Middle: Edgewood Middle School
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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