For sale

Price cut: $25K (7/6)

$225,000

5 S Arroyo Rd, Cerrillos, NM 87010

1beds

779sqft

$1,423/mo

Get pre-qualified

Single Family Residence

Built in 1967

3,049 Square Feet Lot

$-- Zestimate^®

$289/sqft

$-- HOA

What's special

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.

96 days
507
24

Facts & 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

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