See all 46 photos

$499,000

Est. payment - /mo

Save Virtual Tour

5 Beds

2 Baths

1,017 SqFt

New

203 State Highway 3 Ribera, NM 87560

Save Virtual Tour

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Lance Eaton

lance@exitvista.com +1(505) 695-0442

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,017 sqft

Price per Sqft $490

MLS Listing ID 202604544

Style Northern New Mexico

Bedrooms 5

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1935

Lot Size 0.860 Acres

Acres 0.86

Property Sub-Type Single Family Residence

Property Description

A charming compound: two homes and a very large studio that was historically a dance hall in the village of Ribera - provides the perfect live/work opportunity. Live in one home and rent out the other while you operate an art gallery or retail space where the Ribera Farmer's Market has been located. Both homes have that Southwestern Style with vigas, and both have been recently updated with new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, mini splits, wood stove, granite counters, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the studio - commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The guest house casita has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, wood stove, and is fully fenced. It has rented for $1,100 per month, and it has its own electric meter. The Sala studio - commercial building is a large adobe and rock building with high ceilings and gorgeous vigas. There is plenty of parking all around, with views of the mesa and close to I-25 for a 20 minute drive to Las Vegas NM or 40 minutes to Santa Fe. Villanueva State Park is just down the road with camping and hiking. This beautiful New Mexico style compound has income and space to live and work in a beautiful environment! Be sure to watch both video tours in the video links. Great 1031 exchange. Seller open to paying for interest rate buy down with acceptable offer.

Location

State NM

County San Miguel

Rooms

Basement Crawl Space

Interior

Interior Features No Interior Steps

Heating Ductless, Wood Stove

Cooling Ductless, Refrigerated

Flooring Wood

Fireplaces Number 2

Fireplaces Type Wood Burning Stove

Fireplace Yes

Appliance Dryer, Dishwasher, Oven, Range, Refrigerator, Water Heater, Washer

Exterior

Water Access Desc Community/Coop

Roof Type Metal

Accessibility Not ADA Compliant

Total Parking Spaces 10

Private Pool No

Building

Entry Level One

Sewer Septic Tank

Water Community/Coop

Architectural Style Northern New Mexico

Level or Stories One

Additional Building Guest House Detached, Studio Detached

Schools

Elementary Schools Unknown

Middle Schools Unknown

High Schools West Las Vegas High

Others

Security Features Dead Bolt(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://player.momenzo.com/?id=6adbe3e1de06f788b35318ad&$web_only=true&_branch_match_id=1396620503276941966&utm_source=web&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXz83PTc2rytdLLCjQy8nMy9ZP1Q83swxIrfCLKDFPsq8rSk1LLSrKzEuPTyrKLy9OLbJ1zijKz00FAAEAEIFAAAAA

Listed by Kitty Ballard-Ryan • Berkshire Hathaway HomeService

Nearby Locations

GET MORE INFORMATION

Lance Eaton

Qualyfing Broker/Owner REC-REC-2024-0082

+1(505) 695-0442

203 State Highway 3 Ribera, NM 87560

Lance Eaton

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

203 State Highway 3