2859 Nm 14 Cerrillos, NM 87010
Property details
About 2859 Nm 14
Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing prime location. Property features: Main gallery/commercial floor with adjoining artist studio, kitchen, and bath, second level, private-entry loft apartment currently operating as a licensed Airbnb, and a private, free-standing 3bd/1ba home. Parking for 3 cars. All spaces recently renovated, with excellent natural lighting, this property shines as a bright and fresh investment, business opportunity, residential home, or all of the above. Ideal for an artist or entrepreneur. Option to purchase the existing business, and to keep the long-term rental tenant. Additional option to purchase all furniture/items in Airbnb to enable continuous business operation upon sale. Details to be discussed with the current owner and business operator. Recent improvements include new septic, new electrical panel, mini-split AC/heat units, exterior and interior paint job, lighting upgrades, exterior power-washing, gutter cleaning, professional window cleaning, and landscape upgrades. The property features two large water tanks, one for rainwater catchment, and other for freshwater delivery. Membership to Madrid Community Water will also transfer with the sale.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Basement: No
- Flooring Type: Laminate, Tile, Wood
- Interior: Interior Steps
- Total Bedroom Count: 4
- Architectural Style: Northern New Mexico
- Heating: Heat Pump, Propane
- Cooling: Ductless, Heat Pump, Central Air
- List Price: $989,000
- Price/SqFt: $332
- Annual Tax Amount: $3,586
- Tax Year: 2023
- Directions: In Madrid on the west side of Highway 14 at the corner of Bridge Road.
- Year Built: 1990
- Living Area: 2,978 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 202502250
- MLS Name: SFAOR
- Office Name: Hardy & Company
- Office Phone: (505) 629-0010
- Office Email: steve@stevehardy.com
- Listing Agent: Stephen J. Hardy
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Last updated on: 7/23/2025, 6:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $125,130 | $3,586 |
| 2022 | $103,027 | $2,989 |
| 2021 | $103,602 | $2,989 |
History based on county public records data.
Nearby schools
2
Santo Domingo Elementary School
Public District PK-5
10.7 mi
•100 Hwy 22 West
4
Cochiti Elementary School
Public District PK-5
15.4 mi
•800 Quail Hill Trl
6
Amy Biehl Community School at Rancho Viejo
Public District PK-6
15.6 mi
•310 Avienda Del Sur
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,080. The majority of Cerrillos, NM residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Applebees
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
Living in Cerrillos, NM
Transportation options in Cerrillos are primarily geared towards private vehicle use, with a network of roads connecting residents to nearby towns and cities. Public transportation options are limited, reflecting the rural nature of the community. The area's walkability is centered around the historic downtown, where residents and visitors can enjoy a leisurely pace and the town's unique character.
The community of Cerrillos provides essential services to its residents, including educational resources and healthcare facilities within a reasonable distance. Local businesses and restaurants reflect the town's cultural heritage, offering a taste of the local cuisine and arts. The town's services are scaled to its size, ensuring that residents have access to necessary amenities while maintaining the area's quaint, small-town feel.
Cerrillos prides itself on its rich history and cultural heritage, which is evident in its well-preserved historical sites and local artisan community. The town's character is shaped by its artistic spirit and the scenic beauty of the surrounding high desert landscape. Community events and local galleries showcase the town's commitment to preserving and celebrating its artistic and historical identity.
Cerrillos features a unique housing market with a blend of traditional Southwestern adobe homes and more contemporary styles. The area is known for its rural charm and smaller population, which is reflected in the housing options available. While there is a limited number of multi-family dwellings, the majority of residences are single-family homes that offer a sense of privacy and connection to the natural surroundings.
About 2859 Nm 14
The listing price of 2859 Nm 14 property is $989,000.
The property 2859 Nm 14 is a house located in Cerrillos, New Mexico, 87010.
Active Listing: 2859 Nm 14 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2859 Nm 14 are: Santo Domingo Elementary School (GreatSchools Rating 2/10), Cochiti Elementary School (GreatSchools Rating 4/10), Amy Biehl Community School at Rancho Viejo (GreatSchools Rating 6/10), Turquoise Trail Charter School (GreatSchools Rating 6/10), Santo Domingo Middle School (GreatSchools Rating 3/10), Cochiti Middle School (GreatSchools Rating 4/10), Academy for Technology & Classics (GreatSchools Rating 8/10), Capital High School (GreatSchools Rating 5/10), The Masters Program (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $3,586 (source: MLS/based on county public records data).
The property at 2859 Nm 14 has 4 bedrooms and 2 full and 1 half bathrooms.
The property 2859 Nm 14 is 2,978 SqFt (source: MLS/tax record).
The year of construction for 2859 Nm 14 is 1990.
This home is located at 2859 Nm 14 in Cerrillos, NM and zip code 87010. This 2,978 square foot home, which was built in 1990, sits on a 0.12 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $989,000.
While more than 0 listings in Cerrillos, NM in June 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The inventory of homes for sale in Cerrillos, NM between May and June 2025 increased by 5.9%. Listings spent 59 days on the market in June 2025, and had a median list price of $505,500 during the same period.