4080 Highway 107 Magdalena, NM 87825

Features

• Price/sqft: $89
• Lot Size: 62.8 acres
• Stories: 2

Facts

• Year Built: 01/01/1996
• Property ID: 656707877
• Property Type: Multi-family (2-4 units)
• County: SOCORRO

Description

This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. Casa Santiago is a beautiful two-story adobe and frame (2nd story) open floor plan southwestern hacienda. There are over 1200 sf of covered porches and deck, and large windows with big skylights in both the pool/greenhouse area, as well as the master bedroom. The property fenced, or in some areas walled around the home, has a small barn, well house, and mature ponderosa pine, plains cottonwood, honey locust, and poplar trees. It's much like an oasis. The driveway (2/10 mi long) has had extensive fill and blade work done recently, and is topped with over 4o tons of fresh gravel. Radiant floor heating, passive solar from all the south-facing glass, and a wood heater keep winter outside. The upstairs loft/mezzanine is approximately 1300 sf, with an enclosed walk-in closet, and 3/4 bath. Stained glass window accents can be found both upstairs and down, as well as stained glass kitchen cabinet doors. Interior is undergoing some final painting and detail work now, with more to be accomplished on the exterior if and when. There is an unfinished guesthouse/studio on the property and stacks of flagstone that never got laid. The home always has been, and continues to be, a work in progress. More photos are on the way as soon as time allows. Thanks for looking! Feb 6 - 2020Price has been reduced to $420,000 - mainly due to the fact that the well has had problems and the owner is now looking at an $18,000 ticket to get a new treatment system. This is an excellent opportunity for someone who wants an adobe in the southwest. We can furnish folks with info on the new treatment equipment and a breakdown of the costs associated with installation. Please email or phone. If you'd like to talk with the well outfit about what's what, I'm sure that can be arranged.