707 Middle San Pedro Road
Espanola, NM 87532
Map
- 3 beds
- 2 baths
- 2,155 sqft
- ~3/4 acre lot
- $199 per sqft
- 1948 build
- – on site
Charming Northern New Mexico Home with Water Rights, Rental Income & Easy Access to Los Alamos and Santa Fe Welcome to a rare blend of comfort, character, and investment opportunity in the heart of Middle San Pedro. This beautifully maintained 3-bedroom, 2-bathroom home sits on an expansive .79-acre lot with valuable water rights, offering space to relax, grow, and create your Northern New Mexico dream lifestyle. Just minutes from town, yet tucked into a peaceful and quiet neighborhood, this property is perfectly positioned for a short commute to both Los Alamos and Santa Fe, making it ideal for professionals, families, or anyone seeking a balance between convenience and tranquility. Step inside to discover warm natural light, a formal living room with a cozy fireplace, a separate family room, and inviting spaces that reflect the rich charm of Northern New Mexico. The thoughtful floor plan flows seamlessly to a private courtyard, perfect for morning coffee, evening gatherings, or simply enjoying the crisp county air. Outside, you'll find mature trees and plenty of open space to garden, entertain, or just unwind. The property includes a one-car garage with ample extra space for storage, two carports, and additional storage areas—offering both functionality and flexibility. What makes this home truly stand out is the included manufactured home with a shared private driveway, currently rented at $1,200/month. The renter will remain in place, giving the next owner immediate and consistent passive income—a valuable asset in any market. Even more appealing, this property comes with an assumable VA loan at a very low interest rate, offering significant long-term savings for qualified buyers in today’s high-rate environment. Whether you're looking for a peaceful retreat, an income-producing property, or a forever home with room to grow, this San Pedro gem delivers on every level—with the charm of New Mexico, the comfort of space, and the convenience of location. Don’t miss your chance to own one of the most well-rounded and desirable properties in the area—where lifestyle, land, and opportunity come together beautifully.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 6, 2025
•
MLS# 202502236 —
The Building
-
Year Built:1948
-
Year Built Source:PublicRecords
-
Architectural Style:NorthernNewMexico,OneStory
-
Construction Materials:Adobe,Frame,Stucco
-
Levels:One
-
Roof:Metal,Pitched
-
Basement:true
-
Basement:CrawlSpace
-
Security Features:SecuritySystem,DeadBolts,SurveillanceSystem
-
Accessibility Features:NotAdaCompliant
-
Building Area Total:2155.0
Interior
-
Interior Features:NoInteriorSteps
-
Flooring:Carpet,Laminate,Tile
-
Fireplace:$true
-
Fireplaces Total:1
-
Fireplace Features:WoodBurning
Room Dimensions
-
Living Area:2155.0
-
Living Area Units:SquareFeet
-
Living Area Source:Estimated
Financial & Terms
-
Lease Considered:false
Location
-
Directions:From Santa Fe, turn left onto Upper San Pedro, take a right onto Middle San Pedro, property is on the right. From Espanola, turn right onto Upper San Pedro and right onto Middle San Pedro.
-
Latitude:35.986358
-
Longitude:-106.060641
The Property
-
Parcel Number:R020923
-
Property Type:Residential
-
Property Subtype:SingleFamilyResidence
-
Property Subtype Additional:Detached,SingleFamilyResidence
-
Lot Size Acres:0.79
-
Lot Size SqFt:34412.4
-
Lot Size Area:0.79
-
Lot Size Source:Survey
-
Lot Size Units:Acres
-
Other Structures:Outbuilding,Storage
-
Waterfront:false
-
Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (505) 699-0618
- Office phone:
- (505) 983-5151
Taxes
-
Tax Legal Description:S: 11 T: 20N R: 08E 0.69 AC. SAN PEDRO NE1/4 BK/PG 42/247,136/421,533/1838, PLAT 126-A/678,
Beds
-
Bedrooms Total:3
Baths
-
Total Baths:2
-
Full Baths:2
The Listing
-
Virtual Tour URL Branded:https://my.matterport.com/show/?m=t1mA96jXvr8
-
Virtual Tour URL Branded 2:https://iframe.videodelivery.net/1f319135f2fff0c9c30039f035fd5e4a
-
Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=t1mA96jXvr8
-
Virtual Tour URL Unbranded 2:https://iframe.videodelivery.net/1f319135f2fff0c9c30039f035fd5e4a
Heating & Cooling
-
Heating:Baseboard,HotWater,NaturalGas
-
Heating:true
-
Cooling:false
-
Cooling:None
Utilities
-
Utilities:HighSpeedInternetAvailable,ElectricityAvailable
-
Sewer:PublicSewer
-
Water Source:Public
Appliances
-
Appliances:Dryer,Dishwasher,ElectricCooktop,Microwave,Oven,Range,Refrigerator,WaterSoftener,Washer
Schools
-
Elementary School:Unknown
-
Middle Or Junior School:Carlos F. Vigil Espanola Middle School
-
High School:Espanola Valley High
The Community
-
Association:true
-
Association Fee:20.0
-
Association Fee Includes:Other,SeeRemarks,Water
-
Association Fee Frequency:Annually
Parking
-
Garage:true
-
Garage Spaces:1.0
-
Attached Garage:false
-
Carport:true
-
Parking Total:2.0
-
Parking Features:Carport,Detached,Garage
Monthly cost estimate
Asking price
$430,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,302
|
| Taxes | N/A |
| Insurance | $118 |
| HOA fees | $2 |
| Utilities | $168 See report |
| Total | $2,590/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
