In San Pedro Creek Overlook – gated community with security, clubhouse/pool. Five minute drive to Pako Ridge golf course.

Green building design w/AAC block-aerated autoclave concrete – 12 inch walls, and effective passive solar design. AAC block is mold resistant, fire proof, quiet.

Stained concrete floors with radiant heat. Rich clay plaster and paints.

Viking Chef’s dream kitchen, granite counter tops & amp; alder cabinets.

A must see. 45 minutes from Santa Fe, 20 minutes from Albuquerque, off Hwy 14.

Price: $775,000, MLS: 201201742
Acres: 3.16, Area: 77-Sandoval
Bedrooms: 3, Baths: 4, Garage: 3
Total Sqft: 3200

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

Santa Fe home buyers now realize record low interest rates will not be here forever. A one point rise in the interest rates will wipe out the savings of current Santa Fe home prices.

Currently, Santa Fe home prices are now 20-30% below from the top of the market.

However the amount of listings is down my 30% from 2010. So the buyer home options are fewer. The buyer’s ability to negotiate aggressive deals is fading fast in Santa Fe.

One other market fact – there have been few new Santa Fe homes built in past 3 years. So as Santa Fe home demand increases and inventory shrinks, home prices begin to rise.

For more information see The Santa Fe New Mexican.

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

A new state law effective beginning May 16, 2012 will provide New Mexico cities with the option of requiring written confirmation that condominiums meet the existing zoning density in a community.  If the proposed city ordinance is passed, the new law will require that any new residential condo declaration contain such confirmation from the land use director before being recorded by the county clerk.  The law will also require that if an accessory dwelling unit is added to a property and does not meet the underlying zoning density, a restrictive covenant be recorded at the office of the county clerk before a construction permit is issued.

 According to the proposed ordinance, existing residential condominiums that do not meet zoning density requirements will become Nonconforming Residential Condominiums, unless:

• The condo units are unconstructed being held in the form of reserved development rights;

• The condos are ALL owned by the Original Declarant; or

• The condos were constructed without required construction permits. (The city is creating a path to legal status for these units if all required construction permits and a certificate of occupancy can be issued.)

The ordinance will also permit a Nonconforming Residential Condominium that is destroyed to be reconstructed if the unit complies with other applicable provisions of the city’s land use code.  The law also clarifies how principal and accessory dwelling units can be rented.

 To read the full copy of the proposed ordinance, click here.

Background

Many years ago the City amended its zoning ordinance to permit rental of guesthouses.  Section 14-6.3(C)(1) SFCC 1987 expressly permits the owner of the property to occupy either the principal dwelling unit or the accessory dwelling unit and to rent the other structure.  For many years, because the use was the same, that is, occupancy for residential purposes, many attorneys and realtors interpreted this to mean that the main house and guest house could also be sold under the condominium form of ownership.  With a condominium, an owner occupies both the house and guesthouse because the owners own their respective condominium unit.  However, the practice permitted the creation of condominiums that did not meet the underlying zoning density requirements.  The ordinance proposed by the City of Santa Fe is an attempt to create a certain legal status for these condominiums to protect the property rights of purchasers.

 Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

Expect the newest designs in the NW city limits – big ceilings, clerestory & large bay windows, covered portals with kiva fireplaces, swimming pools, and more…..

Contemporary SW Architecture and Design are key to these stunning homes. Open floor plans, indoor/outdoor feel, perennial gardens, diamond plastering.

And of course the Spanish influence – vigas, latillas, portals, nichos, diamond plastering, Saltillo tile, Mexican tile.

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

This is designed for people who have sold their family home and are retiring and buying down here – I can say this can literally save someone’s retirement –

Reverse Purchase Story

When we were ready to retire and move south, with adequate savings and funds for a down payment, we found that we did not qualify for a conventional mortgage because we could no longer offer proof of enough regular income.

A realtor friend suggested that we contact Drew Richman. With his help and our reverse mortgage we now live in our beautiful new home, with no worries about losing it and no more payments for the rest of our lives!  We did not have to prove our income or our credit score.

 Ann  Lamm, Santa Fe, NM

Drew Richman
ACCEPTANCE CAPITAL MORTGAGE CORPORATION
Branch Manager –

Mortgage Broker/Banker NMLS #289152

Never a complaint !

Please look it up.  www.nmlsconsumeraccess.com
drichman@acceptancecapital.com
www.myacmc.com/new-mexico.html

A survey of real estate economists and analysts reported home prices should stabilize this year, rebound in 2013 and accelerate in 2014.

Finally, Freddie Mac’s weekly survey revealed that national average mortgage rates hit new all-time lows for 15-year fixed-rate loans and were just above the record low for 30-year mortgages.

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

SANTA FE, N.M. (WTW)  The state Court of Appeals has upheld the constitutionality of a law capping residential property tax valuation increases until a home changes ownership.  Had the court tossed out the law, it was possible that longtime New Mexico homeowners could have faced significant tax increases if their homes were reassessed and property values rose.

Under a state law that took effect in 2001, most people are subject to a 3 percent limit on how much property values can climb each year for tax purposes. But the restriction doesn’t apply when a home changes hands, and critics say new homeowners can be hit by “tax lightning” because their property tax bills often are much higher than their neighbors when the valuation of the house is reassessed for tax purposes.

 Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

Check out these government resources while you are checking out Santa Fe, New Mexico.

City of Santa Fe

Santa Fe County

State of New Mexico

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe

You know, big trees, old houses, folks taking their daily walk.

Sure you can walk down to the Santa Fe Plaza, or catch a fine meal in the many downtown restaurants.

Neighbors know their neighbors in this part of town, some for five generations.

In Southeaset Santa Fe, most properties subject to historical review.

That means things pretty much stay the way they are – all renovations have to be approved by Historical Review.

Southeast Santa Fe home prices range $800,000 – $8 million.

Anthony Atwell, Associate Broker, ABR,CRS,GREEN   505-670-2177

Serving you Santa Fe Real Estate and Santa Fe Style for 21 Years.

Sotheby’s International Realty, Santa Fe