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12 Old Rail Pass
Stunning contemporary pueblo style home, with stunning views of 4 mountain ranges.
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
Best Santa Fe Market in 5 Years
The number of Santa Fe, New Mexico residential sales in the first quarter 2012 was the highest in five years. No doubt this is due to improving consumer confidence.
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
Condo Ordinance City of Santa Fe
City of Santa Fe Introduces Ordinance to Address Condominiums Not Meeting Zoning Density Requirements
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:
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The condo units are unconstructed being held in the form of reserved development rights;
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The condos are ALL owned by the Original Declarant; or
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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
Santa Fe NW City Limits
Santa Fe, New Mexico, NW city limits – fine countrified living, 15 minutes to town.
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
Reverse Mortgages – age 62+
Reverse purchases over 62 – hot ticket – High down 30-35 % depending on age – no credit score, no income requirements no payment as long as you live in it…what more do you want ???
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
