This property is walking distance to everything offered in the heart of Santa Fe.  Located just on the edge of the eastside, across from the South Capital district, it is easy walking to Canyon Road, Downtown, the Guadalupe District and Railrunner,  and of course, the Plaza.  True urban living in the heart of Santa Fe!

Adobe construction shows beautifully in the 150+ year old main structure.  Original wood floors, plaster walls, and fabulous Santa Fe charm.  The guesthouse is as sweet as can be and has a fabulous European style bathroom, all open and and all in one.

Oh and a garage and parking for up to 5 cars…AND RAC zoned for speciality retail, gallery, and other businesses.  And with a very flexible floor plan and a large yard and the guesthouse, this property offers something for everyone.  4 bedrooms/3 baths. 2025 sq ft main, 324 sq ft guest.

(Scroll down for a video presentation on the property for additional information.)

New listing with Urban, work/live option. Great residential and/or gallery/retail (RAC Zoning) location.  Main House and European style guest house. Authentic Adobe construction, beautiful wood and tile floors, newer kitchen, very flexible floor plan. Vigas, beams and kiva fireplaces. Great patio/yard to enjoy our awesome warm weather. Located on Historic Old Santa Fe Trail. Truly walking distance to the Plaza, shopping and galleries.

721 Old Santa Fe Trail – Main House & Guest House
MLS# – 201002894 – $699,000

Call Team Different to see this property or some of our other fabulous homes.

Santa Fe Market Report
Featuring Santa Fe’s Eastside
Presented by Prudential Santa Fe

Active SFAR Listings
(6/30/10)
Residential: 2792
Residential Land: 1534
Farm & Ranch: 130
Commercia Buildings: 195
Commercial Land: 76
Live/Work: 20
Multi Family: 36

Eastside Area Snapshot
Residential Listings (6/30/10)
Active: 124
Pending: 14
Sold: 53*
Average DOM: 201*
Average Listing Price: $712,840*
Average Selling Price: $668,177*
% of List Price: 94%*

*Sold (7/01/09-6/30/10)

Days on Market (DOM)
Eastside Area – Residential Sold*

Selling Price: % of List Price
Eastside Area – Residential Sold*

MLS Comparison, Sales Year To Date
Eastside Area – Residential – 2009 v. 2010
(1/1/09-6/30/09) – (1/1/10-6/30/10)

Here is a new listing that is priced right for the investor or for a first time home buyer,

2nd home buyer, or someone who is ready to downsize.  Passive solar gain, brick floors,

beams and kiva fireplace, and a sweet patio/yard to enjoy our awesome warm weather.

2 bedrooms and 2 full baths, located just near the Pacheco post office.

2069 Placita de Quedo, 980 sq ft.  MLS #201002083,  $199,000

WATER RIGHTS
Most of the water in the southwest and New Mexico is governed by Prior Appropriation, a “water law”. This water law says that whoever first, historically, used the water in a beneficial way has the right to that source of water. The user must give reasonable proof of the amount of water historically put to beneficial use.

The Native Americans were the first persons in New Mexico to put water to a beneficial use. In water law suits the amount they historically used is often used. Law suits have increased as population and water needs increase.

The water belongs to the state in New Mexico. In some cases we only own the right to use the water. This right is personal property and in some cases it may be sold. There are ground and surface rights.
Ground rights are those that people get by tapping into underground water i.e. domestic wells. These rights are rarely severed from the land. All well rights must be recorded at the Santa Fe County Courthouse. Change of ownership and records are at the State Engineer’s Office.

A surface water right is the right to divert surface water. This can be a stream on your property or an irrigation ditch, commonly called an acequia. These rights can usually be sold. By doing this it often compromises the entire acequia association and other irrigators.
How much water you can use depends on the amount of surface water rights that accompany your property. Also if there is a well, how much water you can use depends on when it was drilled and where in the county it is located.

Water is measured by acre feet. One acre foot of water is 325,851 gallons. That would be enough water to cover an acre at a depth of one foot. So you can get a better picture the average household, city or county, use between ¼ and 1/3 of an acre foot.

Water rights are expected to be used. If the water is not used the right to use it may be terminated and revert to the state. Important point – your water rights or entitlement does not guarantee that all “wet water” is really available.

If you are purchasing a new home, ranch, farm or farmette consult a local attorney who specializes in water rights. Make sure you know how to keep your rights active.

Santa Feans are by and large conservative with their water use. Native landscaping is becoming more popular and low flow toilets and plumbing fixtures are being used more often. Our water consumption, per capita, is well below that of Phoenix, Denver, Las Vegas and other New Mexican cities.

If you need more information about water rights or are looking to purchase a home in the Santa Fe County contact:

“THE REALITY REALTORS”
Team Different – Lynne Murray and Grace Berge –
505-231-2136
or email us at teamdifferent@prusantafe.com
our website
www. Santafehomes-teamdifferent.com

The spring market is upon us. Here are some ideas:

1. Check out the Stucco – nothing looks worse than walking up to a home and the Stucco is cracked and falling off. It’s going to come up in the inspection so why not get it taken care of and remove it from the Buyers objection list. Nice looking Stucco sets off the architectural details of the home and makes them stand out. I have had Buyers that take one look at home as we pull in the driveway and say. “Pass this one!”
2. Well painted and taken care of trim can set a house apart from all the rest. It can also be memorable to the Buyer. Window boxes with great flowers can be very special. Look at the houses on your block and do something different. Maybe something rich and subtle.
3. For special occasion you always dress up, so dress up your house; selling it is a special occasion. Make sure that there is a great visual mix of colorful flowers, grasses and great rock. Make sure it is easy maintenance and here is Santa Fe native Xericscapeplant are great.
4. The entrance to the home is vital. Portals and Portico’s or a porch can set you apart from the 10 other homes the Buyer is looking at. All of these can add living space and it is especially nice to have a welcoming entrance before entering the living room.
5. Another key factor in having the buyers pulling up to your curb is PRICE. Talk to your Real Estate Professional; have them go over the local Absorption Table with you. You will learn some very interesting things.