Can I Buy Anything in Santa Fe for $250,000? (for sale, foreclosures)
Santa FeSanta Fe County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm thinking about retiring in Santa Fe and can spend $250,000. Can I buy anything for $250,000? What will that buy me? I want to buy somewhere safe in a good area near town.
As of today, there are 265 homes for sale in Santa Fe that are priced up to $250,000. They range from 1 to 3 bedrooms, are mostly under 2000 sq.ft., are single level, two-story and split-level, are in most parts of town with the southwest and south being most predominant, and are either condos, townhomes or single family homes.
In other words, there's a decent selection at that price range.
Today there are 53 single family homes and 4 mobile homes priced up to $200,000 primarily in the Airport Road/southwest part of town. Some are short sales or foreclosures which are sold "as is." There's a mix of single and 2-story and while most are under 1500sf, there are some that are larger. You originally said you wanted "to buy somewhere safe in a good area near town"; since that is somewhat subjective (although for a "safe" measurement you can get objective crime reporting maps from the county sheriff or city police) you'll have to decide whether homes in this price range - or any other price range for that matter - fit that criteria.
I'm not sure what your definition of "close" is. But...I am retired and have considered a move to the Santa Fe area. I would definitely check out Eldorado, which is about 10 miles southeast of downtown Santa Fe. When I first looked there some years ago, I don't think I could find anything under $400k. But now...there are some under $250k. Of course, it depends on what you like, but the large lots and amenities at Eldorado appeal to me.
Yes, there are 6 homes currently for sale in Eldorado for under $250,000. Of these 2 are foreclosures and 2 are short sales. Except for one, they are all under 1500 sq.ft., 3 have 3BR and 3 have 2 BR, and all are one one level. Generally speaking the values tend to be better in Eldorado; but some people think the drive (12 - 15 minutes) into town is too much.
We live off of West Alameda in a house we purchased for under $250,000. I guess the only drawback is a small kitchen, but otherwise its a cute adobe-like home. We did have burglary problems in the neighborhood, but that is true for almost all of Santa Fe. Its nice to live in close to town and near the river walk -- you just won't have a large, or new, home.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
