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Old 08-05-2013, 11:04 AM
 
314 posts, read 483,529 times
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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.
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Old 08-05-2013, 02:01 PM
 
Location: Santa Fe, NM
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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.
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Old 08-06-2013, 11:08 AM
 
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Let's ratchet that down to $200,000K. What can I buy for that that isn't a condo?
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Old 08-06-2013, 12:46 PM
 
Location: Santa Fe, NM
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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.
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Old 08-06-2013, 12:49 PM
 
Location: Santa Fe, NM
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Sorry daisy2010, it was suaz who asked for "safe and in a good area near town" - not you. That's what I get for trying to respond quickly!
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Old 08-06-2013, 01:38 PM
 
314 posts, read 483,529 times
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Yes, I'm still sticking to $250,000 in a good area close to town!
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Old 08-06-2013, 01:52 PM
 
Location: Sequim, WA
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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.
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Old 08-06-2013, 02:11 PM
 
Location: Santa Fe, NM
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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.
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Old 08-14-2013, 01:13 PM
 
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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.
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