Santa Fe Neighborhood Quick Sketch: South Capitol

Rail traffic and an expanding middle class fueled the development of South Capitol in the early twentieth century. A rich and appealing collection of single family homes, condos, and small compounds, South Capitol charms with its architectural diversity. Craftsman bungalows intermingle with Pueblo Revivals, Victorians and Territorials. Construction materials run the Santa Fe gamut: adobe, brick, Pen-tile (a term for hollow bricks formerly made at the State Penitentiary) and framed stucco.   Mature trees abound thanks, in part, to the WPA.  Yards range in size from postage stamp patios to 1 acre spreads.

httpvhd://www.youtube.com/watch?v=dPaIDQ0TdAA  The district takes its name from its dominant landmark: the State Capitol AKA The Roundhouse, on Paseo de Peralta east of Don Gaspar.  Roughly bounded by Paseo de Peralta on the North, Old Santa Fe Trail on the East, and Cordova on the South, South Capitol’s western edge is less clearly defined.  Don Diego is the main artery yet the neighborhood breaks its line to include pockets of streets just west of Don Diego.

The Unitarian Universalist Congregation and  Temple Beth Shalom are both within the neighborhood’s confines. Nearby, on Old Pecos Trail, are the Santa Fe Children’s Museum, The Center for Contemporary Arts,  and The Armory for the Arts.  The elementary school that serves much of the area is Wood Gormley; Capshaw Middle School and Santa Fe High School serve the upper grades.

Great amenities abound in easy walking distance. What’s available depends on where you’re located. The Santa Fe Railyard is an intersection of galleries, shops, housing and public spaces.  Kaune’s Neighborhood Market and O’horis Coffee, on Old Santa Fe Trail, are an easy walk from the neighborhood’s eastern end.  Cordova offers a superabundance of restaurants and shopping including several of our favorite dining spots: The Pyramid Cafe, Saigon Cafe, Backstreet Bistro, and Maria’s. For groceries, head to Trader Joe’s and Wild Oats.  The neighborhood’s Northern end is just blocks from the Plaza with its trove of dining, coffee houses and shopping.  Walkability is high for Santa Fe.  Check out the Walk Score of our listings at 111 East Santa Fe Ave., The Bella Donna. Unit #4 is one of five contemporary restorations.

httpvhd://www.youtube.com/watch?v=iPlDs3iuSac  For a deeper look at issues of interest to homebuyers, check out the following resources. CrimeReports.com is self explanatory.  Usually, I turn to city-data.com for its fascinating compilation of demographic data and statistics. However, city-data.com does not recognize South Capitol as a neighborhood. Instead, it creates a statistical profile for what it terms the Don Gaspar Neighborhood which covers the bulk, but not the entirety, of this historic district.

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SOUTH CAPITOL UPDATE

Below are market stats for the South Capitol Neighborhood reflecting the state of the real estate market on July 16th, 2010.

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South Capitol Area, Looking Up in YTD Residential Sales.

Santa Fe Market Report
Featuring South Capitol Area
Presented by Prudential Santa Fe

Active SFAR Listings
All Santa Fe Listings (7/16/10)
Residential: 2805
Residential Land: 1546
Farm & Ranch: 134
Commercial Buildings: 199
Commercial Land: 77
Live/Work: 21
Multi Family: 36

South Capitol Area Snapshot
Residential Listings (7/16/10)
Active: 86
Pending: 4
Sold: 54*
Average DOM: 218*
Average Listing Price: $591,081*
Average Listing Price Per Sq.ft: $277*
Average Selling Price: $543,175*
Average Selling Price Per Sq.ft.: $255*
% of List Price: 92%*

*Sold (7/17/09-7/16/10)

Days on Market (DOM)
South Capitol Area – Residential Sold*

Selling Price: % of List Price
South Capitol Area – Residential Sold*

MLS Comparison, Sales Year To Date
South Capitol Area – Residential – 2009 v. 2010
(1/1/09-7/7/09) – (1/1/10-7/7/10)

Real estate agents Malissa Kullberg and Joshua Maes, AKA Changing Gallery, use their listings, where appropriate, to showcase the art, photography, sculpture and other creations of emerging and independent talents. Artists receive 100% of the proceeds from any sale. For up-to-date market info and full access to the MLS, visit: Santa Fe Real Estate Downtown.