NOT LISTED FOR SALE

1050 Meadowlark Ct SE Rio Rancho, NM 87124

Corrales Heights Neighborhood

Estimated Value: $319,000 - $389,704

2 Beds
1 Bath
3,424 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 13, 2021

Current estimated payment $2,080/month

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Property has 1 Level
  • Rio Rancho Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of July 2021

Fantastic 4 plex opportunity!!!Total of (3) 4-plex units in desirable area of Rio Rancho. Property sold before listing.Do NOT Disturb tenants.Offer subject to viewing.

Last Agent to Sell the Property

Matthew Darrall

Thrive Real Estate License #19072 Listed on: 05/18/2021

Last Buyer's Agent

Stephen Caruso

Caruso Realty, LLC License #18492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1981

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,424 Sq Ft Home
  • Property has 1 Level
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1014068127323

Community Details

Overview

  • 3,424 Sq Ft Building

Building Details

  • Operating Expense $33,449
  • Gross Income $35,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,850

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: 528 North to East on Meadowlark Ln, Left/North on Meadowlark Ct.
  • Listing Contract Date: 2021-05-08
  • Year Built: 1981
  • Lot Size Acres: 0.17
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3424.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 1014068127323
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Gas, Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35431.0
  • Annual Operating Expense: 33448.64

Tax Info

  • Tax Annual Amount: 1849.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jul 12, 2021
Sold by
Ingro John D and Ingro Kristi
Bought by
Robison Ronald A
Seller's Agent
Matthew Darrall
Thrive Real Estate
Buyer's Agent
Stephen Caruso
Caruso Realty, LLC
List Price
$290,000
Current Estimated Value
$363,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$217,500
Outstanding Balance
$204,734
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$158,834

Purchase Details

Closed on
Oct 20, 2006
Sold by
Farmer Richard G
Bought by
Ingro John D and Shepard Kristi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,900
Interest Rate
6.46%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robison Ronald A -- Old Republic Title
Robison Ronald A -- Old Republic Title
Robison Ronald A -- Old Republic Title Company
Ingro John D $287,147 Albuquerque Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robison Ronald A $217,500
Closed Robison Ronald A $217,500
Previous Owner Ingro John D $215,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2021 07/13/21 Sold -- -- --
05/18/2021 05/18/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $290,000 -- $85 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,893 $52,523 $8,581 $43,942
2024 $1,864 $52,523 $8,581 $43,942
2023 $1,864 $50,994 $8,497 $42,497
2022 $1,864 $50,994 $8,497 $42,497
2021 $1,905 $50,994 $8,497 $42,497
2020 $1,850 $49,509 $0 $0
2019 $1,862 $49,509 $0 $0
2018 $1,701 $48,067 $0 $0
2017 $1,630 $46,667 $0 $0
2016 $1,826 $54,712 $0 $0
2014 $2,009 $65,920 $0 $0
2013 -- $65,920 $8,141 $57,779
Source: Public Records

Agents Affiliated with this Home

  • Matthew Darrall

    Seller's Agent in 2021

    Matthew Darrall

    Thrive Real Estate

    (505) 585-2599

    3 in this area

    83 Total Sales

    Matthew Darrall
    Section Image
  • Stephen Caruso

    Buyer's Agent in 2021

    Stephen Caruso

    Caruso Realty, LLC

    (505) 459-8286

    3 in this area

    26 Total Sales

    Stephen Caruso
    Section Image
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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 992276

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-068-127-323

New Mexico Sandoval County Rio Rancho 87124 Corrales Heights

1050 Meadowlark Ct SE, Rio Rancho, NM

This home is located at 1050 Meadowlark Ct SE, Rio Rancho, NM 87124 since 18 May 2021 and is currently estimated at $363,568, approximately $106 per square foot. This property was built in 1981. 1050 Meadowlark Ct SE is a home located in Sandoval County with nearby schools including Rio Rancho Elementary School, Rio Rancho Middle School, and Rio Rancho High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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