NOT LISTED FOR SALE

1224 21st Ave SE Rio Rancho, NM 87124

Rio Rancho Estates Neighborhood

Estimated Value: $750,000 - $1,077,000

4 Beds
4 Baths
3,000 Sq Ft
$320/Sq Ft Est. Value

About This Home

This home is located at 1224 21st Ave SE, Rio Rancho, NM 87124 and is currently estimated at $961,333, approximately $320 per square foot. 1224 21st Ave SE is a home located in Sandoval County with nearby schools including Maggie Cordova Elementary School, Lincoln Middle School, and Rio Rancho High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2024
Sold by
Martinez Steven and Martinez Merlinda
Bought by
Papageorge Peter L and Papageorge Patti S
Current Estimated Value
$961,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$737,455
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$223,878
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Papageorge Peter L -- Old Republic National Title In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papageorge Peter L $750,000
Source: Public Records

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 $6,682 $367,902 $52,667 $315,235
2024 $6,577 $187,393 $28,333 $159,060
2023 $6,577 $181,935 $28,333 $153,602
2022 $6,383 $176,636 $28,333 $148,303
2021 $1,109 $28,333 $28,333 $0
2020 $294 $7,500 $0 $0
2019 $315 $7,500 $0 $0
2018 $246 $6,171 $0 $0
2017 $295 $9,728 $0 $0
2016 $89 $2,033 $0 $0
2014 $84 $2,033 $0 $0
2013 -- $5,300 $5,300 $0
Source: Public Records

Map

New Mexico Sandoval County Rio Rancho 87124 Rio Rancho Estates

1224 21st Ave SE, Rio Rancho, NM

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