NOT LISTED FOR SALE

1450 Cedar Ln SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $295,000 - $367,000

2 Beds
1 Bath
2,000 Sq Ft
$168/Sq Ft Est. Value

Last Sold December 30, 2016

Current estimated payment $1,978/month

21 Days on Market

Highlights

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Community Storage Space
  • Eagle Ridge Middle School Rated A-
  • Ceiling Fan
  • Carpet

About This Home

As of December 2016

Great investment property! Current tenants have both lived there for two years. Each unit has a fenced in backyard, refrigerated air, carport with one parking space and a storage unit. One unit has brand new water heater. Duplex is in a cul-de-sac. Entire duplex has had the polybutelene piping replaced and has a lifetime transferable warranty to new owner. Convenient location near shopping, restaurants, movie theater, hospital.

Last Agent to Sell the Property

Jean Kilpatrick

Corder and Company Listed on: 10/16/2016

Last Buyer's Agent

Clay Trafton

Realty One of New Mexico License #48496

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,469

Year Built

  • Built in 1984

Lot Details

  • 6,534 Sq Ft Lot
  • Additional Parcels

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Metal Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Kitchen

  • Free-Standing Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 1011068107373

Community Details

Overview

  • 2,000 Sq Ft Building
  • Cedar Crest Subdivision

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,469

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Directions: Hwy 528 to Southern Blvd. West on Southern past Unser to Lisbon. Turn North and then quick left on to Cedar. Duplex is in cul-de-sac on right side.
  • Year Built: 1984
  • Lot Size Acres: 0.15
  • Subdivision Name: Cedar Crest
  • Unit Levels: One
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Free-Standing Gas Range, Disposal, Refrigerator, Range Hood
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 2000.0

Exterior Features

  • Builder Name: Unknown
  • Construction Type: Frame, Metal Siding

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Refrigerated, Ceiling Fan(s)
  • Heating: Central, Forced Air
  • Utilities: Electricity Available, Natural Gas Available, Municipal Utilities
  • Laundry Features: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Additional Parcels: Yes
  • Parcel #: 1011068107373
  • Zoning Description: Y11

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1469.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2016
Closed on
Dec 29, 2016
Sold by
Ryan Faryal
Bought by
Cochrane Elonn and Cochrane Shari L
Seller's Agent
Jean Kilpatrick
Corder and Company
Buyer's Agent
Clay Trafton
Realty One of New Mexico
List Price
$150,000
Current Estimated Value
$336,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$106,500
Outstanding Balance
$87,665
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$248,917
Source: Public Records

Range of Values:

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Average Value
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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
Cochrane Elonn -- Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochrane Elonn $106,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold -- -- --
11/06/2016 11/06/16 Pending -- -- --
10/16/2016 10/16/16 For Sale $150,000 -- $75 / 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 $2,487 $71,081 $11,421 $59,660
2024 $2,449 $69,011 $10,934 $58,077
2023 $2,449 $67,000 $10,434 $56,566
2022 $2,378 $65,050 $0 $0
2021 $2,360 $63,155 $9,439 $53,716
2020 $2,291 $61,316 $0 $0
2019 $2,239 $59,530 $0 $0
2018 $2,106 $59,530 $0 $0
2017 $2,145 $61,399 $0 $0
2016 $1,500 $38,329 $0 $0
2014 $1,450 $38,329 $0 $0
2013 -- $38,329 $5,628 $32,701
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jean Kilpatrick

    Corder and Company

  • Clay Trafton

    Buyer's Agent in 2016

    Clay Trafton

    Realty One of New Mexico

    (505) 908-4991

    13 Total Sales

    Clay Trafton
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Map

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

MLS Number: 877642

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-068-107-373

New Mexico Sandoval County Rio Rancho 87124 Solar Village-Mid-Unser

1450 Cedar Ln SE, Rio Rancho, NM

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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