NOT LISTED FOR SALE

159 El Rey Dr Corrales, NM 87048

Estimated Value: $882,000 - $940,000

3 Beds
3 Baths
3,401 Sq Ft
$270/Sq Ft Est. Value

Last Sold July 30, 2019

Current estimated payment $5,421/month

15 Days on Market

Highlights

  • Horses Allowed On Property
  • Heated In Ground Pool
  • 4 Fireplaces
  • Corrales Elementary School Rated A-
  • Pueblo Architecture
  • Separate Formal Living Room

About This Home

As of July 2019

This dual-gated .94-acre estate in Corrales is a stunning Ed Paschich custom and well-maintained home, offering privacy and panoramic mountain views that dominate the day, while city lights provide a stunning nightly backdrop to your private pool and hot tub. The interior stays true to its roots with exposed adobe walls, raised latilla ceilings, and classic brick floors throughout. Recent major improvements ensure a worry-free transition: new windows and exterior doors (2023), well pump (2023), HVAC (2020), and a full-perimeter coyote fence (2019). Combining historic Southwest character with modern infrastructure, this property provides a serene sanctuary for the discerning buyer seeking beauty, security, and a deep connection to the high-desert landscape. Your own Corrales oasis awaits

Last Agent to Sell the Property

Joseph Maez

The Maez Group License #17921 Listed on: 05/14/2019

Last Buyer's Agent

Linda Sugar

Unica Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,712

Year Built

  • Built in 1985

Lot Details

  • 0.94 Acre Lot
  • North Facing Home
  • Property is Fully Fenced
  • Water-Smart Landscaping
  • Sprinklers on Timer
  • Private Yard
  • Zoning described as A-1

Parking

  • 4 Car Attached Garage
  • Workshop in Garage

Home Design

  • Pueblo Architecture
  • Flat Roof Shape
  • Insulated Concrete Forms
  • Pitched Roof
  • Stucco
  • Adobe

Interior Spaces

  • 3,401 Sq Ft Home
  • Property has 1 Level
  • Bookcases
  • Beamed Ceilings
  • Skylights
  • 4 Fireplaces
  • Great Room
  • Separate Formal Living Room
  • Multiple Living Areas
  • Home Office
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Breakfast Area or Nook
  • Property Views

Flooring

  • Brick
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Garden Bath

Home Security

  • Home Security System
  • Intercom
  • Storm Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Fiberglass Pool

Schools

  • Corrales Elementary School
  • Taylor Middle School
  • Cibola High School

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Private Water Source
  • Well
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Heating system powered by passive solar
  • Patio
  • Horses Allowed On Property

Community Details

  • Built by Ed Paschich
  • Loma Larga Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1014066245508

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,712

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: From Alameda and Ellison, North on Ellison. Road curves and becomes Loma Larga. West on El Rey to home on the left. El Rey is south of Meadowlark.
  • Year Built: 1985
  • Horses: Yes
  • Lot Size Acres: 0.94
  • Road Surface Type: Paved
  • Subdivision Name: Loma Larga
  • Architectural Style: Pueblo
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Construction
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: Brick, Carpet
  • Interior Amenities: Beamed Ceilings, Bookcases, Breakfast Area, Separate/Formal Dining Room, Dual Sinks, Great Room, Garden Tub/Roman Tub, High Speed Internet, Home Office, Multiple Living Areas, Main Level Master, Skylights, Utility Room
  • Stories: 1
  • Other Equipment: Intercom
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Custom, Kiva, Log Lighter
  • Fireplaces: 4
  • Fireplace: Yes
  • Living Area: 3401.0
  • Window Features: Storm Window(s), Skylight(s)
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Fully Fenced, Private Yard, RV Parking/RV Hookup, Sprinkler/Irrigation
  • Roof: Flat, Pitched
  • Lot Features: Landscaped, Sprinklers Automatic, Views
  • Pool Features: Fiberglass, Heated, In Ground
  • Pool Private: Yes
  • View: Yes
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Ed Paschich
  • Construction Type: Adobe, ICFs (Insulated Concrete Forms), Stucco
  • Direction Faces: North
  • Patio And Porch Features: Open, Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 4.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Oversized, Workshop in Garage, RV Carport

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air, Natural Gas, Passive Solar
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Private, Well
  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Schools

  • Elementary School: Corrales
  • High School: Cibola
  • Middle Or Junior School: Taylor

Lot Info

  • Current Use: Horses
  • Horse Amenities: Horses Allowed
  • Lot Size Sq Ft: 40946.0
  • Parcel #: 1014066245508
  • Zoning Description: A-1

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Tax Info

  • Tax Annual Amount: 4712.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Jul 30, 2019
Sold by
Melton Diana K
Bought by
James Jeannette Wynn and Wayman Shawn Elisse
Seller's Agent
Joseph Maez
The Maez Group
Buyer's Agent
Linda Sugar
Unica Real Estate LLC
List Price
$575,000
Current Estimated Value
$918,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$459,942
Outstanding Balance
$403,813
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$514,520

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jul 23, 2015
Sold by
Kirkpatrick Lane W and Kirkpatrick Ann E
Bought by
Melton Diana K
Seller's Agent
Robin Riegor
Sotheby's International Realty
Buyer's Agent
Ann Taylor
Corrales Realty
List Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.29%
Original Mortgage
$400,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jun 25, 2015
Sold by
Melton Donnie Ray and Melton Diana Kay
Bought by
Melton Diana Kay
Seller's Agent
Robin Riegor
Sotheby's International Realty
Buyer's Agent
Ann Taylor
Corrales Realty
List Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
James Jeannette Wynn -- None Available
Melton Diana K -- Fidelity Natl Title Nm Inc
Melton Diana Kay -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James Jeannette Wynn $459,942
Previous Owner Melton Diana K $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2026 02/05/26 For Sale $900,000 0.0% $265 / Sq Ft
01/26/2026 01/26/26 Pending -- -- --
01/01/2026 01/01/26 Price Changed $900,000 -5.3% $265 / Sq Ft
10/01/2025 10/01/25 For Sale $950,000 0.0% $279 / Sq Ft
09/18/2025 09/18/25 Pending -- -- --
08/28/2025 08/28/25 For Sale $950,000 +65.2% $279 / Sq Ft
07/30/2019 07/30/19 Sold -- -- --
05/29/2019 05/29/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $575,000 +7.5% $169 / Sq Ft
07/23/2015 07/23/15 Sold -- -- -- View Prior Sale
06/04/2015 06/04/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $535,000 -- $157 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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 $6,575 $216,245 $34,963 $181,282
2024 $6,682 $209,946 $33,375 $176,571
2023 $6,682 $203,831 $32,266 $171,565
2021 $6,348 $192,131 $30,599 $161,532
2020 $6,161 $186,535 $0 $0
2019 $5,336 $166,684 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Norman

    Seller's Agent in 2025

    William Norman

    Coldwell Banker Legacy

    (505) 350-3194

    4 in this area

    18 Total Sales

    William Norman
    Section Image
  • Joseph Maez

    Seller's Agent in 2019

    Joseph Maez

    The Maez Group

    (505) 600-9114

    21 in this area

    1,513 Total Sales

    Joseph Maez
    Section Image

  • L

    Buyer's Agent in 2019

    Linda Sugar

    Unica Real Estate LLC

  • Robin Riegor

    Seller's Agent in 2015

    Robin Riegor

    Sotheby's International Realty

    (505) 332-5442

    42 in this area

    90 Total Sales

    Robin Riegor
    Section Image
  • Ann Taylor

    Buyer's Agent in 2015

    Ann Taylor

    Corrales Realty

    (505) 379-7774

    51 in this area

    65 Total Sales

    Ann Taylor
    Section Image
See All Agents

Map

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

MLS Number: 944499

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-066-245-508

New Mexico Sandoval County Corrales 87048

159 El Rey Dr, Corrales, NM

Not Listed for Sale

Detached

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