NOT LISTED FOR SALE

2516 Lema Rd SE Rio Rancho, NM 87124

Panorama Heights West Neighborhood

Estimated Value: $297,000 - $326,000

3 Beds
2 Baths
1,725 Sq Ft
$183/Sq Ft Est. Value

About This Home

This home is located at 2516 Lema Rd SE, Rio Rancho, NM 87124 and is currently estimated at $315,280, approximately $182 per square foot. 2516 Lema Rd SE is a home located in Sandoval County with nearby schools including Martin Luther King Jr. Elementary School, Lincoln Middle School, and Rio Rancho High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2025
Sold by
Chavez Lorenzo and Chavez Michelle Jennifer
Bought by
Chavez Lorenzo and Chavez Michelle Jennifer
Current Estimated Value
$315,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$99,655
Interest Rate
5.97%
Mortgage Type
New Conventional
Estimated Equity
$213,280

Purchase Details

Closed on
Jul 20, 2014
Sold by
Chavez Angelique
Bought by
Chavez Lorenzo
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chavez Lorenzo -- None Listed On Document
Chavez Lorenzo -- None Listed On Document
Chavez Lorenzo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Lorenzo $100,000
Closed Chavez Lorenzo $100,000
Previous Owner Chavez Lorenzo Jose $153,500
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
2024 $1,752 $51,426 $9,949 $41,477
2023 $1,752 $49,928 $9,638 $40,290
2022 $1,699 $48,474 $9,319 $39,155
2021 $1,684 $47,062 $9,199 $37,863
2020 $1,632 $45,692 $0 $0
2019 $1,594 $44,361 $0 $0
2018 $1,453 $43,070 $0 $0
2017 $1,391 $41,815 $0 $0
2016 $1,558 $41,815 $0 $0
2014 $1,506 $41,815 $0 $0
2013 -- $39,815 $7,467 $32,348
Source: Public Records

Map

New Mexico Sandoval County Rio Rancho 87124 Panorama Heights West

2516 Lema Rd SE, Rio Rancho, NM

This home is located at 2516 Lema Rd SE, Rio Rancho, NM 87124 and is currently estimated at $315,280, approximately $182 per square foot. 2516 Lema Rd SE is a home located in Sandoval County with nearby schools including Martin Luther King Jr. Elementary School, Lincoln Middle School, and Rio Rancho High School.

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