NOT LISTED FOR SALE

2881 W Island Loop Rio Rancho, NM 87124

Panorama Heights West Neighborhood

Estimated Value: $507,598 - $547,000

5 Beds
3.5 Baths
2,900 Sq Ft
$182/Sq Ft Est. Value

Last Sold July 16, 2020

Current estimated payment $3,616/month

29 Days on Market

Highlights

  • Two Primary Bedrooms
  • Wood Flooring
  • Separate Formal Living Room
  • Martin Luther King Jr. Elementary School Rated A
  • Main Floor Primary Bedroom
  • 1-minute walk to A Park Above

About This Home

As of July 2020

Couldn't be more excited to present this gorgeous all brick beauty in The Enclave community! This amazing home & neighborhood will give the new family years of special memories. Warm & inviting wood floors sets the tone from the foyer to the kitchen. Two master bedrooms offers versatility for extended families. Upstairs master bedroom & bath has been beautifully remodeled. Updated kitchen boasts quartz counter tops and handsome cabinetry. Floor to ceiling brick accent wall highlights the fireplace & hearth. Impressive staircase & banister adds style & character. Refridgerated A/C makes hot summer days comfortable. Enjoy the park like backyard that backs to private park.

Last Agent to Sell the Property

John Long

Coldwell Banker Legacy License #26237 Listed on: 05/03/2020

Coldwell Banker Legacy

Last Buyer's Agent

Mark Puckett

Platinum Properties & Invst. License #14640

Platinum Properties & Invst.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,171

Year Built

  • Built in 1996

Lot Details

  • 0.25 Acre Lot
  • West Facing Home
  • Private Yard

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Dry Walled Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Single Hung Metal Windows
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Separate Formal Living Room
  • Multiple Living Areas
  • Wood Flooring
  • Washer and Gas Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Free-Standing Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • In-Law or Guest Suite
  • Dual Sinks
  • Soaking Tub
  • Bathtub with Shower
  • Garden Bath
  • Separate Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Martin L King Jr Elementary School
  • Lincoln Middle School
  • Rio Rancho High School

Utilities

  • Two cooling system units
  • Refrigerated Cooling System
  • Multiple Heating Units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Natural Gas Connected
  • High Speed Internet

Community Details

  • Association fees include common areas
  • Built by Oppel Jenkins

Listing and Financial Details

  • Assessor Parcel Number 1012069303137

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,171

Year Built

Built in 1996

Lot Details

0

HOA Fees

$480 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Detached
  • Directions: West on Nicklaus from Broadmoor ** South on West Island Loop
  • Year Built: 1996
  • Lot Size Acres: 0.25
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Year Built Details: 21 - 30
  • Property Sub Type Additional: Detached
  • Special Features: VirtualTour

Interior Features

  • Flooring: Wood
  • Appliances: Dishwasher, Free-Standing Gas Range
  • Interior Amenities: Breakfast Area, Bathtub, Ceiling Fan(s), Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Great Room, Garden Tub/Roman Tub, High Speed Internet, In-Law Floorplan, Multiple Living Areas, Main Level Master, Multiple Master Suites, Pantry, Skylights, Soaking Tub, Separate Shower, Tub Shower
  • Stories: 2
  • Accessibility Features: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Custom, Glass Doors, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2900.0
  • Window Features: Clad, Double Pane Windows, Insulated Windows, Metal, Skylight(s)

Exterior Features

  • Exterior Features: Patio, Private Yard
  • Roof: Pitched, Shingle
  • Fencing: Wall
  • Pool Private: No
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Oppel Jenkins
  • Construction Type: Brick, Brick Veneer, Frame
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Finished Garage, Garage, Storage

Utilities

  • Cooling: Refrigerated, 2 Units
  • Electric: None
  • Heating: Central, Forced Air, Multiple Heating Units, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Connected, Underground Utilities, Water Connected
  • Water Source: Public
  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Fee: 480.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Elementary School: Martin L King Jr
  • High School: Rio Rancho
  • Middle Or Junior School: Lincoln

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 1012069303137
  • Zoning Description: R-1

Tax Info

  • Tax Annual Amount: 3171.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2020
Closed on
Jul 14, 2020
Sold by
Spangler Matthew and Spangler Lisa
Bought by
Mendez Thomas J and Mendez Ada G
Seller's Agent
John Long
Coldwell Banker Legacy
Buyer's Agent
Mark Puckett
Platinum Properties & Invst.
List Price
$385,000
Current Estimated Value
$527,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$388,740
Outstanding Balance
$344,709
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$182,441

Purchase Details

Closed on
Aug 26, 2003
Sold by
Mullen Lori A and Mullen Richard P
Bought by
Spangler Matthew and Spangler Lisa
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
Mendez Thomas J -- Old Republic Natl Ttl Ins Co
Spangler Matthew $156,275 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendez Thomas J $388,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2020 07/16/20 Sold -- -- --
05/29/2020 05/29/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $385,000 -- $133 / 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 $4,516 $135,244 $19,320 $115,924
2024 $4,440 $131,305 $19,320 $111,985
2023 $4,440 $127,481 $19,320 $108,161
2022 $4,305 $123,768 $19,320 $104,448
2021 $4,265 $120,163 $19,320 $100,843
2020 $3,244 $86,835 $0 $0
2019 $3,171 $84,305 $0 $0
2018 $2,896 $81,850 $0 $0
2017 $2,776 $79,466 $0 $0
2016 $3,110 $79,466 $0 $0
2014 $3,006 $79,466 $0 $0
2013 -- $79,466 $11,630 $67,836
Source: Public Records

Agents Affiliated with this Home

  • John Long

    Seller's Agent in 2020

    John Long

    Coldwell Banker Legacy

    (505) 892-3214

    2 in this area

    225 Total Sales

    John Long
    Section Image
  • Mark Puckett

    Buyer's Agent in 2020

    Mark Puckett

    Platinum Properties & Invst.

    (505) 269-6997

    226 Total Sales

    Mark Puckett
    Section Image
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Map

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

MLS Number: 967502

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-012-069-303-137

New Mexico Sandoval County Rio Rancho 87124 Panorama Heights West

2881 W Island Loop, 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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