NOT LISTED FOR SALE

2881 W Island Loop SE Rio Rancho, NM 87124

Panorama Heights West Neighborhood

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

5 Beds
4 Baths
2,850 Sq Ft
$185/Sq Ft Est. Value

About This Home

This home is located at 2881 W Island Loop SE, Rio Rancho, NM 87124 and is currently estimated at $527,150, approximately $184 per square foot. 2881 W Island Loop 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
Jul 14, 2020
Sold by
Spangler Matthew and Spangler Lisa
Bought by
Mendez Thomas J and Mendez Ada G
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.
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:

Collateral Analytics

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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

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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
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

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

Map

New Mexico Sandoval County Rio Rancho 87124 Panorama Heights West

2881 W Island Loop SE, Rio Rancho, NM

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