NOT LISTED FOR SALE

323 Geraldine Loop SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $398,000 - $488,000

2 Beds
4 Baths
3,128 Sq Ft
$142/Sq Ft Est. Value

Last Sold October 23, 2020

Current estimated payment $2,669/month

1 Day on Market

Highlights

  • Two cooling system units
  • Landscaped
  • Radiant Heating System
  • Maggie Cordova Elementary School Rated A-
  • CRI Green Label Plus Certified Carpet

About This Home

As of October 2020

Great income producing property! Take advantage of all time low interest rates! 3 units rented and the remaining unit will rent in 24 hours if listed. Take advantage of rising rents across the metro area! Units are well maintained and all 4 coolers are brand new! Please do not disturb tenants. Schedule your showing today!

Last Agent to Sell the Property

Michael Schlichte

Absolute Real Estate License #17987 Listed on: 08/28/2020

Last Buyer's Agent

David Roybal

Coldwell Banker Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,392

Year Built

  • Built in 1980

Lot Details

  • 0.31 Acre Lot
  • Landscaped

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,128 Sq Ft Home
  • Property has 2 Levels
  • Free-Standing Electric Range

Flooring

  • CRI Green Label Plus Certified Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Utilities

  • Two cooling system units
  • Evaporated cooling system
  • Radiant Heating System

Community Details

  • 3,128 Sq Ft Building
  • Gross Income $34,800

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Assessor Parcel Number 1011069234176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,392

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Unser and Southern, North to 5th Street, west to Geraldine Loop. Right On Geraldine Loop units on the left.
  • Listing Contract Date: 2020-08-26
  • Year Built: 1980
  • Lot Size Acres: 0.31
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3128.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling, 2 Units
  • Electric: None
  • Heating: Radiant
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 13503.6
  • Parcel #: 1011069234176
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Other, See Remarks, Trash Collection

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 34800.0

Tax Info

  • Tax Annual Amount: 1392.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Oct 20, 2020
Sold by
Rietzco Llc
Bought by
Vinyard Natalia Sergeevna and Vinyard Shawn Lee
Seller's Agent
Michael Schlichte
Absolute Real Estate
Buyer's Agent
David Roybal
Coldwell Banker Legacy
List Price
$295,000
Current Estimated Value
$442,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$213,750
Outstanding Balance
$191,504
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$251,591

Purchase Details

Closed on
Jan 26, 2007
Sold by
Knaub Shane M
Bought by
Ngo Andy and Tai Ngoc Can

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Vinyard Natalia Sergeevna -- Old Republic National Title
Ngo Andy $254,362 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vinyard Natalia Sergeevna $213,750
Previous Owner Ngo Andy $191,250
Closed Ngo Andy $191,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold -- -- --
09/03/2020 09/03/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $295,000 +7.3% $94 / Sq Ft
08/28/2020 08/28/20 Off Market -- -- --
08/01/2019 08/01/19 Sold -- -- --
07/20/2019 07/20/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $275,000 -- $88 / 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
2024 $2,969 $83,653 $12,199 $71,454
2023 $2,969 $81,217 $13,324 $67,893
2022 $2,882 $78,852 $22,507 $56,345
2021 $2,946 $78,852 $22,507 $56,345
2020 $1,383 $37,006 $0 $0
2019 $1,392 $37,006 $0 $0
2018 $1,271 $35,929 $0 $0
2017 $1,219 $34,883 $0 $0
2016 $1,325 $33,867 $0 $0
2014 $1,281 $33,867 $0 $0
2013 -- $33,867 $5,929 $27,938
Source: Public Records

Agents Affiliated with this Home

  • Michael Schlichte

    Seller's Agent in 2020

    Michael Schlichte

    Absolute Real Estate

    (505) 318-6264

    7 in this area

    201 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    David Roybal

    Coldwell Banker Legacy

  • Vertical Real Estate

    Buyer's Agent in 2020

    Vertical Real Estate

    Keller Williams Realty

    (505) 459-0765

    6 in this area

    718 Total Sales

    Section Image

  • A

    Seller's Agent in 2019

    Alice Richards Meyerhoff

    RE/MAX

See All Agents

Map

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

MLS Number: 975840

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-069-234-176

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

323 Geraldine Loop SE, Rio Rancho, NM

This home is located at 323 Geraldine Loop SE, Rio Rancho, NM 87124 since 28 August 2020 and is currently estimated at $443,095, approximately $141 per square foot. This property was built in 1980. 323 Geraldine Loop SE is a home located in Sandoval County with nearby schools including Maggie Cordova Elementary School, Lincoln Middle School, and Rio Rancho High School.

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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