NOT LISTED FOR SALE

4200 Ridgeway Ct Rio Rancho, NM 87124

High Resort Neighborhood

Estimated Value: $644,000 - $675,000

3 Beds
2 Baths
4,340 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 31, 2023

Current estimated payment $4,064/month

2 Days on Market

Highlights

  • Refrigerated Cooling System
  • Tile Flooring
  • Ceiling Fan
  • Rio Rancho Middle School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

Ideally located Rio Rancho 4-plex that's walking distance to shopping, medical, and transportation routes. Lots of potential for higher income as RR rentals are scarce and local employers are hiring. 2 3BR ground floor units, and two upper level 2BR units---all of which have 2 bathrooms and all units have washer/dryer. Fireplace in downstairs 3BR units. Tile roof, stucco, and ample parking for tenants and guests.

Last Agent to Sell the Property

Deanna Dopslaf

EXP Realty LLC Listed on: 04/15/2023

EXP Realty LLC

Co-Listed By

Steve Murtha

MORE Realty, Inc License #11783

Last Buyer's Agent

Nathan Boitano

RE/MAX SELECT License #REC-2025-0807

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,578

Year Built

  • Built in 2005

Lot Details

  • 12,632 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 4,340 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1014069085267

Community Details

Overview

  • 4,340 Sq Ft Building
  • Ridgecrest Subdivision

Building Details

  • Operating Expense $9,847
  • Gross Income $30,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,578

Year Built

Built in 2005

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Hwy. 528 (Rio Rancho Blvd.) north past Southern and turn left/west on High Resort Blvd., turn right/north on Ridgeway Drive, then turn left into Ridgeway Ct.., the first unit on your right (no sign).
  • Year Built: 2005
  • Lot Size Acres: 0.29
  • Co List Office Mls Id: EXPR01
  • Co List Office Phone: (505) 554-3873
  • Subdivision Name: Ridgecrest Subdivision
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Dryer, Dishwasher, Free-Standing Gas Range, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 3
  • Fireplace Features: Option
  • Living Area: 4340.0
  • Stories: 2

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air, Refrigerated, Ceiling Fan(s)
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Parcel #: 1014069085267
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 30276.0
  • Annual Operating Expense: 9847.0

Tax Info

  • Tax Annual Amount: 3578.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Park Yong and Park Carolotta
Bought by
4200 Ridgeway Ct Llc
Current Estimated Value
$659,500

Purchase Details

Listed on
Apr 15, 2023
Closed on
May 30, 2023
Sold by
Gaps William V
Bought by
Park Yong and Park Carolotta
Seller's Agent
Deanna Dopslaf
EXP Realty LLC
Buyer's Agent
Nathan Boitano
RE/MAX SELECT
List Price
$549,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$433,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2005
Sold by
Ridgecrest Llc
Bought by
Gaps William V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
4200 Ridgeway Ct Llc -- None Listed On Document
Park Yong -- Fidelity National Title
Gaps William V $436,240 Fidelity National Title Insura
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Yong $433,500
Previous Owner Gaps William V $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold -- -- --
04/17/2023 04/17/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $549,000 -- $126 / 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 $7,141 $205,873 $21,294 $184,579
2024 $3,692 $198,140 $21,294 $176,846
2023 $3,692 $107,016 $14,647 $92,369
2022 $3,578 $103,899 $14,363 $89,536
2021 $3,658 $103,899 $14,363 $89,536
2020 $3,545 $100,873 $0 $0
2019 $3,569 $100,873 $0 $0
2018 $3,253 $97,935 $0 $0
2017 $3,112 $95,083 $0 $0
2016 $3,378 $92,313 $0 $0
2014 $3,265 $92,313 $0 $0
2013 -- $89,549 $16,500 $73,049
Source: Public Records

Agents Affiliated with this Home

  • Deanna Dopslaf

    Seller's Agent in 2023

    Deanna Dopslaf

    EXP Realty LLC

    (505) 307-1129

    2 in this area

    262 Total Sales

    Deanna Dopslaf
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Steve Murtha

    MORE Realty, Inc

    1 in this area

    30 Total Sales

    Steve Murtha
    Section Image
  • Nathan Boitano

    Buyer's Agent in 2023

    Nathan Boitano

    RE/MAX

    (505) 301-4170

    1 in this area

    119 Total Sales

    Nathan Boitano
    Section Image
See All Agents

Map

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

MLS Number: 1032686

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-069-085-267

New Mexico Sandoval County Rio Rancho 87124 High Resort

4200 Ridgeway Ct, Rio Rancho, NM

Not Listed for Sale

MultiFamily

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.