NOT LISTED FOR SALE

4313 Sabana Loop SE Unit S Rio Rancho, NM 87124

Corrales Heights Neighborhood

Estimated Value: $700,000 - $716,000

2 Beds
2 Baths
4,125 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 02, 2024

Current estimated payment $4,110/month

4 Days on Market

Highlights

  • Refrigerated Cooling System
  • Tile Flooring
  • Forced Air Heating System
  • Rio Rancho Elementary School Rated A-

About This Home

As of August 2024

4313 Saabana Loop sits at the middle of newer construction fourplexes. These fourplexes offer some of the largest units in Rio Rancho and the unit mix is attractive to investors and owner occupants with 3 x 2 bedroom, 1.75 bathroom, 1,000 sf units and one large, 1125 sf, 3 bedroom 2 bathroom unit. Each apartment include washer/dryer hookup.Located in a growing area of Rio Rancho, close to great amenities and expanding employers, these rentals are well positioned for that owner occupant or investor who wants to take advantage of the coming rent increases from the continued expansion of Amazon, Netflix, Facebook, and Intel.Measures of investment performance at ask price of 699,500 with a current average rent of $1,028 are a GRM of 14.18, a 4.84% cap rate before reserves, 4.71% cap

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 05/25/2024

Last Buyer's Agent

Debbie Roberts

Town and Country Diversified R License #18625

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Additional Parcels

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 4,125 Sq Ft Home
  • Property has 2 Levels
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number R094248

Community Details

Overview

  • 4,125 Sq Ft Building
  • Sabana Grande Subdivision

Building Details

  • Operating Expense $14,249
  • Gross Income $47,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Highway 528 and Sabana west to Sabana Loop and property.
  • Listing Contract Date: 2024-05-25
  • Year Built: 2005
  • Lot Size Acres: 0.23
  • Subdivision Name: Sabana Grande
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 4125.0
  • Stories: 2

Exterior Features

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

Utilities

  • Cooling: Refrigerated
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Additional Parcels: Yes
  • Parcel #: R094248
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47214.0
  • Annual Operating Expense: 14249.0

Tax Info

  • Tax Annual Amount: 4486.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2024
Closed on
Jul 31, 2024
Sold by
Naisbitt Mark A
Bought by
Ng Wu Richard and Ng Van Wu
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Debbie Roberts
Town and Country Diversified R
List Price
$699,500
Views
5
Current Estimated Value
$707,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.92%
Original Mortgage
$490,000
Outstanding Balance
$484,455
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$223,110

Purchase Details

Closed on
Dec 21, 2016
Sold by
Ensign Alen T and Ensign Nelly
Bought by
Naisbitt Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,847
Interest Rate
3.57%
Mortgage Type
VA
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
Ng Wu Richard -- Fidelity National Title
Naisbitt Mark A -- Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ng Wu Richard $490,000
Previous Owner Naisbitt Mark A $372,847
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold -- -- --
05/30/2024 05/30/24 Pending -- -- --
05/25/2024 05/25/24 For Sale $699,500 -- $170 / 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 $4,424 $197,594 $16,770 $180,824
2024 $4,486 $122,739 $12,199 $110,540
2023 $4,486 $122,739 $12,199 $110,540
2022 $4,356 $119,164 $11,822 $107,342
2021 $4,452 $119,164 $11,822 $107,342
2020 $4,323 $115,694 $0 $0
2019 $4,352 $115,694 $0 $0
2018 $3,974 $112,324 $0 $0
2017 $3,924 $112,324 $0 $0
2016 $3,467 $88,590 $0 $0
2014 $3,351 $88,590 $0 $0
2013 -- $113,809 $18,333 $95,476
Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2024

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    2 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • D

    Buyer's Agent in 2024

    Debbie Roberts

    Town and Country Diversified R

    (505) 350-6398

    1 in this area

    25 Total Sales

    Debbie Roberts
    Section Image
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Map

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

MLS Number: 1063918

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-068-145-360

New Mexico Sandoval County Rio Rancho 87124 Corrales Heights

4313 Sabana Loop SE Unit S, Rio Rancho, NM

This home is located at 4313 Sabana Loop SE Unit S, Rio Rancho, NM 87124 since 25 May 2024 and is currently estimated at $707,565, approximately $171 per square foot. This property was built in 2005. 4313 Sabana Loop SE Unit S is a home located in Sandoval County with nearby schools including Rio Rancho Elementary School, Rio Rancho 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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