$18,900
SOLD APR 11, 2025
Last list price

5023 Magenta Rd NE Rio Rancho, NM 87144

Central Rio Rancho Neighborhood
0.98 Acre
$19,286 Price per Acre
42,689 Sq Ft Lot

Recently Sold

265 Days on Market

Highlights

  • 0.98 Acre Lot
  • Vista Grande Elementary School Rated A-
  • Level Lot

About This Lot

As of April 2025

Large lot with gas and electric nearby, ready to build. This oversized lot has two very high end custom homes already built nearby. Owner financing available with low down! Will consider an REC with 10% down remaining balance $17,910 financed at 6% over 15 years ($143.54 princ./int. per month). Easy to buy!

Last Agent to Sell the Property

Michael Schlichte

Absolute Real Estate License #17987 Listed on: 12/13/2023

Last Buyer's Agent

Michael Schlichte

Absolute Real Estate License #17987 Listed on: 12/13/2023

Property Details

Property Type

  • Land

Lot Details

  • 0.98 Acre Lot
  • Level Lot

Schools

  • Vista Grande Elementary School
  • Mountain View Middle School
  • V. Sue Cleveland High School

Utilities

  • Underground Utilities
  • Well
  • Septic Tank

Community Details

  • Rio Rancho Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 67
  • Assessor Parcel Number 1015075095431

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Directions: From Hwy 550 and Chayote, go south on Chayote to Kennard Rd., turn right (west) to Hummell Rd., then right (north) to Magenta Rd., turn right to the lot on the right.
  • Listing Contract Date: 2023-12-13
  • Lot Size Acres: 0.98
  • Subdivision Name: Rio Rancho Estates
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential, Unimproved

Exterior Features

  • Lot Features: Other, See Remarks, Stream/Creek
  • Disclosures: Principal is Real Estate Licensed, RANM 2100 Disclosure

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Underground Utilities, Water Available
  • Water Source: Well
  • Sewer: Septic Tank

Schools

  • Elementary School: Vista Grande
  • High School: V. Sue Cleveland
  • Middle Or Junior School: Mountain View

Lot Info

  • Topography: Level
  • Number of Lots: 1
  • Current Use: Residential, Unimproved
  • Lot Size Sq Ft: 42688.8
  • Parcel #: 1015075095431
  • Zoning Description: R-1

Tax Info

  • Tax Annual Amount: 35.24
  • Tax Block: 67
  • Tax Lot: 2
  • Tax Tract: N/A

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold -- -- --
09/04/2024 09/04/24 Pending -- -- --
08/28/2024 08/28/24 Price Changed $18,900 -5.0% --
12/13/2023 12/13/23 For Sale $19,900 -- --
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Schlichte

    Seller's Agent in 2025

    Michael Schlichte

    Absolute Real Estate

    (505) 318-6264

    24 in this area

    200 Total Sales

    Michael Schlichte
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Map

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

MLS Number: 1054279

Southwest MLS (Greater Albuquerque Association of REALTORS®)
New Mexico Sandoval County Rio Rancho 87144 Central Rio Rancho

5023 Magenta Rd NE, Rio Rancho, NM

This home is located at 5023 Magenta Rd NE, Rio Rancho, NM 87144 and is currently priced at $18,900. 5023 Magenta Rd NE is a home located in Sandoval County with nearby schools including Vista Grande Elementary School, Mountain View Middle School, and Cleveland 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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