NOT LISTED FOR SALE

507 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $349,000 - $392,000

2 Beds
1 Bath
3,200 Sq Ft
$116/Sq Ft Est. Value

Last Sold February 26, 2019

Current estimated payment $2,180/month

39 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Ceiling Fan
  • Eagle Ridge Middle School Rated A-
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of February 2019

This excellent fourplex is located near restaurants, Wal-Mart, financial institutions, medical, automotive as well as numerous other businesses. Rio Rancho has grown over 14% between 2010 - 2016 and the need for rental units is great. Rio Rancho has a shortage of rentals and is why these units are nearly always full. This is a great investment opportunity for a seasoned investor, or someone just getting started with a 7% CAP rate and a value-add upside. Please do not disturb the residents.

Last Agent to Sell the Property

Mark Rickert

Real Broker, LLC License #49444 Listed on: 11/10/2018

Last Buyer's Agent

Davina Lawson

Coldwell Banker Legacy License #49324

Coldwell Banker Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,368

Year Built

  • Built in 1985

Lot Details

  • 0.34

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Co-Op Water

Additional Features

  • Exterior Lighting
  • 0.34 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1009069427127

Community Details

Overview

  • 3,200 Sq Ft Building
  • Rio Rancho Estates Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,368

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Southern and Unser, West on Southern - Pass Rainbow Pool - Turn right on Atlantic. Follow to end and the parking lot in front of you will be 507 Vancouver.
  • Year Built: 1985
  • Lot Size Acres: 0.34
  • Co List Office Mls Id: KWLR01
  • Co List Office Phone: (505) 271-8200
  • Subdivision Name: Rio Rancho Estates
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Built-In Gas Oven, Built-In Gas Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3200.0
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Central, Forced Air, Gas
  • Utilities: Electricity Available, Natural Gas Available, Municipal Utilities, Water Available
  • Water Source: Community/Coop
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Laundry Facilities, Storage Facilities

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 1009069427127
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0

Tax Info

  • Tax Annual Amount: 2368.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2018
Closed on
Feb 25, 2019
Sold by
Cheng And Cheng Nm Llc
Bought by
Garcia Easton G and Garcia Kimberly C
Seller's Agent
Mark Rickert
Real Broker, LLC
Buyer's Agent
Davina Lawson
Coldwell Banker Legacy
List Price
$235,000
Current Estimated Value
$370,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$168,750
Outstanding Balance
$148,360
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$222,140

Purchase Details

Listed on
Jun 28, 2014
Closed on
Sep 2, 2014
Sold by
Branwill Enterprises Llc
Bought by
Cheng & Cheng Nm Llc
Seller's Agent
Jack Piserchia
J & M Realty
Buyer's Agent
Timothy Sander
Realty Consultants
List Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.96%
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
Garcia Easton G -- Old Republic Natl Ttl Ins Co
Cheng & Cheng Nm Llc -- Stewart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Easton G $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2019 02/26/19 Sold -- -- --
12/21/2018 12/21/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $235,000 -5.6% $73 / Sq Ft
09/02/2014 09/02/14 Sold -- -- -- View Prior Sale
07/22/2014 07/22/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $249,000 -- $78 / 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 $2,727 $75,669 $14,785 $60,884
2024 $2,766 $75,669 $14,785 $60,884
2023 $2,766 $75,669 $14,785 $60,884
2022 $2,685 $73,466 $17,897 $55,569
2021 $2,745 $73,466 $17,897 $55,569
2020 $2,665 $71,327 $0 $0
2019 $2,683 $71,327 $0 $0
2018 $2,450 $69,249 $0 $0
2017 $2,368 $67,800 $0 $0
2016 $2,759 $70,500 $0 $0
2014 $2,286 $60,426 $0 $0
2013 -- $60,426 $5,101 $55,325
Source: Public Records

Agents Affiliated with this Home

  • Mark Rickert

    Seller's Agent in 2019

    Mark Rickert

    Real Broker, LLC

    (505) 570-4602

    3 in this area

    107 Total Sales

    Mark Rickert
    Section Image
  • Davina Lawson

    Buyer's Agent in 2019

    Davina Lawson

    Coldwell Banker Legacy

    (505) 415-9479

    1 in this area

    66 Total Sales

    Davina Lawson
    Section Image

  • J

    Seller's Agent in 2014

    Jack Piserchia

    J & M Realty

    Section Image
  • Timothy Sander

    Buyer's Agent in 2014

    Timothy Sander

    Realty Consultants

    (505) 934-0077

    Timothy Sander
    Section Image
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Map

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

MLS Number: 932335

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-427-127

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

507 Vancouver Rd SE, Rio Rancho, NM

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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