NOT LISTED FOR SALE

513 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $348,000 - $419,674

2 Beds
1 Bath
2,800 Sq Ft
$137/Sq Ft Est. Value

Last Sold December 20, 2019

Current estimated payment $2,234/month

15 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Community Storage Space
  • Eagle Ridge Middle School Rated A-
  • Forced Air Heating System
  • Property has 1 Level

About This Home

As of December 2019

A Fully occupied, 4 plex for sale. All units have refrigerators, stoves, stacking washer/dryers, and private backyards. APOD available upon request. Attractive Cap rates and upside. Proof of funds or pre-approval must accompany each offer. Viewing of units will be available for inspections upon and accepted offer. Please do not disturb tenants. 1 additional 4-plexes is available through same listing broker at 618 Vancouver.Please do not walk properties or disturb Tenants at either properties. Thank you for being considerate of the tenants rights to quiet enjoyment.

Last Agent to Sell the Property

Mark Rickert

Real Broker, LLC License #49444 Listed on: 10/18/2019

Last Buyer's Agent

Elias Medina

Realty One of New Mexico

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,352

Year Built

  • Built in 1985

Lot Details

  • 0.34 Acre Lot

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,800 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Free-Standing Gas Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • 220 Volts
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2,800 Sq Ft Building
  • Community Storage Space

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1009069411127

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,352

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Southern and Rainbow Rd in Rio Rancho, turn right. Proceed to Tulip Rd. Turn right. Four Plex is on the right at 513.
  • Year Built: 1985
  • Lot Size Acres: 0.34
  • Co List Office Mls Id: KWLR01
  • Co List Office Phone: (505) 271-8200
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Free-Standing Gas Range, Disposal, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 2800.0

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: 100 Amp Service, 220 Volts
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 1009069411127
  • Zoning Description: R-1

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2351.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 20, 2019
Sold by
Korn Judilla
Bought by
Korn Michael
Seller's Agent
Mark Rickert
Real Broker, LLC
Buyer's Agent
Elias Medina
Realty One of New Mexico
List Price
$245,000
Current Estimated Value
$382,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.19%
Original Mortgage
$180,000
Outstanding Balance
$122,168
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$260,390

Purchase Details

Closed on
Jul 15, 2016
Sold by
Bouchard Ranae and Bouchard James
Bought by
Cheng Mo and Cheng Meijia
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
Korn Michael -- Old Republic Natl Ttl Ins Co
Cheng Mo -- Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korn Michael $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold -- -- --
11/04/2019 11/04/19 Pending -- -- --
10/20/2019 10/20/19 For Sale $245,000 -- $88 / Sq Ft
10/18/2019 10/18/19 Off Market -- -- --
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 $2,618 $72,636 $14,785 $57,851
2024 $2,655 $72,636 $14,785 $57,851
2023 $2,655 $72,636 $14,785 $57,851
2022 $2,578 $70,521 $17,859 $52,662
2021 $2,635 $70,521 $17,859 $52,662
2020 $2,558 $68,467 $0 $0
2019 $2,576 $68,467 $0 $0
2018 $2,352 $66,473 $0 $0
2017 $2,274 $65,099 $0 $0
2016 $2,142 $54,727 $0 $0
2014 $2,070 $54,727 $0 $0
2013 -- $54,727 $5,254 $49,473
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

  • E

    Buyer's Agent in 2019

    Elias Medina

    Realty One of New Mexico

    Section Image
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Map

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

MLS Number: 956304

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-411-127

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

513 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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