NOT LISTED FOR SALE

515 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $427,000 - $517,000

2 Beds
1 Bath
3,200 Sq Ft
$148/Sq Ft Est. Value

Last Sold October 07, 2021

Current estimated payment $2,733/month

84 Days on Market

Highlights

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

About This Home

As of October 2021

Did you know that Rio Rancho has an unmet rental housing demand of 5,742 units? And that is before the additional 750 Intel jobs that are slated to be added this coming year.New to market this Rio Rancho fourplex. Located near the Southern/Unser intersection the property is close both to the medical centers, retail/restaurant opportunities as well as just across the county line from Albuquerque.Rent increases are in the works with Unit A going to $850 a month.Measures of investment performance at ask price of $375,000 with a current average rent of $700 are a GRM of 11.16, a 5.58% cap rate before reserves, 5.34% cap rate after reserves, 15.50% after tax IRR, $93,750 per unit, and a price per sf of $117.19.Property also has a brand new roof.!

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 05/17/2021

Last Buyer's Agent

Josephine Graf

Logic Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,201

Year Built

  • Built in 1990

Lot Details

  • 0.34 Acre Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 1009069414112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,201

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Unser and Southern - west to Rainbow, north to Pecos, east to Vancouver, follow curve north to property - you can exit north on to Tulip - straight shot back into RR
  • Year Built: 1990
  • Lot Size Acres: 0.34
  • Subdivision Name: Rio Rancho Estate
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3200.0
  • Stories: 1

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Additional Parcels: Yes
  • Parcel #: 1009069414112
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2200.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Oct 6, 2021
Sold by
Sullivan Shawn and Sullivan Sarah Lorie
Bought by
Hamer David and Hamer Julie
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Josephine Graf
Logic Real Estate
List Price
$375,000
Current Estimated Value
$456,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$281,250
Outstanding Balance
$256,474
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$217,138

Purchase Details

Listed on
Sep 7, 2018
Closed on
Jun 19, 2019
Sold by
Treftlin Carl L
Bought by
Suilivan Shawn and Suilivan Sarah Lorrie
Seller's Agent
Marsha Strange
Top Tier Realty
Buyer's Agent
Franz Redl
R & R Real Estate Partners LLC
List Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.53%
Original Mortgage
$157,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2010
Sold by
Greenside Ents Llc
Bought by
Treftlin Carl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,559
Interest Rate
4.62%
Mortgage Type
New Conventional
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
Hamer David -- Fidelity National Ttl Ins Co
Suilivan Shawn -- None Available
Sullivan Shawn -- Stewart
Treftlin Carl L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamer David $281,250
Previous Owner Sullivan Shawn $157,500
Previous Owner Treftlin Carl L $220,559
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2021 10/07/21 Sold -- -- --
08/09/2021 08/09/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $375,000 +108.3% $117 / Sq Ft
06/18/2019 06/18/19 Sold -- -- -- View Prior Sale
06/14/2019 06/14/19 Pending -- -- --
09/07/2018 09/07/18 For Sale $180,000 -- $53 / 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 $3,924 $108,889 $14,785 $94,104
2024 $3,980 $108,889 $14,785 $94,104
2023 $3,980 $108,889 $14,785 $94,104
2022 $3,864 $105,718 $14,785 $90,933
2021 $2,267 $60,674 $9,314 $51,360
2020 $2,201 $58,908 $0 $0
2019 $2,216 $58,908 $0 $0
2018 $2,023 $57,191 $0 $0
2017 $1,940 $55,526 $0 $0
2016 $2,110 $53,909 $0 $0
2014 $2,039 $53,909 $0 $0
2013 -- $53,909 $5,123 $48,786
Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2021

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    7 in this area

    224 Total Sales

    Todd Clarke
    Section Image

  • J

    Buyer's Agent in 2021

    Josephine Graf

    Logic Real Estate

  • Marsha Strange

    Seller's Agent in 2019

    Marsha Strange

    Top Tier Realty

    (505) 203-9059

    1 in this area

    48 Total Sales

    Marsha Strange
    Section Image
  • Franz Redl

    Buyer's Agent in 2019

    Franz Redl

    R & R Real Estate Partners LLC

    (505) 280-6365

    2 in this area

    82 Total Sales

    Franz Redl
    Section Image
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Map

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

MLS Number: 992181

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-414-112

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

515 Vancouver Rd SE, Rio Rancho, NM

Not Listed for Sale

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