NOT LISTED FOR SALE

537 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $417,536 - $515,000

2 Beds
1 Bath
3,600 Sq Ft
$130/Sq Ft Est. Value

Last Sold September 24, 2021

Current estimated payment $2,332/month

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 September 2021

Great opportunity to own residential income producing property in Rio Rancho, New Mexico. Fourplex apartment building with large 2 bedroom/1 bath apartments. Each apartment has open kitchen area, breakfast bar, electric stove, dishwasher, refrigerator, washer/dryer hookups and private storage plus off street parking. Long term rental history, fully occupied. Close to schools, community parks, and easy access to all city amenities.

Last Agent to Sell the Property

Diane Martinez Cash

Pinnacle Real Estate Group License #20770 Listed on: 07/06/2021

Last Buyer's Agent

Gaillour Group

Keller Williams Realty License #49199

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 2006

Lot Details

  • 0.34 Acre Lot

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,600 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

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

Community Details

  • 3,600 Sq Ft Building
  • Community Storage Space

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1009069400096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Highway 528/Southern (W) to Rainbow (N) to Pecos Loop (E) to Vancouver (N) to Fourplex on your left.
  • Year Built: 2006
  • Lot Size Acres: 0.34
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 10 - 15
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Free-Standing Electric Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3600.0
  • Stories: 1

Exterior Features

  • 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
  • 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 #: 1009069400096
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2228.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Sep 24, 2021
Sold by
Barber James
Bought by
Gaillour Marsha L and Harrison Timothy S
Seller's Agent
Diane Martinez Cash
Pinnacle Real Estate Group
Buyer's Agent
Gaillour Group
Keller Williams Realty
List Price
$330,000
Current Estimated Value
$380,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$162,500
Outstanding Balance
$147,863
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$319,316
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
Gaillour Marsha L -- Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaillour Marsha L $162,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold -- -- --
08/06/2021 08/06/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $330,000 0.0% $92 / Sq Ft
08/02/2021 08/02/21 Price Changed $330,000 +0.6% $92 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $328,000 -- $91 / 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 $3,900 $108,213 $14,785 $93,428
2024 $3,955 $108,213 $14,785 $93,428
2023 $3,955 $108,213 $14,785 $93,428
2022 $3,840 $105,062 $14,785 $90,277
2021 $2,296 $61,446 $11,752 $49,694
2020 $2,229 $59,656 $0 $0
2019 $2,244 $59,656 $0 $0
2018 $2,049 $57,918 $0 $0
2017 $1,964 $56,232 $0 $0
2016 $2,136 $54,594 $0 $0
2014 $217 $5,245 $0 $0
2013 -- $5,245 $5,245 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Diane Martinez Cash

    Pinnacle Real Estate Group

    (505) 897-7300

    9 in this area

    67 Total Sales

    Diane Martinez Cash
    Section Image

  • G

    Buyer's Agent in 2021

    Gaillour Group

    Keller Williams Realty

    (505) 897-1100

    5 in this area

    133 Total Sales

    Gaillour Group
    Section Image
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Map

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

MLS Number: 995941

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-400-096

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

537 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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