NOT LISTED FOR SALE

551 Silver Saddle Rd SE Rio Rancho, NM 87124

Western Hills Neighborhood

Estimated Value: $327,000 - $377,000

4 Beds
2 Baths
1,913 Sq Ft
8,276 Sq Ft Lot

Last Sold March 12, 2021

Current estimated payment $2,032/month

Highlights

  • Solar Power System
  • High Ceiling
  • Covered Patio or Porch
  • Maggie Cordova Elementary School Rated A-
  • Private Yard
  • Beamed Ceilings

About This Home

As of March 2021

''Unique 4 bedroom, 2 bathroom house in a quiet neighborhood with lots of natural light, and beamed high ceilings in living area. This house has a newer garage door, newer carpet throughout, newer canned lighting, and french doors in kitchen/dining area. Large master suite with walk-in closet. Enjoy cheap electric bills with the fully paid-off solar panels. Refrigerated air.''

Last Agent to Sell the Property

Melloy Group

Simply Real Estate Listed on: 01/22/2021

Simply Real Estate

Co-Listed By

Robert Melloy

Simply Real Estate License #53533

Last Buyer's Agent

Alayna Setter

Realty One of New Mexico

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,743

Year Built

  • Built in 1988

Lot Details

  • Northeast Facing Home
  • Fenced
  • Private Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Stucco

Interior Spaces

  • 1,913 Sq Ft Home
  • Property has 1 Level
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Washer and Gas Dryer Hookup

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Covered Patio or Porch
  • Covered Courtyard
  • Separate Outdoor Workshop
  • Outdoor Storage

Schools

  • Maggie Cordova Elementary School
  • Lincoln Middle School
  • Rio Rancho High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 1011069412088

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,743

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Directions: Go North of Southern Blvd on Unser Blvd.Take a right on Zaragoza RD SETurn left on Wagon Train DRTurn right on Silver Saddle RD 3rd house on right.
  • Listing Contract Date: 2021-01-21
  • Year Built: 1988
  • Lot Size Acres: 0.19
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: SIMP01
  • Co List Office Phone: (505) 308-3800
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Year Built Details: 31 - 40
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), High Ceilings, Main Level Master, Skylights, Tub Shower, Walk-In Closet(s)
  • Stories: 1
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1913.0
  • Window Features: Double Pane Windows, Insulated Windows, Skylight(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Courtyard, Fence, Private Yard, Storage
  • Roof: Flat
  • Fencing: Wall
  • Pool Private: No
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Direction Faces: Northeast
  • Other Structures: Workshop
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Refrigerated
  • Electric: None
  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Gas Dryer Hookup, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Maggie Cordova
  • High School: Rio Rancho
  • Middle Or Junior School: Lincoln

Green Features

  • Green Power: Solar

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 1011069412088
  • Zoning Description: R-1

Tax Info

  • Tax Annual Amount: 1743.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 11, 2021
Sold by
Jenkins Marcus S
Bought by
Shadday Michelle Marie
Seller's Agent
Melloy Group
Simply Real Estate
Buyer's Agent
Alayna Setter
Realty One of New Mexico
List Price
$265,000
Current Estimated Value
$353,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$265,000
Outstanding Balance
$237,554
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$115,995

Purchase Details

Closed on
May 5, 2020
Sold by
Jenkins Marcus S
Bought by
Jenkins Marcus S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,755
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2018
Sold by
Jenkins Benningan M
Bought by
Jenkins Marcus S

Purchase Details

Listed on
Jan 9, 2016
Closed on
Jun 8, 2016
Sold by
Walraven Sanchez Kim L and Sanchez Rosleo
Bought by
Jenkins Marcus S and Jenkins Bennigna M
Seller's Agent
Josephine Graf
Unica Real Estate LLC
Buyer's Agent
Christine Mayer
ERA Sellers & Buyers Real Esta
List Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$170,000
Interest Rate
3.66%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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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
Shadday Michelle Marie -- Fidelity National Title
Shadday Michelle Made -- Fidelity National Title
Jenkins Marcus S -- None Available
Jenkins Marcus S -- None Available
Jenkins Marcus S -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shadday Michelle Made $265,000
Closed Shadday Michelle Made $265,000
Previous Owner Jenkins Marcus S $164,755
Previous Owner Jenkins Marcus S $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold -- -- --
01/23/2021 01/23/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $265,000 +32.5% $139 / Sq Ft
06/09/2016 06/09/16 Sold -- -- --
04/26/2016 04/26/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $200,000 -- $107 / 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 -- $94,637 $18,239 $76,398
2024 $1,781 $91,880 $17,302 $74,578
2023 $1,781 $89,204 $16,327 $72,877
2022 $0 $86,607 $9,780 $76,827
2021 $1,802 $54,230 $9,495 $44,735
2020 $1,743 $52,651 $0 $0
2019 $1,697 $51,118 $0 $0
2018 $1,544 $49,629 $0 $0
2017 $1,816 $57,998 $0 $0
2016 $2,214 $56,565 $0 $0
2014 $2,685 $70,991 $0 $0
2013 -- $70,991 $8,378 $62,613
Source: Public Records

Agents Affiliated with this Home

  • Melloy Group

    Seller's Agent in 2021

    Melloy Group

    Simply Real Estate

    (505) 228-3925

    1 in this area

    94 Total Sales

    Melloy Group
    Section Image
  • Robert Melloy

    Seller Co-Listing Agent in 2021

    Robert Melloy

    Simply Real Estate

    (505) 228-3925

    1 in this area

    45 Total Sales

    Robert Melloy
    Section Image

  • A

    Buyer's Agent in 2021

    Alayna Setter

    Realty One of New Mexico

  • J

    Seller's Agent in 2016

    Josephine Graf

    Unica Real Estate LLC

  • J

    Seller Co-Listing Agent in 2016

    John Griego

    Unica Real Estate LLC

  • C

    Buyer's Agent in 2016

    Christine Mayer

    ERA Sellers & Buyers Real Esta

    Section Image
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Map

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

MLS Number: 984368

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-069-412-088

New Mexico Sandoval County Rio Rancho 87124 Western Hills

551 Silver Saddle Rd SE, Rio Rancho, NM

This home is located at 551 Silver Saddle Rd SE, Rio Rancho, NM 87124 since 22 January 2021 and is currently estimated at $353,549, approximately $184 per square foot. This property was built in 1988. 551 Silver Saddle Rd SE is a home located in Sandoval County with nearby schools including Maggie Cordova Elementary School, Lincoln Middle School, and Rio Rancho 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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