NOT LISTED FOR SALE

648 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $325,000 - $408,654

2 Beds
1 Bath
3,120 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 02, 2018

Current estimated payment $2,217/month

12 Days on Market

Highlights

  • Two cooling system units
  • Carpet
  • Property has 1 Level
  • Eagle Ridge Middle School Rated A-

About This Home

As of November 2018

Attractive pitched roof fourplex on Rio Rancho's westside. Nearer units embedded in residential neighborhood.Measure of investment performance at actual rents of $600 - GRM of 7.88, cap rate of 6.20%, after tax IRR of 12.3%.If rents are raised to market - measure of investment performance improve with market rents of $793 - GRM of 5.96, cap rate of 9.40%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 06/27/2018

Last Buyer's Agent

Leanna Chavez

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,287

Year Built

  • Built in 1999

Lot Details

  • 0.34 Acre Lot
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,120 Sq Ft Home
  • Property has 1 Level
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Two cooling system units
  • Multiple Heating Units

Community Details

  • 3,120 Sq Ft Building
  • Rio Rancho Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1009069328076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,287

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Southern & Hwy 528 west on Southern to Rainbow, north to Vancouver, east to property
  • Year Built: 1999
  • Lot Size Acres: 0.34
  • Subdivision Name: Rio Rancho Estates
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 16 - 20
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3120.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: 2 Units
  • Heating: Multiple Heating Units
  • Utilities: Municipal Utilities
  • Cooling Y N: Yes

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Additional Parcels: Yes
  • Parcel #: 1009069328076
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3286.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Nov 1, 2018
Sold by
Kavanjagh Fiona and Macintyre Fiona
Bought by
Pierce Brian
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Leanna Chavez
Realty One of New Mexico
List Price
$227,000
Current Estimated Value
$375,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$217,979
Outstanding Balance
$190,881
Interest Rate
4.6%
Mortgage Type
FHA
Estimated Equity
$185,004
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
Pierce Brian -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Brian $217,979
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2018 11/02/18 Sold -- -- --
07/09/2018 07/09/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $227,000 -- $73 / 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 $2,815 $78,113 $14,613 $63,500
2024 $2,855 $78,113 $14,613 $63,500
2023 $2,855 $78,113 $14,613 $63,500
2022 $2,772 $75,837 $18,305 $57,532
2021 $2,834 $75,837 $18,305 $57,532
2020 $2,751 $73,629 $0 $0
2019 $2,770 $73,629 $0 $0
2018 $2,540 $71,787 $0 $0
2017 $2,455 $70,263 $0 $0
2016 $3,287 $83,988 $0 $0
2014 $3,177 $83,988 $0 $0
2013 -- $83,988 $5,464 $78,524
Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2018

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    7 in this area

    224 Total Sales

    Todd Clarke
    Section Image

  • L

    Buyer's Agent in 2018

    Leanna Chavez

    Realty One of New Mexico

See All Agents

Map

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

MLS Number: 922406

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-328-076

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

648 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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