NOT LISTED FOR SALE

652 Vancouver Rd SE Rio Rancho, NM 87124

Solar Village-Mid-Unser Neighborhood

Estimated Value: $460,000 - $595,000

2 Beds
1 Bath
2,700 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 05, 2024

Current estimated payment $3,077/month

236 Days on Market

Highlights

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

About This Home

As of August 2024

652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes. Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 10/15/2023

Co-Listed By

Kyle Deacon

Deacon Property Services License #15579

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,375

Year Built

  • Built in 1997

Lot Details

  • 0.34 Acre Lot
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,700 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1009069319071

Community Details

Overview

  • 2,700 Sq Ft Building
  • Legal: Subd: Rio Rancho Estates Block: Aa Lot: 7B Subdivision

Building Details

  • Operating Expense $19,722
  • Gross Income $53,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,375

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Unser and Southern, West on Southern to Rainbow, north to Tulip and east to property (faces Tulip, address is on Vancouver)
  • Year Built: 1997
  • Lot Size Acres: 0.34
  • Co List Office Mls Id: DEAC01
  • Co List Office Phone: (505) 878-0100
  • Subdivision Name: LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 7B
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 2700.0
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Additional Parcels: Yes
  • Parcel #: 1009069319071
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 53910.0
  • Annual Operating Expense: 19722.0

Tax Info

  • Tax Annual Amount: 2375.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2023
Closed on
Aug 2, 2024
Sold by
Edge Capital V Llc
Bought by
Zeller Weston S
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Nonmls Nonmls
Non Member of SWMLS
List Price
$595,000
Views
126
Current Estimated Value
$545,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.85%
Original Mortgage
$560,642
Outstanding Balance
$554,298
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$8,709

Purchase Details

Closed on
Jul 28, 2004
Sold by
Sanchez Richard S and Sanchez Diane F
Bought by
A2z Investments Llc
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
Zeller Weston S -- Fidelity National Title
A2z Investments Llc $169,575 Albuquerque Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeller Weston S $560,642
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2024 08/05/24 Sold -- -- --
06/08/2024 06/08/24 Pending -- -- --
03/28/2024 03/28/24 Price Changed $612,500 +2.9% $227 / Sq Ft
10/15/2023 10/15/23 For Sale $595,000 +70.0% $220 / Sq Ft
08/31/2022 08/31/22 Sold -- -- -- View Prior Sale
08/11/2022 08/11/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $350,000 +75.9% $129 / Sq Ft
04/01/2019 04/01/19 Sold -- -- -- View Prior Sale
03/18/2019 03/18/19 Pending -- -- --
03/10/2019 03/10/19 For Sale $199,000 -- $74 / 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 $2,412 $144,040 $24,683 $119,357
2024 $2,375 $66,930 $13,378 $53,552
2023 $2,375 $64,981 $18,012 $46,969
2022 $2,375 $64,981 $18,012 $46,969
2021 $2,428 $64,981 $18,012 $46,969
2020 $2,357 $63,088 $0 $0
2019 $2,145 $57,015 $0 $0
2018 $1,958 $55,355 $0 $0
2017 $1,877 $53,742 $0 $0
2016 $2,042 $52,178 $0 $0
2014 $1,974 $52,178 $0 $0
2013 -- $52,178 $3,684 $48,494
Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2024

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    7 in this area

    224 Total Sales

    Todd Clarke
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    2 in this area

    166 Total Sales

    Kyle Deacon
    Section Image

  • N

    Buyer's Agent in 2024

    Nonmls Nonmls

    Non Member of SWMLS

  • K

    Seller's Agent in 2022

    K2 Realty Group

    EXP Realty, LLC

    (505) 750-2837

    12 in this area

    612 Total Sales

    K2 Realty Group
    Section Image
  • Kiki Salcido

    Seller Co-Listing Agent in 2022

    Kiki Salcido

    EXP Realty, LLC

    (505) 369-2053

    1 in this area

    16 Total Sales

    Kiki Salcido
    Section Image

  • J

    Seller's Agent in 2019

    Jason Tipton

    Realty One of New Mexico

See All Agents

Map

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

MLS Number: 1043244

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-009-069-319-071

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

652 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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