NOT LISTED FOR SALE

724 Palo Alto Dr NE Rio Rancho, NM 87124

Loma Colorado Neighborhood

Estimated Value: $449,849

4 Beds
2 Baths
1,979 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 10, 2021

Current estimated payment $2,821/month

Highlights

  • 3 Car Attached Garage
  • No Interior Steps
  • 2-minute walk to Prado Alto Park
  • Ernest Stapleton Elementary School Rated A-
  • 1-Story Property

About This Home

As of August 2021

This home is located at 724 Palo Alto Dr NE, Rio Rancho, NM 87124 since 10 August 2021 and is currently priced at $449,849, approximately $227 per square foot. 724 Palo Alto Dr NE is a home located in Sandoval County with nearby schools including Ernest Stapleton Elementary School, Eagle Ridge Middle School, and Rio Rancho High School.

Last Agent to Sell the Property

Brian Tercero

Keller Williams Realty License #46774 Listed on: 08/10/2021

Keller Williams Realty

Last Buyer's Agent

NON MEMBER

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,434

Lot Details

  • 10,367

Parking

  • 3 Car Attached Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 1-Story Property
  • No Interior Steps

Listing and Financial Details

  • Assessor Parcel Number R182666

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,434

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Levels: One
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: No Interior Steps

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 3.0

Utilities

  • Water Source: Public

Schools

  • Elementary School: Unknown
  • High School: Unknown
  • Middle Or Junior School: Unknown

Lot Info

  • Land Lease: No
  • Parcel #: R182666
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Aug 6, 2021
Sold by
Tercero Adrian Leon and Tercero Hertinda
Bought by
Phillips Kenneth E and Rosati Phillips Patricia
Seller's Agent
Brian Tercero
Keller Williams Realty
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$370,000
Current Estimated Value
$449,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$319,600
Outstanding Balance
$292,899
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$156,643

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 12, 2020
Sold by
Lobato Richard L and Lobato Danette C
Bought by
Tercero Adrian Leon and Tercero Herinda
Seller's Agent
Jennifer Cook
Realty One of New Mexico
Buyer's Agent
Sarah Griffin
Keller Williams Realty
List Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.57%
Original Mortgage
$304,200
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2015
Sold by
Pulte Homes Of New Mexico Inc
Bought by
Lobato Richard L and Lobato Danette C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,548
Interest Rate
4.4%
Mortgage Type
FHA
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
Phillips Kenneth E -- Fidelity National Ttl Ins Co
Tercero Adrian Leon -- First American Title Ins Co
Tercero Adrian Leon -- First American Title
Lobato Richard L -- Pgp Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Kenneth E $50,000
Open Phillips Kenneth E $319,600
Previous Owner Tercero Adrian Leon $304,200
Previous Owner Lobato Richard L $26,233
Previous Owner Lobato Richard L $263,548
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold -- -- --
08/10/2021 08/10/21 Sold -- -- --
08/10/2021 08/10/21 For Sale $370,000 0.0% $187 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/11/2021 07/11/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $370,000 +10.4% $186 / Sq Ft
11/13/2020 11/13/20 Sold -- -- --
10/03/2020 10/03/20 Pending -- -- --
10/03/2020 10/03/20 For Sale $335,000 -- $169 / Sq Ft
Source: Santa Fe 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
2024 $4,434 $124,952 $17,278 $107,674
2023 $4,434 $121,313 $16,000 $105,313
2022 $4,305 $117,779 $16,000 $101,779
2021 $3,723 $99,634 $16,000 $83,634
2020 $3,288 $87,990 $0 $0
2019 $3,214 $85,427 $0 $0
2018 $2,934 $82,939 $0 $0
2017 $2,813 $80,523 $0 $0
2016 $3,151 $80,523 $0 $0
2014 -- $16,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tercero

    Seller's Agent in 2021

    Brian Tercero

    Keller Williams Realty

    (505) 930-9586

    2 in this area

    109 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

    NON MEMBER

  • Stewart Morris

    Buyer's Agent in 2021

    Stewart Morris

    Green Light Real Estate Svcs

    (505) 250-9689

    1 in this area

    5 Total Sales

    Section Image

  • J

    Seller's Agent in 2020

    Jennifer Cook

    Realty One of New Mexico

    (505) 553-3084

    1 in this area

    52 Total Sales

    Section Image
  • Barbara Wade

    Seller Co-Listing Agent in 2020

    Barbara Wade

    Realty One of New Mexico

    (505) 903-9061

    1 in this area

    14 Total Sales

    Section Image
  • Sarah Griffin

    Buyer's Agent in 2020

    Sarah Griffin

    Keller Williams Realty

    (505) 350-8045

    1 in this area

    210 Total Sales

    Section Image
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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202103558

Santa Fe Association of REALTORS®

APN: 1-013-070-363-263

New Mexico Sandoval County Rio Rancho 87124 Loma Colorado

724 Palo Alto Dr NE, Rio Rancho, NM

This home is located at 724 Palo Alto Dr NE, Rio Rancho, NM 87124 since 10 August 2021 and is currently priced at $449,849, approximately $227 per square foot. 724 Palo Alto Dr NE is a home located in Sandoval County with nearby schools including Ernest Stapleton Elementary School, Eagle Ridge 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.

Santa Fe Association of REALTORS® The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Ten-X are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.

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