13 days on rocket

502 Palo Alto Dr NE, Rio Rancho, NM, 87124

$467,499

Home List Price

$5,552*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,611 SqFt
$179/SqFt
House
Schools Nearby

Location

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502 Palo Alto Dr NE, Rio Rancho$467,499

Buyer Closing Credits

$5,552*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached Garage2 spaces
Year Built2012
HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
FireplaceGas Log
MLS #1061005
Lot Size0.17 Acres
StatusActive

About 502 Palo Alto Dr NE

Discover spacious living in Loma Colorado's coveted community with this stunning home! The open-concept design connects the living room to a gourmet kitchen, complete with a large island, granite countertops, and stainless steel appliances. Cozy up by the gas log fireplace in the bright living room with high ceilings. Retreat to the private Master suite, separate from the additional bedrooms, all boasting walk-in closets. Enjoy versatile spaces with an upstairs loft and a main-level office. Outside, the landscaped backyard with a covered patio is perfect for summer gatherings. Parking is a breeze with a tandem 3-car garage. Don't miss out on this gem!

Property Details

Property Features

Property Information:

  • Year Built: 2012
  • Stories: 2
  • Living Area: 2,611 SqFt

Listing Office:

  • Office Name: Realty One of New Mexico
  • Office Phone: (505) 883-9400
  • Listing Agent: Terri A Capone-Compton

Interior Features

Interior Information:

  • Appliances: Electric Range, Dishwasher, Disposal, Microwave
  • Basement: No
  • Flooring Type: Carpet, Tile
  • Interior: Bathtub, Ceiling Fan(s), Dual Sinks, Garden Tub/Roman Tub, High Ceilings, Home Office, Kitchen Island, Loft, Multiple Living Areas, Pantry, Soaking Tub, Separate Shower, Walk-In Closet(s)
  • Fireplace: Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Yard

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Garage

Virtual/3D Tour

  • 3D Tour: 502 Palo Alto Dr NE

3D Tour

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Rio Rancho High School, Public District Grades 9-12
  • Eagle Ridge Middle School, Public District Grades 6-8
  • Ernest Stapleton Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Head northeast on NM-528 S toward Don Julio Rd/Northern Blvd NE >>Turn left (West) onto Northern Blvd NE (1.9 mi) >> Turn left onto Loma Colorado Blvd NE (0.1 mi) >> At the traffic circle, continue straight to stay on Loma Colorado Blvd NE (0.3 mi) >> At the traffic circle, take the 3rd exit onto Terraza Blvd NE (0.5 mi) >> Turn right onto Valle Alto Dr NE (0.3 mi) >> Turn right onto Palo Alto Dr NE >> Destination will be on the left (354 ft) >> 502 Palo Alto Dr NE Rio Rancho, NM 87124

Price Information

Listing Price Info

Price Summary:

  • List Price: $467,499
  • Price Per SqFt: $179/SqFt

HOA Fees:

  • Amount: $800
  • Frequency: Annually

Tax Information:

  • Annual Amount: $3,241
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rio Rancho, NM.

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Rio Rancho, NM

City

Med. Sold Price

$352.1K

Med. Price/SqFt

$202

Avg. Days On Market

37

# of Sold Homes

136

502 Palo Alto Dr NE vs Rio Rancho

13 DAYS ON ROCKET

-24 Days

$467,499

+$115.3K More

$179/SqFt

-$24 Less

KEY TAKEAWAY

This property is $115.3K more than the Median Sold Price and $24/SqFt less than other homes in Rio Rancho, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1061005

Listing Office:

  • Office Name: Realty One of New Mexico
  • Office Phone: (505) 883-9400
  • Listing Agent: Terri A Capone-Compton

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 2:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,241$87,770
2019$3,112$82,732
2018$3,163$89,424
2017$3,033$86,820

History based on county public records data.

Payment Calculator

$2,467

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,468

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5382320
7
/10

  • Ernest Stapleton Elementary School

  • 3100 8th Ave NE

  • 0.88 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5382321
6
/10

  • Eagle Ridge Middle School

  • 800 Fruta Rd NE

  • 1.20 miles

  • Public District Grades 6-8

High School

school-card-donut-5382322
8
/10

  • Rio Rancho High School

  • 500 Laser Rd NE

  • 1.57 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,985. Residents of Rio Rancho, NM typically earn between $35k-100k each year. The most common type of family is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Palo Alto Dr NE

What is the listing price of this property?

The listing price of 502 Palo Alto Dr NE property is $467,499.

What type of property is this?

The property 502 Palo Alto Dr NE is a house located in Rio Rancho, New Mexico, 87124.

Is this property for sale now?

Active Listing: 502 Palo Alto Dr NE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 Palo Alto Dr NE are:
Ernest Stapleton Elementary School: GreatSchools Rating 7/10
Eagle Ridge Middle School: GreatSchools Rating 6/10
Rio Rancho High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,241 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 502 Palo Alto Dr NE has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 Palo Alto Dr NE is 2,611 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Palo Alto Dr NE is 2012.

Rocket Homes›New Mexico›Sandoval County›Rio Rancho›87124›502 Palo Alto Dr NE

This home is located at 502 Palo Alto Dr NE in Rio Rancho, NM and zip code 87124 in the Loma Colorado neighborhood. This 2,611 square foot home, which was built in 2012, sits on a 0.17 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $467,499.

While more than 38 listings in Rio Rancho, NM in April 2024 were sold above asking price, there were more than 46 listings sold at asking price, and more than 52 were sold below. Between March 2024 and April 2024, Rio Rancho, NM real estate market has seen decrease in the number of listings by 7.4%. The median list price of listings available in April 2024 was $352,183, while the average time on the real estate market was 37 days.

From Rocket Homes Real Estate and based on county public records data.

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