6 months on rocket

652 Vancouver Rd SE, Rio Rancho, NM, 87124

$612,500

Home List Price

$7,273*

Closing Credit

2 Bedrooms
1 Bath
2,700 SqFt
$227/SqFt
Multi
Schools Nearby

Location

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652 Vancouver Rd SE, Rio Rancho$612,500

Buyer Closing Credits

$7,273*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1997
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1043244
Lot Size0.34 Acres
StatusActive

About 652 Vancouver Rd SE

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.

Property Details

Property Features

Property Information:

  • Year Built: 1997
  • Stories: 1
  • Living Area: 2,700 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: From Unser and Southern, West on Southern to Rainbow, north to Tulip and east to property (faces Tulip, address is on Vancouver)

Price Information

Listing Price Info

Price Summary:

  • List Price: $612,500
  • Price Per SqFt: $227/SqFt

Tax Information:

  • Annual Amount: $2,399
  • 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

652 Vancouver Rd SE vs Rio Rancho

203 DAYS ON ROCKET

+166 Days

$612,500

+$260.3K More

$227/SqFt

+$24 More

KEY TAKEAWAY

This property is $260.3K more than the Median Sold Price and $24/SqFt more 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: #1043244

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

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: 5/7/2024, 4:20:31 AM 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$2,399$64,981
2019$2,145$57,015
2018$1,958$55,355
2017$1,877$53,742

History based on county public records data.

Payment Calculator

$3,124

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,903

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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-7293757
5
/10

  • Puesta Del Sol Elementary School

  • 450 Southern Blvd SE

  • 0.67 miles

  • Public District Grades KG-5

Middle School

school-card-donut-7293758
6
/10

  • Eagle Ridge Middle School

  • 800 Fruta Rd NE

  • 3.45 miles

  • Public District Grades 6-8

High School

school-card-donut-7293759
8
/10

  • Rio Rancho High School

  • 500 Laser Rd NE

  • 5.86 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 $45,216. Most Rio Rancho, NM residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Sandoval County›Rio Rancho›87124›652 Vancouver Rd SE

This home is located at 652 Vancouver Rd SE in Rio Rancho, NM and zip code 87124. This 2,700 square foot home, which was built in 1997, sits on a 0.34 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 16, 2023 and is currently priced at $612,500.

Over 38 listings were sold over their listed price in April 2024 in Rio Rancho, NM. In the same period over 52 listings were sold below the listed price and 46 listings were sold for the listed price. In April 2024 in Rio Rancho, NM there were 7.4% less homes for sale than in March 2024. While the average time on the market in April 2024 was 37 days, the median list price was $352,183.

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

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