Don't miss this charming home that sits on a 1/2 acre lot. A spacious floor plan offers 2 bedrooms and 1 Full bathroom. Updates include mini-split system cooling/heating wall unit in the master bedroom, newer leased water softener and osmosis units, Leased solar panels, laminate flooring. Enjoy the open kitchen with lots of cabinets and counter space and breakfast nook. The living area is light and bright and offers plenty of seating. The backyard is large and inviting and ready for entertaining. There is an additional structure in back perfect for storage or flex space. This property is perfect if you like space but with all the conveniences.
Sold on 12/27/24
Price Unknown
40 1st St NE, Rio Rancho, NM 87124
2beds
930sqft
Single Family Residence
Built in 2002
0.5 Acres Lot
$249,900 Zestimate®
$--/sqft
$1,738 Estimated rent
Home value
$249,900
$225,000 - $277,000
$1,738/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 22, 2025 at 11:17am
Listed by:
Faithe Real Estate Group 505-401-0721,
Keller Williams Realty
Bought with:
Alexa Kurilko Burton, REC20250623
Mossy Oak Prop. Enchanted Land
Source: SWMLS,MLS#: 1073396
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
- Area: 137.16
- Dimensions: 12.7 x 10.8
Kitchen
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Living room
- Level: Main
- Area: 193.75
- Dimensions: 15.5 x 12.5
Heating
- Central, Forced Air, Multiple Heating Units
Cooling
- Ductless, Refrigerated
Appliances
- Included: Built-In Gas Oven, Built-In Gas Range, Dishwasher, Microwave
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Features
- Flooring: Laminate
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 930
- Total interior livable area: 930 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Fence, Private Yard
- Fencing: Back Yard
Lot
- Size: 0.50 Acres
Details
- Additional structures: Workshop
- Parcel number: R122959
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Pitched,Shingle
Condition
- Resale
- New construction: No
- Year built: 2002
Details
- Builder name: Wallen
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Available, Water Connected
Green energy
- Energy generation: Solar
Community & neighborhood
Location
- Region: Rio Rancho
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 12/27/2024 | Sold | -- |
Source:  SWMLS #1073396 | ||
| 11/17/2024 | Pending sale | $255,000$274/sqft |
Source: SWMLS #1073396 | ||
| 11/2/2024 | Listed for sale | $255,000+94.7%$274/sqft |
Source: SWMLS #1073396 | ||
| 5/4/2020 | Sold | -- |
Source: SWMLS #219009_965438 | ||
| 4/3/2020 | Pending sale | $131,000$141/sqft |
Source: Realty One of New Mexico #965438 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,225 +54.9% | $92,411 +60% |
| 2024 | $2,082 +2.6% | $57,758 +3% |
| 2023 | $2,028 +1.9% | $56,075 +3% |
Find assessor info on the county website
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Puesta Del Sol Elementary SchoolGrades: K-5Distance: 1.5 mi
- 7/10Eagle Ridge Middle SchoolGrades: 6-8Distance: 3.1 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 3.7 mi
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Estimated market value
$249,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$249,900