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
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rio Rancho, NM.
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
The 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,467
Per Month
Principal & Interest
$2,334
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$66
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,468
Powered By
Advertisement
NMLS#3030
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
6
/10
Ernest Stapleton Elementary School
3100 8th Ave NE
Distance between this listing and this school0.88 miles
Public District Grades KG-5
Middle School
6
/10
Eagle Ridge Middle School
800 Fruta Rd NE
Distance between this listing and this school1.20 miles
Public District Grades 6-8
High School
8
/10
Rio Rancho High School
500 Laser Rd NE
Distance between this listing and this school1.57 miles
Public District Grades 9-12
Assigned Schools
6
/10
Ernest Stapleton Elementary School
3100 8th Ave NE
Distance between this listing and this school0.88 miles
Public District Grades KG-5
Nearby Schools
6
/10
Cielo Azul Elementary School
1550 34th Ave NE
Distance between this listing and this school1.35 miles
Public District Grades KG-5
6
/10
Rio Rancho Elementary School
4601 Pepe Ortiz Rd SE
Distance between this listing and this school1.49 miles
Public District Grades PK-5
Assigned Schools
6
/10
Eagle Ridge Middle School
800 Fruta Rd NE
Distance between this listing and this school1.20 miles
Public District Grades 6-8
Nearby Schools
9
/10
Rio Rancho Middle School
1600 Loma Colorado Blvd NE
Distance between this listing and this school1.19 miles
Public District Grades 6-8
8
/10
Mission Achievement and Success
620 Teresa Ct SE
Distance between this listing and this school1.39 miles
Public Charter Grades 6-8
Assigned Schools
8
/10
Rio Rancho High School
500 Laser Rd NE
Distance between this listing and this school1.57 miles
Public District Grades 9-12
Nearby Schools
2
/10
Independence High School
421 Quantum Rd NE
Distance between this listing and this school1.52 miles
Public District Grades 9-12
9
/10
Rio Rancho Cyber Academy
1330 Jackie Rd SE
Distance between this listing and this school1.93 miles
The neighbors living near this home have an average income of $77,985. Typical income of Rio Rancho, NM residents is between $35k-100k annually. Most families are married, with kids. Residents of this area typically have high school diploma education.
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?
Sale Pending: 502 Palo Alto Dr NE is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 502 Palo Alto Dr NE are: Ernest Stapleton Elementary School: GreatSchools Rating 6/10Eagle Ridge Middle School: GreatSchools Rating 6/10Rio 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.
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.
In April 2024, from all listings sold in Rio Rancho, NM there were more than 38 sold above asking price, over 52 sold below and more than 46 were sold right at the asked price. The number of listings in Rio Rancho, NM decreased by 7.4% between March 2024 and April 2024. Listings spent 37 days on the market in April 2024, and had a median list price of $352,183 during the same period.
From Rocket Homes Real Estate and based on county public records data.