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140 Palacio Rd, Corrales, NM, 87048

$1,250,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,563 SqFt
$351/SqFt
House

Location

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140 Palacio Rd, Corrales$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Finished Garage, Garage, Garage Door Opener, Oversized, Storage
Attached Garage3 spaces
Year Built1989
HeatingOther, Multi Unit(s), Natural Gas
CoolingMulti Unit(s), Central Air
FireplaceKiva, Log Lighter, Wood Burning Stove
Private PoolYes
MLS #1071325
Lot Size0.86 Acres
StatusActive

About 140 Palacio Rd

Nestled in the heart of Corrales, this stunning NM-style adobe home at 140 Palacio offers timeless charm and modern elegance. Featuring authentic wood beams and classic adobe construction, this property captures the essence of Southwestern living. Enjoy breathtaking, unobstructed views of the Sandia Mountains, the Rio Grande Bosque, and the city lights, all from your private oasis. Expansive windows bathe the interior in natural light, connecting you to the outdoors. Perfect for those seeking tranquility and beauty, this home combines traditional architecture with unparalleled scenery.

Property Details

Property Features

Property Information:

  • Architectural Style: Northern New Mexico
  • Year Built: 1989
  • Living Area: 3,563 SqFt

Listing Office:

  • Office Name: Casa Montoya Realty
  • Office Phone: (505) 681-3125
  • Listing Agent: Mario Eleazar Montoya

Interior Features

Interior Information:

  • Appliances: Electric Range, Double Oven, Dishwasher
  • Basement: No
  • Flooring Type: Brick, Carpet, Tile
  • Interior: Beamed Ceilings, Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Great Room, In-Law Floorplan, Jetted Tub, Kitchen Island, Multiple Living Areas, Main Level Primary, Pantry, Sitting Area in Master, Skylights, Walk-In Closet(s)
  • Fireplace: Kiva, Log Lighter, Wood Burning Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Courtyard, Fully Fenced, Private Yard, Water Feature, Private Entrance

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached, Finished Garage, Garage, Garage Door Opener, Oversized, Storage

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Landscaped, Views
  • Lot Size: 0.86 Acres

Utilities

Utilities Information:

  • Heating: Other, Multi Unit(s), Natural Gas
  • Cooling: Multi Unit(s), Central Air

Other

Directions Information:

  • Directions: From Coors and Alameda, west on alameda, right on Ellison, Ellison turns into Loma Larga, left on Ashley, turn right on Palacio, property is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $351/SqFt

Tax Information:

  • Annual Amount: $4,662
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Corrales, NM.

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Corrales, NM

City

Med. Sold Price

$689K

Med. Price/SqFt

$288

Avg. Days On Market

43

# of Sold Homes

10

140 Palacio Rd vs Corrales

55 DAYS ON ROCKET

+12 Days

$1,250,000

+$561K More

$351/SqFt

+$63 More

KEY TAKEAWAY

This property is $561K more than the Median Sold Price and $63/SqFt more than other homes in Corrales, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1071325

Listing Office:

  • Office Name: Casa Montoya Realty
  • Office Phone: (505) 681-3125
  • Listing Agent: Mario Eleazar Montoya

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: 11/21/2024, 7:20:47 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$4,662$143,723
2019$4,188$135,473
2018$4,031$131,527
2017$3,695$127,696

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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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.

Nearby Schools

school-card-donut-223841
5
/10

  • Seven Bar Elementary School

  • 4501 Seven Bar Loop Rd NW

  • 1.38 miles

  • Public District Grades KG-5

school-card-donut-223842
7
/10

  • Martin Luther King Jr. Elementary School

  • 1301 Nicklaus Dr SE

  • 2.02 miles

  • Public District Grades KG-5

school-card-donut-223843
6
/10

  • Rio Rancho Elementary School

  • 4601 Pepe Ortiz Rd SE

  • 2.12 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $105,451. The most common annual income of people living in Corrales, NM is between $35k-100k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Corrales, NM

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Corrales, NM?

The housing landscape in Corrales is characterized by a predominance of single-family homes, which make up a significant portion of the market. These homes often feature Southwestern and Pueblo-style architecture, reflecting the region's cultural heritage. The area also offers a selection of townhouses and a limited number of apartments, providing options for various living preferences. The majority of the homes were built between the 1970s and the 1990s, with a homeownership rate that is high, indicating a stable residential community.

Is Corrales, NM a good place to live?

Corrales maintains a rural charm and a strong sense of community, celebrated for its agricultural roots and open spaces. The village prides itself on its local art scene, with numerous galleries and studios dotting the area. Seasonal events, such as the Corrales Harvest Festival, embody the community's connection to its agrarian history and foster a sense of togetherness among residents.

Are things conveniently located in Corrales, NM?

Residents of Corrales have access to a range of essential services. The community is served by a number of public schools, providing educational opportunities from elementary through high school levels. Healthcare services are available in nearby cities, offering comprehensive care including urgent and primary care. The village also features a public library, and local retail and dining establishments reflect the unique culture of the area, with a focus on locally-sourced products and traditional New Mexican cuisine.

What does the transportation in Corrales, NM look like?

Transportation in Corrales is primarily oriented towards private vehicles, with well-maintained roads connecting residents to nearby cities and amenities. Public transit options are available, with services connecting to the larger metropolitan area. The village's layout and scenic trails also encourage walking and biking, with certain areas being particularly pedestrian-friendly. While ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.

Frequently Asked Questions About 140 Palacio Rd

What is the listing price of this property?

The listing price of 140 Palacio Rd property is $1,250,000.

What type of property is this?

The property 140 Palacio Rd is a house located in Corrales, New Mexico, 87048.

Is this property for sale now?

Active Listing: 140 Palacio Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,662 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 140 Palacio Rd has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 140 Palacio Rd is 3,563 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 140 Palacio Rd is 1989.

Rocket Homes›New Mexico›Sandoval County›Corrales›87048›140 Palacio Rd

This home is located at 140 Palacio Rd in Corrales, NM and zip code 87048. This 3,563 square foot home, which was built in 1989, sits on a 0.86 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,250,000.

Corrales, NM housing market in October 2024 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 6 sold below. The number of homes for sale in Corrales, NM decreased by 3.3% between September 2024 and October 2024. In October 2024, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $689,000.

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

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