new - 6 days on rocket

Sale Pending

540 El Rey Dr, Corrales, NM, 87048

$599,900

Home List Price

$7,124*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
4,400 SqFt
$136/SqFt
House

Location

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540 El Rey Dr, Corrales$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached Garage2 spaces
Year Built2000
HeatingRadiant
CoolingEvaporative Cooling, Heat Pump
FireplaceFree Standing, Kiva
Private PoolYes
MLS #1075687
Lot Size1.24 Acres
StatusSale Pending
(Pending)

About 540 El Rey Dr

Amazing Views!!! Spacious 4 bedroom 4 bath home on 1.24 acres in Corrales. Home has a pool, jacuzzi, vineyard barn/studio and much more! Spacious country style kitchen. Lots of windows. Kiva fireplace. High vigas on ceilings. Flooring consists of tile. One of the downstairs bathroom is handicap accessible. 2 car garage. Must see to appreciate.

Property Details

Property Features

Property Information:

  • Architectural Style: Pueblo
  • Year Built: 2000
  • Stories: 2
  • Living Area: 4,400 SqFt

Listing Office:

  • Office Name: Asset Solutions Realty
  • Office Phone: (505) 896-3694
  • Listing Agent: Jesus Esparza

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Carpet, Tile
  • Interior: Main Level Primary, Multiple Primary Suites
  • Fireplace: Free Standing, Kiva

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Fence

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 1.24 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Evaporative Cooling, Heat Pump

Other

Directions Information:

  • Directions: Take NM-528 N/Alameda Blvd NW to El Rey Dr in Corrales. Merge onto NM-47 N/2nd St NW. Use the left 2 lanes to turn left onto NM-528 N/Alameda Blvd NW. Turn right onto Ellison Dr NW. Continue onto Loma Larga Rd. Turn left onto El Rey Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
  • Price Per SqFt: $136/SqFt
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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

$677.5K

Med. Price/SqFt

$291

Avg. Days On Market

51

# of Sold Homes

18

540 El Rey Dr vs Corrales

6 DAYS ON ROCKET

-45 Days

$599,900

-$77.6K Less

$136/SqFt

-$155 Less

KEY TAKEAWAY

This property is $77.6K less than the Median Sold Price and $155/SqFt less than other homes in Corrales, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1075687

Listing Office:

  • Office Name: Asset Solutions Realty
  • Office Phone: (505) 896-3694
  • Listing Agent: Jesus Esparza

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 © 2025 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: 1/2/2025, 10:20:49 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 - $93,285
2019 - $87,930
2018 - $85,369
2017 - $82,883

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-77129
5
/10

  • Seven Bar Elementary School

  • 4501 Seven Bar Loop Rd NW

  • 1.44 miles

  • Public District Grades KG-5

school-card-donut-77130
7
/10

  • Martin Luther King Jr. Elementary School

  • 1301 Nicklaus Dr SE

  • 1.96 miles

  • Public District Grades KG-5

school-card-donut-77131
6
/10

  • Rio Rancho Elementary School

  • 4601 Pepe Ortiz Rd SE

  • 2.04 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. Residents of Corrales, NM typically earn between $35k-100k each year. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

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.

Types of housing 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.

What is it like to live in Corrales, NM?

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.

Is it easy to get around Corrales, NM without a car?

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.

Transportation in Corrales, NM.

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 540 El Rey Dr

What is the listing price of this property?

The listing price of 540 El Rey Dr property is $599,900.

What type of property is this?

The property 540 El Rey Dr is a house located in Corrales, New Mexico, 87048.

Is this property for sale now?

Sale Pending: 540 El Rey Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

How many bedrooms and bathrooms does this property have?

The property at 540 El Rey Dr has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 540 El Rey Dr is 4,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 El Rey Dr is 2000.

Rocket Homes›New Mexico›Sandoval County›Corrales›87048›540 El Rey Dr

This home is located at 540 El Rey Dr in Corrales, NM and zip code 87048. This 4,400 square foot home, which was built in 2000, sits on a 1.24 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $599,900.

Corrales, NM housing market in December 2024 saw over 1 listings sold above listed price, more than 8 sold at listed price and over 9 sold below. The number of listings in Corrales, NM decreased by 19.7% between November 2024 and December 2024. In December 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $677,500.

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

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