Discover the potential of this half-acre lot in Rio Rancho Estates, ideal for building your dream home or making a solid investment. Located just behind two developed homes, this property is part of a growing community offering privacy and scenic surroundings. With electric poles just across the street, septic systems in the area, and water less than 1/4 mile away on Rainbow Blvd., utilities are conveniently accessible. This flat terrain, nestled in a peaceful setting, boasts breathtaking mountain and sunset views. Just minutes from major roads, Rainbow Pool, and other local amenities, it offers a perfect blend of tranquility and city convenience. Don't miss your chance to secure property in this rapidly growing area!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (505) 271-8200
Listing Agent: Casa Dream Team
Lot Features
Lot Information:
Lot: Cleared, Views
Lot Size: 0.50 Acres
Other
Directions Information:
Directions: Head North on Unser, turn left onto Southern Blvd. In approx. 3 miles, turn right onto Rainbow Blvd SE. Continue for about 2 miles, and property will be on the right. Maps list the property as 620 Rainbow Blvd NE.
Price Information
Listing Price Info
Price Summary:
List Price: $25,000
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Housing Market Comparison
See how this home compares to others in Rio Rancho, NM.
This property is $333.8K less than the Median Sold Price in Rio Rancho, NM.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1070934
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (505) 271-8200
Listing Agent: Casa Dream Team
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Colinas Del Norte Elementary School
1001 Night Sky Ave NE
Distance between this listing and this school2.18 miles
Public District Grades KG-5
5
/10
Puesta del Sol Elementary School
450 Southern Blvd SE
Distance between this listing and this school2.29 miles
Public District Grades KG-5
4
/10
Maggie Cordova Elementary School
1500 Veranda Rd SE
Distance between this listing and this school3.32 miles
Public District Grades KG-5
Nearby Schools
6
/10
Lincoln Middle School
2287 Lema Rd SE
Distance between this listing and this school3.07 miles
Public District Grades 6-8
6
/10
Eagle Ridge Middle School
800 Fruta Rd NE
Distance between this listing and this school3.13 miles
Public District Grades 6-8
9
/10
Rio Rancho Middle School
1600 Loma Colorado Blvd NE
Distance between this listing and this school4.60 miles
Public District Grades 6-8
Nearby Schools
8
/10
Rio Rancho High School
301 Loma Colorado Blvd NE
Distance between this listing and this school3.87 miles
Public District Grades 9-12
7
/10
The Ask Academy
4550 Sundt Rd NE
Distance between this listing and this school5.16 miles
Public Charter Grades 6-12
9
/10
Rio Rancho Cyber Academy
1330 Jackie Rd SE
Distance between this listing and this school5.18 miles
The neighbors living near this home have an average income of $67,926. The majority of Rio Rancho, NM residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Rio Rancho, 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 Rio Rancho, NM.
Rio Rancho offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles vary, with modern, pueblo-style, and ranch homes dotting the landscape. The housing market is dynamic, with new developments complementing established neighborhoods. While the majority of residents own their homes, there is also a substantial rental market to accommodate various preferences.
What is it like to live in Rio Rancho, NM?
Rio Rancho is known for its family-friendly atmosphere and community-oriented lifestyle. The city prides itself on its recreational parks, annual events, and a sense of tranquility that appeals to many of its residents. It's a place where community events and local sports bring residents together, reflecting the area's collective values and neighborly spirit.
Is it easy to get around Rio Rancho, NM without a car?
The city is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare services are readily available, with local clinics and a regional hospital providing comprehensive care. Rio Rancho also features a selection of retail and dining options that reflect the local Southwestern culture, with city initiatives in place to continually enhance these services.
Transportation in Rio Rancho, NM.
Transportation in Rio Rancho includes a network of major roads and highways that connect residents to nearby Albuquerque and other parts of New Mexico. Public transit options are available, with routes designed to serve key areas of the city. The community is also making strides in improving walkability in several neighborhoods, and while ride-sharing services are present, the area's layout tends to favor private vehicle use.
Frequently Asked Questions About 620 Rainbow Blvd NE
What is the listing price of this property?
The listing price of 620 Rainbow Blvd NE property is $25,000.
What type of property is this?
The property 620 Rainbow Blvd NE is land located in Rio Rancho, New Mexico, 87124.
Is this property for sale now?
Active Listing: 620 Rainbow Blvd NE is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 620 Rainbow Blvd NE in Rio Rancho, NM and zip code 87124. This home sits on a 0.50 acre lot. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $25,000.
In October 2024, from all listings sold in Rio Rancho, NM there were more than 23 sold above asking price, over 53 sold below and more than 43 were sold right at the asked price. The inventory of homes for sale in Rio Rancho, NM between September 2024 and October 2024 decreased by 9%. Listings spent 38 days on the market in October 2024, and had a median list price of $358,871 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. 
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