7 months on rocket

6626 Franklin Rd NE, Rio Rancho, NM, 87144

$40,000

0.66 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #1062100
Lot Size0.66 Acres
StatusActive

About 6626 Franklin Rd NE

New staked survey in documents. A residential build lot with views on .66 acre just across from the proposed Sports Complex and down the street from Elementary school. On the north side of Franklin NE across from Sandia Vista Elementary. This lot currently has no utilities other than the water and sewer stubbed at Franklin and Hamilton, but the opportunity is huge once the build out for the sports complex takes place. This is a great investment opportunity for an up and coming part of Rio Rancho. Seller will consider owner financing on these lots for 7.5% interest with 25% down.Lot side by side next door for sale too

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Legacy
  • Office Phone: (505) 292-8900
  • Listing Agent: Nichole M. Bronstorp

Lot Features

Lot Information:

  • Lot: Views, Gentle Sloping
  • Lot Size: 0.66 Acres

Other

Directions Information:

  • Directions: On Franklin In Rio Rancho

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
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Housing Market Comparison

See how this home compares to others in Rio Rancho, NM.

Med. Sold Price

$356.9K

Med. Price/SqFt

$206

Avg. Days On Market

40

# of Sold Homes

127

6626 Franklin Rd NE vs Rio Rancho

226 DAYS ON ROCKET

+186 Days

$40,000

-$316.9K Less

KEY TAKEAWAY

This property is $316.9K 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: #1062100

Listing Office:

  • Office Name: Coldwell Banker Legacy
  • Office Phone: (505) 292-8900
  • Listing Agent: Nichole M. Bronstorp

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: 12/18/2024, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-97135
8
/10
  • Sandia Vista Elementary School

  • 6800 Franklin Rd NE

  • 0.02 miles

  • Public District Grades KG-5

school-card-donut-97136
8
/10
  • Vista Grande Elementary School

  • 7001 Chayote Rd NE

  • 2.08 miles

  • Public District Grades KG-5

school-card-donut-97137
3
/10
  • Bernalillo Elementary School

  • 301 Calle Del Carbon

  • 2.39 miles

  • Public District Grades 3-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,129. The most common annual income of people living in Rio Rancho, NM is between $35k-100k. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6626 Franklin Rd NE

What is the listing price of this property?

The listing price of 6626 Franklin Rd NE property is $40,000.

What type of property is this?

The property 6626 Franklin Rd NE is land located in Rio Rancho, New Mexico, 87144.

Is this property for sale now?

Active Listing: 6626 Franklin Rd NE is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 6626 Franklin Rd NE is 0.66 acres.
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Rocket HomesNew MexicoSandoval CountyRio Rancho871446626 Franklin Rd NE

This home is located at 6626 Franklin Rd NE in Rio Rancho, NM and zip code 87144 in the Lomas Encantadas neighborhood. This home sits on a 0.66 acre lot. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $40,000.

In November 2024, from all listings sold in Rio Rancho, NM there were more than 19 sold above asking price, over 58 sold below and more than 50 were sold right at the asked price. The inventory of homes for sale in Rio Rancho, NM between October 2024 and November 2024 decreased by 16.4%. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $356,947.

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

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