This property beckons with 7.8 acres of rural serenity along Rio Grande Boulevard in Los Ranchos de Albuquerque. Despite its idyllic countryside setting, surrounded by farms and equestrian facilities, the property offers seamless access to the City of Albuquerque and Rio Rancho. Boasting 302' of frontage on Rio Grande Blvd, it extends west to the Paseo del Bosque Trail and the Rio Grande River. With an existing, uninhabitable dwelling and storage building, the site presents a golden opportunity for redevelopment. Envision a grand single-family estate or multiple unique north valley homes, blending tranquility with proximity to urban amenities. This is your chance to create an extraordinary living experience at 7601 Rio Grande NW.
Property Details
Property Features
Listing Office:
Office Name: Johnson Commercial Real Estate
Office Phone: (505) 831-3333
Listing Agent: Derek O Mitchell
Lot Features
Lot Information:
Lot Size: 7.80 Acres
Other
Directions Information:
Directions: From Montano Rd NE, turn north and it is on the west side of the road
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Tax Information:
Annual Amount: $6,183
Tax Year: 2020
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 Los Ranchos de Albuquerque, NM.
7601 Rio Grande Blvd NW vs Los Ranchos de Albuquerque
138 DAYS ON ROCKET
+105 Days
$2,995,000
+$2.0M More
KEY TAKEAWAY
This property is $2.0M more than the Median Sold Price in Los Ranchos de Albuquerque, NM.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1068036
Listing Office:
Office Name: Johnson Commercial Real Estate
Office Phone: (505) 831-3333
Listing Agent: Derek O Mitchell
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.
$15K
Per Month
Principal & Interest
$14.9K
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)
$0
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
$9,046
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Los Ranchos Elementary School
7609 4th St NW
Distance between this listing and this school0.78 miles
Public District Grades PK-5
6
/10
Alvarado Elementary School
1100 Solar Rd NW
Distance between this listing and this school1.38 miles
Public District Grades PK-5
6
/10
Petroglyph Elementary School
5100 Marna Lynn Ave NW
Distance between this listing and this school2.00 miles
Public District Grades PK-5
Nearby Schools
5
/10
Taylor Middle School
8200 Guadalupe Trl NW
Distance between this listing and this school0.82 miles
Public District Grades 6-8
6
/10
North Valley Academy
7939 4th St NW
Distance between this listing and this school0.90 miles
Public Charter Grades PK-8
4
/10
Taft Middle School
620 Schulte Rd NW
Distance between this listing and this school1.18 miles
Public District Grades 6-8
Nearby Schools
6
/10
Cibola High School
1510 Ellison Dr NW
Distance between this listing and this school2.43 miles
Public District Grades 9-12
4
/10
Valley High School
1505 Candelaria Rd NW
Distance between this listing and this school3.25 miles
Public District Grades 9-12
8
/10
Cottonwood Classical Preparatory
7801 Jefferson St NE
Distance between this listing and this school3.31 miles
The neighbors living near this home have an average income of $96,959. The most common annual income of people living in Los Ranchos de Albuquerque, NM is between $35k-100k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7601 Rio Grande Blvd NW
What is the listing price of this property?
The listing price of 7601 Rio Grande Blvd NW property is $2,995,000.
What type of property is this?
The property 7601 Rio Grande Blvd NW is land located in Los Ranchos, New Mexico, 87107.
Is this property for sale now?
Active Listing: 7601 Rio Grande Blvd NW 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 2020 is $6,183 (source: MLS/based on county public records data).
How much acreage is this property?
The property 7601 Rio Grande Blvd NW is 7.80 acres.
Interested in 7601 Rio Grande Blvd NW? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7601 Rio Grande Blvd NW in Los Ranchos, NM and zip code 87107 in the Northwest Albuquerque neighborhood. This home sits on a 7.80 acre lot. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $2,995,000.
Over 0 listings were sold over their listed price in November 2024 in Los Ranchos de Albuquerque, NM. In the same period over 5 listings were sold below the listed price and 2 listings were sold for the listed price. Between October 2024 and November 2024, Los Ranchos de Albuquerque, NM real estate market has seen decrease in the number of listings by 18.8%. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $913,500.
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. 
Skiing/snowboarding
Skiing/snowboarding
Men's Tennis
PGA/LPGA
Nordstrom
Bloomingdales
Chico's
California Pizza Kitchen
Bonefish Grill
Chipotle
BMW
Lexus
Cadillac
Talk/Personality
News
Classical