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3308 Esplanade Cir SE, Rio Rancho, NM, 87124

2beds
2baths
1,554sqft
$285,000
$183price/sqft
$1,865/moest. monthly cost
$74,600/yrincome needed

About This Home

Welcome to this spacious 2 bedroom/2-bathroom townhome in The Esplanade 55+ community! A lovely, gated courtyard greets you as you enter the home, perfect for enjoying those beautiful New Mexico days. Inside you will find a large living space with lots of natural light. The washer/dryer, stove, refrigerator, and dishwasher are approximately 1 year old. Freestanding microwave can convey with the sale. The primary bedroom is large and has 2 separate closets along with access to the enclosed back porch/sunroom, perfect for enjoying coffee or tea in the early morning or a glass of wine in the evening. Lots of storage space throughout the home for all your things! The exterior/grounds are maintained by the HOA so your time is free for fun stuff! Located close to lots of shopping, restaurants.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

5/10
7/10
Rio Rancho Middle SchoolGrades 6-82.8 mi
7/10
Rio Rancho High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1979

Materials

  • Roof: Flat
  • Construction materials: Stucco

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Free-Standing Electric Range,Refrigerator,Range Hood,Washer
  • Laundry features: Electric Dryer Hookup

Bedroom2

  • Level: Main
  • Area: 1656

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 117390

Features

  • Ceiling Fan(s),Main Level Primary,Skylights
  • Window features: Vinyl,Skylight(s)
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 1,554
  • Total interior livable area: 1,554 sqft

Kitchen

  • Level: Main
  • Area: 192

Living Room

  • Level: Main
  • Area: 32470

Primary Bedroom

  • Level: Main
  • Area: 2158

Property

Details

  • Parcel number: 1013068044463
  • Attached to another structure: Yes
  • Zoning description: R-3

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Glass Enclosed,Patio
  • Exterior features: Courtyard

Lot

  • Lot size: 3,049 sqft
  • Features: Lawn

Parking

  • Total spaces: 2
  • Parking features: Attached,Finished Garage,Garage,Garage Door Opener,Storage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Winter Weather

FEMA Declared Disasters in Sandoval County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,441$17,292
Home Insurance *$120$1,440
Property Taxes $156$1,872
Electricity $148$1,780
Total$1,865$22,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,942/yr
40% on housing$55,950/yr
45% on housing$49,733/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$183This listing

vs Other Active Listings

Avg $/sqft

ZIP 87124$191
Sandoval County$216

vs Homes Sold Last Month

Median $/sqft

ZIP 87124
Sandoval County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-30Listed for sale$285,000
2023-04-11Sold--
2023-02-24Pending sale$275,000
2023-02-02Price change$275,000
2022-12-08Listed for sale$285,000
2020-10-07Sold--
2020-10-06Pending sale$195,000
2020-10-06Listed for sale$195,000

For Sale by Agent

AgentMarian Martinelli
BrokerageQ Realty

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