493 Chippewa Dr SW, Rio Rancho, NM, 87124
About This Home
CHARMING single-story home with major updates + massive permitted workshop! Roof, water heater & cooler replaced and plumbing redone with PEX around 2018. Windows replaced and carpet installed in 2022. Also, enjoy the benefits of a 200-amp panel upgrade and recently installed refrigerator & dishwasher. Home includes a bright open living area, cozy bedrooms, and a kitchen offering white cabinets, black counters, stainless appliances, and laundry space. Sliding doors lead to the spacious yard with RV parking and privacy fencing. A standout feature is the huge 30x30 city-permitted workshop with full electricity and high ceilings--perfect for vehicles, tools, or hobbies. Move-in ready! Call today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1986
Materials
- Roof: Pitched,Shingle
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Free-Standing Gas Range,Refrigerator
- Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s),Main Level Primary
- Window features: Sliding
- Flooring: Carpet,Tile
Heating & Cooling
- Heating features: Central,Forced Air
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 813
- Total interior livable area: 813 sqft
Kitchen
- Level: Main
- Area: 100
Living Room
- Level: Main
- Area: 100
Primary Bedroom
- Level: Main
- Area: 100
Property
Details
- Parcel number: 1008069452007
- Zoning description: R-1
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard
- Fencing: Wall
Lot
- Lot size: 10,454 sqft
- Features: Few Trees
Parking
- Total spaces: 3
- Parking features: Attached,Detached,Garage,Oversized
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- Hail
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Sandoval County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,618 | $19,416 |
| Home Insurance * | $120 | $1,440 |
| Property Taxes | $176 | $2,112 |
| Electricity | $148 | $1,780 |
| Total | $2,062 | $24,744 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Pending sale | $280,000 |
| 2026-08-10 | Price change | $280,000 |
| 2026-07-31 | Listed for sale | $320,000 |
View on Zillow