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8531 Rio Grande Blvd NW, Los Ranchos De Albuquerque, NM, 87114

--beds
--baths
0sqft
$799,000
--price/sqft
$4,878/moest. monthly cost
$195,120/yrincome needed

About This Home

OWNER FINANCING AVAILABLE! Rare Los Ranchos opportunity on Rio Grande! 2.7 acres with mountain views, MRGCD surface irrigation rights with 2 irrigation gates to property. Lush, Green & Ready to for your vision. Enjoy direct access to the Bosque trails & nearby ditch trails--ideal for hiking, fishing, biking & horseback riding. This is your chance to create an extraordinary living experience at 8531 Rio Grande NW. Buyer to complete its own due diligence regarding the property and utilities.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

6/10
3/10
Taylor Middle SchoolGrades 6-80.6 mi
4/10
Valley High SchoolGrades 9-124.1 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Unimproved Land,Farm

Interior

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 101406431027410102
  • Zoning description: A-1

Features

  • Topography of land: Level
  • Horses can be raised: Yes

Lot

  • Lot size: 2.70 Acres

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Earthquake
Hail
Lightning

FEMA Declared Disasters in Bernalillo 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 $4,040$48,480
Home Insurance *$125$1,500
Property Taxes $565$6,780
Electricity $148$1,780
Total$4,878$58,536
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$167,245/yr
40% on housing$146,340/yr
45% on housing$130,080/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 87114$188
Bernalillo County$197

vs Homes Sold Last Month

Median $/sqft

ZIP 87114
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-04Price change$848,000
2026-03-24Price change$935,000
2026-02-17Listed for sale$985,000

For Sale by Agent

AgentAlex C Argueta
BrokerageRealty One of New Mexico

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