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505 12th Ave SE, Rio Rancho, NM, 87124

5beds
4baths
3,411sqft
$788,888
$231price/sqft
$4,784/moest. monthly cost
$191,360/yrincome needed

About This Home

CASITA IS ATTACHED to This new build is designed to impress from the moment you walk through the courtyard. Spacious open floor plan, it's the perfect space for both everyday living and unforgettable entertaining. Heart of the home is the gourmet kitchen, complete with a stylish backsplash, a center island, room to prepare a feast for the upcoming holidays. Whether you're hosting dinner parties or enjoying quiet nights in, this space delivers both beauty and function. Need space for extended family, guests, or grown child with a casita offers incredible flexibility and comfort.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

7/10
7/10
Rio Rancho High SchoolGrades 9-123.8 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Flat,Tile
  • Construction materials: Stucco

Other

  • Builder name: South West Elegant Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Ceiling Fan(s),Home Office,Kitchen Island,Main Level Primary,Pantry,Tub Shower,Walk-In Closet(s)
  • Window features: Vinyl
  • Flooring: Tile
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 3,411
  • Total interior livable area: 3,411 sqft

Kitchen

  • Level: Main
  • Area: 600

Living Room

  • Level: Main
  • Area: 400

Primary Bedroom

  • Level: Main
  • Area: 336

Property

Details

  • Parcel number: 1009068511187
  • Zoning description: R-1

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Private Yard,Private Entrance

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached,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

No climate risk data available.

How This Home’s Risks Compare

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 $3,989$47,868
Home Insurance *$120$1,440
Property Taxes $433$5,196
Electricity $242$2,910
Total$4,784$57,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,022/yr
40% on housing$143,520/yr
45% on housing$127,573/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

$231This listing

vs Other Active Listings

Avg $/sqft

ZIP 87124$189
Sandoval County$215

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
2026-04-23Price change$799,888
2026-03-07Price change$799,900
2026-02-26Listed for sale$779,900
2025-03-29Listing removed$59,000
2024-08-24Listed for sale$59,000
2024-08-14Listing removed--
2024-06-29Listed for sale$59,000
2023-05-04Sold--
2023-04-09Pending sale$17,500
2023-04-09Listed for sale$17,500

New Construction

AgentBeatriz Hernandez
BrokerageBright House Real Estate LLC

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