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2101 Cheetah Rd NE, Rio Rancho, NM, 87124

4beds
3baths
2,421sqft
$675,000
$279price/sqft
$4,076/moest. monthly cost
$163,040/yrincome needed

About This Home

3-2-1 buydown available with preferred lender (qualification required). Fellowship introduces their newest build, set on a wide footprint 1/2 acre lot in the heart of Rio Rancho. This stunning floor plan offers 4 bedrooms + flex space, 2.5 bathrooms, and a finished 3-car garage w/ backyard access. Elevated finishes include solid-surface countertops, solid wood cabinetry, LVP flooring, and refined designer touches throughout. Tall ceilings and an open, light-filled layout create a sophisticated yet welcoming atmosphere that opens to a stunning covered patio. 3 bedrooms and a full bath located on one side provides ideal separation, while the private primary suite features a spa-inspired bath, dual sinks, a spacious shower, and a large closet with direct laundry access. No HOA or PID.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

7/10
7/10
Rio Rancho High SchoolGrades 9-121.6 mi

Construction

Condition

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

Materials

  • Foundation: Slab
  • Roof: Flat
  • Construction materials: Frame

Other

  • Builder name: Fellowship Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Convection Oven,Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Range Hood
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Dual Sinks,Kitchen Island,Main Level Primary,Pantry,Shower Only,Separate Shower,Walk-In Closet(s)
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,421
  • Total interior livable area: 2,421 sqft

Kitchen

  • Level: Main
  • Area: 154.53

Living Room

  • Level: Main
  • Area: 309.12

Primary Bedroom

  • Level: Main
  • Area: 184.98

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1011070421380
  • Zoning description: R-1

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio
  • Exterior features: Private Yard
  • Fencing: Wall

Lot

  • Lot size: 0.53 Acres
  • Features: Landscaped

Parking

  • Total spaces: 3
  • Parking features: Attached,Finished Garage,Garage,Garage Door Opener
  • 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
    LightningModerate

How This Home’s Risks Compare

Lightning

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 $3,413$40,956
Home Insurance *$120$1,440
Property Taxes $371$4,452
Electricity $172$2,065
Total$4,076$48,912
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,748/yr
40% on housing$122,280/yr
45% on housing$108,693/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

$279This 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
2026-04-22Price change$699,000
2026-02-28Listed for sale$725,000
2026-02-25Pending sale$725,000
2026-01-30Listed for sale$725,000
2023-05-17Sold--
2023-02-20Pending sale$50,000
2022-12-02Listed for sale$50,000

New Construction

AgentJordan Kyle O'Bryan
BrokerageReal Broker, LLC

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