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4720 Opal Dr NE, Rio Rancho, NM, 87124

2beds
1baths
806sqft
$245,000
$304price/sqft
$1,640/moest. monthly cost
$65,600/yrincome needed

About This Home

Welcome to this charming 2-bedroom, 1-bath home located in the heart of Rio Rancho. This well-maintained property offers a spacious living area and plenty of natural light throughout. The kitchen provides ample cabinet and counter space, making meal prep and entertaining easy. Both bedrooms are generously sized with great closet space. Conveniently located near schools, parks, shopping, restaurants, and easy freeway access. Whether you are a first-time home buyer, downsizing, or looking for an investment opportunity, this home is full of potential and ready for its next owner. Home is tenant occupied until March 2027

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

7/10
Rio Rancho Middle SchoolGrades 6-81.8 mi
7/10
Rio Rancho High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1986

Materials

  • Roof: Pitched
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Main Level Primary
  • Window features: Thermal Windows
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Evaporative Cooling

Interior Area

  • Total structure area: 806
  • Total interior livable area: 806 sqft

Kitchen

  • Level: Main
  • Area: 167.58

Living Room

  • Level: Main
  • Area: 187.5

Primary Bedroom

  • Level: Main
  • Area: 163.8

Property

Accessibility

  • Accessibility features: Wheelchair Access

Details

  • Parcel number: 1014069358495
  • Zoning description: R-1A*

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None

Lot

  • Lot size: 6,534 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Winter Weather
Earthquake
Hail
Heat Wave
Strong Wind

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 $1,238$14,856
Home Insurance *$120$1,440
Property Taxes $134$1,608
Electricity $148$1,780
Total$1,640$19,680
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,228/yr
40% on housing$49,200/yr
45% on housing$43,733/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

$304This 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
2026-05-23Listed for sale$245,000

For Sale by Agent

AgentFaithe Real Estate Group
BrokerageKeller Williams Realty

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