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1645 16th Ave SE, Rio Rancho, NM, 87124

4beds
3baths
2,611sqft
$699,999
$268price/sqft
$4,228/moest. monthly cost
$169,120/yrincome needed

About This Home

Welcome to this custom-built home located in the growing community of Rio Rancho. Designed with comfort and functionality in mind, this property offers a bright and inviting living area, a practical kitchen, and well-sized bedrooms perfect for everyday living. Natural light fills the home, creating a warm and welcoming atmosphere throughout. Situated on a spacious lot, the outdoor space offers plenty of potential for entertaining, gardening, or creating your own private retreat. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers both comfort and accessibility.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Lincoln Middle SchoolGrades 6-82.1 mi
7/10
Rio Rancho High SchoolGrades 9-123.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2023

Materials

  • Roof: Metal
  • Construction materials: Frame,Stucco

Other

  • Builder name: Connected Constructions

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Gas Range,Dryer,Dishwasher,Disposal,Microwave,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

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

Features

  • Cathedral Ceiling(s),Dressing Area,Garden Tub/Roman Tub,Kitchen Island,Main Level Primary,Walk-In Closet(s)
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Tile
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 2,611
  • Total interior livable area: 2,611 sqft

Kitchen

  • Level: Main
  • Area: 0

Living Room

  • Level: Main
  • Area: 0

Primary Bedroom

  • Level: Main
  • Area: 0

Property

Details

  • Parcel number: 1011067154486
  • Zoning description: R-1

Features

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

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached,Finished Garage,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $3,539$42,468
Home Insurance *$120$1,440
Property Taxes $384$4,608
Electricity $185$2,227
Total$4,228$50,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,960/yr
40% on housing$126,840/yr
45% on housing$112,746/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

$268This 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
2026-04-29Price change$699,999
2026-03-05Listed for sale$739,000
2025-10-16Listing removed$739,000
2025-07-07Listed for sale$739,000

For Sale by Agent

AgentK2 Omni Group
BrokerageEXP Realty, LLC

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