Area Information

Rio Rancho is the third largest city in the state and growing. In 1961, the Amrep Corp. purchased 55,000 acres and named it Rio Rancho Estates. The city of Rio Rancho was incorporated from it in 1981 and now has a population nearing 100,000. You can access the official website below:

Rio Rancho: City Of Vision

The city center of Rio Rancho and this property are only about 15 minutes apart. Santa Fe, NM is around 50 minutes north of Rio Rancho and although the city of Rio Rancho sees itself as very separate from Albuquerque, NM they are only about 45 minutes apart.

Property Information

This 1.1 acre lot is just outside the city limits of Rio Rancho in unincorporated Rio Rancho Estates, Unit 9. The future master plan for the area anticipates most growth will be in Unit 9 since it is the unit closest to already developed areas.

Listing Type:
Price: UNDER CONTRACT
Closing costs: $195 cash/$295 terms
Payment options/terms:
Address: 1816 Gaspar Rd. SW
City: Rio Rancho Estates
State: NM
County: Sandoval
ZIP: 87124
Country: United States

APN#: R114957
Legal Description: RIO RANCHO ESTATES Block: 30 Lot: 2 Unit: 9
Options:
Size: 1.1 Acres
Dimensions:
Roads: Desert
Utilities: None
Taxes and Dues: $27 Estimated 2017
Terrain: Slightly Sloped
Zoning Info: RRA Rural Res. Ag.

Additional Features:

Growth is gradually spreading into Unit 9 along the major paved roads, like Southern Blvd., that have electric lines. Currently there are no utilities to this lot but electricity is close. There is also a county water supply station on Northern Blvd. near Encino Rd. where county residents can purchase and haul water conveniently.

The property has a slight slope to the back but don’t worry, the property is not in a flood zone but high and dry. It also has great access to Southern Blvd. which takes you right into Rio Rancho.

The lot is nicely located with beautiful views of the mountains beyond. Soon this will be very valuable real estate once utilities are extended into the area. But for now, rev up your ATV, get out your dirt bike and put on your boots. This is rural living at its best.

Comparable Values

This 2012 county map shows Unit 9 prices for 1 acre to be the highest in the area at $8,000. That was five years ago folks and you know what direction prices have gone since then.

This shouldn’t be a surprise to anyone because Rio Rancho continues to grow, and Unit 9 is closest to those areas that are growing, as well as to proposed growth areas like Quail Ranch just to the south.

And keep in mind the Paseo del Volcan road extension intended to connect I-40 with US Hwy 550 that will eventually form the western boundary of Unit 9 bringing even more growth to the area.