PRICED UNDER MARKET VALUE!! Welcome to this charming 3 bedroom, 2 bath home located in the desirable Sara Meadows Gated Community. Step inside to your quiet retreat. Natural light floods the home while you enjoy the functional kitchen with ample counter and storage space. All bedrooms are complete with a sliding door to the backyard patio, providing low maintenance backyard designed for easy upkeep, fully walled backyard ideal for relaxing. Prime location just minutes from Albuquerque, the charm of Corrales and its local markets, Intel, restaurants, shopping and trails.
For sale
Price cut: $20K (4/28)
$320,000
1517 Prairie Sage Way SE, Rio Rancho, NM 87124
3beds
1,391sqft
Est.:
Single Family Residence
Built in 2002
3,920.4 Square Feet Lot
$318,300 Zestimate®
$230/sqft
$65/mo HOA
What's special
Quiet retreatBackyard patio
- 13 days |
- 808 |
- 50 |
Zillow last checked:
Listing updated:
Listed by:
Janet Cerros 505-433-9863,
EXP Realty LLC 505-554-3873
Source: SWMLS,MLS#: 1101762
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Kitchen
- Level: Main
- Area: 135
- Dimensions: 15 x 9
Living room
- Level: Main
- Area: 234
- Dimensions: 18 x 13
Heating
- Central, Forced Air
Cooling
- Refrigerated
Appliances
- Included: Dryer, Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Breakfast Bar, Breakfast Area, Ceiling Fan(s), Main Level Primary, Skylights, Tub Shower, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Double Pane Windows, Insulated Windows, Skylight(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,391
- Total interior livable area: 1,391 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Finished Garage, Garage, Garage Door Opener
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Open, Patio
- Exterior features: Courtyard, Privacy Wall, Private Yard, Smart Camera(s)/Recording
- Fencing: Gate,Wall
Lot
- Size: 3,920.4 Square Feet
- Features: Xeriscape
Details
- Additional structures: None
- Parcel number: 1014067154490
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Patio Home
- Property subtype: Single Family Residence
Materials
- Roof: Flat,Pitched
Condition
- Resale
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Features: Gated
- Security: Security Gate
- Subdivision: Saras Meadow
HOA
- Has HOA: Yes
- Services included: Common Areas
- HOA fee: $65 monthly
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $159,045
- Annual tax amount: $1,478
- Date on market: 4/16/2026
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$318,300
$302,000 - $334,000
$1,991/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Price change | $320,000-5.9%$230/sqft |
Source:  SWMLS #1101762 Report a problem | ||
| 4/16/2026 | Listed for sale | $340,000+127.4%$244/sqft |
Source: SWMLS #1101762 Report a problem | ||
| 4/14/2016 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 2/4/2016 | Price change | $149,500-0.3%$107/sqft |
Source: RE/MAX ELITE #848580 Report a problem | ||
| 1/25/2016 | Price change | $150,000-5.1%$108/sqft |
Source: Re/Max Elite #848580 Report a problem | ||
| 8/26/2015 | Price change | $158,000-3.6%$114/sqft |
Source: RE/MAX Elite #848580 Report a problem | ||
| 6/3/2015 | Listed for sale | $163,900-0.6%$118/sqft |
Source: Re/Max Elite #842011 Report a problem | ||
| 5/1/2015 | Listing removed | $164,900$119/sqft |
Source: Berkshire Hathaway Home Services ALLSTAR #820778 Report a problem | ||
| 2/27/2015 | Price change | $164,900-2.1%$119/sqft |
Source: Berkshire Hathaway Home Services ALLSTAR #820778 Report a problem | ||
| 7/29/2014 | Listed for sale | $168,500+2.1%$121/sqft |
Source: Berkshire Hathaway Home Services ALLSTAR #820778 Report a problem | ||
| 7/12/2013 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 4/15/2013 | Listed for sale | $165,000$119/sqft |
Source: creative corp #756371 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,431 -12.7% | $53,015 +3% |
| 2024 | $1,639 +3% | $51,471 +3% |
| 2023 | $1,590 +2.3% | $49,972 +3% |
| 2022 | $1,554 +1.2% | $48,516 +3% |
| 2021 | $1,536 | $47,103 |
| 2020 | $1,536 -0.7% | $47,103 |
| 2019 | $1,546 +10% | $47,103 +3% |
| 2018 | $1,406 -10.2% | $45,732 +3% |
| 2017 | $1,566 | $44,400 -3.5% |
| 2016 | $1,566 -11.2% | $46,013 |
| 2014 | $1,764 | $46,013 -5.8% |
| 2013 | $1,764 | $48,822 -66.7% |
| 2011 | -- | $146,467 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,815/mo
Principal & interest
$1547
Property taxes
$203
HOA Fees
$65
More affordability tools
Climate risks
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Rio Rancho Elementary SchoolGrades: K-5Distance: 1.3 mi
- 7/10Rio Rancho Middle SchoolGrades: 6-8Distance: 3.6 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Rio Rancho
- Middle: Lincoln
- High: Rio Rancho
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Sandoval County
- Rio Rancho
- 87124
- 1517 Prairie Sage Way SE
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