Exceptional Rental Income Opportunity in the Heart of Corrales!With a spacious detached guest house offering immediate income potential, this unique horse property creates a rare opportunity to offset your mortgage and make Corrales village living far more affordable. Owner financing may also be possible, adding even more flexibility for the right buyer.Set on 2 lush acres beneath towering cottonwoods and framed by breathtaking Sandia Mountain Views, this elegant country estate blends charm, flexibility, and financial practicality. The 2,125 square foot rustic adobe main home radiates warmth and character with rich wood and brick floors, an updated kitchen, and inviting living spaces designed for both quiet mornings and lively gatherings.The detached 1,471 square foot second hous
Pending
Price cut: $5K (2/13)
$1,259,000
3871 Corrales Rd, Rio Rancho, NM 87048
5beds
3,597sqft
Est.:
Single Family Residence
Built in 1960
2 Acres Lot
$1,207,700 Zestimate®
$350/sqft
$-- HOA
What's special
Rustic adobe main homeUnique horse propertyRadiates warmth and characterUpdated kitchenInviting living spacesBeneath towering cottonwoods
- 160 days |
- 159 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 01, 2026 at 02:36pm
Listed by:
Andrew Donald Mathis 505-388-6734,
Weichert, Realtors Image 505-365-6721
Source: SWMLS,MLS#: 1092606
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Primary bedroom
- Level: Main
- Area: 196
- Dimensions: 14 x 14
Kitchen
- Level: Main
- Area: 225
- Dimensions: 15 x 15
Living room
- Level: Main
- Area: 252
- Dimensions: 14 x 18
Heating
- Multiple Heating Units, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Washer
- Laundry: Electric Dryer Hookup
Features
- Beamed Ceilings, Ceiling Fan(s), Cathedral Ceiling(s), Multiple Living Areas, Main Level Primary
- Flooring: Tile, Wood
- Windows: Double Pane Windows, Insulated Windows, Vinyl
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Custom, Outside, Wood Burning Stove
Interior area
- Total structure area: 3,597
- Total interior livable area: 3,597 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Detached, Garage
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Exterior features: Fire Pit, Playground, Private Yard
- Fencing: Back Yard,Full,Front Yard
Lot
- Size: 2 Acres
- Features: Lawn
Details
- Additional structures: Corral(s), Greenhouse, Storage, Workshop
- Parcel number: 1015067468065
- Zoning description: A-2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Adobe, Frame
- Foundation: Block, Slab
- Roof: Pitched,Shingle
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $584,776
- Annual tax amount: $7,262
- Date on market: 10/9/2025
- Cumulative days on market: 157 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry,Other,See Remarks,VA Loan
- Road surface type: Asphalt
Estimated market value
$1,207,700
$1.15M - $1.27M
$2,516/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Pending sale | $1,259,000$350/sqft |
Source:  SWMLS #1092606 Report a problem | ||
| 2/13/2026 | Price change | $1,259,000-0.4%$350/sqft |
Source: SWMLS #1092606 Report a problem | ||
| 1/24/2026 | Price change | $1,264,000-0.4%$351/sqft |
Source: SWMLS #1092606 Report a problem | ||
| 12/12/2025 | Price change | $1,269,000-0.4%$353/sqft |
Source: SWMLS #1092606 Report a problem | ||
| 11/21/2025 | Price change | $1,274,000-1.8%$354/sqft |
Source: SWMLS #1092606 Report a problem | ||
| 10/16/2025 | Listed for sale | $1,297,000+72.9%$361/sqft |
Source: SWMLS #1092606 Report a problem | ||
| 12/15/2021 | Sold | -- |
Source: SWMLS #1003273 Report a problem | ||
| 11/11/2021 | Pending sale | $750,000$209/sqft |
Source: SWMLS #1003273 Report a problem | ||
| 10/21/2021 | Listed for sale | $750,000$209/sqft |
Source: SWMLS #1003273 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,262 +0.5% | $194,925 +3% |
| 2024 | $7,224 +2.6% | $189,254 +3% |
| 2023 | $7,039 +4.9% | $183,749 +3% |
| 2022 | $6,712 +105.6% | $178,404 +104.6% |
| 2021 | $3,264 +3.1% | $87,212 +3% |
| 2020 | $3,167 | $84,672 +3% |
| 2019 | -- | $82,206 +3% |
| 2018 | $2,816 -0.5% | $79,812 +3% |
| 2017 | $2,830 | $77,487 +3% |
| 2016 | $2,830 +2.1% | $75,231 |
| 2014 | $2,772 | $75,231 +3% |
| 2013 | $2,772 | $73,040 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,290/mo
Principal & interest
$6493
Property taxes
$797
More affordability tools
Climate risks
Neighborhood: 87048
Nearby schools
GreatSchools rating
- 8/10Corrales Elementary SchoolGrades: K-5Distance: 0.9 mi
- 3/10Taylor Middle SchoolGrades: 6-8Distance: 3.1 mi
- 3/10Cibola High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Middle: Taylor
- High: Cibola
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 87048
- New Mexico
- Sandoval County
- Corrales
- 87048
- 3871 Corrales Rd
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