For sale

$319,900

4601 Palmas Altas Dr SE, Rio Rancho, NM 87124

3beds

1,710sqft

$2,066/mo

Get pre-qualified

Single Family Residence

Built in 1973

0.34 Acres Lot

$314,400 Zestimate^®

$187/sqft

$-- HOA

What's special

Versatile bonus roomCircular drivewayTwo access gates

Welcome to this beautifully maintained 3-bedroom, 2-bath home with a versatile bonus room in the desirable Corrales Heights neighborhood in Rio Rancho. Situated on a spacious 1/3 acre corner lot, this property features a circular driveway, two access gates, and ample parking for RVs, trailers, or extra vehicles. Enjoy professionally landscaped front and back yards, a custom covered patio perfect for entertaining, and a workshop ideal for hobbies or storage. Conveniently located near shopping, restaurants, schools, hospitals, and parks, this home offers the perfect blend of comfort, functionality, and location. Don't miss this exceptional opportunity!

47 days
1,188
59

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

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

Primary bedroom

Level: Main
Area: 156
Dimensions: 13 x 12

Bedroom 2

Level: Main
Area: 120
Dimensions: 12 x 10

Bedroom 3

Level: Main
Area: 110
Dimensions: 11 x 10

Dining room

Level: Main
Area: 81
Dimensions: 9 x 9

Family room

Level: Main
Area: 462
Dimensions: 22 x 21

Kitchen

Level: Main
Area: 132
Dimensions: 12 x 11

Living room

Level: Main
Area: 204
Dimensions: 17 x 12

Office

Description: this is now a tool storage room
Level: Main
Area: 30
Dimensions: this is now a tool storage room

Heating

Central, Forced Air

Cooling

Evaporative Cooling

Appliances

Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Features

Multiple Living Areas, Main Level Primary
Flooring: Carpet, Vinyl
Windows: Double Pane Windows, Insulated Windows
Has basement: No
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,710
Total interior livable area: 1,710 sqft

Property

Features

Levels: One
Stories: 1
Exterior features: Private Yard
Fencing: Back Yard

Lot

Size: 0.34 Acres

Details

Parcel number: 1014069391145
Zoning description: R-1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame, Stucco
Roof: Tar/Gravel

Condition

Resale
New construction: No
Year built: 1973

Utilities & green energy

Electric: None
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Corrales Heights

Location

Region: Rio Rancho

Financial & listing details

Price per square foot: $187/sqft
Tax assessed value: $174,789
Annual tax amount: $2,099
Date on market: 7/18/2026
Cumulative days on market: 47 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$314,400

$299,000 - $330,000

$1,996/mo

Price history

Date	Event	Price
7/18/2026	Listed for sale	$319,900+14.7%$187/sqft
Source: SWMLS #1107534 Report a problem
5/15/2023	Listing removed	--
Source: SWMLS #1034116 Report a problem
5/12/2023	Listed for sale	$279,000+92.4%$163/sqft
Source: SWMLS #1034116 Report a problem
2/13/2018	Sold	--
Source: Agent Provided Report a problem
1/1/2018	Pending sale	$145,000$85/sqft
Source: Coldwell Banker Legacy #904108 Report a problem
10/27/2017	Price change	$145,000-1.4%$85/sqft
Source: Coldwell Banker Legacy #904108 Report a problem
10/17/2017	Price change	$147,000-2%$86/sqft
Source: Coldwell Banker Legacy #904108 Report a problem
9/16/2017	Listed for sale	$150,000$88/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
7/21/2017	Listing removed	$150,000$88/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
7/20/2017	Pending sale	$150,000$88/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
6/21/2017	Price change	$150,000-3.2%$88/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
5/16/2017	Price change	$155,000-3.1%$91/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
4/20/2017	Price change	$160,000-3%$94/sqft
Source: Coldwell Banker Legacy #888265 Report a problem
4/3/2017	Listed for sale	$165,000$96/sqft
Source: Coldwell Banker Legacy #888265 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,033 -0.3%	$58,263 +3%
2024	$2,039 +6.6%	$56,566 +7%
2023	$1,912 +1.9%	$52,878 +3%
2022	$1,876 +0.8%	$51,338 +3%
2021	$1,862 +3%	$49,843 +3%
2020	$1,808 +2%	$48,391 +2.7%
2019	$1,773 +66.1%	$47,121 +56.2%
2018	$1,067 -6.9%	$30,167 +3%
2017	$1,146	$29,288
2016	$1,146 +2.1%	$29,288
2014	$1,123	$29,288 +3%
2013	$1,123	$28,435 -66.7%
2011	--	$85,306