Great Fixer Upper Opportunity! Needs a full Remodel & new roof Selling AS IS, Great Location in Rio Rancho. Close to Walmart, Rust Medical Hospital, restaurants. Over a half acre lot perched on a hill with Great Views of the Sandia Mountains. No Utilities are activated. The seller is giving a 30 day first look opportunity to owner occupant, non-profit and government entities.
Sold
Price Unknown
515 Montego Dr SE, Rio Rancho, NM 87124
3beds
1,471sqft
Single Family Residence
Built in 1989
0.56 Acres Lot
$311,800 Zestimate®
$--/sqft
$2,031 Estimated rent
Home value
$311,800
$281,000 - $340,000
$2,031/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 02, 2026 at 12:02pm
Listed by:
Chris J. Tellez 505-379-7721,
Keller Williams Realty
Bought with:
Vertical Real Estate
Keller Williams Realty
Source: SWMLS,MLS#: 1082294
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Kitchen
- Level: Main
- Area: 176
- Dimensions: 16 x 11
Living room
- Level: Main
- Area: 375
- Dimensions: 25 x 15
Heating
- Baseboard
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range
- Laundry: Electric Dryer Hookup
Features
- Cathedral Ceiling(s), Main Level Primary, Cable TV
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,471
- Total interior livable area: 1,471 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard
- Has view: Yes
Lot
- Size: 0.56 Acres
- Features: Landscaped, Views
Details
- Additional structures: Garage(s)
- Parcel number: R102068
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Slab
- Roof: Pitched,Shingle
Condition
- Resale
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Rio Rancho
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | -- |
Source:  SWMLS #1082294 Report a problem | ||
| 5/9/2025 | Contingent | $205,000$139/sqft |
Source: SWMLS #1082294 Report a problem | ||
| 4/17/2025 | Listed for sale | $205,000$139/sqft |
Source: SWMLS #1082294 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,077 +3.5% | $30,860 |
| 2024 | $1,040 -0.3% | $30,860 |
| 2023 | $1,044 -1.1% | $30,860 0% |
Find assessor info on the county website
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Puesta Del Sol Elementary SchoolGrades: K-5Distance: 1.3 mi
- 7/10Eagle Ridge Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 2.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$311,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$311,800
- New Mexico
- Sandoval County
- Rio Rancho
- 87124
- 515 Montego Dr SE