Spacious 3-bedroom, 2-bath home offering approximately 1,507 sq ft, with 2-car garage and side yard access. Functional layout with solid potential. Exterior has been freshly painted. Appliances convey. Some cosmetic updates needed, including flooring and interior improvements, and priced accordingly. Large backyard offers space for outdoor living and future enhancements. Convenient location near shopping, dining, parks, and major routes. Great opportunity for owner-occupants or investors looking to build equity, renovate, rent, or resale. Schedule your private showing today!
For sale
$240,000
837 Madeira Dr SE, Rio Rancho, NM 87124
3beds
1,507sqft
Est.:
Single Family Residence
Built in 1983
8,712 Square Feet Lot
$-- Zestimate®
$159/sqft
$-- HOA
What's special
Side yard accessAppliances convey
- 22 hours |
- 552 |
- 23 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: 9 hours ago
Listed by:
Aimee Romero 505-269-9878,
Coldwell Banker Legacy 505-892-1000
Source: SWMLS,MLS#: 1098519
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Kitchen
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Living room
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Heating
- Central
Cooling
- Evaporative Cooling
Appliances
- Laundry: Other
Features
- Main Level Primary
- Flooring: Carpet, Laminate, Vinyl
- Windows: Single Pane
- Has basement: No
- Has fireplace: Yes
Interior area
- Total structure area: 1,507
- Total interior livable area: 1,507 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Private Entrance, Private Yard
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 1010068050469
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Pitched
Condition
- Resale
- New construction: No
- Year built: 1983
Details
- Builder name: Amrep
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Cedar Hills 2
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $104,422
- Annual tax amount: $1,182
- Date on market: 2/18/2026
- Cumulative days on market: 1 day
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Listed for sale | $240,000$159/sqft |
Source:  SWMLS #1098519 Report a problem | ||
| 4/12/2022 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/3/2013 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,145 -0.1% | $34,808 +3% |
| 2024 | $1,146 +2.8% | $33,793 +3% |
| 2023 | $1,114 +2.1% | $32,810 +3% |
| 2022 | $1,091 +1% | $31,854 +3% |
| 2021 | $1,081 +3.2% | $30,927 +3% |
| 2020 | $1,047 +2.5% | $30,026 +3% |
| 2019 | $1,021 +6.3% | $29,152 |
| 2018 | $961 -6.7% | $29,152 +3% |
| 2017 | $1,029 | $28,302 |
| 2016 | $1,029 +2.1% | $28,302 |
| 2014 | $1,008 | $28,302 +7.6% |
| 2013 | $1,008 | $26,302 -69% |
| 2011 | -- | $84,908 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,390/mo
Principal & interest
$1238
Property taxes
$152
Climate risks
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Puesta Del Sol Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Eagle Ridge Middle SchoolGrades: 6-8Distance: 3.2 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 3.5 mi
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