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5406 Blue Grama Dr; Rio Rancho, NM Property Details

5406 Blue Grama Dr, Rio Rancho, NM is a Single Family that was built in 2023. This property is currently Financed,New Construction and is not for sale. Our records show that 5406 Blue Grama Dr has 4 bedrooms, and 2.5 bathrooms, and a total of 2,814 square feet. The lot size of 5406 Blue Grama Dr is 4,273 square feet.

Off market
5406 Blue Grama Dr NE Rio Rancho, NM 87144
$570,184 Listing Price
4 Beds
2.5 Baths
2,814 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2023
  • Purchase Price: $557,180
  • Open Loans / Balance: 1 / $555,481
  • Est. Equity / %: $70,519 / 11.27%
  • Gross Yield: 6.78%
  • APN: R186759
  • Situs County: Sandoval
  • Length Of Ownership: 3 years, 5 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Measurements

  • Total: 2,814/SqFt
  • Lot: 4,273/SqFt
  • Gross: 2,814/SqFt
  • Living: 2,814/SqFt
  • Building: 2,814/SqFt
  • Price Per Square Foot: $198.00

Legal Description

  • Description: LEGAL: S: 12 T: 13N R: 2E SUBD: THE M BLOCK: 1 LOT: 12
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Rio Rancho Public Schools
  • Lat / Lon: 35.36405 / -106.68601
  • Subdivision: The M
  • Property Class: Residential
  • County Use Code: VAC-RES

Amenities

  • Plus Four: 5006

HOA

  • H O A One: $112
  • H O A Amount: $112
  • H O A One Frequency: Monthly
  • H O A One Name: Mariposa Community Association Inc
  • H O A One Type: Home Owner Association

Ownership Info

5406 Blue Grama Dr NE has no associated ownership info
5406 Blue Grama Dr NE has no associated ownership info.

Taxes

5406 Blue Grama Dr NE has 8 associated Taxes items

5406 Blue Grama Dr, Rio Rancho, NM pays taxes in Sandoval County, NM. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $170,272. The APN we've located for 5406 Blue Grama Dr is R186759.

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Taxes
  • Assessed Value:  $170,272
  • Assessed Year:  2025
  • Assessed County:  Sandoval
  • APN:  R186759
  • Assessed Land Value:  19508
  • Market Land Value:  58523
  • Market Value:  510814
  • Market Year:  2025

Tax History

5406 Blue Grama Dr NE has 5 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $170,272 Land Value $19,508 Improvement Value $150,764 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $165,312 Land Value $17,333 Improvement Value $147,979 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $125,869 Land Value $17,333 Improvement Value $108,536 Tax Amount $5,155.64 Change Rate +3.034526% Assessed CR Tax Rate +0.04096%
Year 2022 Assessed Value $17,333 Land Value $17,333 Improvement Value Tax Amount $1,277.88 Change Rate +0.992081% Assessed CR Tax Rate +0.073725%
Year 2021 Assessed Value $2,095 Land Value $2,095 Improvement Value Tax Amount $641.48 Change Rate Assessed CR Tax Rate +0.306196%