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2541 Rio Vista Way

2541 Rio Vista Way, Farmington, NM 87401
Property in San Juan
Sold Aug 26, 2019
$181,500
$179,083 by Planet Home Lending Llc
Mortgage Due Sep 01, 2049
Sold Sep 03, 2014
$163,200
$161,074 by Mortgage Solutions Of Colorado
Mortgage Due Oct 01, 2044
2541 Rio Vista Way in Farmington, NM was first built in 2007 and is 17 years old. This has been categorized as a residential property type. There are a total of 2 floors. 2541 Rio Vista Way has 1,676 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,494 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2541 Rio Vista Way sold most recently in Aug 21, 2019 for a total of $181,500. If you work out the math, that's approximately a cost of $108.29 per sqft. Before that, the property was also sold for $163,200 in Sep 2, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,613 in taxes each year. 2541 Rio Vista Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $66,931. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,494
  • Total Building Area: 1,676
  • Gross Building Area: 1,676
  • Building Area: 1,676
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,676
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIO VISTA SUBDIVISION 3
  • Land Acres: 0.195
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIO VISTA SUBDIVISION NO.3 LOT 8 BLOCK 4 BK.1647 PG.338

Ownership

  • Current Owner : REED JOSEPH R
  • Current Owner 2: REED ERIN
  • Previous Owner : REED JOSEPH R
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Farmington Municipal Schools
  • Census Tract: 000206

Geography

  • Assessors Map Reference: MAP: 2913
  • Account Number: R0031993
  • Parcel: 2074173217194
  • Block: 4
  • Lot: 8
  • Meridian: SEC 2 TWN 29N RNG 13W
  • Municipality: CITY
  • Latitude: 36.7534
  • Longitude: -108.173

    Address

  • Full Address: 2541 Rio Vista Way
  • Address - House Number: 2541
  • Address - Street Name: Rio Vista
  • Address - Suffix Type: Way
  • State: NM
  • City Name: Farmington
  • Carrier Code: C022
  • 4-Digit Zip Code: 4562
  • Zip Code: 87401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,613
  • Tax Rate Code Area: 5INRS

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 277,121
  • High Value: 338,381
  • Low Value: 215,860

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $179,083
  • First Open Lien Mortgage Lender: PLANET HOME LENDING LLC
  • First Open Lien Mortgage Recording Date: Aug 26, 2019
  • First Open Lien Mortgage Loan Amount: $179,083
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $200,793

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,931

    Sales

  • Current Sale Contract Date: Aug 21, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Transaction ID: 11646015334
  • Current Sale Price: $181,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 201908173
  • Previous Sale Recording Date: Sep 03, 2014
  • Previous Sale Contract Date: Sep 02, 2014
  • Previous Sale Amount: $163,200
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLANET HOME LENDING LLC
  • First Mortgage Transaction Date: Aug 26, 2019
  • First Mortgage Loan Amount: $179,083
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • Previous Mortgage Transaction Date: Sep 03, 2014
  • Previous Mortgage Loan Amount: $161,074
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Farmington



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Frequently Asked Questions

What neighborhood is 2541 Rio Vista Way located in?
The 2541 Rio Vista Way is a located in the neighborhood of San Juan in Farmington, Farmington.
What is the average sales price for listings in 2541 Rio Vista Way?
The average sales price for units in 2541 Rio Vista Way is $0 currently.

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