783 Orchid Drive Southwest

783 Orchid Drive Southwest has been categorized by the local assessors in Rio Rancho, NM as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 783 Orchid Drive Southwest has 1,044 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,019 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 783 Orchid Drive Southwest sold most recently in Jun 7, 2016 for a total of $88,800. If you work out the math, that's approximately a cost of $85.06 per sqft. Before that, the property was also sold for $88,800 in Jun 2, 2016. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $1,416 in taxes each year. 783 Orchid Drive Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,747. If we break it down further, the land itself was valued at $8,433. Improvements to the property, however, were assessed at a total of $30,314. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.