OFF MARKET
Google street view image for 1561 Vargas Rd SE, Rio Rancho, NM 87124
Off market
$933,672
4
bd
•
2.5 ba
•
2,778
sq ft

1561 Vargas Rd SE, Rio Rancho, NM 87124

map-entry

About this home

1561 Vargas Rd SE is a 2,778 square foot house on a 0.5 acre lot with 4 bedrooms and 2.5 bathrooms. Based on Redfin's Rio Rancho data, we estimate the home's value is $933,672.
Single-familyProperty Type
2006Year Built
0.5 acresLot Size
$336Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$933,672
$421K since September

This home's estimate is 73.7% higher than the average sale price ($537K) of 6 comparable homes.

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Earn from this home

Sell
$877,994
Est. take-home

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Rent
$2,525/mo
Redfin rental estimate

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Market trends in 87124, NM

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price
98.7%

0.3% MoM

Median sale price
$381K

$4K MoM

Avg. days on market
40d

6 days MoM

Recently sold homes
264

13 MoM

New listings for sale

Provided by Redfin

Sale history for 1561 Vargas Rd SE

As the MLS and public records start to fill up, we'll list the details here.

Tax history for 1561 Vargas Rd SE

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-1

OZ

Single-Family Residential District

This district permits a low density of population in which the primary land use is a single-family dwelling unit.
Zone overlays
  • Overlay Zone
Permitted uses

Include but are not limited to:

  • Religious facility
  • Housing-Group
  • Housing-Single unit
  • Infrastructure
  • Public service
  • Educational/school
  • Recreation
  • Park & open space

Property details

Around this home

Schools

Maggie Cordova Elementary School

Public K-5 • Assigned • 0.7mi

7/10
Lincoln Middle School

Public 6-8 • Assigned • 2.3mi

6/10
Rio Rancho High School

Public 9-12 • Assigned • 3.3mi

7/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

3% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 96° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Rio Rancho, NM • 87124
Average low and high temperatures (°F)
48
25
61
33
69
40
72
45
79
52
91
63
93
67
92
66
82
57
75
50
59
34
56
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

In this area, properties receive around 11.8 hours in June and 7.1 hours in December, placing it above the U.S. average for solar exposure.

11.8 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$887,000 – $1.07M

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Nearby similar homes

NEW 10 HRS AGO
$425,000
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3 beds2.5 baths3,014 sq ft
1704 20th Ave SE, Rio Rancho, NM 87124
NEW CONSTRUCTION
$825,000
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3D WALKTHROUGH
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$399,900
4 beds3 baths1,988 sq ft
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New listings for sale in 87124

NEW 15 HRS AGO
$665,000
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$430,000
4 beds2.5 baths2,437 sq ft
435 Paseo Roja Pl NE, Rio Rancho, NM 87124
$270,000
2 beds2 baths1,399 sq ft
628 Eastlake Dr SE, Rio Rancho, NM 87124
$329,990
3 beds2 baths1,839 sq ft
630 Lakeview Cir SE, Rio Rancho, NM 87124
3D WALKTHROUGH
$425,000
4 beds2.5 baths2,124 sq ft
241 Landing Trl NE, Rio Rancho, NM 87124
OPEN TODAY, 1PM TO 4PM
$400,000
3 beds2 baths1,835 sq ft
758 Redwood St SW, Rio Rancho, NM 87124
3D WALKTHROUGH
$399,000
4 beds2 baths1,766 sq ft
3325 21st Ave SE, Rio Rancho, NM 87124
$260,000
2 beds1 bath892 sq ft
115 Pearl Dr NE, Rio Rancho, NM 87124
$255,000
2 beds1 bath1,152 sq ft
1390 Ponderosa Ct SE, Rio Rancho, NM 87124

Home values near 1561 Vargas Rd SE

Data from public records.
AddressRedfin Estimate
3 Beds | 2 Baths | 1923 Sq. Ft.
$500,487
3 Beds | 2.5 Baths | 2413 Sq. Ft.
$501,627
AddressRedfin Estimate
3 Beds | 2.5 Baths | 2428 Sq. Ft.
$475,266
3 Beds | 2 Baths | 1858 Sq. Ft.
$420,120
AddressRedfin Estimate
4 Beds | 2 Baths | 2362 Sq. Ft.
$459,732
4 Beds | 2 Baths | 1858 Sq. Ft.
$381,606

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