OFF MARKET
Google street view image for 1561 Vargas Rd SE, Rio Rancho, NM 87124
OFF MARKET
$539,261
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 $539,261.
Single-familyProperty Type
2006Year Built
0.5 acresLot Size
$194Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$539,261
$7,000 since July

This home's estimate is 4.1% higher than the average sale price ($518K) of 5 comparable homes.

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell
$506,223
Est. take-home

List your home with Redfin and save $5,393

Rent
$2,560/mo
Redfin rental estimate

List your home for rent

Market trends in 87124, NM

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price
98.7%

0.0% MoM

Median sale price
$370K

$11K MoM

Avg. days on market
41d

1 days MoM

Recently sold homes
247

16 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

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
91
65
92
66
84
58
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
$513,000 – $621,000

Reach more buyers when you sell with Redfin. Save up to $5,393 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

NEW 6 HRS AGO
$650,000
7 beds3.5 baths3,440 sq ft
6601 Brezza Dolce Ave NW, Albuquerque, NM 87114
$388,000
3 beds2.5 baths2,206 sq ft
1444 Peppoli Loop SE, Rio Rancho, NM 87124
NEW CONSTRUCTION3D WALKTHROUGH
$399,990
3 beds2 baths1,519 sq ft
3360 Dijamant Loop SE, Rio Rancho, NM 87124
Listing provided by Zillow
$400,000
4 beds2.5 baths2,546 sq ft
10801 Stonebrook Pl NW, Albuquerque, NM 87114
OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$1,350,000
5 beds5.5 baths4,294 sq ft
1241 22nd Ave SE, Rio Rancho, NM 87124
3D WALKTHROUGH
$329,900
3 beds2.5 baths1,521 sq ft
10805 Park North St NW, Albuquerque, NM 87114

New listings for sale in 87124

NEW 7 HRS AGO
$300,000
2 beds3 baths1,573 sq ft
3291 Esplanade Cir SE, Rio Rancho, NM 87124
OPEN SAT, 11AM TO 1PM
$310,000
3 beds2 baths1,312 sq ft
822 Buckboard Rd SE, Rio Rancho, NM 87124
NEW 23 HRS AGO3D WALKTHROUGH
$425,000
3 beds2.5 baths2,399 sq ft
160 La Cuesta Ct NE, Rio Rancho, NM 87124
FOR SALE BY OWNER
$530,000
4 beds3 baths2,433 sq ft
608 8th St NE, Rio Rancho, NM 87124
$580,000
8 beds4 baths3,310 sq ft
95 Eventide Rd SE, Rio Rancho, NM 87124
OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$349,000
3 beds2 baths1,604 sq ft
1616 Terra De Sol Dr SE, Rio Rancho, NM 87124
$375,000
3 beds2.5 baths1,697 sq ft
105 Latigo Trl SE, Rio Rancho, NM 87124
3D WALKTHROUGH
$525,000
4 beds3 baths2,543 sq ft
3150 Turquesa Pl SE, Rio Rancho, NM 87124
$295,000
2 beds2 baths1,586 sq ft
3300 Saint Andrews Dr 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.
$503,030
3 Beds | 2.5 Baths | 2413 Sq. Ft.
$496,824
AddressRedfin Estimate
3 Beds | 2.5 Baths | 2428 Sq. Ft.
$501,597
3 Beds | 2 Baths | 1858 Sq. Ft.
$417,796
AddressRedfin Estimate
4 Beds | 2 Baths | 2362 Sq. Ft.
$453,972
4 Beds | 2 Baths | 1858 Sq. Ft.
$383,631

More real estate resources

Rio Rancho Estates homes for sale
Download the Redfin App on the Apple App Store
Download the Redfin App from the Google Play Store

Join us

Become an Agent
Get referrals
Careers

Find homes faster

Download the Redfin App on the Apple App Store
Download the Redfin App from the Google Play Store

About us

Why Redfin?
Community Impact
Inclusion
Culture
Press
Investors
Blog
Real Estate News

Find us

Contact Us
Help Center
Advertise

Subsidiaries

Rent.
ApartmentGuide

Affiliated Business

Rocket Close
Rocket Mortgage

Countries

US flagUnited States

Canadian flagCanada

Copyright: © 2026 Redfin. All rights reserved.

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.