Pending

Price cut: $6K (6/10)

$358,000

126 Spectrum Ave SW, Rio Rancho, NM 87124

3beds

1,588sqft

N/A

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Single Family Residence

Built in 2024

5,227 Square Feet Lot

$355,400 Zestimate^®

$225/sqft

$45/mo HOA

What's special

Open layoutStainless steel appliancesGranite countertopsFully landscaped backyardExtended patio spaceRefrigerated air

$3K SELLER CREDIT (rate buy down, prepaids, or closing costs) Welcome to this beautiful 2024-built Verbena floor plan located in the desirable Rainbow Canyon community. This 3-bedroom, 2-bath home offers 1,588 sq ft with thoughtful upgrades throughout, including refrigerated air, tankless water heater with recirculating line, stainless steel appliances, granite countertops, and EV charger in the 2-car garage. The open layout flows into a fully landscaped backyard featuring extended patio space, turf, and views of the Sandia Mountains. Washer, dryer, closet shelving, and all appliances convey. Enjoy added peace of mind with a transferable 10-year structural warranty. Brand new leather sectional to convey with acceptable offer. No PID!

61 days

59

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1

Primary bedroom

Level: Main
Area: 171.45
Dimensions: 13.5 x 12.7

Dining room

Level: Main
Area: 133.72
Dimensions: 10.2 x 13.11

Kitchen

Level: Main
Area: 142.5
Dimensions: 12.5 x 11.4

Living room

Level: Main
Area: 249.15
Dimensions: 15.1 x 16.5

Heating

Central, Forced Air, Natural Gas

Cooling

Refrigerated

Appliances

Included: Dryer, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Disposal, Microwave, Refrigerator, Washer
Laundry: Electric Dryer Hookup

Features

Attic, Ceiling Fan(s), High Speed Internet, Kitchen Island, Main Level Primary, Pantry, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s)
Flooring: Carpet, Tile
Windows: Double Pane Windows, Insulated Windows, Low-Emissivity Windows, Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,588
Total interior livable area: 1,588 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Garage, Garage Door Opener
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered, Open, Patio
Exterior features: Private Yard, Sprinkler/Irrigation
Fencing: Wall

Lot

Size: 5,227 Square Feet
Features: Sprinklers In Rear, Landscaped, Planned Unit Development, Xeriscape
Residential vegetation: Grassed

Details

Parcel number: 1009069191224
Zoning description: R-1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Synthetic Stucco
Roof: Pitched,Shingle

Condition

Resale
New construction: No
Year built: 2024

Details

Builder name: Centex / Pulte Homes

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected

Green energy

Energy efficient items: Appliances
Energy generation: None
Water conservation: Water-Smart Landscaping

Community & HOA

Community

Security: Security System
Subdivision: Rainbow Subdivision Phase 1

HOA

Has HOA: Yes
Services included: Common Areas, Road Maintenance
HOA fee: $45 monthly

Location

Region: Rio Rancho

Financial & listing details

Price per square foot: $225/sqft
Tax assessed value: $347,220
Annual tax amount: $4,171
Date on market: 5/27/2026
Cumulative days on market: 29 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$355,400

$338,000 - $373,000

$2,407/mo

Price history

Date	Event	Price
6/18/2026	Pending sale	$358,000$225/sqft
Source: SWMLS #1104280 Report a problem
6/10/2026	Price change	$358,000-1.6%$225/sqft
Source: SWMLS #1104280 Report a problem
5/27/2026	Listed for sale	$364,000+2.4%$229/sqft
Source: SWMLS #1104280 Report a problem
4/26/2024	Sold	--
Source: SWMLS #1057446 Report a problem
3/6/2024	Pending sale	$355,490$224/sqft
Source: SWMLS #1057446 Report a problem
2/10/2024	Price change	$355,490+0.7%$224/sqft
Source: Centex Report a problem
2/4/2024	Listed for sale	$352,990$222/sqft
Source: Centex Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,039 +374.3%	$115,740 +396%
2024	$852 -14.8%	$23,333 -2.8%
2023	$999 +59.8%	$24,000 +60%
2022	$626	$15,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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