Custom 6-7 bedroom, 4 bath Corrales home offering approx. 4,125 SF on 2.39 acres--a rare chance to create value in one of NM's most sought-after rural villages. Built in the 1970s, the home retains original character with vintage wallpaper, fixtures, and a Soapstone stove and is ready for updating or restoring as is. With generous living areas, multiple bedrooms, and flexible spaces, it can be lived in with minimal effort while improvements are made, or taken to the next level with a full renovation and modern finishes. 2x6 Construction and 2x8 Rafters make for great ''bones''. Enjoy Corrales' well known acequia and agricultural heritage and the nearby Rio Grande Bosque for cottonwood-lined open space and trails. Buyer to verify zoning/use and all property features important to them.
For sale
Price cut: $30K (7/23)
$920,000
350 Applewood Rd, Rio Rancho, NM 87048
6beds
4,125sqft
:
Get pre-qualified$5,882/mo
Single Family Residence
Built in 1977
2.39 Acres Lot
$892,800 Zestimate®
$223/sqft
$-- HOA
What's special
Original characterMultiple bedroomsFlexible spacesSoapstone stove
- 119 days |
- 1,103 |
- 50 |
Zillow last checked:
Listing updated:
Listed by:
Michael Lizzi 505-449-7003,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1098408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 230850
- Dimensions: 1710 x 135
Bedroom 2
- Level: Upper
- Area: 14319
- Dimensions: 111 x 129
Bedroom 3
- Level: Upper
- Area: 12423
- Dimensions: 123 x 101
Bedroom 4
- Level: Upper
- Area: 15042
- Dimensions: 109 x 138
Bedroom 5
- Level: Upper
- Area: 92922
- Dimensions: 102 x 911
Dining room
- Level: Main
- Area: 13818
- Dimensions: 94 x 147
Family room
- Level: Main
- Area: 18224
- Dimensions: 134 x 136
Kitchen
- Level: Main
- Area: 125718
- Dimensions: 911 x 138
Living room
- Level: Main
- Area: 2304
- Dimensions: 16 x 144
Office
- Level: Main
- Area: 17152
- Dimensions: 128 x 134
Heating
- Forced Air
Cooling
- Refrigerated
Appliances
- Laundry: Electric Dryer Hookup
Features
- Multiple Living Areas
- Flooring: Carpet, Tile
- Windows: Sliding
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,125
- Total interior livable area: 4,125 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Private Yard
Lot
- Size: 2.39 Acres
Details
- Parcel number: 1015067065005
- Zoning description: A-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Pitched
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Electricity Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Lands Of Christ Mary Trust
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $223/sqft
- Tax assessed value: $327,687
- Annual tax amount: $8,746
- Date on market: 2/16/2026
- Cumulative days on market: 120 days
- Listing terms: Cash,Conventional,VA Loan
Estimated market value
$892,800
$848,000 - $937,000
$3,930/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $920,000-3.2%$223/sqft |
Source:  SWMLS #1098408 Report a problem | ||
| 6/9/2026 | Price change | $950,000-17.4%$230/sqft |
Source: SWMLS #1098408 Report a problem | ||
| 4/23/2026 | Price change | $1,150,000-4.2%$279/sqft |
Source: SWMLS #1098408 Report a problem | ||
| 4/1/2026 | Listed for sale | $1,200,000$291/sqft |
Source: SWMLS #1098408 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,070 +0.5% | $109,229 +3% |
| 2024 | $4,048 +2.6% | $106,048 +3% |
| 2023 | $3,944 +4.9% | $102,959 +3% |
| 2022 | $3,761 +1.2% | $99,960 +3% |
| 2021 | $3,717 +3% | $97,049 +3% |
| 2020 | $3,609 | $94,222 +3% |
| 2019 | -- | $91,478 +3% |
| 2018 | $3,214 -0.6% | $88,813 +3% |
| 2017 | $3,235 | $86,227 +3% |
| 2016 | $3,235 +2.1% | $83,716 |
| 2014 | $3,169 | $83,716 +3% |
| 2013 | $3,169 | $81,278 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87048
Nearby schools
GreatSchools rating
- 8/10Corrales Elementary SchoolGrades: K-7Distance: 1.6 mi
- 3/10Cibola High SchoolGrades: 9-12Distance: 1.7 mi
- 4/10Taylor Middle SchoolGrades: 6-8Distance: 2.9 mi
- $551,5473 bd2 ba2.7k sqft412 Felix Tafoya Rd, Corrales, NM 87048Off Market
- $790,5003 bd3 ba3.1k sqft268 Rivera Ln, Corrales, NM 87048Off Market
- $657,2003 bd3 ba3k sqft253 Rivera Ln, Corrales, NM 87048Off Market
- $--4 bd3 ba2.5k sqft346 Applewood Rd, Corrales, NM 87048Sold
- $997,4003 bd2 ba3k sqft348 Applewood Rd, Corrales, NM 87048Off Market
- $1,119,1005 bd4 ba4k sqft490 Applewood Rd, Corrales, NM 87048Off Market
- $413,100-- bd-- ba1.5k sqft35 Felix Tafoya Rd, Corrales, NM 87048Off Market
- $2,053,2004 bd7 ba4.9k sqft498 Applewood Rd, Corrales, NM 87048Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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