Pending

Price cut: $40K (8/10)

$280,000

493 Chippewa Dr SW, Rio Rancho, NM 87124

2beds

813sqft

$1,883/mo

Get pre-qualified

Single Family Residence

Built in 1986

10,454 Square Feet Lot

$276,500 Zestimate^®

$344/sqft

$-- HOA

What's special

CHARMING single-story home with major updates + massive permitted workshop! Roof, water heater & cooler replaced and plumbing redone with PEX around 2018. Windows replaced and carpet installed in 2022. Also, enjoy the benefits of a 200-amp panel upgrade and recently installed refrigerator & dishwasher. Home includes a bright open living area, cozy bedrooms, and a kitchen offering white cabinets, black counters, stainless appliances, and laundry space. Sliding doors lead to the spacious yard with RV parking and privacy fencing. A standout feature is the huge 30x30 city-permitted workshop with full electricity and high ceilings--perfect for vehicles, tools, or hobbies. Move-in ready! Call today!

46 days
116
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: Main
Area: 100
Dimensions: 10 x 10

Kitchen

Level: Main
Area: 100
Dimensions: 10 x 10

Living room

Level: Main
Area: 100
Dimensions: 10 x 10

Heating

Central, Forced Air

Cooling

Evaporative Cooling

Appliances

Included: Free-Standing Gas Range, Refrigerator
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Features

Ceiling Fan(s), Main Level Primary
Flooring: Carpet, Tile
Windows: Sliding
Has basement: No
Has fireplace: No

Interior area

Total structure area: 813
Total interior livable area: 813 sqft

Property

Parking

Total spaces: 3
Parking features: Attached, Detached, Garage, Oversized
Attached garage spaces: 3

Features

Levels: One
Stories: 1
Exterior features: Private Yard
Fencing: Wall

Lot

Size: 10,454 Square Feet
Features: Few Trees

Details

Additional structures: Garage(s), Workshop
Parcel number: 1008069452007
Zoning description: R-1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Roof: Pitched,Shingle

Condition

Resale
New construction: No
Year built: 1986

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Cedar Hills 6

Location

Region: Rio Rancho

Financial & listing details

Price per square foot: $344/sqft
Tax assessed value: $114,352
Annual tax amount: $1,373
Date on market: 7/29/2026
Cumulative days on market: 45 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$276,500

$263,000 - $290,000

$1,602/mo

Price history

Date	Event	Price
8/12/2026	Pending sale	$280,000$344/sqft
Source: SWMLS #1108158 Report a problem
8/10/2026	Price change	$280,000-12.5%$344/sqft
Source: SWMLS #1108158 Report a problem
7/31/2026	Listed for sale	$320,000$394/sqft
Source: SWMLS #1108158 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,330 -0.3%	$38,117 +3%
2024	$1,334 +2.6%	$37,008 +3%
2023	$1,299 +1.9%	$35,930 +3%
2022	$1,275 +0.8%	$34,883 +3%
2021	$1,265 +3%	$33,867 +3%
2020	$1,229 +2.3%	$32,881 +3%
2019	$1,201 +96.2%	$31,923 +84.5%
2018	$612 -6.9%	$17,304 +3%
2017	$657	$16,800
2016	$657 -18.6%	$16,800 -49.5%
2014	$808	$33,269
2013	$808	$33,269 -66.7%
2011	--	$99,807