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Pending
    • Price cut: $6.9K (7/18)
    $265,000

    616 Eastlake Dr SE, Rio Rancho, NM 87124

    2beds
    1,480sqft
    : 
    $1,936/mo
    Get pre-qualified
    Townhouse
    Built in 1987
    3,484 Square Feet Lot
    $260,800 Zestimate®
    $179/sqft
    $225/mo HOA

    What's special

    Cozy fireplaceHigh ceilingsPrivate fenced patioAbundance of natural light
    Discover peaceful, secure living in The Islands, a premier 55+ gated community. This charming 2-bedroom, 2-bathroom home boasts high ceilings, a cozy fireplace, and an abundance of natural light. Step outside to your private, fenced patio, the perfect spot for morning coffee or evening relaxation. Ideally located near shops and cafes, this home is positioned to benefit from upcoming/exciting nearby developments, including a vibrant new town center with dining and gathering spaces. Experience the perfect mix of comfort, convenience, and growth.
    63 days
    |
    911
    |
    56
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Ewan K Jones 505-503-0325,

    Jones Realty of Albuquerque 505-527-0069

    Source: SWMLS,MLS#: 1104931MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      Primary bedroom
      • Level: Main
      • Area: 262.5
      • Dimensions: 25 x 10.5
      Kitchen
      • Level: Main
      • Area: 46.75
      • Dimensions: 8.5 x 5.5
      Living room
      • Level: Main
      • Area: 247.5
      • Dimensions: 16.5 x 15
      Heating
      • Central, Forced Air
      Cooling
      • Evaporative Cooling
      Appliances
      • Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup
      Features
      • Ceiling Fan(s), Main Level Primary, Walk-In Closet(s)
      • Flooring: Carpet, Tile
      • Windows: Double Pane Windows, Insulated Windows
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Gas Log
      Interior area
      • Total structure area: 1,480
      • Total interior livable area: 1,480 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached, Garage
      • Attached garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Open, Patio
      • Exterior features: Landscaping
      Lot
      • Size: 3,484 Square Feet
      • Features: Landscaped, Planned Unit Development
      Details
      • Parcel number: 1013069379068
      • Zoning description: R-2

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      • Attached to another structure: Yes
      Materials
      • Frame, Stucco
      • Roof: Flat,Mixed
      Condition
      • Resale
      • New construction: No
      • Year built: 1987

      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
      • Features: Common Grounds/Area, Gated
      • Senior community: Yes
      • Subdivision: The Islands 2
      HOA
      • Has HOA: Yes
      • Services included: Common Areas
      • HOA fee: $225 monthly
      Location
      • Region: Rio Rancho

      Financial & listing details

      • Price per square foot: $179/sqft
      • Tax assessed value: $202,713
      • Annual tax amount: $2,435
      • Date on market: 6/5/2026
      • Cumulative days on market: 95 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $260,800

        $248,000 - $274,000

        $2,161/mo

        Price history

        DateEventPrice
        7/30/2026Pending sale$265,000$179/sqft
        Source: SWMLS #1104931 Report a problem
        7/18/2026Price change$265,000-2.5%$179/sqft
        Source: SWMLS #1104931 Report a problem
        6/5/2026Listed for sale$271,900$184/sqft
        Source: SWMLS #1104931 Report a problem
        5/24/2026Listing removed$271,900$184/sqft
        Source: SWMLS #1101419 Report a problem
        4/26/2026Listed for sale$271,900$184/sqft
        Source: SWMLS #1101419 Report a problem
        4/14/2026Pending sale$271,900$184/sqft
        Source: SWMLS #1101419 Report a problem
        4/10/2026Listed for sale$271,900+43.2%$184/sqft
        Source: SWMLS #1101419 Report a problem
        9/3/2020Sold--
        Source: SWMLS #971300 Report a problem
        7/2/2020Pending sale$189,900$128/sqft
        Source: Realty One of New Mexico #971300 Report a problem
        6/27/2020Listed for sale$189,900$128/sqft
        Source: Realty One of New Mexico #971300 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,358 -0.3%$67,571 +3%
        2024$2,364 +2.6%$65,603 +3%
        2023$2,304 +1.9%$63,692 +3%
        2022$2,260 +0.2%$61,837 +2.4%
        2021$2,257 +21.3%$60,396 +21.3%
        2020$1,860 +18%$49,791 +3%
        2019$1,577 +8.9%$48,341 +3%
        2018$1,448 -9.6%$46,934
        2017$1,602 $46,934
        2016$1,602 +2.1%$46,934
        2014$1,569 $46,934 +14.7%
        2013$1,569 $40,934 -70.9%
        2011-- $140,801
        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.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 87124

        Getting around

        29 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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