1205 5th Street Nw, Rio Rancho, NM 87144
Local realty services provided by:ERA Sellers & Buyers Real Estate
1205 5th Street Nw,Rio Rancho, NM 87144
$261,500
- 3 Beds
- 3 Baths
- 1,938 sq. ft.
- Single family
- Active
Listed by: remington properties llc.
Office: realty one of new mexico
MLS#:1109353
Source:NM_SWMLS
Price summary
- Price:$261,500
- Price per sq. ft.:$134.93
About this home
Bring your vision and handy skills to this spacious home on a generous half-acre lot in a peaceful western Rio Rancho setting! Offering plenty of potential to renovate, personalize and create a home that truly reflects your style, this property is an exciting opportunity for buyers ready to roll up their sleeves and make it their own.HUD-Owned Home - Equal Housing Opportunity. Managed by Raine & Co. HUD Case #361-346720. HUD $100 down payment special available for all FHA-financed buyers! This property is listed IE - Insurable with Escrow - final financing eligibility subject to buyer's appraisal. This means that the home likely needs less than $10,000 in repairs in order to meet FHA's minimum property standards. If a buyer obtains FHA 203(B) financing they can borrow up to $10,000 more than the purchase price to be escrowed by their lender and paid to a licensed contractor approved by buyer's lender after closing to complete repairs to meet FHA minimum property standards. Buyers may also take advantage of FHA 203(K) renovation financing. This is a financing option for buyers to borrow more than the purchase price to affordably finance in all renovations / repairs not just limited to items to meet minimum property standards! Work must be performed post-closing by licensed contractors approved by buyer's mortgage company. Buyer remains responsible for earnest money, utility activation costs and applicable closing costs even when utilizing the FHA $100 down payment special. HUD homes are sold AS-IS, WHERE-IS, WITH ALL FAULTS. HUD will not make repairs or provide payment/credit for repairs prior to closing for any reason. Buyers are strongly encouraged to obtain independent professional inspections. A Property Condition Report (PCR), Environmental Compliance Record (ECR) and Property Listing Disclosure (PLD) are available for informational purposes only but are not substitutes for buyer's professional home inspections.Utility Turn-Ons: With an accepted bid, buyer is responsible for all costs associated with activating utilities for inspections/appraisal (such as plumbing mercury tests where applicable and all utility company expenses). Utility activation requires prior approval from HUD's Field Service Manager. If water line does not hold pressure in the PCR/PLD, buyer will not be permitted to put the water on. All bids must be submitted directly through the HUD Home Store website by HUD-approved brokers only. Not all real estate professionals are HUD-approved brokers, process to become approved can take up to 3 months to get set up. Bids are a closed-bidding process meaning that listing broker will not have knowledge of existence nor terms of any bids placed....
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Home facts
- Year built:2001
- Subdivision & Development:Rio Rancho Estates
- Listing ID #:1109353
- Added:45 day(s) ago
- Updated:October 02, 2026 at 05:51 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Carpet, Tile
- Dining Description:Living Dining Combo
- Bathrooms Description:Tub Shower
- Kitchen Description:Pantry
- Living area:1,938 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Baseboard
Structure and exterior
- Roof:Pitched, Shingle
- Year built:2001
- Building area:1,938 sq. ft.
- Lot area:0.5 Acres
- Lot Features:Corner Lot
- Construction Materials:Frame, Stucco
- Exterior Features:Private Yard
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$261,500
- Price per sq. ft.:$134.93
- Tax amount:$1,450
Features and amenities
- Amenities:Thermal Windows
Parking
- Parking description:Garage
- Garage:Yes
- Garage spaces:2
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