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$327,000
3 Beds 3 Baths
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.

1205 5th Street NW, Rio Rancho

$260,000
4 Beds 2 Baths
Welcome home to this spacious 2,240-square-foot double-wide manufactured home featuring an open floor plan, 4 bedrooms with the potential for a 5th bedroom, and 2 separate living areas, making it ideal for families, entertaining, or working from home.The updated kitchen offers abundant cabinetry, a pantry, and includes a dishwasher, refrigerator, freestanding gas range, and microwave. A separate laundry room comes equipped with a washer & dryer for added convenience.The generous primary suite features a private bath with dual sinks, a relaxing garden tub, and a separate shower. All bedrooms are comfortably sized with plenty of room for family or guests.Stay comfortable year-round with central propane heating, a pellet stove, and an evaporative cooler. The home also provides convenient backyard access.Situated on a half-acre lot, the property includes an oversized two-car garage with ample space for parking, a workshop, hobbies, or extra storage.Additional highlights include:* Open-concept floor plan* Two spacious living areas (main living room approximately 15' x 13')* Updated kitchen with pantry and abundant cabinet space* Large bedrooms throughout* Separate laundry room* Backyard access* Oversized finished two-car garage* Septic system replaced approximately 5 years ago* City water* Termite inspection and home inspection completed

1205 10th Street NW, Rio Rancho

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.