This property beckons with 7.8 acres of rural serenity along Rio Grande Boulevard in Los Ranchos de Albuquerque. Despite its idyllic countryside setting, surrounded by farms and equestrian facilities, the property offers seamless access to the City of Albuquerque and Rio Rancho. Boasting 302' of frontage on Rio Grande Blvd, it extends west to the Paseo del Bosque Trail and the Rio Grande River. With an existing, uninhabitable dwelling and storage building, the site presents a golden opportunity for redevelopment. Envision a grand single-family estate or multiple unique north valley homes, blending tranquility with proximity to urban amenities. This is your chance to create an extraordinary living experience at 7601 Rio Grande NW.
Welcome to the historical site of the C.M. Foraker Farmhouse (https://en.wikipedia.org/wiki/C._M._Foraker_Farmhouse). Regrettably, the historical home is gone, but the landmark property is ready and waiting for you and possibly the recreation of the Queen Anne-Anglo style farmhouse in the form of a multi-unit project, townhomes or whatever your creativity will bring to this incredible 1.21 acre canvas. Adding to the charm of this unique parcel located in the heart of the near north valley, is the quaint acequia that runs in front of the property. With the new location of the La Montanita Coop opening 2024 in Avanyu Plaza (https://avanyuplaza.com) across the street. this parcel is in the heart city within minutes of the Old Town, Museums and quick access to I-40. There is an oversized 28' x 40' garage and attached breezeway. Unfinished garage is pre-plumbed for gas, water and electric. It also has an 18' wide, 9' tall garage door. Please note: Electric meter, cable and phone are on the property, underground on north side of the of garage. Gas meter is near the middle of the back deck. Sewer you can see on side of house facing Menaul, with 2 cleanouts going south to city hookup.
The median home value in Albuquerque, NM is $308,100. This is higher than the county median home value of $297,600. The national median home value is $338,100. The average price of homes sold in Albuquerque, NM is $308,100. Approximately 56.14% of Albuquerque homes are owned, compared to 37.24% rented, while 6.62% are vacant. Albuquerque real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Albuquerque real estate agent to arrange a tour today!
Albuquerque, New Mexico 87107 has a population of 562,336. Albuquerque 87107 is more family-centric than the surrounding county with 26.99% of the households containing married families with children. The county average for households married with children is 25.49%.
The median household income in Albuquerque, New Mexico 87107 is $56,366. The median household income for the surrounding county is $56,920 compared to the national median of $69,021. The median age of people living in Albuquerque 87107 is 37.5 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 23.5 degrees. The average rainfall is approximately 11.1 inches per year, with 10.6 inches of snow per year.