Affordable Undeveloped Land for Sale in the Western USA
951-723-5263
Rio Rancho Estates U12 B64 L8
$14,000
Discounted Cash Price
Sandoval County, NM
0.5 Acre
- New Mexico Land for Sale –
Rio Rancho Estates U12 B64 L8
Acreage:
Acreage:
0.5 Acre
0.5 Acre
APN (Assessor's Parcel Number):
APN (Assessor's Parcel Number):
1009071415377
1009071415377
Legal Description:
Legal Description:
Rio Rancho Estates Unit 12 Block 64 Lot 8
Rio Rancho Estates
Unit 12 Block 64 Lot 8
Taxes:
Taxes:
$137/year
$137/year
Dues:
Dues:
$0/year
$0/year
Approximate GPS Coordinates:
Approximate GPS Coordinates:
(Click Coordinates to open in Maps)
(Click Coordinates to open in Maps)
Terms:
Terms:
**The price listed is the cash price only. Once full payment is received, along with the $250
fee for document preparation, Title will be transferred by deed to buyer. Buyer has opportunity to close through a local title company at their expense.
**The price listed is the cash price only. Once full payment is received, along with the $250
fee for document preparation, Title will be transferred by deed to buyer. Buyer has opportunity to close through a local title company at their expense.
Cash Price:
Cash Price:
$14,000
$14,000
Financing Price & Terms:
Financing Price & Terms:
***To finance the price is $22,000 with down payment of $800 at 8% interest with monthly payments of
$350.
Reserve This Property Now
***To finance the price is $22,000 with down payment of $800 at 8% interest with monthly payments of
$350.
PROPERTY PHOTOS
PROPERTY PHOTOS
Location
Location
This 0.5 acre of New Mexico land for sale is located in Sandoval County, in the city of Rio Rancho, NM. The property sits within the city limits of Rio Rancho Estates in Unit 12. Rio Rancho is just 20 miles northwest of Albuquerque, NM and about 40 minutes driving from Albuquerque. Rio Rancho, NM which is the 3rd largest city in New Mexico and the fastest growing.
Description
Description
**INVESTMENT PROPERTY** - 5 Stars for Location & View!
All of the photos were taken in June of 2016 of the property and the surrounding views. This property is within the current City limits of Rio Rancho, a city of over 90,000 population and growing. This is a rare property to get for sale at this price in this area of potential. The land has a ton of future value and growth potential due to the location and view, two things that are unique and cannot be easily duplicated.
This Lot is close to the main road Rainbow Blvd that runs North to South through the subdivision. The short road that it sits on needs improvement, but it would be easy to improve and the connecting road is in good condition.
This is the closest I have been for this price to the Sandia Mountains and growing Rio Rancho. There are neighbors surrounding the property in all views and still a reasonable distance away from the land and all with nice homes. I did not see any run-down homes and some of them were very very nice! This plot sits higher up on a hill providing beautiful views to the north of the valley and growth along with spectacular views to the east of the Sandia Mountains.
Utilities and Development
Utilities and Development
The nearby homes mean good water with a reasonable well depth. You will want to contact a local well driller for better information, but that is always a good sign. Nearby homes built above average also means future equity through appreciate to property values.
I did not see power poles close, so either the power is where the nearby homes are or they are using solar, wind, or generator power. The power may also be power underground in this area so you would want to contact the local power company for more information.
Rio Rancho Estates Subdivision
Rio Rancho Estates Subdivision
Outside of the investment value of this New Mexico land for sale, this is an excellent place to live and play. West of this subdivision are tons of trails for ATV, dirt bikes, 4x4, hiking, horseback riding, golfing, etc. With quick access to town, but without the high costs and taxes this is an excellent property for a home site or a great place to pull up an RV and have some fun.
There is a ton of upside investing in Rio Rancho, NM land including having a minimal annual tax liability with no association or dues. This means you can hold this property long term without having the high yearly expense than many other investment properties typically have.
The city center is only about a 3 miles drive east where you can find the Santa Ana Star Center, University of New Mexico West, Central New Mexico Community College, UNM Sandoval Regional Medical Center, Hewlett Packard, and City Hall! Further south in Rio Rancho you will even find Intel which says to me that this area will continue to provide jobs and growth for years to come.
We have extensive experience in this area throughout the years and each time I have visited it seems more commercial growth and major buildings have been completed.
Find out more about Rio Rancho, NM here: Rio Rancho Convention & Visitor’s Bureau