Affordable Undeveloped Land for Sale in the Western USA
951-723-5263
Rio Rancho Estates U22 B35 L19-20
$16,000
Discounted Cash Price
Sandoval County, NM
1.0 Acre
– New Mexico Investment Property –
Rio Rancho Estates U22 B35 L19-20
Acreage:
Acreage:
1.0 Acre
1.0 Acre
APN (Assessor's Parcel Number):
APN (Assessor's Parcel Number):
1009073187452 & 1009073179452
1009073187452 & 1009073179452
Legal Description:
Legal Description:
Rio Rancho Estates Unit 22 Block 35 Lots 19-20
Rio Rancho Estates
Unit 22 Block 35 Lots 19-20
Taxes:
Taxes:
$25/parcel/year
$25/parcel/year
Dues:
Dues:
$0/year
$0/year
Approximate GPS Coordinates to NW4:
Approximate GPS Coordinates to NW4:
(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:
$10,000/ Parcel or $16,000 Together
$10,000/ Parcel or $16,000 Together
Financing Price & Terms:
Financing Price & Terms:
***To finance the price is $30,000 with down payment of
$3,000
at 8% interest with monthly payments of
$500.
Reserve This Property Now
***To finance the price is $30,000 with down payment of
$3,000
at 8% interest with monthly payments of
$500.
PROPERTY PHOTOS
PROPERTY PHOTOS
MAPS
MAPS
Location
Location
This 1.0 acre of New Mexico Land for Sale is made up of two adjoining 0.5 acre parcels and is located in Sandoval County, NM. The property is about 20 miles northwest of Albuquerque, NM and about 35 minutes driving from Albuquerque. The property is however, only 8 minutes from the new City Center for Rio Rancho, NM which is the 3rd largest city in New Mexico and one of the fastest growing.
Description
Description
We have current photos of this property and the surrounding views. 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. These two adjoining properties that make up 1 full acre are a corner Lot along one of the main roads through the subdivision called King Boulevard. 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.
This property is priced this low because it is still outside the city limits, but also priced higher than property on the western side of the subdivision because it literally sits right on the city line. This means that when the next growth spurt hits and the city line expands, this property’s value will immediately go up! There is a ton of upside in this investment land including having a tax liability of only $20/year right now and 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.
Utilities and Development
Utilities and Development
There is power at the nearest neighbor which is about 1/3 of a mile to the SE. Just east of this neighbor is a pocket neighborhood with nice homes and completely developed community. Currently a well would need drilled for water and a septic tank installed for waste. Having both lots together would qualify for a well to be drilled here as the state of New Mexico requires ¾ of an acre for a traditional well and septic.
Find out more about Rio Rancho, NM here: Rio Rancho Convention & Visitor’s Bureau