Rio Rancho Estates U23 B113 L1
$1,800 > $1,500 Discounted Cash Price
Sandoval County, NM
SOLD
0.5 Acre - New Mexico Land for Sale – 
Rio Rancho Estates U23 B113 L1

Acreage:

0.5 Acre

APN (Assessor's Parcel Number):

1004074003226

Legal Description:

Rio Rancho Estates 
Unit 23 Block 113 Lot 1

Taxes:

$20/year

Dues:

$0/year

Approximate GPS Coordinates:

(Click Coordinates to open in Maps)

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.

Cash Price:

$1,800 > $1,500

Financing Price & Terms:

***To finance the price is $3,500 with down payment of $100 at 8% interest with monthly payments of $100. 

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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 just outside the city limits of Rio Rancho Estates in Unit 23. 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

All of the photos were taken in June of 2016 of the property and the surrounding views. This property is easy to reach and with awesome views of the Sandia Mountains to the east. The pictures don’t do it justice and it is much better to see in person!

This property is private with nobody in sight. It is level for building with easy access for an RV. There are power transmission lines to the north with a light crackling sound, however, it was significantly less than expected and wasn’t bothersome to me. This is also why I priced this property low to make up for it in cost. I believe this is another reason why it is so private. So while others aren’t living in this area is makes for a nice private area for someone else!

There is one nice desert tree on the property otherwise it is small cactus, native plants, and sagebrush. The property was easy to walk and would be a fun area for quads, dirtbikes, and ATV’s.

Utilities and Development

The closest low voltage power for residential that I saw was about a mile to the south. For water, you would need to either drill a well or use a holding tank. Septic would need to be installed for waste. 

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

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Discounted Cash Price
Financing Price & Terms
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