Rio Rancho Estates U23 B92 L38
$2,000 > $1,800 Discounted Cash Price
Sandoval County, NM
SOLD
0.5 Acre - New Mexico Land for Sale – 
Rio Rancho Estates U23 B92 L38

Acreage:

0.5 Acre

APN (Assessor's Parcel Number):

1005074446319

Legal Description:

Rio Rancho Estates 
Unit 23 Block 92 Lot 38

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:

$2,000 > $1,800

Financing Price & Terms:

***To finance the price is $4,000 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 in the far west side of Rio Rancho Estates. Rio Rancho is just 20 minutes northwest of Albuquerque, NM and about 40 minutes driving from Albuquerque. Rio Rancho, NM which is the 3rd largest city in New Mexico and one of the fastest growing.

Description

All of the photos were taken in June of 2016 of the property and the surrounding views. This property has easy access and is a level property for easy and cost effective building. There was a good road to the property an excellent road prior to that. There were a few desert trees along with cactus and native plants. It was about 95 degrees out that day, but it was a nice dry heat that was welcome!  

There are power transmission lines to the south, but they were not invasive as like I first thought they would be. I couldn’t hear the crackling sound that you hear when closer to them and it was quiet with only the sound of the crickets! Beyond the power lines in the view are the Sandia Mountains to the SE and still a beautiful view.  

There was a cool earthship/home just down the road in walking distance. Looks like the owner is on a generator and wind power. They are the only neighbor nearby and still plenty of space between here and the property for privacy. 

Utilities and Development

Power is about 1-1.5 miles South so solar, generator, or wind power is recommended which is what the nearest neighbor has done. Currently a well would need drilled for water and a septic tank 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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