Affordable Undeveloped Land for Sale in the Western USA
951-723-5263
Rio Rancho Estates U8 B99 L20
$6,500
Discounted Cash Price
Sandoval County, NM
SOLD
0.5 Acre
- New Mexico Land for Sale –
Rio Rancho Estates U8 B99 L20
Acreage:
Acreage:
0.5 Acre
0.5 Acre
APN (Assessor's Parcel Number):
APN (Assessor's Parcel Number):
1008069224096
1008069224096
Legal Description:
Legal Description:
Rio Rancho Estates Unit 8 Block 99 Lot 20
Rio Rancho Estates
Unit 8 Block 99 Lot 20
Taxes:
Taxes:
$20/year
$20/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:
$6,500
$6,500
Financing Price & Terms:
Financing Price & Terms:
***To finance the price is $12,000 with down payment of $300 at 8% interest with monthly payments of
$200.
Reserve This Property Now
***To finance the price is $12,000 with down payment of $300 at 8% interest with monthly payments of
$200.
PROPERTY PHOTOS
PROPERTY PHOTOS
Location
Location
This 0.5 acre 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 8. 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
**Location Location Location!**
All the photos were taken in June 2016 of the property and the surrounding views. This is an excellent property for investment with growth just a block to the east and power in the block to the south with excellent access on a good road to the property. The property is fairly level and easily buildable. Homes are all around to the S and E so water should be good with an affordable water table and with power close this is an excellent property for future building. Southern Boulevard is a main road in this subdivision running from town just a block to the south of the property and it is paved!
There is a wash along the west side of the property possibly along the property line – a good think like a fence in my opinion so that there is drainage as well as separation from the neighbors in an area that is expected to grow over the next 3-5 years. Cactus are in bloom still and native grass with light sagebrush across the property.
Awesome area for recreation on quads, dirt bikes, ATV’s, etc. This unit will likely be annexed into the city limits on the next expansion of Rio Rancho, NM. Beautiful views of the Sandia Mountains to the east from the property.
Utilities and Development
Utilities and Development
The closest power is just a block to the south and electricity is hard to find outside of the main growth areas. Luckily there is growth east and south of this property! For water, you would need to either drill a well or use a holding tank. Nearby homes are a good sign of potable water and at an affordable depth. Septic would need to be installed for waste.
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