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    October 18, 2017

1.14 ACRES ONLY $1DN, $199/MO

1.14 Acres - Rio Rancho, New Mexico 87124

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Property Description

This plot is part of the existing Rio Rancho Estates subdivision, which is just outside of Rio Rancho, the third largest and one of the fastest-growing cities in New Mexico.

This particular parcel is part of the undeveloped area just north of Rio Rancho that is located within the catchment basin of the Rio Rancho Estates Area Plan (drafted by Sandoval County). According to Sandoval County, about 1,280 people live in this area, mostly in mobile or manufactured homes.

The lot is about 25 minutes to Rio Rancho, 45 minutes to Albuquerque and 1 hour and 20 minutes to Santa Fe.

The area is zoned CD-RRE (rural residential), which allows for single-family homes, including mobile homes, and agricultural uses according to our research.

CASH DISCOUNT PURCHASE PRICE $2,999 + $395 DOCUMENT FEE

We accept payment via PayPal, wire transfer, ACH transfer, and Zelle.

SELLER FINANCING AVAILABLE

$1 down with a $299 document fee and $199 per month for 23 months at 0% APR. No prepayment penalty. No credit checks.

HOLD PRICE $25

For $25 we can hold the property for you for 72 hours while you decide whether you want to purchase. If you buy the property, this will count toward the purchase price.

TITLE AND USE

What you can or cannot legally do on the land is controlled by the local government, not by us or any seller. Please contact the county, providing them with the parcel number, to confirm zoning, access, and available utilities.

ABOUT RIO RANCHO ESTATES

According to the Rio Rancho Estates Area Plan, The area of south central Sandoval County, now known as Rio Rancho Estates, is made up of a portion of the Town of Alameda Land Grant, dating from Spanish settlement in the 1700s, as well as a portion of the King Ranch. During the years from 1960 to 1975, the American Realty and Petroleum Corporation (AMREP) purchased 90,000 acres of this land and subdivided it into thousands of lots, mostly one-half and one acre parcels. Through an extensive advertising campaign, many of these properties were sold to individuals from all over the world.Rio Rancho emerged in this process as an urban area, and in 1981, incorporated. Through successive annexations, Rio Rancho became one of the fastest growing cities in the United States and now holds more than 85,000 residents, including just over half of the original AMREP land holdings.The remaining unincorporated area of roughly 60 square miles, and 43,629 acres.

LOT DETAILS

Assessors Parcel Number: R127968

Account Number: 1-004-071-141-447

Legal Description: Legal: Subd: Rio Rancho Estates Block: 21 Lot: 183 Unit: 1

Approximate Elevation: 6130 Ft

GPS Coordinates (approx.):

Please note that the GPS coordinates are approximate. They come from public assessor GIS data and are fairly accurate, but to find the exact boundaries of the property, it is best to hire a local surveyor.

Center: 35.2883, -106.8279

35.2890,-106.8278

35.2888,-106.8275

35.2875,-106.8280

35.2876,-106.8283

Annual Taxes: $24.86

Zoning: Rio Rancho Estates Community District (CD-RRE)

Time Limit to Build: None as far as we are aware

Access: Dirt Road

Power: Electricity would likely have to be solar or another alternative system.

Water: A well would need to be installed.

Sewer: A septic system would need to be installed. Please note that a perc test has not been done.

Median Home Value Estimate (Zipcode):

According to Zillow $168,900

This lot is ~3% of the median home value estimate.

Contacts: Sandoval County Planning and Zoning 505-867-7628

Basic Details
Property Type : Owner Financing
Listing Type : For Sale
Listing ID : 4269999
Price : $2,999
View : Pasture
Year Built : 0
Acres : 1.14 Acres
Address Map
Country : US
State : NM
County : Sandoval County
City : Rio Rancho
Zipcode : 87124
Terrain : Flat
Zoning : Residential
Longitude : W107° 10' 19.6''
Latitude : N35° 17' 17.9''
Owner Financing For Sale
  • Listing ID : 4269999
  • Acres : 1.14 Acres
$2,999
View Agent’s Properties and Profile:
Gokce Capital LLC
82 Nassau St #803
Contact Seller
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