0.5-Acre Lot in Deming Ranchettes, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $1,475. Term options: 1 year at 0% ($114.67/mo); 2 years at 9% ($62.86/mo). Pay-in-full price: $1,327 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This approximately 0.5 acre recreational and residential property has a fantastic location. It sits along Camino Siete SW one lot from its intersection with Castinado Road SW. There is a great view of the Florida Mountains to the east. Deming is about 11 miles to the north. This can be your dream off grid RV vacation spot. You can occasionally take getaway vacations to this pretty area while holding the property for investment. You will be about two thirds of a mile from state owned land and about 2 miles from the border of hundreds of square miles of public land, state owned land and Bureau Of Land Management (BLM) land! Half acre lots may now be buildable! Properties that are too small for a conventional septic system may now be buildable using advanced treatment systems or other options. To determine whether a property smaller than ¾ of an acre can qualify for a residential build, consult a liquid waste professional regarding the specific property that you are considering. The New Mexico Environment Department can advise you. If you intend to build a residence, please be aware that you will be off grid. Electrical service is not available this far out yet. You will need a water well. This is possible with a ½ acre lot if conditions are right for a water well and for an advanced treatment system. You may also be able to use a well jointly with another land owner.

Location

Deming Ranchettes, Unit 28 Block 12 Lot 24, Luna County, NM

Owner Finance Terms

Similar Homes in NM

Interested in this home?

Send the seller a direct message to ask questions, schedule a showing, or request terms.

Ownsley is a listing marketplace only. Always consult a licensed attorney before signing any RTO agreement. Learn more →

YourCheapLand is a family-owned business specializing in undeveloped land in the American Southwest, with lots in Arizona, New Mexico, Texas, Utah, Colorado and Oklahoma. Owner financing is what they are best known for: most lots can be bought with $99 down, with terms from 1 year at 0% to longer terms at 9%. The land suits off-grid homesteads, cabins, tiny homes, RVs, camping, hunting and recreation. Contact Mike and Samantha for details on any property.