About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $8,425. Term options: 1 year at 0% ($693.83/mo); 2 years at 9% ($380.37/mo); 5 years at 9% ($172.83/mo); 7 years at 9% ($133.96/mo). Pay-in-full price: $7,582 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Here's a tremendous group of three adjoining lots that will be of interest to anyone who has been paying attention to economic developments in the area recently. Each lot is approximately 0.25 acre. You can leave them as they are in anticipation of rising real estate prices, or you can combine them to have an approximately 0.75 acre property that you could choose to build on now if you desire to do so. Utilities have not yet been run all the way into this area which is why we can still offer these lots for such a low price. Lots 23, 24, and 25 are located along platted Hunter Street. The Rio Del Oro Loop, which is the main road through the subdivision, is only about a quarter of a mile away. The Maravillas development is just over 0.75 mile away. You know what they say, "Follow the schools". Valencia High School is only about 0.4 mile away. Desert View Elementary School is about 1 mile away. Valencia Middle School is about 1.5 miles away. The University of New Mexico Valencia Campus is less than 3 miles away. NOTE FOR INVESTORS: We have no special or insider knowledge of the area. However In our listings we have added "Investor" next to properties that we think might be of particular interest to people who are excited about area growth and looking for investment. The properties that we tag with "investor" are in areas near existing development and/or in areas where we have been seeing interest from land investors.
Location
Rio Del Oro Investors, Unit 7, Block 34, Lots 23,24,25, Valencia County, NM
Outline shown is about 0.8 acres. Approximate boundaries from GIS or the seller, not a survey. Get a survey before you build or fence.
Owner Finance Terms
Owner finance agreements are subject to state and local laws. Always consult a licensed real estate attorney in NM before signing any agreement.
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