2.5-Acre Lot in Rancho Rio Grande East, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $5,975. Term options: 1 year at 0% ($489.67/mo); 2 years at 9% ($268.44/mo); 6 years at 9% ($105.92/mo). Pay-in-full price: $5,377 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is a large approximately 2.5 acre property. Lot 77 is in the middle part of the subdivision, about halfway between the Manzano Mountains and Interstate Highway 25. This is a very pretty and secluded area where the main activity is ranching, yet you will only be about 4 miles from the Manzano Expressway. Valencia High School is less than 3 miles away. The road easement along the west side of the property looks like nobody has driven on it for a very long time. You can leave it as is if that's the way you like it, or you can grade in the original easements at any time. There's plenty of room for horses if you have any. The views of the Manzano Mountains are beautiful. There are no Property Owners Association (POA) or Home Owners Association (HOA). High quality cheap land like this is harder to come by. Buy now before the price inevitably goes up. Buyer Note No business or commercial activity of any kind is allowed involving a property under loan contract. Any plans you might have of a commercial nature must wait until the property is paid for in full and ownership has been transferred to you.

Location

Rancho Rio Grande East, Unit 15E, Lot 77, Valencia County, NM

Owner Finance Terms

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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.