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); 3 years at 9% ($186.86/mo); 5 years at 9% ($121.98/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 approximately 1 acre property is just over half a mile north of Highway 60. Lot 8 is a corner lot. There is a dirt road along the north side of the property, Esquibel Avenue, and along its east side is platted Chacon Street. You can camp or RV without restriction while holding the property for investment, or you can apply for a building permit and build your dream off grid home. You will enjoy nice mountain views, a fairly secluded area, yet Highway 60 is nearby. Cheap land is getting harder to find. You should buy now before the price inevitably increases.
Location
Rio Grande Estates - Socorro, Unit 1, Block 32, Lot 8, Socorro County, NM
Outline shown is about 1 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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