About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $12,975. Term options: 1 year at 0% ($1,073/mo); 2 years at 9% ($588.24/mo); 5 years at 9% ($267.28/mo); 11 years at 9% ($154.01/mo). Pay-in-full price: $11,677 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is a beautiful 2.5 acre property about 9 miles south of Deming, New Mexico in Luna County. It is west of the Florida Mountains and north of the Tres Hermanas Mountains. You will have tremendous mountain views in this lightly populated area. You will be located along Cat Dancing Drive, about 168 yards from its intersection with Camino Tres SW. Electricity is only about 250 yards away. There are no property owners association and no home owners association. There aren't any subdivision restrictions. You can build your dream home, or use your property for occasional camping and RV trips for up to 30 days per year while holding it for investment. The legal description of this property is Rancho Mirage Estates, Lot 3.
Location
Rancho Mirage Estates, Luna County, NM
Outline shown is about 2.5 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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