1.2-Acre Lot in Rio Grande Estates - Socorro, 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); 3 years at 9% ($186.86/mo); 4 years at 9% ($146.22/mo); 5 years at 9% ($121.98/mo). Pay-in-full price: $5,377.50 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Property Overview This is virtually unrestricted land for sale in New Mexico. Rio Grande Estates is a mostly undeveloped subdivision in Socorro County. You can RV or camp on your property indefinitely while you hold it for investment. Or you can build your dream off grid home. There are no subdivision restrictions, you just have county and state regulations. Utilities have not been run to this property. You will have great mountain views. There is no POA and no HOA. Property Description and Access Lot 25 is a large, approximately 1.2 acre property. It is in a nice secluded area. However it is only about 2/3 mile north of Highway 60, and less than 2 miles from the intersection of Highway 304 and Highway 60. The property is slightly downhill toward the arroyo bordering along the west and south. There are legally platted road easements to the property. The roads by this property were graded in long ago, and have faded because nobody has been driving on them. The plat map in the slide show will tell you this property is at the intersection of platted Peralta Place and Esquibel Avenue. You can also see where the roads were graded when you look at the property from above in Google Maps using satellite view. You can leave these platted roads as they are, or you may choose to re-grade them. Power is about 1/3 mile away to the south and 1/2 mile away to the northeast. Property Location Driving Directions We have not been to this property.

Location

Rio Grande Estates - Socorro, Unit 1, Block 19, Lot 25, Socorro 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.