About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $1,475. Term options: 1 year at 0% ($114.67/mo); 2 years at 9% ($62.86/mo). Pay-in-full price: $1,327 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This nice approximately 1/2 acre property has northern frontage on platted Santo Domingo Road. It is just over 1/2 mile from the S Navajo Loop and less than 2 miles from the intersection of Highway 47 and S Navajo Loop. You can see from the satellite view in Google Maps that the road along the north side of the property was graded in long ago. You can choose to leave it as it is or re-grade it for improved access. There is a dirt road about 200 yards to the west that is in use. 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
Rio Grande Estates - Valencia, Unit 3, Block 75, Lot 13, Valencia County, NM
Outline shown is about 0.5 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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