About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $2,975. Term options: 1 year at 0% ($239.67/mo); 2 years at 9% ($131.39/mo); 3 years at 9% ($91.46/mo); 4 years at 9% ($71.57/mo). Pay-in-full price: $2,677 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is a great pair of adjoining 1/2 acre lots that you can keep separate or combine to have a large 1 acre homestead property. If you are looking for an off grid homestead in a beautiful area with great mountain views, look no further! As far as we can tell, nobody is living within a mile. This is certainly one of the lesser developed areas of the Deming Ranchettes, there are no available utilities. You will probably choose solar for power, have propane delivered, and water wells in this area are typically 100 to 300 feet deep. Along their north side they front on Hondale Road, which intersects with Visora Road at the west end of the block, and Cancion Road at the east end of the block. They are east of the Florida Mountains with great views, and downtown Deming is about a 28 mile drive away. About 3/4 mile to the east is the border of hundreds of square miles of public land, state owned land and Bureau Of Land Management (BLM) land. You will be far enough from town to enjoy rural living, but close enough that all those amenities are just a short drive away. Cheap land of this high quality is increasingly hard 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
Deming Ranchettes, Unit 123 Block 1 Lots 10 & 11, Luna 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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