5.13-Acre Lot in Ranchos Lake Conchas, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $9,975. Term options: 1 year at 0% ($823/mo); 2 years at 9% ($451.18/mo); 3 years at 9% ($314.05/mo); 4 years at 9% ($245.76/mo); 5 years at 9% ($205.01/mo); 6 years at 9% ($178.02/mo); 7 years at 9% ($158.90/mo). Pay-in-full price: $8,977.50 (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 approximately 5.13 acre property less than 1/5 mile from Highway 104. It is also less than 1/5 mile from power. The back line of the property runs roughly in the middle of an arroyo, and there is a 100 foot easement for its drainage as it carries water to Conchas Lake.

Location

Ranchos Lake Conchas, Unit 2 Block 22 Lot 7, San Miguel 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.