About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $11,975. Term options: 1 year at 0% ($989.67/mo); 2 years at 9% ($542.55/mo); 5 years at 9% ($246.53/mo); 10 years at 9% ($150.44/mo). Pay-in-full price: $10,777 (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 group of 3 adjoining commercially platted lots. They are Unit 3, Block 26, Lots 48, 49, and 50. They are about 2.75 miles east of the high school and less than half a mile south of the Rio Del Oro Loop, the major road through Rio Del Oro. This group of lots is at the intersection of platted Riverview Loop and Rio Seco Drive. Lot 48 and Lot 49 are standard size 0.25 acre lots, but Lot 50 being the corner lot is huge, approximately 0.575 acre. Combined these three properties are over an acre. Some of these properties were subject to annual fees from the Valley Improvement Association. The Valley Improvement Association has helped to promote the area as well as providing benefits for the owners. Effective January 1, 2024, Valley Improvement Association, Inc, will no longer impose an annual assessment on properties that were subject to an annual assessment. Taxes are under $20 per year per lot and are current.
Location
Rio Del Oro Commercial, Unit 3 Block 26 Lots 48,49,50, Valencia 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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