5-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% ($823/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. Beautiful approximately 5 acre property, just over 1.5 miles from Variadero Mesa with great view. On platted Evalina Lane. Highway 104 is just over 1/2 mile away. if you look at the Google Maps link, you can see that the road along the east side of the property was graded in long ago but has not been driven on lately. You can see the old grading go south about ¼ mile then go over to intersect Highway 104. We don't know if the old easements are drivable as they are or if you would need to re-grade them in.

Location

Ranchos Lake Conchas, Unit 2 Block 26 Lot 5, 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.