About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $5,975. Term options: 1 year at 0% ($489.67/mo); 2 years at 9% ($268.44/mo); 5 years at 9% ($121.98/mo). Pay-in-full price: $5,377 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. These four approximately 0.5 acre lots can be kept separate or combined for a great big 2 acre property, or even two 1 acre properties. Combined they have roughly 460 feet of frontage on Lechuga Road and are about 200 feet deep. Electric lines run along Hermanas Road, a paved road just 271 yards away. Downtown Deming is 15 miles away and the Florida Mountains are about 9 miles to the east. If you are going to build a residence, you will want to contact the county road department to apply to have the road past your property maintained. The road department works with the county commissioners to inspect candidate roads, and once per year they add roads to be maintained by the county.. Cheap land that is such a desirable off grid homestead is getting harder to find. Buy now before the price inevitably goes up.
Location
Deming Ranchettes, Unit 64 Block 4 Lots 12,13,14, & 15, Luna County, NM
Outline shown is about 2.1 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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