0.38-Acre Lot in Timberon, 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); 3 years at 9% ($314.05/mo); 5 years at 9% ($205.01/mo); 7 years at 9% ($158.90/mo). Pay-in-full price: $8,977 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. 79 Baracuda Drive approx. 0.376 acre. Lot 17 is along Baracuda Drive, one of the better roads in the area. Water is one lot away. Electricity is about 350 feet away. The property has lots of trees. You will be less than 1 mile from the border of a gigantic acreage of National Forest Service land. Your views of the Sacramento Mountains will be wonderful, and you will have the legendary beauty of the Lincoln National Forest at your fingertips. Camping is allowed and RV's and travel trailers can be used as a temporary residence for up to 30 days each year. Water is one lot away, information is available from the water company: https://www.timberonwater.com/water-service For information on electricity, call the Otero County Electric Co-op at 575-682-2521. Elevation of the lot goes up approximately 40 feet from the road to the top of the lot. This beautiful property might be your dream homesite here next to the mountains, or you might choose to use it to camp or RV while holding it for investment. If and when you decide to build, you can re-contour the lot any way you see fit when you bring in a machine to dig your foundation.

Location

Timberon, Unit 12, Block 120, Lot 17, Otero 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.