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); 6 years at 9% ($105.92/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. This is a large approximately 2.5 acre property. Lot 229 is in the eastern part of the subdivision, nearer the majestic Manzano Mountains and farther away from people. The road easement along the east side of the property looks like nobody has driven on it for a very long time, however there is an existing trail road near the south side of the property. You can leave it as is if that's the way you like it, or you can grade in the original easements at any time. There's plenty of room for horses if you have any. The views of the Manzano Mountains are beautiful. Although you will be in a nice secluded area, you will only be about 4.5 miles from the Manzano Expressway. There are no property owners association or home owners association. Buyer Note No business or commercial activity of any kind is allowed involving a property under loan contract. Any plans you might have of a commercial nature must wait until the property is paid for in full and ownership has been transferred to you.
Location
Rancho Rio Grande East, Unit 16E, Lot 229, Valencia County, NM
Outline shown is about 2.5 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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