About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $5,950. Term options: 1 year at 0% ($487.58/mo); 2 years at 9% ($267.30/mo); 3 years at 9% ($186.06/mo); 4 years at 9% ($145.60/mo); 5 years at 9% ($121.46/mo); 6 years at 9% ($105.47/mo). Pay-in-full price: $5,355 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. You can combine these two adjoining lots to have a nice 1.7 acre homestead property with road frontage on its south side. Electric lines are only about 0.23 mile away. Camp or RV up to 3 months per year while you hold for investment, or build your dream home. If and when you build is up to you. Cheap land like this will not last, you should buy before the price inevitably rises. 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. Electric 0.23 Mile Away
Location
Estancia Ranchettes, Unit 7 Block 6 Lots 43 & 44, Torrance County, NM
Outline shown is about 1.7 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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