5-Acre Lot in Rancho Rio Grande East, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $7,975. Term options: 1 year at 0% ($656.33/mo); 2 years at 9% ($359.81/mo); 5 years at 9% ($163.49/mo); 7 years at 9% ($126.72/mo). Pay-in-full price: $7,177 (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 5 acre property. Lot 249 is just under 10 miles east of Belen, about halfway between Interstate 25 and the Manzano Mountains. This is a quiet area with few people, and the Manzano Mountains views are fantastic. There are access easements around the perimeter of every property in this area. If you look at the Google Maps link you will see that long ago the easement along the west side of Lot 249 was graded in. It has faded with disuse, it looks like nobody has driven along there in decades. You can leave it as it is, wear them in by driving on them, or you can grade in along the easements to improve access any time that you care to do so. This is a great off grid homestead opportunity. The area is secluded and there isn't much going on around here except for ranching. Cheap land like this is getting difficult to find, you should buy now before the price inevitably goes up. Buyer Notes 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 9E, Lot 249, Valencia 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.