1-Acre Lot in Luna County, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $2,975. Term options: 1 year at 0% ($239.67/mo); 2 years at 9% ($131.39/mo); 4 years at 9% ($71.57/mo). Pay-in-full price: $2,677 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. These are two adjoining 1/2 acre lots in Luna County, New Mexico. You can combine them to have an approximately 1 acre property. Generally you need at least 3/4 acre to qualify for a building permit with a conventional septic system. They are Lots 3 and 4 in Block 4 of Enchanted Valley Estates, a completely undeveloped subdivision. There are no subdivision restrictions. As far as we can tell, there is currently nobody living within a mile of these properties. That is one of their main attractions, as well as spectacular views of the Florida Mountains. You will be about 6.3 miles southeast of the Deming exit on Interstate Highway 10; less than 4 miles from the Rockhound State Park Visitors Center; and about 2 miles from the Basin Range Geolapidary Museum. When these lots were subdivided, their northwest and northeast corners were marked with steel rods. We have not been to these properties. From satellite mapping we can see that the subdivision's roads were graded long ago, and are overgrown because nobody has been driving on them. We do not know whether you can drive to these properties with no problem in a pickup or SUV, or whether some road grading would be necessary. You will need to determine access for yourself. In addition to the usual satellite photos, in the slideshow we also put some Google Street View photos taken in the direction of these properties from several different angles, to give you a feel for the area. You will be off grid with no available utilities.

Location

Enchanted Valley Estates, Luna 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.