1.9-Acre Lot in Estancia Ranchettes, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $5,950. Term options: 1 year at 9% ($487.58/mo); 2 years at 9% ($267.30/mo); 4 years at 9% ($145.60/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. This is great residential rural land. You can build your dream homestead here. These two adjoining lots give you a total of approximately 1.9 acres. These are nice flat properties with platted road frontage on their south side that you can leave as is or grade in as you see fit. Very close to two good maintained dirt roads that run through the subdivision. You can treat these lots separately or combine them for one large property. There is no requirement that you build, and no time limit. You can camp or RV on your properties for up to 3 months per year while holding them for investment. They are just over 2.5 miles south of Interstate Highway 40, close enough for convenience but far enough for the peace that you're looking for. Utilities have not been run this deep into the subdivision yet, you will be living off grid. There are no homeowners association (HOA) or property owners association (POA). There are no subdivision restrictions. Utilities have not been run to this part of the subdivision yet. Electricity is about 1/2 mile away. Driving directions: From the intersection of State Highway 41 and Interstate 40 in Moriarty. Drive east on Interstate 40 for about 7.5 miles. Take Exit 203 toward County Road A123. 350 feet later turn left onto Old Route 66. After 0.8 mile turn right onto Rosa Dr W (County A125). 2.6 miles later turn right at. 161 yards later the southeast corner of these properties will be on your right.

Location

Estancia Ranchettes, Unit 2A Block 1 Lots 23 & 24, Torrance 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.