1-Acre Lot in Rio Del Oro, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $9,175. Term options: 1 year at 0% ($756.33/mo); 2 years at 9% ($414.63/mo); 5 years at 9% ($188.40/mo); 8 years at 9% ($132.97/mo). Pay-in-full price: $8,257 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This fantastic group of lots is in the far eastern part of the subdivision. These four lots, each approximately a quarter of an acre, can be combined for approximately an acre. This can be your dream homestead, or treasured getaway spot. These lots are about 200 feet from public land and less than 600 yards from the border of about 100,000 acres of U.S. Forest Service land. The Manzano Mountains and Cibola National Forest are practically at your door! The mountain views are incredible. You will be about 2.5 miles from Bosque Peak, less than 5.5 miles from Capilla Peak, and about 5.5 miles from the Fourth Of July Trail. This group of lots can serve as your base of operations as you explore the majestic natural wonders of the Cibola National Forest and the Manzano Mountains. You can leave these properties as they are and hold them for investment while you vacation on them. or you can combine them to apply for a building permit. You can build your dream off grid home here and wake every morning to stunning mountain views. There are platted streets, legal access, on the north, west, and south sides of this great group of lots. This far east there's pretty much just natural beauty and some area ranching. Even though these lots are so close to the mountains, they are only about 1.5 miles from the Rio Del Oro Loop, which is the major road through the Rio Del Oro.

Location

Rio Del Oro, Unit 37, Block 68, Lots 7,8,9,10, 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.