About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $9,975. Term options: 1 year at 0% ($823/mo); 2 years at 9% ($451.18/mo); 3 years at 9% ($314.05/mo); 5 years at 9% ($205.01/mo); 7 years at 9% ($158.90/mo). Pay-in-full price: $8,977 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is a great group of three adjoining lots. They are about 3/4 mile northeast of the new Rio Vista Development, where they are building 200 new homes plus commercial development. La Merced Elementary School is less about a mile away. They are about 1 1/2 miles west of the Manzano Expressway, and less than 1 1/4 mile east of Highway 47. They are about 1/3 mile from the De Haan Loop. All three lots have frontage along platted Pardee Avenue, which is a cul-de-sac. Lot 45 is a corner lot, at the intersection with Tahacchi Loop. Each lot is the standard 1/4 acre size, together they are 3/4 acre. 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. Additional Notes Investor
Location
Rio Del Oro Investors, Unit 49 Block 44 Lots 43,44,45, Valencia County, NM
Outline shown is about 0.8 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.
Find a NM Real Estate Attorney →Interested in this home?
Send the seller a direct message to ask questions, schedule a showing, or request terms.
Ownsley is a listing marketplace only. Always consult a licensed attorney before signing any RTO agreement. Learn more →