0.5-Acre Lot in Deming Ranchettes, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $1,975. Term options: 1 year at 0% ($156.33/mo); 2 years at 9% ($85.70/mo). Pay-in-full price: $1,777 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This approximately 0.5 acre recreational and residential property has frontage on Palo Alto Road SE, a good road. It is only 4 lots away from the intersection with Marana Road, the major road through the area. Just across the street is the border of hundreds of square miles of public land, state owned land and Bureau Of Land Management (BLM) land! You will be in a beautiful area east of the Florida Mountains with great views, and with Deming and its amenities being an easy 25 miles away. To the best of our knowledge electricity is 162 yards away, but it might be closer Unit 116 does not have subdivision restrictions. Half acre lots may now be buildable! Properties that are too small for a conventional septic system may now be buildable using advanced treatment systems or other options. To determine whether a property smaller than ¾ of an acre can qualify for a residential build, consult a liquid waste professional regarding the specific property that you are considering. The New Mexico Environment Department can advise you. You still will need a water well if you are not connected to a municipal water supply. This is possible with a ½ acre lot if conditions are right for a water well and for an advanced treatment system. You may also be able to use a well jointly with another land owner. For more information specific to Luna County call the county building and planning department: 575-546-0494.

Location

Deming Ranchettes, Unit 116 Block 1 Lot 5, 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.