About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $29,750. Term options: 1 year at 0% ($2,470.92/mo); 2 years at 9% ($1,354.60/mo); 3 years at 9% ($942.89/mo); 4 years at 9% ($737.87/mo); 6 years at 9% ($534.48/mo); 8 years at 9% ($434.39/mo); 10 years at 9% ($375.61/mo). Pay-in-full price: $26,775 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This approximately 10.01 acre property is a nice corner lot with 737.53 feet of road frontage on the main road that runs through the subdivision. It also has 514 feet of road frontage on its east side. Power lines that run along the western side of the lot. The property sits towards the center of Unit 3 and is a nice mixture of wooded areas and open meadows. Lot 85 is primarily flat with a change in elevation of 35 feet throughout. Most of this elevation change occurs in the southeast corner of the lot and is very gradual. Buyer Notes No trees or heavy brush may be removed from a property while it is under loan contract. We might waive this requirement if a large down payment is made on the loan, but generally, you will need to wait until the property is fully paid off. 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. Electric Available
Location
Tierra Verde Ranchettes, Unit 3, Lot 85, Cibola County, NM
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.
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