About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $27,950. Term options: 1 year at 0% ($2,320.92/mo); 2 years at 9% ($1,272.37/mo); 4 years at 9% ($693.07/mo); 6 years at 9% ($502.03/mo); 8 years at 9% ($408.02/mo); 10 years at 9% ($352.80/mo); 12 years at 9% ($316.95/mo). Pay-in-full price: $25,155 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This beautiful approximately 11.07 acre property is mixed woods and meadow with the eastern part being mostly clear. There is a gradual 30 foot change in elevation over its length, allowing you to choose from higher or lower ground. The property fronts on the main trail road through Unit 3 of Tierra Verde Ranchettes, an undeveloped remote subdivision along the continental divide. Power is only 255 yards away. For details on having electricity run to this property, contact the Continental Divide Electric Cooperative. You will probably use catchment for water and solar for electricity unless you have power run to Lot 74. Lot 74 is in a gorgeous area. You will be only 1/3 mile from the El Malpais National Conservation Area. This is a designated significant geological, archaeological, ecological, cultural, scenic, scientific, and wilderness area. The peak of Cerro Leonides is less than 1.5 miles away. There are no Property Owners Association (POA) or Home Owners Association (HOA). You can build your dream home, or RV/camp indefinitely while holding the property for investment. ! Cheap land of this high quality is becoming harder to find. You should buy now before the price inevitably goes up. 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. Electric Nearby
Location
Tierra Verde Ranchettes, Unit 3, Lot 74, Cibola County, NM
Outline shown is about 11.5 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 →