About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $5,975. Term options: 1 year at 0% ($489.67/mo); 2 years at 9% ($268.44/mo); 3 years at 9% ($186.86/mo); 4 years at 9% ($146.22/mo); 5 years at 9% ($121.98/mo). Pay-in-full price: $5,377 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Property Overview This is virtually unrestricted land for sale in New Mexico. Rio Grande Estates is a mostly undeveloped subdivision in Socorro County. You can RV or camp on your property indefinitely while you hold it for investment. Or you can build your dream off grid homestead. There are no subdivision restrictions, you just have county and state regulations. Utilities have not been run to this property. You will have great mountain views. There are no Property Owners Association or Home Owners Association. Property Description and Access Lot 6 is a large, approximately 1 acre property. It is in a nice secluded area. However it is only just more than a mile north of Highway 60. This is one of those great have your cake and eat it too situations, a nice quiet area yet a highway is nearby. Lot 6 is along platted Lopez Avenue. This street was graded in long ago, and has faded because nobody has been driving on it. There is a section of a plat map in the slideshow. You can also see where the road was graded when you look at the property from above in Google Maps using satellite view. You can leave the road easements as they are, or you can re-grade them. Power is about half a mile away. Property Location Driving Directions There are several possible ways to go. You should look at the area in Google Earth or Google Maps (satellite view) to plan your route. Turn north off of Highway 60 at. 0.72 mile later at turn right, roughly northeast.
Location
Rio Grande Estates - Socorro, Unit 1, Block 22, Lot 6, Socorro 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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