About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $13,750. Term options: 1 year at 0% ($1,156.33/mo); 2 years at 9% ($633.92/mo); 5 years at 9% ($288.04/mo); 10 years at 9% ($175.78/mo). Pay-in-full price: $12,577 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Holy cow, take a look at this great group of 5 lots. They wrap around the end of Block 13, with both Lot 13 and Lot 14 being corner lots. Lots 13 and 14 have frontage along platted Wonder View Street, While Lot 13 also has frontage along Abajo Avenue and Lots 14, 15, 16, and 17 have frontage along Maxson Avenue. You can keep this group of five lots separate or combine them for approximately 1.25 acres of great residential property. They are only about 0.1 mile from Rio Placido Boulevard and only about 0.35 mile from its intersection with the Rio Del Oro Loop, the major road through the subdivision. The residential community of Las Maravillas is also only about 0.35 mile away. Valencia High School, Valencia Middle School, and Desert View Elementary School are each only about a mile away. The Manzano Expressway is less than a mile away. Utilities have not yet been run to this part of the subdivision. NOTE FOR INVESTORS: We have no special or insider knowledge of the area. However In our listings we have added "Investor" next to properties that we think might be of particular interest to people who are excited about area growth and looking for investment. The properties that we tag with "investor" are in areas near existing development and/or in areas where we have been seeing interest from land investors. However we are not financial consultants, you must do your own due diligence. Cheap land of this high quality is getting more difficult to find.
Location
Rio Del Oro Investors, Unit 8 Block 13 Lots 13,14,15,16,17, Valencia County, NM
Outline shown is about 1.2 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.
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