1.18-Acre Lot in Timberon, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $8,975. Term options: 1 year at 0% ($739.67/mo); 2 years at 9% ($405.50/mo); 5 years at 9% ($184.25/mo); 9 years at 9% ($120.21/mo). Pay-in-full price: $8,077 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Lot 1 - 0.626 acre - 91 Gomez Drive Lot 2 - 0.557 acre - 82 Gomez Drive This great pair of adjacent lots can be combined for almost 1.2 acres. They are close to the eastern mountains which makes for incredible views. The elevation varies about 65 feet throughout the lots. You will probably pick your spot and level it when you are ready to build because you will have equipment then to remove trees and prepare the foundation. That is probably also when you will use your equipment to grade in along the road easements. The road has not been graded as far as these properties yet, you can choose to leave them as is or improve along the easement at any time that suits you. This could make a spectacular building site for a mountainside home. Alternatively, this could be your gorgeous base to camp when visiting the area and enjoying the Lincoln National Forest. You can enjoy your property while holding it for investment. Your property will be off grid, utilities have not been run to this area yet but power is about 330 yards away. This pair of lots is half a mile from the border of about 500,000 acres of US Forest Service Land! As of this listing, adjoining lots 3 & 4 are also available.

Location

Timberon, Unit 13, Block 177, Lots 1 & 2, Otero 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.