About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $1,475. Term options: 1 year at 0% ($114.67/mo); 2 years at 9% ($62.86/mo). Pay-in-full price: $1,327 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This great approximately 1/2 acre property is about halfway between Highway 47 and the Manzano Mountains. This would give you a tremendous vacation spot close to the mountains, with breathtaking views that you must see in person. This could be your perfect recreational property. Valencia County allows you to camp or RV on your property for up to 30 days per year while you hold it for investment. If you want to RV, you will want to check out the roads first. They were graded long ago and nobody has driven on them lately. A pickup or SUV can probably go anywhere in the region, but for something like an RV you will need to evaluate the specific situation. We have not been to this property. Trigo Trailhead, Manzano Peak, Gallo Peak, and many other natural wonders await your exploration. Lot 10 was originally planned as a commercial property, but it was never developed. 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. Additional Notes Recreational / Investment
Location
Rio Grande Estates - Valencia, Unit 19, Block 431, Lot 10, Valencia County, NM
Outline shown is about 0.5 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.
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