Affordable Undeveloped Land for Sale in the Western USA
951-723-5263
Rio Rancho Estates U7 B40 L41
$12,500 Discounted Cash Price
Sandoval County, NM
SOLD
1.6 Acres
- New Mexico Land for Sale –
Rio Rancho Estates U7 B40 L41
Acreage:
Acreage:
1.6 Acres
1.6 Acres
APN (Assessor's Parcel Number):
APN (Assessor's Parcel Number):
1007072356333
1007072356333
Legal Description:
Legal Description:
Rio Rancho Estates Unit 7 Block 40 Lot 41
Rio Rancho Estates
Unit 7 Block 40 Lot 41
Taxes:
Taxes:
$34.84/year
$34.84/year
Dues:
Dues:
$0/year
$0/year
Approximate GPS Coordinates:
Approximate GPS Coordinates:
(Click Coordinates to open in Maps)
(Click Coordinates to open in Maps)
Terms:
Terms:
**The price listed is the cash price only. Once full payment is received, along with the $250
fee for document preparation, Title will be transferred by deed to buyer. Buyer has opportunity to close through a local title company at their expense.
**The price listed is the cash price only. Once full payment is received, along with the $250
fee for document preparation, Title will be transferred by deed to buyer. Buyer has opportunity to close through a local title company at their expense.
Cash Price:
Cash Price:
$12,500
$12,500
Financing Price & Terms:
Financing Price & Terms:
***To finance the price is $19,000 with down payment of $1,000 at 8% interest with monthly payments of
$250.
Reserve This Property Now
***To finance the price is $19,000 with down payment of $1,000 at 8% interest with monthly payments of
$250.
PROPERTY PHOTOS
PROPERTY PHOTOS
SURVEY PLAT MAP
SURVEY PLAT MAP
Location
Location
This rare 1.6 acre chunk of New Mexico land for sale is located in Sandoval County, in the city of Rio Rancho, NM. The property sits just outside the city limits of Rio Rancho Estates in Unit 7. Rio Rancho is just 20 miles northwest of Albuquerque, NM and about 40 minutes driving from Albuquerque. Rio Rancho, NM which is the 3rd largest city in New Mexico and the fastest growing.
Description
Description
**5 Stars for rare over-sized property for area with unique beautiful landscape! Plus, 2008 SURVEY INCLUDED!**
All of the photos were taken in June of 2016 of the property itself and the surrounding views. It was quiet as can be on this property with a few crickets here and there with several desert trees and tall native grass and plants with just a few cactus in bloom. This was such a beautiful property and with all of the land I have explored in this area this one was by far my favorite parcel itself. This chunk of land and the surrounding area of Unit 7 traveling to and from the parcel has some of the most character of anywhere in Rio Rancho and very unique!
This parcel is unique also due to the 1.6 acres as most Lots in Rio Rancho are only 0.5 acres. It is also locate close to town, but far enough away for privacy as well. Views of the Sandia mountains to the W and because the property is uniquely elevated there are views of Rio Rancho and Albuquerque in the distance. I bet there are amazing sunsets and views of the lights in the distance at night from the high points! Such a cool property! The photos don’t do it justice.
For the price, size, uniqueness, terrain, character, views, privacy, etc, this is one of the better properties to purchase throughout all of Rio Rancho in my opinion and I have seen the entire subdivision!
There was growth to the NE, E, and S so I suspect in 3-5 years there will be better access to this area. For the 1st drive out to the property I would recommend a 4x4 as the road does have some areas in need of improvement, but I was in a jeep and I was NOT using 4x4 so it can be done with a small truck. A car may not be enough though. I rented a jeep in town.
Utilities and Development
Utilities and Development
The nearby homes mean good water with a reasonable well depth. You will want to contact a local well driller for better information, but that is always a good sign. Nearby homes built above average also means future equity through appreciate to property values.
I did not see power poles close, so either the power is where the nearby homes are or they are using solar, wind, or generator power. The power may also be power underground in this area so you would want to contact the local power company for more information.
Rio Rancho Estates Subdivision
Rio Rancho Estates Subdivision
Outside of the investment value of this New Mexico land for sale, this is an excellent place to live and play. West of this subdivision are tons of trails for ATV, dirt bikes, 4x4, hiking, horseback riding, golfing, etc. With quick access to town, but without the high costs and taxes this is an excellent property for a home site or a great place to pull up an RV and have some fun.
There is a ton of upside investing in Rio Rancho, NM land including having a minimal annual tax liability with no association or dues. This means you can hold this property long term without having the high yearly expense than many other investment properties typically have.
The city center is only about a 3 miles drive east where you can find the Santa Ana Star Center, University of New Mexico West, Central New Mexico Community College, UNM Sandoval Regional Medical Center, Hewlett Packard, and City Hall! Further south in Rio Rancho you will even find Intel which says to me that this area will continue to provide jobs and growth for years to come.
We have extensive experience in this area throughout the years and each time I have visited it seems more commercial growth and major buildings have been completed.
Find out more about Rio Rancho, NM here: Rio Rancho Convention & Visitor’s Bureau