GORGEOUS 1-½ ACRES (Each lot is 1/2 an acre) LAND IN RIO RANCHO ESTATES, NEW MEXICO
Land is approximately 3 miles from the new development!
Why own in this area?
Rio Rancho is the fastest growing city in New Mexico anchored by Intel as its major employer. Other Fortune 500 firms with headquarters in Rio Rancho are Sprint, Bank of America, Victoria's Secret and JC Penny. Hewlett-Packard started breaking ground and will provide 1,300 jobs with their customer service and technical support center . Business is booming with the new Lowe's Home Improvement Warehouse near its completion at Northern and 40th street. A Texas based petroleum refining and marketing company has already begun work nearby on a multi-use retail complex which will include a filling station, car wash and convenience store. Presbyterian Healthcare Services says the construction timetable for its Rio Rancho hospital remains on target despite a market-related change in its financing arrangements. Rio Rancho and Albuquerque are fast becomming meccas for call centers as well generating many jobs in the metro area.
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New Development.pdf Size : 2630.81 Kb Type : pdf |
I went to Rio Rancho several years back. I still remember how the 15 minute drive from Albuquerque to Rio Rancho went by fast. Before I knew it, I was in a beautiful growing city with all the amenities and facilities you could expect from a big city yet it had kept it’s small town charm. As I turned North on Rio Rancho Blvd. I noticed the NM Highland University, Intel, Medical buildings and the Rio Rancho Golf & Country Club. Everywhere I looked there were new developments taking off. No wonder this is the fastest growing community in all of New Mexico.
Great view of the Sandia mountains from this growing city and to the North and East wide open spaces with clean air and just a few scattered homes. Great place to raise a family.
This property is located approximately 33 miles from Albuquerque and only 60 miles from Santa Fe. From Albuquerque take Fwy 25 North (toward Santa Fe). Transfer to Hwy 528 North. Pass the Rio Grande and when you get to Iris Rd NE make a left (East). On Paseo Volcan make a left. This turns into 28th Ave NE. On 14th St NW make a right (North). On 32nd Ave NW make a left (West). Go almost to the end of the street, before 17th St NW, lots are on the right hand side of the road. See street map and plat map for directions to exact lot.
Legal Description: Rio Rancho Estates Unit 23 Block 7 lots 4, 5, and 6 (these last three are adjoining lots).
Size: 1.5 Acre (½ Acre each Lot).
Terrain: Flat level and distant mountain views.
Zoning: Residential. There are no association fees or time limits to build on this property. Doubled-wide Mobil homes are allowed.
Electricity: Not sure how far from lot. Alternative would be Solar or generator.
Water/Septic: Would be by Well/Septic.
Road: All lots have road frontage. This is a legally recorded subdivision so you have guaranteed legal access to lots through road or easements, so no parcel is landlock although not all roads are bladed in.
Conveyance document: Special Warranty Deed. You will own 100% of property.
Taxes: Approximately $100.00 per year. Taxes are current.
Prices is $4,500.00 per lot with 0% interest and no pre-payment fees. You will have 36 monthly payments of $125.00 per lot. If you want all three lots, the price remains the same but I could extend the time of the land contract and work on a monthly payment.
You may choose to give a down payment to lower your monthly payments. There is a 15% discount if you decided to pay cash for property, instead of financing it.
There is a $99.00* processing fee required to initiate transaction.
For questions or if you prefer to send your payment by check, Contact us.
Adjoining lots marked in Blue.
*If after you have submitted your initial processing fee you have changed your mind on your purchase, please contact us within 72 hours of sending payment to receive a full refund. After 72 hours, the initial processing fee is non-refundable. If you should later change your mind after the 72 hour period and you do not complete the transaction, the the initial payment is held for liquidated damages, as we had reserved the land for you and did not sell it to anyone else, therefore, incurring loss.
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