SUPPORT@HEMINGWAYLAND.COM
AT CHECKOUT YOU’LL BE ASKED TO PLACE A NON-REFUNDABLE EARNEST MONEY DEPOSIT OF $500.
TERMS OFFERED: 20% DOWN PAYMENT OF $4,800, 9,9% INTEREST RATE, $400 MONTHLY PAYMENT, 60 MONTH TERM
LOCATION & SIZE
| COUNTY, STATE | Torrance County, New Mexico |
| LOT SIZE | 8.21 Acres |
| NEAREST TOWN | Moriarty |
| STREET ADDRESS | Not Designated |
| ZIP CODE | 87035 |
ACCESS & UTILITIES
| LEGAL ACCESS | Yes |
| ACCESS ROAD | Palomino Drive |
| ACCESS CONDITION | Well Maintained Gravel Roads |
| ACCESS FRONTAGE | Undefined |
| POWER | ½ Mile West Of Subject Property |
| PHONE | ½ Mile West Of Subject Property; Mobile/Satellite |
| WATER | By Well or Holding Tank |
| SEWER | Septic Or Alternative System |
LEGAL INFORMATION
| LEGAL DESCRIPTION | Moriarty Heights, Tract 3, Block 16, Lots 16, 17 & 18 |
| PARCEL NUMBER | 1053051129153000000, 1053051103167000000 & 1053051077177000000 |
| ACCOUNT NUMBER | R021094, R021095 & R021096 |
| ANNUAL TAXES | $327.00 |
ZONING & RESTRICTIONS
| ZONING | Rural Residential (Click Here) |
| HOA | None |
| COVENANTS, CONDITIONS & RESTRICTIONS | Yes (Click Here) |
| ANNUAL DUES | None |
| TIME LIMIT ON BUILDING | None |
TITLE INFO
| TITLE | Free & Clear |
| LIENS & ENCUMBRANCES | None |
| MINERAL RIGHTS | None |
| RECENT SURVEY | None |
| TITLE INSURANCE | None |
| CONVEYANCE DOCUMENT | Special Warranty Deed |
| SUGGESTED TYPE OF CLOSING | Title/Escrow |
| DOC PREP FEE | Waived |
LOCATION & SIZE
The subject property is 8.21 acres and is a combination of three adjacent lots located along Palomino Drive in Moriarty Heights, a residential community situated east of Moriarty and just south of Interstate 40.
Located within forty minutes of Albuquerque, this community is comprised largely of mobile and manufactured homes on parcels with an average lot size being +/- 3 acres. Because of this, many of its residents are transplants from the nearby Metro area who prefer the wide-open spaces and privacy afforded them in this quiet country setting.
LEGAL INFORMATION
When we speak of property we typically use an address — 123 Main Street for instance.
As most vacant land does not have a physical address, however, county governments will identify it in other ways, such as a “legal description”, a parcel number or a tax code. The information provided in the table above are the ways in which the various state and county agencies will identify this specific parcel of land. These signifiers are important to have when speaking with these agencies – whether they be the assessor, the zoning office, or even the local utilities – and may prove invaluable when initiating conversations about whatever research a buyer intends to do.
Whenever one exists or has been assigned to the land, the physical address will be included in this table.
ACCESS & UTILITIES
Roads & Access: The subject property is located along Palomino Drive. Like all of the roads in this region, Palomino is a well-maintained gravel road which should be easy to navigate in any vehicle type.
Power & Utilities: While residential power lines and underground utilities can be found throughout the Moriarty Heights subdivision, along Palomino Drive they stop a half mile west of the subject property at the nearest developed home site. As most of the roads in this region are outfitted with these utilities, it’s likely that the remainder of Palomino Drive is either already ear-marked to have these services extended or can easily be done for anyone developing a home in the region. Anyone looking to investigate the costs associated with getting service extended to the subject property is encouraged to contact the Central New Mexico Electric Cooperative, the local utility servicing this region.
ZONING & RESTRICTIONS
Zoning: Moriarty Heights is zoned Rural Residential, a designation which allows for residential development including mobile and modular homes as well as certain agricultural uses. To learn more about the RR Zoning Designation, please see the PDF linked here.
No HOA: Despite being a well-maintained region with nice roads, utilities and many respectable home sites, the Moriarty Heights subdivision has no HOA and no annual dues associated with land ownership.
Covenants, Conditions & Restrictions: When the Moriarty Heights subdivision was created in the early 1970’s, the developer drew up a set of covenants and restrictions to run with the land. While most of these are what we like to refer to as “reasonable, good neighbor restrictions” dealing primarily with the disposal of trash and prohibitions on excess noise, there are a few covenants that deal with acceptable structures for the region as well as minimum square footage requirements of those structures. Because of this, anyone considering purchasing the land is encouraged to review the Moriarty Heights Covenants and Restrictions document found here.
Covenants, Conditions & Restrictions, Cont’d: Notable conditions enumerated in the above-linked CCR document include the following: No SFR may be smaller than 750 square feet; Mobile and modular homes must be at least 600 square feet; Anyone using a mobile home as a permanent dwelling must have a concrete foundation and permanent apron applied within six months of ground-breaking; Lots may not be subdivided or used for non-residential purposes.
TITLE INFO
Conveyance Document: This property will be conveyed one of two ways depending on how the buyer elects to fund and close the transaction. For anyone electing to pay our Company directly and outside of escrow, Hemingway Land will provide a Special Warranty Deed. For anyone electing to close through title and escrow and purchase title insurance, Hemingway Land will provide a Warranty Deed.
HELPFUL LINKS
The Hemingway Land Company does our best to represent the properties we list as accurately as possible. Our research, however, will always be limited.
Because of this, included in the table to the right is a list of the relevant state and county governments, agencies and authorities as well as local utilities (and all their respective websites and contact information) which should help to answer any questions a buyer may have about developing this specific property.
Whenever possible it is best to speak with these agencies first as they will always be a far greater source of information about the local region and the regulations which govern it.
Torrance County Assessor’s Office (505) 544-4300 (Click Here)
Torrance County Planning & Zoning (505) 544-4390 (Click Here)
Central New Mexico Electric Cooperative Inc. (505) 832-4483 (Click Here)
New Mexico State Engineer (505) 827-6091 (Click Here)
Well Drilling Info (Click Here)
Well Drilling Permit Application (Click Here)
NEARBY TOWNS
Located just ten minutes outside of Moriarty you’ll have easy access to groceries and supplies as well as fast food restaurants, gas stations, post offices, and banks. Edgewood, an additional ten minutes west along the I-40 is where you’ll find the nearest Walmart Superstore as well as additional big box stores and grocery chains. Furthermore, Albuquerque, the largest city in the state, is just a quick twenty-minute drive west and is likely to have whatever product or service you can’t procure in Edgewood or Moriarty.
Albuquerque: 46 miles (50 min)
Santa Fe: 58 miles (1 h 6 min)
Rio Rancho: 59 miles (58 min)
Los Lunas: 68 miles (1 h 8 min)
Taos: 128 miles (2 h 28 min)
NEARBY ATTRACTIONS
In addition to the Cibola National Forest, there are a number of scenic National and State Parks within easy driving distance of the subject property. Those parks include – but are not limited to – the El Malpais National Monument, El Morro National Monument, Bluewater Lake State Park, Ramah Reservoir, the Ice Caves & Bandera Volcano and Quemado Lake.
Santa Fe County Tourism Site (Click Here)
Things To Do In Santa Fe (Click Here)
Things To Do In ABQ (Click Here)
Santa Fe Railyard Arts District (Click Here)
Santa Fe Opera House (Click Here)
Museum of Indian Arts & Culture (Click Here)
Turquoise Trail (Click Here)
Ski Santa Fe (Click Here)
Nambe Falls (Click Here)
JW Eaves Movie Ranch (Click Here)
AT CHECKOUT YOU’LL BE ASKED TO PLACE A NON-REFUNDABLE EARNEST MONEY DEPOSIT OF $500.