Details
Location & Size
The subject property is a 4.62 acre parcel located in the Loma Blanca subdivision at the corner of Michelle Lane and Otis Lane. This is a residential subdivision boasting well-maintained dirt gravel roads, power at every lot line and underground utilities.
County, State
Grant County, New Mexico
Lot Size
4.62 Acres
Nearest Town
Silver City
Street Address
Not Designated
Zip Code
88061
Boundaries
Attractions
Nearby Towns
This property sits twelve miles southeast of the county seat of Silver City, a popular small town with a population of roughly 10,000 residents. Within Silver City you’ll be able to find numerous stores, schools and medical facilities including a Wal-Mart Superstore, a Walgreens, an Albertson’s Grocery Store, Western New Mexico University and the Gila Regional Medical Center.
Silver City
16 miles (18 min)
Deming
68 miles (1 hr 11 min)
Las Cruces
128 miles (2 hr 13 min)
El Paso
170 miles (2 hr 47 min)
Alamogordo
201 miles (3 hr 16 min)
Ruidoso
251 miles (4 hr 15 min)
Albuquerque
251 miles (4 hr 31 min)
Gallery
Information
Full Price
At checkout you’ll be asked to place a Non-Refundable Earnest Money Deposit of $500.
- You may elect to fund and close this transaction either by paying our company directly or by employing a title company. At checkout you'll be asked to select your preference.
- Within 24 hours of your deposit, we will email you the documentation that corresponds to your selection.
- If you elect to close outside of escrow, that email will include a new deed plus payment instructions. Buyers may pay the remaining balance via credit card, wire transfer or cashier's check.
- If you elect to close through a title company, that email will include a copy of a Sale/Purchase Agreement. You must review and sign this document within 96 Hours to open escrow. A copy of the sale/purchase agreement you'll be asked to sign can be viewed here.
- Please be advised, this is not an installment sale. This is a cash purchase. You should not initiate this transaction unless you are prepared to pay the entire cost of the land.
- This deposit is non-refundable.
Financing
Terms Offered: 20% Down Payment of $3,900, 9.9% Interest Rate, $350 Monthly Payment, 36 Month Term
- At checkout, you’ll be asked to place a non-refundable earnest money deposit of $500. All additional money - both the remaining balance of the down payment as well as future monthly payments - will be handled by a title/escrow company and loan servicing provider.
- Within 24 hours of your deposit, we will email you a copy of the Sale/Purchase Agreement. You must review and sign this document within 96 hours to open escrow. A copy of the sale/purchase agreement you'll be asked to sign can be viewed here.
- At close of escrow Buyer will receive a mortgage for the property with Hemingway Land or one of its affiliates acting as lien holder in first position. The lien will be released once all payment obligations have been fulfilled by Buyer.
- Buyers capable of placing a larger down payment may request different terms by contacting our Company via email here.
- This deposit is non-refundable.