RESIDENTIAL LOT CLOSE TO POWER IN QUIET, COUNTRY SETTING

TRNM-16881B
Torrance County
2.64 Acres
Moriarty Heights

Purchase Info

Property Details

Location & Size

 

The subject property is a 2.64 acre lot 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.

Torrance County, New Mexico

2.64 Acres

Moriarty

Not Designated

87035

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 to the right 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.

MORIARTY HEIGHTS, TRACT 3, BLOCK 16, LOT 17

1053051103167000000

R021095

$105.00

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.

Yes

Palomino Drive

Well-Maintained Gravel Roads

Undefined

1/2 Mile West Of Subject Property

1/2 Mile West Of Subject Property; Mobile or Satellite

By Well or Holding Tank

Septic Or Alternative System

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.

 

None

Yes
PDF

None

None

Title Info

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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.

Free & Clear

None

None

None

None

Special Warranty Deed

Title/Escrow

Waived

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.  

(505) 544-4300
(505) 544-4390
(505) 832-4483
1-800-WATERNM
Click Here
Click Here

Misc.

 

Adjacent Lots: For anyone looking for a larger piece of property in this subdivision, it should be noted that Hemingway Land is also selling the two adjacent lots to the immediate east and west of the subject property. For more information on these parcels, you can visit their respective listing pages (the 2.9 acre eastern lot) here and (the 2.6 acre western lot) here. Anyone looking to purchase all three parcels together can visit this listing page here where the combined 8.2 acres are being offered for the discounted price of $29,000.

Maps and Boundaries

Towns and Attractions

Nearby Towns

 

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.

46 miles (50 min)

58 miles (1 h 6 min)

68 miles (1 h 8 min)

128 miles (2 h 28 min)

Nearby Attractions

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Photo Gallery

Purchasing 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: $4,500 Down Payment + $250 Monthly Payment x 42 Months; 12 Months Same As Cash

  • At checkout, you’ll be asked to place a deposit of $4,500. This down payment will both secure the land as well as set up recurring billing for $250 to be automatically debited from your card each month.
  • Within 24 hours we will email you a land contract which you’ll be asked to sign. This will be the document that demonstrates your equitable interest in the land until such a time as all payments have been made.
  • Only once the balance has been paid in full will the property be deeded into your name.
  • Our contracts contain only pre-payment incentives and no pre-payment penalties. The remaining balance can be paid at any time during the term of the agreement.
  • A copy of the land contract you’ll be asked you sign can be viewed here.

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