Corner Lot With Power In Quiet Country Setting Mobile And Modular Friendly

TRNM-18053
Torrance County
1 Acre
Ranchos Encantados

Purchase Info

Property Details

Location & Size

 

The subject property is a 1 acre corner lot located in the Ranchos Encantados subdivision, a rural residential community situated just south of Interstate 40 and halfway between Moriarty and McIntosh.

Located within easy driving distance of Albuquerque, this region is home to many transplants from the nearby Metro area who prefer the more affordable property values found here as well as the wide-open spaces and privacy afforded them in this quiet country setting.

Torrance County, New Mexico

1 Acre

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.

Ranchos Encantados, Unit 1, Block 6, Lot 18

1049046526375000000

R014450

$30.00

Access & Utilities

 

Roads & Access: The subject property is a corner lot located where Barcelona Street and Caballo Avenue meet. Both roads consist of a graded dirt and gravel and should be easy to navigate in any vehicle type.

Power & Utilities: Residential power lines can be found throughout the Ranchos Encantados subdivision including along the subject property. Because of this, it should be easy and affordable to get power connected to whatever you decide to build on the land. Anyone looking to investigate the costs associated with getting service connected on the subject property is encouraged to contact the Central New Mexico Electric Cooperative, the local utility servicing this region.

Water Service: While a well may be needed to bring water to most rural properties, it should be noted that a number of homes in the region are being serviced by a local water utility. In fact, in recent years water conservation efforts have caused a few smaller water utilities catering to specific subdivisions to be created. Anyone looking to investigate service or connection fees is encouraged to contact the EMWT Regional Water Association, the water utility servicing most of the rural subdivisions in the Estancia Valley.

Yes

Caballo Avenue & Barcelona Street

Well-Maintained Gravel Roads

144 Ft Northern Boundary; 302 Ft Eastern Boundary

At The Lot Line

In The Area

Water Service By EMWT

Septic Or Alternative System

Zoning & Restrictions

 

Zoning: Ranchos Encantados is zoned Rural Residential, a designation which allows for residential development including site built, custom, mobile and modular homes as well as certain agricultural uses. To learn more about the Rural Residential Zoning Designation, please see the PDF linked here.

No HOA: Despite being a well-maintained region with paved roads, utilities and many respectable home sites, the Ranchos Encantados subdivision has no HOA and no annual dues associated with land ownership.

Covenants, Conditions & Restrictions: When the Ranchos Encantados subdivision was created, 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 Ranchos Encantados Covenants and Restrictions document found here.

Covenants, Conditions & Restrictions, Cont’d: Notable conditions enumerated in the above-linked CCR document include the following: One story site-built homes must be a minimum of 720 square feet in size and Two story site-built homes must be a minimum of 1,200; Mobile homes must be at least 720 square feet, have a concrete footing and be skirted.

None

Yes
PDF

None

None

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.

Free & Clear

None

None

None

None

Special Warranty Deed

Notary Close

$150.00

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
(505) 910-3401
1-800-WATERNM
Click Here
Click Here

Misc.

 

Fire Department: It should be noted that Torrance County's District 3 Fire Station sits within a mile of the subject property. This means emergency services will never be far away if needed.

Maps and Boundaries

Towns and Attractions

Nearby Towns

 

The subject property is only a short drive from Moriarty, home to a number of shops, restaurants, hardware and supply stores, fast food chains, churches and schools. In addition, the property sits within a ten-minute drive of Edgewood where you'll find the nearest Walmart Supercenter as well as a Smith's, Walgreens and more grocery and supply stores. And of course, whatever you can't get in either of these locations can most likely be found in nearby Albuquerque, just another twenty minutes west along the I-40.

46 miles (50 min)

58 miles (1 h 6 min)

59 miles (58 min)

68 miles (1 h 8 min)

128 miles (2 h 28 min)

Nearby Attractions

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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.
  • Have Questions? Contact Us here.

Financing

Terms Offered: $1,500 Down Payment + $250 Monthly Payment x 26 Months; 90 Days Same As Cash

  • At checkout, you’ll be asked to place a deposit of $1,500.00. This down payment will both secure the land as well as set up recurring billing for $250.00 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.
  • Have Questions? Contact Us here.

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