In The Path Of Development
SNNM-0009IK-111452.jpg
 
Price: $6,500.00
Sitting just outside Albuquerque, this charming two+ acre lot (two adjacent one+ acre lots) will afford its owner the opportunity to be close to all the great nightlife, concerts, events, casinos, museums and national parks that surround the metro area while still providing the type of privacy not typical of the big city. In fact, one of the great benefits of owning a lot like this is that it sits in a still underdeveloped portion of Rio Rancho. With more and more Americans migrating to the sun belt every year, the Albuquerque Metro area is only going to expand with an ever growing need for land and housing to accommodate this upwardly mobile population. Owning a lot in a still growing section of the city affords the buyer - especially at this price - the ability to purchase low then sit back and watch as values appreciate.


Things To Know:

The Rio Rancho Estates Subdivision was created and platted out in the 1950's. When this was done the developer bought up thousands of acres and subdivided most all into one acre lots, meaning that in the thousands of acres that comprise this subdivision there are very few lots larger in size than one acre. This two+ acre lot itself is in fact two adjacent one+ acre lots and it is incredibly rare to find anything even this large within the entirety of the subdivision. This means that owning this two acre lot will guarantee you 100% more land than 99% of the people living in Rio Rancho Estates. 

This property sits just south of where Idalia intersects Southern Blvd. There are nearby homes built up in very close proximity of this lot. Additionally, this lot is located within two miles of the College of New Mexico’s West Side campus and Universe Spots Park. It is within easy driving distance of Presbyterian Rust Medical Center, Desert Greens Golf Course and a number of schools, parks, stores and churches. Furthermore, this property is within the path of development and will likely appreciate quickly within the next five to ten years as more and more homes and business build westward into the undeveloped regions of this subdivision.

An industrial facility of unknown purpose site within a half mile of this property (see photos in gallery). There is a locked gate belonging to this facility which can be found where Idalia meets Espejo. This should not impact anyone purchasing this lot as there are many additional ways to access the subject property. If scouting the parcel, however, be prepared for most mapping software to take you to the land by way of this gate.

Power available to homes on nearby Iglesia Road, roughly 2/10 of a mile from subject property boundary.

This property was closed on and its title insured through Stewart Title of Albuquerque. 
 
 
 
Reference NumberSNNM-0009K
LocationSandoval County, New Mexico
Lot Size2.2 Acres
Available FinancingClick Here To Read About Financing Options
Legal DescriptionRIO RANCHO ESTATES UNIT 9, BLOCK 36, LOTS 55 & 56
Parcel Number1008067020479
1008067031477
Account NumberR045801
R022649
Latitude-Longitude35.2312970934041 -106.760885203062
35.2311607007055 -106.76049154097
Annual Taxes$47.64
HOA/POA None
ZoningRural-Residential PDF
AccessDirt Road
PowerSolar or Alternative
PhoneMobile/Satellite/Alternative
WaterNearby Bulk Fill Station (Link)
SewerSeptic/Alternative
Elevation 6,148 ft
Conveyance DocumentWarranty Deed
Type of ClosingNotary Close
Doc Prep Fee$150.00
Nearby TownsAlbuquerque: 13 miles
Los Lunas: 28 miles
Santa Fe: 58 miles
Taos: 107 miles
Points Of InterestThings To Do In Albuquerque (Link)
 Albuquerque Balloon Fiesta (Link)
 Cottonwood Mall (Link)
 Santa Ana Star Casino (Link)
 Santa Ana Star Golf Club (Link)
 Santa Ana Star Center (Link)
 Del Norte Gun Club (Link)
 Jemez Springs Attractions (Link)
 Jemez Hot Springs (Link)
 Jemez Mountain Trail & State Monument (Link)
County Contact InfoSandoval County Assessor's Office (505) 867-7562
  Sandoval County Planning & Zoning (505) 867-7628
  City Government of Rio Rancho (505) 891-5000
  Sandoval County GIS (505) 867-7628
  New Mexico Environmental Department (505) 827-2855
  Comprehensive Zoning Ordinance (Link)
  Sandoval County Zoning Map (Link)
 
 
 
Price: $6,500.00

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Disclaimer: While The Hemingway Land Company does extensive research on all our properties prior to listing them, there are always County-specific rules/regulations we will not be aware of. The information provided on this page is, to the best of our knowledge, correct. All prospective buyers, however, are encouraged to contact the county at the links and numbers provided in this table to confirm that whatever plans that buyer has for the property in question are in fact legal, feasible and permitted. Due diligence is the buyer’s responsibility and all sales are final.