Large, Power Adjacent Lot

In The Path Of Development
 
Price: $15,000.00

Earnest Money Deposit: $1,000.00
Sitting just outside Albuquerque, this charming four+ acre lot (four 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 four+ acre lot itself is in fact four 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 four acre lot will guarantee you 300% more land than 99.9% 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 sits 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.

To give our buyers a sense of pricing, a recent review of Rio Rancho listings on the MLS reveals the largest parcel for sale in this entire subdivision is a five acre lot (five adjacent one acre lots) for sale for $40,000. It is located exactly one block east of this property. Meaning even at $15,000 this is an unparalleled deal for this much land.

NOTE: Properties of this high dollar value are ones we typically purchase with title insurance. As each lot was purchased seperatly and at different times, however, we did not do this. Any buyer looking to close through a title company may do so, and per that title company we will provide a Warranty Deed for the four properties. If title insurance is not important to the buyer, however, Hemingway Land will only provide a Special Warranty Deed. After the Buyer places the $1,000 Non-Refundable Earnest Money Deposit we will contact you about how you'd like to fund the remainder of the transaction.
 
 
 
Reference NumberSNNM-0009K
LocationSandoval County, New Mexico
Lot Size4.4 Acres
Available FinancingClick Here To Read About Financing Options
Legal DescriptionRIO RANCHO ESTATES UNIT 9, BLOCK 36,
LOTS 53, 54, 55 & 56
Parcel Number1007067519478
1008067006476
1008067020479
1008067031477
Account NumberR050397
R022648
R045801
R022649
Latitude-LongitudeCenter: 35.230856 -106.761451
NW: 35.2313717972004 -106.762319317812
NE: 35.2311607007055 -106.76049154097
SW: 35.2305934134659 -106.762574542964
SE: 35.2302236509164 -106.76079881751
Annual Taxes$95.28
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 ClosingBuyer's Choice
Doc Prep FeeWaived
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)
  New Mexico State Engineer 1-800-WATERNM
  Well Drilling Info (Link)
  Well Drilling Permit Application (Link)
 
 
 
Price: $15,000.00

Earnest Money Deposit: $1,000.00

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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.