Close To Power,

Highway And Airport
VLNM-2081ABCEGIK-117628.jpg
 
Price: $1,600.00
Wide open spaces and privacy await you in this charming and largely unsettled subdivision known as Rancho Rio Grande Estates. Located just west of Interstate 25, this five acre property is ideal for anyone looking to live in a private, small community while still being close enough to retrieve mail, groceries and supplies from (or experience the small town charm of) nearby Belen and Los Lunas. Schools and medical resources are close by as Belen High School, Presbyterian Urgent Care and two veterinarians are all within ten minutes of this property.

Not interested in living here but rather investing? Buying land in this area is an inexpensive way into the Valencia Real Estate market. With the recent ground-breaking on the Facebook Data Center in Los Lunas and the continuing overflow of businesses looking to locate in close proximity to the Albuquerque Metro Area, home and land values in this region are only going to continue to rise. Priced at $3,000 this is currently the cheapest five acres on the market in this county. Buy it now and resell immediately to double your investment, or hold on to it for five years and make even more!

Things To Know:
  • This property sits on Muchacha Road between Padrino and Rayo Road, all of which are well maintained dirt/gravel roads.

  • The nearest power lines can be found at the corner of Muchacha and Pogo Roads.

  • This area is zoned Rural Residential 1, which means land can be subdivided but to no less than one acre in size. This gives whoever buys this property the ability to live on one acre while reselling the other four acres for a profit.

  • Mobile homes are OK in this subdivision but RVs are not allowed as permanent living quarters unless the owner is granted a building permit by the county, which itself is only temporary until the applicant completes construction of their permanent house.

  • This lot sits in close proximity to the Alexander Municipal Airport which hosts small aviation businesses such as a sky diving school. In talks with local neighbors, it seems the airport is surprisingly quiet, with rare exceptions being when the military uses it on for occasional weekend exercises.

  • Valencia County Assessed Value on this 5 acre lot is $6,600 and the Valencia County Assessor's Market Value is $20,000.

 
 
Reference NumberVLNM-2081I
LocationValencia County, New Mexico
Lot Size1 Acre
Available FinancingClick Here To Read About Financing Options
Legal Description RIO GRANDE ESTATES, UNIT F, BLOCK 855,
LOTS 36 & 37
Parcel Number1013023506027102360
1013023506027102370
Account NumberR118297
R118298
Latitude-LongitudeCenter: 34.580043 -106.660293
NW: 34.5802865147722 -106.66063999515899
NE: 34.580288947095 -106.659916407185
SW: 34.5797369517205 -106.66063729234997
SE: 34.5797393839937 -106.65991370913702
Annual Taxes$10.00
HOA/POA None
ZoningPlanned Development PDF
AccessWell Maintained Dirt/Gravel Roads
PowerAcross the Street, at the corner of either Padrino or Rayo Roads
PhoneIn The Area or Mobile/Satellite
WaterBy Well, Catchment System or Holding Tank
SewerSeptic/Alternative
Elevation 4,984 ft
Conveyance Document Special Warranty Deed
Type of ClosingNotary Close
Doc Prep Fee$150.00
Nearby TownsBelen: miles
Los Lunas: miles
Albuquerque: miles
Points Of InterestRio Metro Rail Line (Link)
  Isleta Casino & Resort (Link)
 Tierra Del Sol Golf Course & Country Club (Link)
 Abo Canyon (Link)
 Bosque Del Apache National Wildlife Refuge (Link)
 Manzano Mountains State Park (Link)
 Rio Salado River (Link)
 Salinas Pueblo Missions National Monument (Link)
County Contact InfoValencia County Assessor's Office (505) 866-2065
  Valencia County Planning & Zoning (505) 866-2050
  Valencia County Comprehensive Land Use Plan (PDF)
 
 
Price: $1,600.00

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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.