Owner Finance Terms
Owner Finance TermsBuyer(s) agree to pay monthly payments to Seller, payable in the amount, interest and term stated on Standard Agreement of Sale, until paid in full. The first installment is due and payable as noted on contract within forty-five days, and subsequent installments on the same day of each consecutive month until paid in full. Each payment shall be credited first on interest due and then on the principal; and interest shall thereupon cease upon the principal so credited. Seller shall receive a late charge in the amount of 10% of the total monthly payment or ($10.00 minimum), whichever is greater, for any monthly payment which becomes more than 14 day’s delinquent and/or a service fee of $25.00 for any payment which is returned by payer’s bank. There is no pre-payment penalty. Seller shall deliver to Buyer(s) a good and sufficient deed to the above-described property within Forty-Five days of the completion of payments or payment in full, or before at Seller’s sole option. In the event of default in making any of the monthly installments, and such default continues for ninety (90) days, this agreement may be canceled at the option of the Seller without notice and any and all moneys paid by Buyer(s) shall be retained by Seller as damages. LOAN SERVICING FEE: A monthly loan servicing fee of $15.00 will be added to the Monthly payment. PROPERTY TAXES / ASSOCIATION / HOMEOWNER FEES: The Buyer is responsible for all property taxes due after the date of the sale. Yearly County Taxes with being assessed as a fee included in the monthly payment. As with property taxes, Buyer is responsible to pay association fees (if applicable) which will also be added to the monthly payment. Buyers should contact the appropriate county offices for any questions about property taxes, assessed values or supplemental assessments. LOAN PRE-PAYMENT: There is NO LOAN PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any pre-payment fees.
#L05909-1 Beautiful views from 5 Acres in San Luis Valley Ranches, Costilla County, Colorado $9,995.00 ($116.14/Month)
This 5 Acre Parcel is accessible via dirt road 10th street, 6.5 miles from HWY 159, 12 Miles south of the town of Fort Garland and 12.6 miles North of the town of San Luis. Costilla County was the first area of the state of Colorado to be colonized with recorded history dating back to 1540, the year Coronado explored the Southwest. It is home to the oldest town in Colorado, San Luis.
Costilla County has two incorporated towns and several smaller communities. The towns of San Luis and Blanca are incorporated while Fort Garland is one of the county’s larger towns though not incorporated. Chama, San Pedro, Los Fuertes, Garcia, Jaroso, San Francisco, San Acacio, and Mesita, are smaller communities, all of which were established shortly after the town of San Luis in 1851. The county also has a few reservoirs: Eastdale Reservoir, Sanchez Reservoir, Smith Reservoir, and Mountain Home Reservoir, all are excellent for fishing and boating. One may catch walleye, pike, and several species of trout, bass, and a few other types of fish. Costilla County is also home to much wildlife such as deer, elk and antelope, which may often be seen in herds grazing in the fields. Coyotes, bears, bighorn sheep, and mountain lions also make their homes here. Costilla County offers some of the best big game hunting in Colorado.
- GPS Marker: 37.3194, -105.513
- Legal Description: S.L.V.R. UNIT H BLK 10 LOT 4
- Current Zoning: N/A
- Tax Classification: 39A
- Size: 5 acres
- Terrain: Varied
- Power/Water: Rural / Off-Grid
- Property Taxes: $67.34
- HOA Fees: N/A
- Costilla County
- View the Costilla County Residential Zoning Policy: (Download the PDF)
- Costilla County Planning and Zoning
- Well Information
Purchase Price: $9,995.00
Interest Rate: (8%)
Loan Term: 15 Years
Monthly Payment: $95.52
TOTAL DUE TODAY
Down Payment: $1.00
Document Fee: $199.00
DUE TODAY: $200.00
Land Payment: $95.52
Property Tax: $5.62
HOA/ Assoc. Fees: N/A
Monthly Servicing Fee: $15.00
TOTAL MONTHLY PAYMENT: $116.14
CASH PRICE: $8,995.00 + Taxes and Fees
Be sure to reference #L05909-1 in any correspondence.
$1 down payment and $199 document fee for lot #L05909-1 in Colorado. Your welcome packet, contract, and payment coupon book for your monthly payments will be sent to the shipping address you provide. (Please note that we do charge a shipping fee.)
The information within this listing is posted by a private or third-party seller and we do not guarantee the accuracy of the information enclosed. We encourage to always verify ownership and property details listed. As a precaution, due diligence in any real estate transaction is encouraged and closing through a verified title company is advised. To the maximum extent permitted by law we do not accept any responsibility to any person for the accuracy of the information herein.