Owner Finance Terms
Owner Finance TermsLoan Term: 2 Years and 6 Months
This 1-acre parcel in the New Mexico desert is a 15-minute drive to downtown Rio Rancho, Money Magazine's "Best Place to Live" in New Mexico in 2020. Known for its excellent schools and low crime rate, Rio Rancho boasts a 72% growth since 2000 - more than five times the national average largely due to the presence of large employers such as Intel and Hewlett Packard. This off-grid property allows for mobile homes, manufactured homes, modular homes, or single-family residences. You can enjoy hiking or mountain biking in the Cibola National Forest, rafting or kayaking down the Rio Grande River, skiing Sandia Peak, or golfing in any one of the dozens of world-class golf courses in the area. You'll love the warm weather and incredible array of outdoor activities in the "land of enchantment," so don't miss your chance to own property in Rio Rancho today!
Seller Financing / Owner Financing Available:
$698 Due at Closing
$129 Per Month
Property ID Number: 8793
Parcel Number: 1007069228068
Access: Direct access via dirt road - 18th St SW
GPS Coordinates: 35.2485, -106.7722
Street Address: 18 St SW
City: Rio Rancho
Zip Code: 87124
Zoning: CD-RRE Rio Rancho Estates Community District
Time Limit to Build: No time limit to build
Details about existing water source: No public water in the area. Installation of well and water hauling is allowed.
Allowable to Drill a Well? Yes
Is it allowable to install a septic system? Septic is required, well is optional.
Details about existing sewer or septic: No public sewer in the area, need to install septic system
Details about existing power: Public Service Company of New Mexico (PNM) - https://www.pnm.com/ | 1-888-342-5766. Not all portions of the subdivision are being serviced by PNM. The western portion has no available power services.
Details about gas: Propane Gas
If the buyer would like to use the seller financing option, there are no credit checks and no prepayment penalties.
Cash Discount Available.
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.