1/4 acre parcel in the Rio Del Oro Subdivision in Los Lunas New Mexico. This land for sale is priced at $2,159.00 or pay only $129.00 per month. This parcel is very close to Rio Del Oro Loop which is the main PAVED road that goes through the subdivision and electricity runs along Rio Del Oro Loop- In Rio Del Oro Subdivision and close to a completed area where homes are already built! Unit 54, Block 18, Lot 19. Look at the aerial maps so you can see the potential. Some of the 1/4 acre lots that have paved roads are selling for over $25,000. Get in while you still can and don't let another opportunity pass you by...The planned hospital will be in Unit 64 which is great for the subdivision. Get in on the ground floor and there is NO TIME LIMIT TO BUILD!!! This lot is located 25 miles from Albuquerque, NM and 65 from Sante Fe with a commuter train up and running from Albuquerque. You can pass this investment down to your kids!!! As the homes come closer to this unit the prices will continue to grow! The hospital in Rio Del Oro has been approved and plans are that it should be open in the near future!!! Land values will increase after that opens. The train from Albuquerque to Belen is already up and running! This is an up and coming area where land values will only increase!!! Invest today! House sales are down but Land sales are up while investors are scooping up land for the next Real Estate boom while they can buy low! The subdivision of Rio Del Oro (RDO) provides a great opportunity to own investment property just 25 miles south of Albuquerque, in scenic central New Mexico. Already a suburb of Albuquerque, this subdivision has explosive growth and development potential. A few years back developers purchased over 600 acres in what was then units 46, 55 & 57 of RDO, consolidated and re-plated the lots and successfully completed two subdivisions; Las Maravillas and Pasitos del Cielo. proving market demand. Due to this demand, an additional subdivision is currently being developed in Unit 19. Homes sell for approximately $115,000 in these areas. This property provides an excellent long-term investment in an area that has all of the conveniences of an urban development but located in a private and rural like setting. The open countryside, with its native grasses, wildflowers and the nearby Manzano Mountains towering over 10,000 feet, provide a picturesque backdrop to the property. Located in the Cibola National Forest, the Manzano Mountain Wilderness covers nearly 37,000 acres, encompasses most of the mountain with incredible hiking, cross country skiing and an abundance of wildlife. A short distance from the subdivision, youll find a golf course and just off the interstate is the entrance to the Senator Willie M. Chavez State Park. Nearby conveniences include a Wal-Mart (and a Wal-Mart distribution Center), Senior Center, shopping centers, churches, hospital, library, gas stations, grocery stores the Tierra Del Sol Country Club and Golf Course, the University of New Mexico Valencia Campus, and the Resort and Casino in Isleta located about 25 miles from the property. With an elevation of 5,060 feet, the climate couldnt be better. The winters and summers are mild with summer temperatures in the 70s and 80s and mild winter highs in the 40s and 50s. Clear skies and lots of sunshine make this an attractive investment property. There are about 350 sunny days annually which lends itself well for future development. Rio Del Oro is a very large under-developed community. The main population of the area is along the I-25 corridor and the Rio Grande River. The Rio Communities lie to the east of this main corridor. There are scattered subdivisions throughout this area and there are other areas of no development. There are many nice homes in the already developed areas. This area is rapidly growing in value and popularity. Valencia County's population has grown an unbelievable 46% in the last 10 years alone, with many new homes in the area. Other RDO lots in the same area have listed or sold $3,500 - $7,000 or more. This property will not last and is an excellent long term investment with yearly taxes at only $10.00 per year. Invest today at an affordable price for the future.

Property Profile:

Purchase Price- $2,159.00

ID# R000785

UPC# 1012032315220000190

SIZE: .25 Acres

5% Down Payment- $108.00

LEGAL DESCRIPTION:

Unit 54, Block 18, Lot 19 Rio Del Oro Subdivision

GPS: 34.714309, -106.684847

General Location: 25 Miles SE of Albuquerque

STATE: New Mexico.

COUNTY: Valencia County

ELEVATION: 5,300 ft

ZONING: Residential.

POWER: 500 ft from property

WATER: In Subdivision/ well or haul In

SEWER: In subdivision but not to the lot line

PROPERTY TAX: 10.00 a year.

TIME LIMIT TO BUILD: None

ASSOCIATION DUES: NONE

TERRAIN: Flat to rolling with beautiful Mountain views

SPECIAL NOTE: Power, phone, water and sewer currently serve the development primarily in units 46, 55, 57 and exist in whole or part in units 47 through 64. Current local and state environmental regulations do not allow wells or septic systems to be installed on lots of this size. We believe that this property is best suited for long-term investment rather than residence.

Please do your own due diligence as you should do with any land purchase.

This land is sold as is and all information provided is at the best of our knowledge.

ALL PROSPECTIVE BUYERS ARE URGED TO RESEARCH THIS INFORMATION TO THEIR OWN SATISFACTION PRIOR TO BUYING THIS PROPERTY.

We have not seen this property. The price will include a $175 closing cost fee but no other fees will apply. We accept Checks, Money orders, Bank Deposit, Credit cards (+3.5% Processing fee) and Zelle.