0.25 Acres in Rio Communities, NM - $2,995

For Sale- 1/4 acre lot in the Rio Del Oro Subdivision in New Mexico - SALE $2,995.00 OBO or pay only $129.00 per month. In Rio Del Oro Sundivision! Unit 63, Block 22, Lot 24. Lot 24 on Hash Ct. which is a Cul-de-sac lot. 1.5 miles to Merced Elementary school. The lot is a little over 3 miles to Tierra Del Sol Golf Course. This is very close to current building as you can see from the maps.The planned hospital will be in Unit 64 which is right next to this Unit 63 and makes it rare and valuble.This 1/4 acre lot is located 25 miles from Albuquerque, NM and 65 from Sante Fe. It\'s a very desired oversized Cul-De-Sac parcel at the end of a cul-de-sac. Get in on the ground floor! NO TIME LIMIT TO BUILD!!! 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! Get in on the ground floor!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. RDO is professionally managed by the Valley Improvement Association (wonderful people who believe in this development). They have put together Strategic Development Plan. A few years ago 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. This auction is for a lot in unit RIO DEL ORO. Due to this demand, an additional subdivision is currently being developed in Unit 19. Homes sell for approximately $115,000 in these areas. We believe this lot provides an excellent short to 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. The City of Belen has a population of 6,900 and the \Rio Communities\ have another 5,800. Other RDO lots in the same area

have listed or sold $3,500 - $7,000 or more.

Property Profile:

TIME LIMIT TO BUILD: None

GPS: 34.682978, -106.714681

AREA: Flat to rolling with beautiful views.

SIZE: 0.25 Acres

LEGAL DESCRIPTION: Unit 63, Block 22, Lot 24 Rio del Oro Subdivision STATE: New Mexico. COUNTY: Valencia County.

GENERAL LOCATION: 25 miles south east of Albuquerque.

DRIVING DIRECTIONS: From Albuquerque travel south on Interstate 25 to Belen (Exit 191, approximately 35 miles south of Albuquerque). Travel east on State Route 548 (Camino Del Llano Road/Sosimo Pidaloa) towards Belen for approximately .93 of a mile. At this point, there is an intersection with State Route 314 (Main Street). Turn left onto State Route 314 and head north through downtown Belen for approximately .56 of a mile. At this point, there is an intersection with State Route 309 (Reinken Avenue). Turn right onto State Route 309 and head east for approximately 2.42 miles (you will cross the Rio Grande River). At this point, there is an intersection with State Route 47/6. Continue east through the intersection to River Road/Manzano Expressway and you are within the Rio Del Oro Development. See all related maps for details below.

SPECIAL NOTE: These directions are being provided to you as an aid in helping you find the general area in which the property is located, not the exact location of the lot.

GENERAL ELEVATION: 5,300 feet. Information about our company and closing instructions. Please read this prior to making your bid.

ZONING: Residential.

POWER: In the subdivision but not to the lot line.

PHONE: In the subdivision but not to the lot line. Most cell phone signals are strong due to proximity to the freeway.

WATER: In the subdivision but not to the lot line.

SEWER: In the subdivision but not to the lot line.

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 short to long-term investment rather than residence. For details please click here.

ROADS: Well maintained dirt roads in the subdivision around the loop. Roads are not currently maintained to the lot lines.

PROPERTY TAX: About $12.00/year. Taxes are current with no liens. The title is free and clear...guaranteed!

TIME LIMIT TO BUILD: None

TYPE OF TERRAIN: Flat to rolling with beautiful views.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 and Zelle.