5.5 Acres in Rio Communities, NM - $3,999

5.50 ACRES IN VALENCIA COUNTY, NM

This plot is part of the existing Tierra Grande subdivision, which has some 1,900 other lots. The subdivision is accessible from multiple highways, including Interstate 25, New Mexico Highway 47 and U.S. Highway 60 (which runs through Tierra Grande).

The area is zoned for single family residential and residents are allowed to keep 2 horses per 5 acres. Homes in the area sell for an average price of about $114,000, so building a house is a great way to increase the value of this lot.

The parcel is located within the Tierra Grande Improvement Association. Please contact Tierra Grande for more information on their rules and regulations on building and land use.

CASH DISCOUNT PRICE: $3,999 + $395 DOC FEE

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SELLER FINANCING AVAILABLE

$1 down + $299 doc fee and $199/mon...

$1 down + $299 doc fee and $199/month for 30 months.

0% APR. No prepayment penalty. No credit check.

HOLD PRICE: $25

For $25 we can hold the property for you for 2 days while you decide whether you want to purchase. If you buy the property, this will count toward the purchase price. You can also hold the property up to 8 days.

LOCATION

Tierra Grande is a subdivision within Valencia County, New Mexico. As part of your purchase of this lot, you will buy into 14,000 acres of permanent open space, conserved and maintained by the Tierra Grande Improvement Association. The area also borders the Manzano Mountains, which has many trails for hiking, backpacking and horseback riding. The area is known for the beauty of its night sky, which has been declared by New Mexico as one of the states Most Endangered Cultural Resources.

Belen is only 17 minutes away from Tierra Grande and is geographically at the center of New Mexico. There is a commuter railroad to Albuquerque and Santa Fe in Belen and several festivals throughout the year. The total population is around 7,000. Property values in Belen and Valencia County are likely to see a boost due to the upcoming construction of a Facebook data center in Los Lunas (15 minutes outside of Belen and 30 minutes from Tierra Grande). In addition, Los Lunas was recently awarded a federal grant to build water infrastructure out to its new BNSF Central Rail Park. The construction of the rail park and its attendant infrastructure should bring lots of jobs to the area.

LOT DETAILS

Assessor's Parcel Number 1014021230055000070

Legal Description Subd Tierra Grande Lot 7 Block 22 Unit 3

Elevation 5050 ft

GPS Center Coordinates (Approx.) 34.553, -106.6536

GPS Boundary Coordinates (Approx.) 34.5520,-106.6526; 34.5526,-106.6545; 34.5535,-106.6541; 34.5535,-106.6541; 34.5536,-106.6541; 34.5536,-106.6540; 34.5537,-106.6540; 34.5538,-106.6540; 34.5539,-106.6540; 34.5538,-106.6532; 34.5523,-106.6525; 34.5520,-106.6526;

Annual Taxes ~$25.00

Zoning Residential

Time Limit To Build None as far as we are aware

Access Dirt road

Power There is access to power, but you will need to pay for a connection to the lot. Contact Socorro Electric Cooperative, (575) 838-6420 or NM toll free 1-800-351-7575.

Water A well would need to be installed.

Sewer A septic system would need to be installed. Please note that a perc test has not been done.

Official Contacts Please contact Valencia County and Tierra Grande.

RVs Allowed? We recommend that you contact Tierra Grande to confirm, but, according to our research, RVs are not allowed.

Buildable? Because we do not know the specifics of what you may want to build on the property, we recommend that you contact the building and/or zoning department(s) for more information on the relevant zoning and building regulations and how to obtain a building permit.

Survey Available? No, we have not had a survey commissioned, but if you would like to pay for a survey we would be happy to work with your chosen surveyor.

In HOA? Tierra Grande Improvement Association

HOA Dues ~$50.00