Los Lunas, NM 87031(Valencia County)

For Sale- 1/3 acre lot in the Rio Del Oro Subdivision in New Mexico - SALE $2,995.00 or pay only $129.00 per month. In Rio Del Oro Sundivision! Unit 63, Block 22, Lot 25. Lot 25 on Hash Ct. which is a Cul-de-sac lot but this lot is a HUGE oversized 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 as most hold on to these lots for the future growth. Rio Rancho Estates was very similar to this Rio Del Oro subdivision and now some 1/2 acre lots are as much as $100,000 in Rio Rancho!!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! Get in on the ground floor of this subdivision.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:

APN# R143802

Legal Description: Rio Del Oro Subdivision Unit 63, Block 22 Lot 25

TIME LIMIT TO BUILD: None

GPS Coordinates: 34.683100,-106.714712

AREA: Flat to rolling with beautiful views.

SIZE: 0.30 Acres

LEGAL DESCRIPTION: Unit 63, Block 22, Lot 25 Rio del Oro Subdivision

STATE: New Mexico.

COUNTY: Valencia County.

GENERAL LOCATION: 25 miles south east of Albuquerque.

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.

ROADS: Well maintained dirt roads in the subdivision around the loop. Roads are not currently maintained to the lot lines. PROPERTY TAX: About $5.00/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.CountyPlease 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, Wire Transfers, Zelle, and Bank Deposit.