This Property is UNDER CONTRACT
Rio Rancho, one of the fastest growing cities in the USA. And that’s primarily because prices are affordable and the property we have for you here today is no exception.
The growing city of Rio Rancho was incorporated in 1981 and now has a population nearing 100,000. It has a Walmart, a hospital and a performing arts center. It also has lots of land. You can access the official website below:
The city centers of Rio Rancho and Albuquerque are only about 15 minutes apart although the city of Rio Rancho sees itself as very separate from Albuquerque. Santa Fe is only around 50 minutes north.
Most parcels in this unit, Unit 9, are only 1 acre but we have a 1.5 acre parcel for you here today. And not only that but it’s within the city limits of Rio Rancho so as the city expands it will be in line for any utility extensions.
Right now there are no utilities but this property is level and surrounded by new and proposed communities within the path of growth.
The colored line in the picture below shows the outline of the city limits of Rio Rancho which this property is within.
As you can see in the pictures below, the property is actually 2 lots next to each other. Once purchased together they are both yours to do with as you wish but you would have to get them re-surveyed to combine them into just one lot for the city.
As you can see from the chart above, now several years old, prices for 1 acre in Unit 9 were on average $8,000. Those prices may have dropped a little since then but are again on the way up. In any case we are offering 50% more land for 25% less price. How can you go wrong?
Our Super Affordable Terms Are . . .
$495 down / we will customize a monthly payment
plus a $295 one time, non-refundable doc prep fee.
plus a $15/mo. loan service fee and 1/12 of annual taxes escrowed.
To put a hold on this property, all you need to do is pay the $295 one time, non-refundable doc prep fee and sign the simple purchase agreement and loan docs and nothing more for 30 days.
Down payment is not even due for 30 days!
What have you got to lose? Or gain?
CASH purchases will receive a 10% ($700) discount
plus a $195 one time, non-refundable doc prep fee.
Call or email us with any questions or to buy.
Our contact information is at the top of the column to the right.
Our real estate is mostly for sale by owner – us!
Price: UNDER CONTRACT
Closing costs: $195 cash/$295 terms
Address: 2206 5th St. SW
City: Rio Rancho
Legal Description: RIO RANCHO ESTATES Blk: 55 Lots: 5 & 4N Unit: 9
Size: 1.5 Acres
Taxes and Dues: $51.64 2017
Zoning Info: RRA Rural Res. Ag.