1.01 Acre Only $1 Down, $299/Mo
Rio Rancho, NM 87174
Sandoval County, New Mexico
Lot Description
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This plot is part of the existing Rio Rancho Estates subdivision, which is just outside of Rio Rancho, the third largest and one of the fastest-growing cities in New Mexico.
This particular parcel is part of the undeveloped area just north of Rio Rancho that is located within the catchment basin of the Rio Rancho Estates Area Plan (drafted by Sandoval County). According to Sandoval County, about 1,280 people live in this area, mostly in mobile or manufactured homes. The lot is about 20 minutes to Rio Rancho, 40 minutes to Albuquerque and 1 hour and 20 minutes to Santa Fe.
The area is zoned Cd-Rre (rural residential), which allows for single-family homes, including mobile homes, and agricultural uses according to our research.
Cash Discount Price: ,999 + Doc Fee
We accept cash payment via ACH Transfer, Wire Transfer or Zelle.
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Seller Financing Available
down + doc fee and /Month for 10 months.
0% Apr. No prepayment penalty. No credit check.
Hold Price: 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
According to the Rio Rancho Estates Area Plan: the area of south central Sandoval County, now known as Rio Rancho Estates, is made up of a portion of the Town of Alameda Land Grant, dating from Spanish settlement in the 1700S, as well as a portion of the King Ranch. During the years from 1960 to 1975, the American Realty and Petroleum Corporation (Amrep) purchased 90,000 acres of this land and subdivided it into thousands of lots, mostly one-half and one acre parcels.
Through an extensive advertising campaign, many of these properties were sold to individuals from all over the world. Rio Rancho emerged in this process as an urban area, and in 1981, incorporated. Through successive annexations, Rio Rancho became one of the fastest growing cities in the United States and now holds more than 85,000 residents, including just over half of the original Amrep land holdings. The remaining unincorporated area of roughly 60 square miles, and 43,629 acres.
Lot Details
Assessor's Parcel Number: R019353
Legal Description: Legal: Subd: RIO Rancho Estates Block: 18 Lot: 26 Unit: 3
Elevation: 5940'
Gps Center Coordinates (Approx.): 35.2287, -106.8249
Gps Boundary Coordinates (Approx.): 35.22857, -106.82520; 35.22920, -106.82520; 35.22920, -106.8246; 35.22920, -106.82447; 35.22857, -106.82466; 35.22857, -106.82520
Annual (rural residential)
Time Limit To Build: None as far as we are aware
Access: Dirt road
Power: Electricity would likely have to be solar or another alternative system.
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 Sandoval County.
RVs Allowed? We recommend that you contact Sandoval County 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? No Hoa
Hoa 0
