These are two large approximately 0.5 acre side-by-side off grid lots, totaling approximately 1 acre, just southeast of Albuquerque in Valencia County. These are Lots 9 and 10 in Block 1340 in Unit U in the Rio Grande Estates, an undeveloped subdivision.
Decades ago property in Rio Grande Estates was tremendously overvalued. A subdivision was laid out, and peoples expectations were built up. They were given to expect gigantic development virtually overnight. This did not happen, and a backlash developed. Prices plummeted, and to this day the prices are still very low. Now you should closely consider buying these. With the light rail system to Albuquerque, the new expanded Facebook Data Center in Los Lunas, and the planned road corridor coming that will link Interstate Highway 25 with State Highway 47, there's a lot of excitement in the area. The legacy of the past is such that even with all this local activity, prices on these properties have not yet jumped up.
These lots have excellent Manzano Mountains views. You could buy for investment, or to build your dream off grid scenic home now. There are no time restrictions on when to build, there are no requirements that you must build, and there are no association fees. Cell phones are normal. We're told that water wells in the area are between 150 and 300 feet deep, you might want to contact a local well driller and explore that possibility. Sewer would be by septic - when you build. Taxes are about $10 per year per lot and are current. Title is free and clear. These are great recreational properties as is, but to build a residence you would need to have them legally combined into one property exceeding the 0.75 acre minimum requirement.
The Rio Grande Estates is a very large under-developed community. The main population of the area is along the I-25 corridor. The Rio Communities lie to the east of this main corridor. You will only be a couple of miles from the Rio Communities development area where there are shopping centers, businesses, churches, schools, a senior center, and many homes. And you will be only a few miles from the Tierra Del Sol Country Club & Golf Course.
For more information please click on the link to our website, which is elsewhere on this page.
Finance Price: $2,975 + $195 document fee. First payment of $294 covers the document fee and $99 goes towards the down payment. Finance the balance for as little as $71.57 per month over 4 years. We do not run a credit check, everyone qualifies for financing.
Cash Discount Price: $2,872 (includes document fee)
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