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5.44 Acres Only $1Down, 399/Mo

Albuquerque, NM 87121

Valencia County, New Mexico

5.44 Acres
$3,999 USD $4,499
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Land Description

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” - Franklin D. Roosevelt, U.S. president

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.

“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” - Andrew Carnegie, billionaire industrialist

Cash Discount Purchase Price $3,999 + $395 Document Fee

We accept personal checks, cashier's checks, money orders and Zelle.

Seller Financing Available

$1 down with a $395 document fee and $399 per month for 15 months at 0% Apr. No prepayment penalty. No credit check.

Hold Price $25

For $25 we can hold the property for you for 72 hours while you decide whether you want to purchase. If you buy the property, this will count toward the purchase price.

Title And Use

What you can or cannot legally do on the land is controlled by the local government, not by us or any seller. Please contact the county, providing them with the parcel number, to confirm zoning, access, and available utilities.

About Tierra Grande

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 state's Most Endangered Cultural Resources.

About Belen

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.

Buy Or Hold

Utilities

Sewer: If you want to develop a home on the plot, you will need to build a septic system. The Tierra Grande Improvement Association recommends the following companies: LAV Construction/Septic, RC Septic, G & E Septic Tanks, Rick's Septic Systems, Frank's Septic.

Water: A well will need to be drilled for access to water. The Tierra Grande Improvement Association recommends the following well drilling companies: Gallup Drilling, Gilbert Pump & Well, Moya Drilling, Rogers & Co., Maez's Water Source, American Drillers, Elliott Brothers, Outrider Wells/Pumps.

Power: There is access to power, but you will need to pay for connection to the lot. Contact Socorro Electric Cooperative or NM toll free.

Roads: All the roads in the area are recorded, with legal access to the rest of the county. Most of the roads are dirt roads, but you may contact the Valencia County Road Department to see if the County will improve your road.

Community Watch: There is an independent Community Watch for Tierra Grande.

“Don't wait to buy real estate. Buy real estate and wait.” - Will Rogers, actor

Lot Details

Assessor's Parcel Number: 1020016425335000070

Legal Description: All of Lots 7 in Block 8 of Tierra Grande Unit No. 20

Elevation: 5400Ft

Gps Coordinates (approx.): Please note that the GPS coordinates are approximate. They come from public assessor GIS data and are fairly accurate, but to find the exact boundaries of the property, it is best to hire a local surveyor.

Center:34.4835, -106.5398

34.4837, -106.5387

34.4826, -106.5390

34.4832, -106.5409

34.4841, -106.5406

34.4837, -106.5387

Annual Taxes: $39.36

Zoning: Residential

Time Limit to Build: None as far as we are aware

Annual HOA Dues: $50

Contacts: Tierra County Improvement Association

Frequently Asked Questions

Can I build a home on the lot? Yes, you can build on this lot. Please contact the Tierra Grande Improvement Association for more information on building regulations. All construction in Tierra Grande must go through the Improvement Association's Architectural Control process first before going to the County or State. All information on this process can be found on this web page along with the forms and contact information for permits for Socorro County and the NM State Construction Industries Division. Please note that mobile and manufactured homes are not allowed on the lot.

Can I visit the property? Of course. There is no need to make an appointment - please feel free to visit the property at any time. Please also note that we won't be able to meet you at the lot.

Does the property have an address? No, since the property is a vacant parcel of land, it hasn't been assigned an address. However, you can plug the approximate GPS coordinates into Google Maps in order to locate the property.

Has a survey been done? 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.

Can you park an RV on the property? We recommend that you contact the county to confirm, but, in most counties, RVs are only allowed on a temporary basis.

Are taxes up to date? We pay all tax bills as soon as we receive them, but you can always check with the County Treasurer to verify taxes have been paid.

Has a title search been done? Given the price point of our properties, we do not typically purchase a title search or title insurance when we buy a lot. However, we do our own research to check for title issues and liens and would never purchase a property that has a known title issue. We are also happy to work with the company of your choosing at buyer's expense.

How does the closing process work? We try to keep the closing simple and straightforward. Please just send us the full name of everyone you would like on the deed, a mailing address and phone number, and whether you would like to purchase with cash or utilize owner financing. We will then send you an invoice for either the down payment plus the document fee or the cash discount price plus the document fee. We accept payment via Zelle, wire transfer or ACH transfer as well as PayPal for properties priced under $5000.

If you purchase with owner financing, we will then send the loan documents to you for your signature via docusign.

If you purchase with cash, we will then draft and record the deed transferring title to you. Once the deed is recorded, we will send you a copy for your records.

Do you work with a title company? Yes, we are always happy to work with the company of your choosing at buyer's expense.

How does owner financing work? With owner financing, we will sign a land contract that gives you legal right to use the property; however, you won't be able to pull any building permits during the loan term. Once the down payment and document fee are paid, we will send you a link to our third party loan servicing software, where you will make monthly payments for the length of the loan term. After the loan is paid in full, we will then transfer title to you.

What kind of deed will I receive? You will receive a special warranty deed, which means the seller is guaranteeing that the property wasn't encumbered during the time of his/her ownership.

How many people can be included on the deed? You can have as many people listed on the deed as you would like.

Can the deed be made out to an Llc? Yes, the deed can be made out to an LLC or corporation.

Does the property come with mineral rights? We buy all of our properties assuming that we only have the surface rights. In order to determine whether a particular property has mineral rights, you will usually need to hire a title company to run a mineral rights search going all the way back to the original homestead.

“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” - Marshall Field, entrepreneur

Final Note

We completed an extensive due diligence process on this lot, but we recommend you do your own research as well. Take the time to get to know your new property before purchasing - it could remain in your family for generations.

“Buy land, they're not making it anymore.” - Mark Twain, writer and humorist

Our mission is to offer high quality properties at reasonable prices, provide maximum transparency and always strive to do the right thing.

Additional Resources

If you are looking to buy affordable land, you can check out our Listings page. And before you buy land, make sure you check out Gokce Land Due Diligence Program. If you are looking to sell land, visit our page on how to Sell Your Land.

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More Land Details

Owner Will Finance
Residential Zoning
Flat Terrain
Dirt Road Access
Well Water
Septic
Estimated Annual Taxes
$39
LANDFLIP ID
292893
Assessor Parcel Number (APN)
1020016425335000070
Posted on LANDFLIP
20 Days Ago
Last Updated
Today
Views
123

Land Price History

10/20/21
$3,999
$500
11.1%
Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by LANDFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.