Double Lot with Power

Land Description

Cash Price: $12,000

Terms Offered: $3,000 Down Payment + $300 Monthly Payment x 40 Months; 12 Months Same As Cash

Location & Size

The subject property is a 2 acre double lot located in the Ranchos Encantados subdivision, a rural residential community situated just south of Interstate 40 and halfway between Moriarty and McIntosh.

Located within easy driving distance of Albuquerque, this region is home to many transplants from the nearby Metro area who prefer the more affordable property values found here as well as the wide-open spaces and privacy afforded them in this quiet country setting.

County, State: Torrance County, New Mexico

Lot Size: 2 Acres

Nearest Town: Moriarty

Street Address: Not Designated

Zip Code: 87035

Latitude & Longitude:

Center: 34.92910,-106.03020

Nw: 34.92950,-106.03070

Ne: 34.92950,-106.02970

Sw: 34.92870,-106.03070

Se: 34.92870,-106.02970

Legal Information

Legal Description: Ranchos Encantados, Unit 1, Block 10, Lots 27 & 28

Parcel Number:

1049047415077000000

1049047401077000000

Account Number:

R010865

R010860

Annual Taxes: $60.00

Access & Utilities

Roads & Access: The subject property is lot located along Toledo Avenue halfway between Juanita Avenue and Palomino Road. All three roads consist of a graded dirt and gravel and should be easy to navigate in any vehicle type.

Power & Utilities: Residential power lines as well as underground telecom boxes can be found throughout the Ranchos Encantados subdivision including along Toledo Avenue leading out to the subject property. Because of this, it should be easy and affordable to get power connected to whatever you decide to build on the land. Anyone looking to investigate the costs associated with getting service connected on the subject property is encouraged to contact the Central New Mexico Electric Cooperative, the local utility servicing this region.

Water Service: While a well may be needed to bring water to most rural properties, it should be noted that a number of homes in the region are being serviced by a local water utility. In fact, in recent years water conservation efforts have caused a few smaller water utilities catering to specific subdivisions to be created. Anyone looking to investigate service or connection fees is encouraged to contact the Emwt Regional Water Association, the water utility servicing most of the rural subdivisions in the Estancia Valley.

Legal Access: Yes

Access Road: Toledo Avenue

Access Condition: Well-Maintained Dirt/Gravel Roads

Access Frontage: 285 Ft Southern Boundary

Power: At The Lot Line

Phone: Underground Telecom Along Toledo Ave

Water: Water Service By Emwt

Sewer: Septic Or Alternative System

Zoning & Restrictions

Zoning: Ranchos Encantados is zoned Rural Residential, a designation which allows for residential development including site built, custom, mobile and modular homes as well as certain agricultural uses. To learn more about the Rural Residential Zoning Designation, please see the PDF linked here.

No HOA: Despite being a well-maintained region with paved roads, utilities and many respectable home sites, the Ranchos Encantados subdivision has no HOA and no annual dues associated with land ownership.

Covenants, Conditions & Restrictions: When the Ranchos Encantados subdivision was created, the developer drew up a set of covenants and restrictions to run with the land. While most of these are what we like to refer to as "reasonable, good neighbor restrictions" dealing primarily with the disposal of trash and prohibitions on excess noise, there are a few covenants that deal with acceptable structures for the region as well as minimum square footage requirements of those structures. Because of this, anyone considering purchasing the land is encouraged to review the Ranchos Encantados Covenants and Restrictions document found here.

Covenants, Conditions & Restrictions, Cont'd: Notable conditions enumerated in the above-linked CCR document include the following: One story site-built homes must be a minimum of 720 square feet in size and Two story site-built homes must be a minimum of 1,200; Mobile homes must be at least 720 square feet, have a concrete footing and be skirted.

Zoning: Rural Residentia (Rr) Click Here

HOA: None

Covenants, Conditions & Restrictions: Yes

Annual Dues: None

Time Limit On Building: None

Title Info

Conveyance Document: This property will be conveyed one of two ways depending on how the buyer elects to fund and close the transaction. For anyone electing to pay our Company directly and outside of escrow, Hemingway Land will provide a Special Warranty Deed. For anyone electing to close through title and escrow and purchase title insurance, Hemingway Land will provide a Warranty Deed.

Title: Free & Clear

Liens and Encumbrances: None

Mineral Rights: None

Recent Survey: None

Title Insurance: None

Conveyance Document: Special Warranty Deed

Suggested Type Of Closing: Title/Escrow

Doc Prep Fee: Waived

Misc.

Fencing: It should be noted that the subject property features fencing along its western boundary. In addition, there is a survey pin marking the northeast corner of the land. The presence of such things means that the property boundaries have been well-established and that anyone purchasing the land will not need to pay for an expensive survey.

Topography: The subject property is largely flat which should make it easy to park, camp and ultimately build on.

Fire Department: It should be noted that Torrance County's District 3 Fire Station sits within a mile of the subject property. This means emergency services will never be far away if needed.

Nearby Towns

Albuquerque: 46 miles (50 min)

Santa Fe: 58 miles (1 h 6 min)

Rio Rancho: 59 miles (58 min)

Los Lunas: 68 miles (1 h 8 min)

Taos: 128 miles (2 h 28 min)

Nearby Attractions

Santa Fe County Tourism Site

Things To Do In Santa Fe

Things To Do In Abq

Santa Fe Railyard Arts District

Santa Fe Opera House

Museum of Indian Arts & Culture

Turquoise Trail

Ski Santa Fe

Nambe Falls

Mortenson's Eaves Movie Ranch