For Sale- 1/2 acre lot in Rio Rancho New Mexico - SALE $10,995.00 OBO or pay only $229.00 per month. In Rio Rancho Estates! Unit 20, Block 35, Lot 10. (Lot 11 is also available for 1 full acre if you buy both lots)- MONEY MAKER!!!
This 1/2 acre lot is located 35 miles from Albuquerque, NM and 65 from Sante Fe. The High School ( V. Sue Cleveland High School: Phone #is built and ready to open in the Fall of 2009 where land prices will even increase more. The area is growing very quickly with many homes already built. There is already Walmart, schools, Casino etc. in the area. Get in before the prices are too high! Some 1/2 acre lots are priced over $60,000 in Unit 21 and over $35,000 in Unit 20. It would make a great vacation home or just as an investment with no time limit to build.
As the homes come closer to this unit the prices will continue to grow! WALMART is only 9 miles from this lot!
These Rio Rancho Estates lots are very desirable right now. It's a great time to invest in land! The new High School opens in 2009 in Unit 20! Click on the link to see the progress and construction pictures of the High school. CLICK HERE TO SEE THE NEW HIGH SCHOOL OR copy and paste the link http://www.rrps.net/NewHS/index.htm
This is an up and coming area where land values will only increase!!! Invest today! House sales are down but Land sales are up while investors are scooping up land for the next Real Estate boom while they can buy low!
This property represents an excellent short to long term investment in a high growth area. Located in the Rio Rancho Estates, this property is just outside of the booming community of Rio Rancho New Mexico (only 35 miles northwest of Albuquerque and 65 miles southwest of Santa Fe).
Rio Rancho Estates is in Sandoval County in spectacular Central New Mexico. The area lies atop a mesa which offers incredible views of the Sandia and Jemez Mountains. This high plateau overlooks the beautiful Rio Grande River Valley as it winds its way down from Colorado through New Mexico. The high altitude and dry southern climate provides for a very hospitable climate of pleasant summers and mild winters. The sun shines here over 300 days a year! This area is know for its spectacular sunsets and rustic yet sophisticated way of life. The Rio Rancho area is a great place to live with its clean streets, inviting parks, swimming pools, baseball fields, soccer fields, churches, synagogues, restaurants, stores and shops. This truly is the "Land of Enchantment"
Males: 36,849 (48.5%)
Females: 39,129 (51.5%)
Median resident age: 35.1 years
New Mexico median age: 34.6 years
Zip codes: 87124,Estimated median household income in
2007: $54,033 (it was $47,169 in 2000)
Rio Rancho: $54,033
New Mexico: $41,452Estimated median house or condo value in 2007: $181,600 (it was $111,900 in 2000)
Rio Rancho: $181,600New Mexico: $155,400Median gross rent in 2007: $: 961 buildings, average cost: $56,600
1997: 1014 buildings, average cost: $56,: 1052 buildings, average cost: $56,: 449 buildings, average cost: $89,: 576 buildings, average cost: $87,: 864 buildings, average cost: $94,: 857 buildings, average cost: $95,: 1021 buildings, average cost: $94,: 1213 buildings, average cost: $95,: 1202 buildings, average cost: $95,: 1935 buildings, average cost: $207,: 1147 buildings, average cost: $209,800
TOP EMPLOYERS IN RIO RANCHO 2008
Rio Rancho Public Schools- 1,838
INTEL CONTRACTORS- 1,300
BANK OF AMERICA- 700
CITY OF RIO RANCHO- 651
BYCON CONSTRUCTION- 422
SANDOVAL COUNTY- 406
VICTORIA SECRET- 400
JC PENNY CUSTOMER- 350
US COTTON INC- 210
DON CHALMERS FORD- 198
WASTE MANAGEMENT- 140
FORM-COVE MANUFACTURING- 125
INSIGHT LIGHTING- 114
AEROPARTS MANUFACTURING- 98
AQUATIC POOLS- 80
AERO MECHANICAL- 76
Other 1/2 acre lots in the Rio Rancho Estates are listed or sold for $20,000 - $100,000 or more depending on Unit location. For a price comparison, you can view a list of other similar properties at:
Copy and paste the link below for Google Maps for an Aerial View of the area
http://maps.google.com/maps?f=q &source=s_q &hl=en &geocode= &q=35.328227,&sll=35.314635,&sspn=0.007179,0.012767 &ie=UTF8 &t=h &z=16