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. See image #7 for a Zillow estimate of average homes prices in the area.
“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 $10,550 + $395 DOCUMENT FEE
We accept personal checks, cashier’s checks, money orders and Zelle.
SELLER FINANCING AVAILABLE: $13,715 + $395 DOCUMENT FEE
20% down with monthly payments of $299 at 0% APR. NO PREPAYMENT PENALTY. No credit checks.
Sewer: If you want to develop a home on the plot, you will need to build a septic system.
Water: A well will need to be drilled for access to water.
Power: There is access to power, but you will need to pay for connection to the lot.
Roads: All the roads in the area are recorded, with legal access to the rest of the county.
Community Watch: There is an independent Community Watch for Tierra Grande.
Legal Description: Subd: TIERRA GRANDE Lot: 34 Block: 1 Unit: 24
TAXES AND HOA ARE PAID AND CURRENT
Annual taxes are $290.98. Taxes have been paid through 2018 and no back taxes are owed.
Annual HOA fees are $75. Fees have been paid through 2018.
|General Location||Subd: TIERRA GRANDE Lot: 34 Block: 1 Unit: 24|
|APN or Other ID||1022020265115000000|
|Legal Description||Subd: TIERRA GRANDE Lot: 34 Block: 1 Unit: 24|
|Property Type||Rural Land|
|General Elevation (in feet)||5680|
|Power||In the area|
|Water||Would be by well or alternative system|
|Sewer||Septic or Alternative System|
|Time to Build||No Limit|
|Title Info||Clear Title|
|Annual Property Taxes (Approx)||$290.98|
|Terms||$13,715 + $395 DOCUMENT FEE|