Located just west of the 41 and north of McIntosh in the El Rancho Grande subdivision, this one acre lot is ideal for anyone looking to trade their congested urban lifestyle for a quaint community nestled in the heart of the New Mexico countryside. Sitting only a little more than a half hour drive from Albuquerque, you’ll find that living here will provide you easy access to all the entertainment, nightlife, sporting events and culture offered by the nearby city while still giving you a quiet place to call your own. Best of all, this is an affordable small town that will see your dollar go a lot further than it would in nearby Albuquerque, Rio Rancho or even Santa Fe.
The Torrance County Assessor places the market value of this one acre lot at $3,500, meaning at this purchase price, you could very easily buy this land and resell it for a fast profit.
Things To Know: This property is located on Otero between Clubhouse and Rio Vista Roads. While there are houses on both ends of the street – and power to both houses – the power lines do not extend down the street to this lot. Anyone interested in this property will either need a solar alternative or will have to speak to the power company about extending power to the property. This lot has been discounted below our other 1 acre lots which have power to accommodate this situation.
We have two other 1 acre lots also located on this street. Both lots are in close proximity to this one though they are NOT adjacent. For more information on those lots visit the listing pages for TRNM-1778F and TRNM-1778G.
|Best Attribute||Mobile, Modular Friendly Neighborhood|
|APN or Other ID||1048044151032000000|
|Legal Description||El Rancho Grande Subdivision, Lot 23, Block 8, Unit 3|
|Property Type||Rural Land|
|Terrain||Flat With Blue Skies|
|General Elevation (in feet)||6264|
|Power||At lot line|
|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)||$27.18|