|
0.25acre Investment Property 25 Miles to Albuquerque,NM
The subdivision of Rio Del Oro (RDO) provides a great opportunity to own investment property just 25 miles south of Albuquerque, in scenic central New Mexico. Already a suburb of Albuquerque, this subdivision has explosive growth and development potential.
RDO is professionally managed by the Valley Improvement Association (wonderful people who believe in this development). They have put together Strategic Development Plan. Please click here to review the document. (Adobe Reader Required). This document is very informative.
A few years ago developers purchased over 600 acres in what was then units 46, 55 & 57 of RDO, consolidated and re-plated the lots and successfully completed two subdivisions; Las Maravillas and Pasitos del Cielo. proving market demand. This auction is for a lot in unit 50. Due to this demand, an additional subdivision is currently being developed in Unit 19. For details regarding these subdivisions please click here. Homes sell for approximately $115,000 in these areas.
We believe this lot provides an excellent short to long-term investment in an area that has all of the conveniences of an urban development but located in a private and rural like setting.
The open countryside, with its native grasses, wildflowers and the nearby Manzano Mountains towering over 10,000 feet, provide a picturesque backdrop to the property. Located in the Cibola National Forest, the Manzano Mountain Wilderness covers nearly 37,000 acres, encompasses most of the mountain with incredible hiking, cross country skiing and an abundance of wildlife.
A short distance from the subdivision, you ll find a golf course and just off the interstate is the entrance to the Senator Willie M. Chavez State Park. Nearby conveniences include a Wal-Mart (and a Wal-Mart distribution Center), Senior Center, shopping centers, churches, hospital, library, gas stations, grocery stores the Tierra Del Sol Country Club and Golf Course, the University of New Mexico Valencia Campus, and the Resort and Casino in Isleta located about 25 miles from the property. For a list of area employers please click here.
With an elevation of 5,060 feet, the climate couldn t be better. The winters and summers are mild with summer temperatures in the 70 s and 80 s and mild winter highs in the 40 s and 50 s. Clear skies and lots of sunshine make this an attractive investment property. There are about 350 sunny days annually which lends itself well for future development.
Rio Del Oro is a very large under-developed community. The main population of the area is along the I-25 corridor and the Rio Grande River. The Rio Communities lie to the east of this main corridor (see maps below). There are scattered subdivisions throughout this area and there are other areas of no development. There are many nice homes in the already developed areas.
This area is rapidly growing in value and popularity. Valencia County's population has grown an unbelievable 46% in the last 10 years alone, with many new homes in the area. The City of Belen has a population of 6,900 and the "Rio Communities" have another 5,800. For Belen facts please click Here.For the Chamber of Commerce Brochure please click Here.
Other lots in the same area have listed or sold $5,500 $10,000 or more. For a price comparison, you can view a list of other sellers properties at:
Comparison Values
Comparison Values
YOU ARE BIDDING ON THE FULL PRICE OF THIS PROPERTY (NOT PAYMENTS). The total and complete cost of this property is the $125.00 doc/prep fee (see details below) plus the winning bid amount. Payment must be made within 3 days of the auction close date.
There is a $125 documentation preparation and recording fee to be paid by the buyer within three days of the auction s end (this is our approximate cost to conduct the auction). Mission accepts Paypal, all major credit cards and money orders. A Special Warranty Deed will be sent for your signature with full deed recording instructions.
SIZE: 0.25 Acres
LEGAL DESCRIPTION: Unit 50, Block 19, Lot 34 Rio del Oro Subdivision STATE: New Mexico.
COUNTY: Valencia County.
GENERAL LOCATION: 25 miles south east of Albuquerque.
DRIVING DIRECTIONS: From Albuquerque travel south on Interstate 25 to exit 195 (Belen). Travel east on the service loop to State Road 47 and continue to travel to Manzano Expressway (the entrance to the subdivision). Turn east. You are in the subdivision. See all related maps for details below.
SPECIAL NOTE: These directions are being provided to you as an aid in helping you find the general area in which the property is located, not the exact location of the lot. The directions have been derived from several sources of information that may have included an actual site visit on our part. Other aids such as a plat, area or B.L.M. maps may be required to find this property. If you are planning a site visit, Click Here.
TITLE INFORMATION: There are no liens associated with this property.
CONVEYANCE DOCUMENT: Special Warranty Deed. We purchased the property with a Warranty Deed.
GENERAL ELEVATION: 5,300 feet.
Information about our company and closing instructions. Please read this prior to making your bid.
ZONING: Residential.
POWER: In the subdivision but not to the lot line.
PHONE: In the subdivision but not to the lot line. Most cell phone signals are strong due to proximity to the freeway.
WATER: In the subdivision but not to the lot line.
SEWER: In the subdivision but not to the lot line.
SPECIAL NOTE: Power, phone, water and sewer currently serve the development primarily in units 46, 55, 57 and exist in whole or part in units 47 through 64. Current local and state environmental regulations do not allow wells or septic systems to be installed on lots of this size. We believe that this property is best suited for short to long-term investment rather than residence. For details please click here.
ROADS: Well maintained dirt roads in the subdivision around the loop. Please see maps below for details. Roads are not currently maintained to the lot lines.
PROPERTY TAX: About $12.00/year. Taxes are or will be current at the time of recording.
COUNTY RECORDING FEE: $9 paid by purchaser directly to the county.
TIME LIMIT TO BUILD: N/A
ASSOCIATION DUES: About $12.00 per year. Valley Improvement Association (wonderful people who believe in this development).
TYPE OF TERRAIN: Flat to rolling with beautiful views.
INTERNAL CODE: RDO_U50_B19_L34
To view photographs and maps please click on the links below.
100s of photographs of the land
Many great maps of the property and the area
Photographs of Las Maravillas (existing subdivision)
Local News Paper Link Subdivision map
Unit map for the lot
Plat map of the lot
Important Note: Mission Equity Properties, LLC will not offer
"Second Chance Offers". Please review the information at this link for details.
|
