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Valencia County, NM Home Site / Investment Property (Visit this link)
0.25 acre Investment Property 25 Miles to Albuquerque,NM 70 Miles to Santa Fe.
There was a time when property located 25 miles from Los Angeles, Phoenix and Las Vegas was very very inexpensive. That time is now in Albuquerque.
The new Mexico Rail Runner Express is now complete (October 2009) which connects RDO to Albuquerque and Santa Fe making this sudivision a suburb of both cities.
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.
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. Due to this demand, an additional subdivision is currently being developed in Unit 19. For details regarding these subdivisions please review the VIA Strategic Development Plan above. 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.
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 University of New Mexico Valencia Campus, and the Resort and Casino in Isleta located about 25 miles from the property.
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.
Other lots in the same area have listed or sold $5,500 - $10,000 or more.
We accept PayPal, all major credit cards, cashiers checks and money orders. A Special Warranty Deed will be sent to you for verification, along with full deed recording instructions.
SIZE: 0.25 Acres
LEGAL DESCRIPTION: Unit 17, Block 9, Lot 1 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 Belen (Exit 191, approximately 35 miles south of Albuquerque). Travel east on State Route 548 (Camino Del Llano Road/Sosimo Pidaloa) towards Belen for approximately .93 of a mile. At this point, there is an intersection with State Route 314 (Main Street). Turn left onto State Route 314 and head north through downtown Belen for approximately .56 of a mile. At this point, there is an intersection with State Route 309 (Reinken Avenue). Turn right onto State Route 309 and head east for approximately 2.42 miles (you will cross the Rio Grande River). At this point, there is an intersection with State Route 47/6. Continue east through the intersection to River Road/Manzano Expressway and you are within the Rio Del Oro Development. 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.
CONVEYANCE DOCUMENT: Warranty Deed. We purchased the property with a Warranty Deed.
GENERAL ELEVATION: 5,300 feet.
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.
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 $29.00 per year.
TYPE OF TERRAIN: Flat to rolling with beautiful views.
Terms:
Purchase Price: 1999
Down Payment: $99
Monthly Payment $99
Interest Rate: 9%
Term: 20 Months
No Penalty For Pre-Payment
30% Cash Discount!
Contact Phone Number: 800-428-3760
Email Contact
Price: $1,999 USD
Submitted by: frontierproperties
Property ID Number: 18850
Property Title: Valencia County, NM Home Site / Investment Property
Added: Fri Aug 27 2010
Last Modified: Wed Sep 22 2010
