Gov. File# L-31063: 0.27 Acre in Valencia County, New Mexico
APN: 1-017-035-425-160-100260 | Account Number: R145006
Legal Description: RIO DEL ORO Lot: 26 Block: 23 Unit: 16
New Mexico property situated in a platted subdivision on flat, desert terrain right off Monterey Boulevard. A great investment lot, this parcel is very close to the well-developed El Cerro-Monterey Park Subdivision and Valencia High School! This parcel enjoys fantastic views of the Manzano Mountains and close to the famous Rio Grande River! It's less than an hour south of Albuquerque and is close to multiple major highways in up-and-coming area for real estate development! This land investment property is in a dry climate that does not require investors to deal with maintaining over growing grass and weeds.
Your winning bid is your down payment on the property and subtracted from the sale price of $3,472 you then make monthly installment payments at $49/month and the interest rate APR is 8%. There is a Buyer’s Premium of 17.5% on your down payment amount only and a low $249 closing cost. There are no prepayment penalties so you can pay the property off at any time which allows you to save on any future interest expense.
GPS Coordinates: 34.757443, -106.593865
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Some images may be of the general area and not of the actual property.
Asset Type: New Mexico Bid & Assume