.25 Acre Buildable Parcel Outside Of Albuquerque

Description

Great Views of Mountains, Close to Highway, No Reserve - Excellent Long Term Investment

Are you looking for land that is going to increase in value and provide you with investment appreciation year after year even in today's economy?

There's an old maxim in real estate that says always invest in the path of growth. Well, the subdivision of Rio Del Oro provides just that opportunity. Valencia County has grown an unbelievable 46% in the last 10 years.

Rio Del Oro offers investors like you a rural setting yet all of the conveniences of a modern city. Bask in the open countryside wildflowers under the picturesque backdrop of the Manzano Mountains.

Whether you enjoy hiking, golfing, cross country skiing or just the realization that you've acquired land in the path of growth, ultimately, one day you will be rewarded for your vision.

I read a great quote the other day by a professional real estate investor asking why people were so comfortable buying land at the top of the market and so fearful buying at the bottom.

Take advantage of the current land market's deflated prices while you can. I'm proud to be able offer such a unique investment to you to help secure your future and your children's future in the years to come.

As Wayne Gretsky has famously said, "You miss 100% of the shots you don't take." We may never see prices this low again for excellent property.

PROPERTY INFORMATION

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 plus there is not time limit to build!

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. This auction is for a lot in unit 4. Due to this demand, an additional subdivision is currently being developed in Unit 19.

Homes sell for approximately $115,000 in these areas.

We believe these lots provide 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 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.

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.

Legal Description

Rio Del Oro Unit 5 Block 36 Lot 12.

LEGAL INFORMATION

Size - Approximately .25 Acres or 10,890 Square Feet.

Terrain - Flat to rolling meadows with pines, mountain views

Access - See Maps Below.

Zoning - Residential Contact The Valley Improvement Association for details (505-864-6654)

Sewer - In the subdivision but not to the lot line.

Water - In the subdivision but not to the lot line.

Utilities - In the subdivision but not to the lot line. Cell Service is everywhere.

Conveyance - Warranty Deed

Time Limit to Build - There is no time limit to build. Is the property buildable? All real properties need some type of improvement before a structure can be erected. The location of utilities, foliage removal, zoning, and other location specific details apply to this parcel. Please walk the property and contact the county for the answers to these questions.

Taxes - Back Taxes are due on the property about $193.00

Terms - N/A

Association Dues - Approximately $12/year. There are about $36 of back fees due on each property. Contact The VIA for exact amount 505-864-6654

Mineral Rights - N/A

Title Information - N/A

Other properties in the same area have listed or sold between $1,000 - $20,000 or more per acre.

FINANCIAL INFORMATION

Price $997

Financing Available No.

Other properties in the same area have sold for between $1,000 and $20,000 less per acre.

Geographic Information

GPS COORDINATES - Lat/Long 34.635989렂.719475

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 47ǜ. 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.

GENERAL ELEVATION - 5,300 feet

To see a video of this property, please view this listing from the website for Frontier Properties USA http //www.frontierpropertiesusa.com/quarte-acre-buildable-parcel-outside-of-albuquerque/

Our land comes with a 100% Satisfaction, 100% Money Back 90 Day Guarantee.

When you purchase land from Frontier Properties you are a protected by a 100% money back 90 day guarantee. If you are not satisfied that this land is what we told you it was we will refund your money in full or exchange it for any other land in our portfolio. We have a 100% satisfaction guarantee to ensure you are completely protected when you purchase rural land through Frontier Properties.