This 1.0 acre of New Mexico Land for Sale is comprised of two adjoining 0.5 acre parcels and lies in Sandoval County, NM. The home has to do with 20 miles northwest of Albuquerque, NM and about 35 minutes driving from Albuquerque. The home is nevertheless, just 8 minutes from the new City Center for Rio Rancho, NM which is the 3rd biggest city in New Mexico and among the fastest growing.
We currently do not have any images of this property readily available although expect to have them within the next 2 weeks. We have comprehensive experience in this location throughout the years and each time I have visited it seems more industrial growth and major structures have been completed. These 2 adjacent properties that comprise 1 complete acre are a corner Lot along one of the primary roadways with the subdivision called King Boulevard. The town hall is only about a 3 miles drive east where you can find the Santa Ana Star Center, University of New Mexico West, Central New Mexico Community College, UNM Sandoval Regional Medical Center, Hewlett Packard, and City Hall! Further south in Rio Rancho you will even find Intel which states to me that this area will continue to offer tasks and development for many years to come.
There is power at the nearby next-door neighbor which has to do with 1/3 of a mile to the SE. Simply east of this next-door neighbor is a pocket neighborhood with nice houses and totally developed community. Currently a well would need drilled for water and a septic tank installed for waste. Having both lots together would get a well to be drilled here as the state of New Mexico needs 3/4 of an acre for a conventional well and septic.
Beyond the investment value of these 2 parcels, this is an exceptional place to play and live. West of this subdivision are lots of trails for ATV, dirt bikes, 4x4, treking, horseback riding, golfing, and so on. With quick access to town, but without the high costs and taxes this is an excellent home for a homesite or a terrific place to bring up a Recreational Vehicle and have some enjoyable.
This property is priced this low because it is still outside the city restrictions, but likewise priced higher than property on the western side of the subdivision due to the fact that it literally sits right on the city line. This indicates that when the next development spurt hits and the city line expands, this home's value will immediately go up! There is a lots of upside in this financial investment land consisting of having a tax liability of just $20/year today and no association or charges. This means you can hold this home long term without having the high yearly expense than many other financial investment homes usually have.
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