RESIDENTIAL LOT CLOSE TO POWER IN QUIET, COUNTRY SETTING

The subject property is 8.21 acres and is a combination of three adjacent lots located along Palomino Drive in Moriarty Heights, a residential community situated east of Moriarty and just south of Interstate 40.

Located within forty minutes of Albuquerque, this community is comprised largely of mobile and manufactured homes on parcels with an average lot size being +/- 3 acres. Because of this, many of its residents are transplants from the nearby Metro area who prefer the wide-open spaces and privacy afforded them in this quiet country setting.

When we speak of property we typically use an address -- 123 Main Street for instance. 

As most vacant land does not have a physical address, however, county governments will identify it in other ways, such as a "legal description", a parcel number or a tax code. The information provided in the table to the right are the ways in which the various state and county agencies will identify this specific parcel of land. These signifiers are important to have when speaking with these agencies - whether they be the assessor, the zoning office, or even the local utilities - and may prove invaluable when initiating conversations about whatever research a buyer intends to do.

Whenever one exists or has been assigned to the land, the physical address will be included in this table.

Roads & Access: The subject property is located along Palomino Drive. Like all of the roads in this region, Palomino is a well-maintained gravel road which should be easy to navigate in any vehicle type.

Power & Utilities: While residential power lines and underground utilities can be found throughout the Moriarty Heights subdivision, along Palomino Drive they stop a half mile west of the subject property at the nearest developed home site. As most of the roads in this region are outfitted with these utilities, it’s likely that the remainder of Palomino Drive is either already ear-marked to have these services extended or can easily be done for anyone developing a home in the region. Anyone looking to investigate the costs associated with getting service extended to the subject property is encouraged to contact the Central New Mexico Electric Cooperative, the local utility servicing this region.

Zoning: Moriarty Heights is zoned Rural Residential, a designation which allows for residential development including mobile and modular homes as well as certain agricultural uses. To learn more about the RR Zoning Designation, please see the PDF linked here.

No HOA: Despite being a well-maintained region with nice roads, utilities and many respectable home sites, the Moriarty Heights subdivision has no HOA and no annual dues associated with land ownership.

Covenants, Conditions & Restrictions: When the Moriarty Heights subdivision was created in the early 1970's, the developer drew up a set of covenants and restrictions to run with the land. While most of these are what we like to refer to as "reasonable, good neighbor restrictions" dealing primarily with the disposal of trash and prohibitions on excess noise, there are a few covenants that deal with acceptable structures for the region as well as minimum square footage requirements of those structures. Because of this, anyone considering purchasing the land is encouraged to review the Moriarty Heights Covenants and Restrictions document found here.

Covenants, Conditions & Restrictions, Cont’d: Notable conditions enumerated in the above-linked CCR document include the following: No SFR may be smaller than 750 square feet; Mobile and modular homes must be at least 600 square feet; Anyone using a mobile home as a permanent dwelling must have a concrete foundation and permanent apron applied within six months of ground-breaking; Lots may not be subdivided or used for non-residential purposes.

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Conveyance Document: This property will be conveyed one of two ways depending on how the buyer elects to fund and close the transaction. For anyone electing to pay our Company directly and outside of escrow, Hemingway Land will provide a Special Warranty Deed. For anyone electing to close through title and escrow and purchase title insurance, Hemingway Land will provide a Warranty Deed.

The Hemingway Land Company does our best to represent the properties we list as accurately as possible. Our research, however, will always be limited. 

Because of this, included in the table to the right is a list of the relevant state and county governments, agencies and authorities as well as local utilities (and all their respective websites and contact information) which should help to answer any questions a buyer may have about developing this specific property.

Whenever possible it is best to speak with these agencies first as they will always be a far greater source of information about the local region and the regulations which govern it.  

Individual Lots: Anyone looking to purchase land in this region who cannot afford this 8.2 acre parcel will be glad to know that each lot is also being offered individually. The eastern most lot (A) is priced at $11,000 and its listing page can be found here. The middle lot (B) is priced at $12,000 and its listing page can be found here. And the western most lot (C) is priced at $13,000 and its listing page can be found here.

Located just ten minutes outside of Moriarty you'll have easy access to groceries and supplies as well as fast food restaurants, gas stations, post offices, and banks. Edgewood, an additional ten minutes west along the I-40 is where you'll find the nearest Walmart Superstore as well as additional big box stores and grocery chains. Furthermore, Albuquerque, the largest city in the state, is just a quick twenty-minute drive west and is likely to have whatever product or service you can't procure in Edgewood or Moriarty.

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