Details
Location & Size
Rio Del Oro is a sprawling subdivision occupying 47,000 acres of land stretching from the I-25 and the Rio Grande River in the west to the Manzano Mountains in the east. Comprised almost entirely of quarter acre parcels, it makes up not only one of the largest residential subdivisions in Valencia County, but also one of the greatest expanses of undeveloped land in this rapidly growing region.
The subject property is a combination of four adjacent lots totaling 1 acre in size. For however small this acreage may seem, in this subdivision it equals a collection of parcels normally difficult to find. Additionally, because of its size, it is one of the rare properties which the County defines as "buildable" meaning not only that it qualifies for residential development but that it is of far greater value to its owner than the average smaller lots which surround it.
County, State
Valencia County, New Mexico
Lot Size
1 Acre
Nearest Town
Los Lunas
Street Address
Not Designated
Zip Code
87031
Boundaries
Attractions
Nearby Towns
Nearby Towns: Located just outside Los Lunas, the Rio Del Oro subdivision has easy access to groceries and supplies as well as big box stores such as Walmart and Home Depot. Additionally, plenty of fast-food restaurants, gas stations, post offices, banks, medical facilities and other daily necessities can be found within easy driving distance of this region.
Nearby Towns, Cont'd: Albuquerque, the largest city in the state, is also close, being only a quick twenty-minute drive north along the I-25. Home to a population of over a half million residents, this vibrant metropolitan area boasts plenty to see and do including museums, concerts, sporting events, nightlife, zoos as well as fine dining and high end shopping. In addition, it is home to the Annual International Balloon Fiesta, a week-long gathering held every October which brings together hot air balloon owners and enthusiasts from around the world.
Belen
13 miles (26 min)
Los Lunas
15 miles (32 min)
Albuquerque
35 miles (54 min)
Rio Rancho
55 miles (57 min)
Santa Fe
101 miles (1 hr 35 min)
Truth or Consequences
121 miles (1 hr 51 min)
Gallery
Information
Full Price
At checkout you’ll be asked to place a Non-Refundable Earnest Money Deposit of $500.
- You may elect to fund and close this transaction either by paying our company directly or by employing a title company. At checkout you'll be asked to select your preference.
- Within 24 hours of your deposit, we will email you the documentation that corresponds to your selection.
- If you elect to close outside of escrow, that email will include a new deed plus payment instructions. Buyers may pay the remaining balance via credit card, wire transfer or cashier's check.
- If you elect to close through a title company, that email will include a copy of a Sale/Purchase Agreement. You must review and sign this document within 96 Hours to open escrow. A copy of the sale/purchase agreement you'll be asked to sign can be viewed here.
- Please be advised, this is not an installment sale. This is a cash purchase. You should not initiate this transaction unless you are prepared to pay the entire cost of the land.
- This deposit is non-refundable.
Financing
Terms Offered: $999 Down Payment + $175 Monthly Payment x 32 Months; 90 Days Same As Cash
- At checkout, you’ll be asked to place a deposit of $999.00. This down payment will both secure the land as well as set up recurring billing for $175.00 to be automatically debited from your card each month.
- Within 24 hours we will email you a land contract which you’ll be asked to sign. This will be the document that demonstrates your equitable interest in the land until such a time as all payments have been made.
- Only once the balance has been paid in full will the property be deeded into your name.
- Our contracts contain only pre-payment incentives and no pre-payment penalties. The remaining balance can be paid at any time during the term of the agreement.
- A copy of the land contract you’ll be asked you sign can be viewed here.