I want more information on this property
Rio Arriba, New Mexico
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TEXT DESCRIPTION OF PROPERTY FROM OUR WEBSITE BELOW
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt, U.S. president
This property is located in the high desert in Charma Valley about 2 hours from Santa Fe.
The lot is accessible via a dirt road. You may need 4×4 at certain times of the year to access the property.
Our understanding is that there is no zoning in effect here, but there are deed restrictions that limit the property to residential uses. There are about 60-70 homes in the subdivision.
“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” – Andrew Carnegie, billionaire industrialist
CASH DISCOUNT PURCHASE PRICE $7,999 + $395 DOCUMENT FEE
We accept personal checks, cashier’s checks, money orders and Zelle.
SELLER FINANCING AVAILABLE
$1 down with a $299 document fee and $199 per month for 60 months at 0% APR. No prepayment penalty. No credit checks.
HOLD PRICE $25
For $25 we can hold the property for you for 72 hours while you decide whether you want to purchase. If you buy the property, this will count toward the purchase price.
TITLE AND USE
What you can or cannot legally do on the land is controlled by the local government, not by us or any seller. Please contact the county, providing them with the parcel number, to confirm zoning, access, and available utilities.
ABOUT RIO ARRIBA COUNTY
According to riograndenha.org, “Río Arriba County is the largest land area within the Heritage Area, and it is the least populated. The City of Española is the primary municipality in the County, although it is a relatively small community surrounded by a number of villages within the Rio Grande Valley. The County Seat is in Tierra Amarilla, but Española is the gateway to all of Northern New Mexico, opening corridors to communities along the Río Chama, the Río Grande, and the High Road to Taos. A key archaeological attraction in the area north of Española is the Mesa Prieta Petroglyph Preserve. To the northwest along the Chama River is the village of Abiquiu and the Piedra Lumbre geologic formations.”
GPS Boundary Coordinates: 36.5610591346321,-106.692313107923 ;36.5617238927723,-106.693009515796 ;36.5603693826661,-106.694930272645 ;36.5602473889442,-106.694801382388 ;36.5598739464438,-106.694406996539 ;36.5593176669063,-106.693820942319 ;36.5590937529181,-106.693583691757 ;36.5604404134659,-106.691649318967 ;36.5606837545852,-106.69190237816
Legal Description: Subd: EL VADO LAKE Lot: 208 Unit: 11 S: 23 T: 27N R: 02E 10.00 AC.
TAXES AND HOA
Annual taxes are $94.12.
Annual dues for road maintenance are $100.
“Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!” – John Jacob Astor, real estate and business mogul
FREQUENTLY ASKED QUESTIONS
How do I use the GPS coordinates to find the property in Google Maps?
Note: these are sample coordinates, please copy the GPS coordinates from this listing page.
Can I build a home on the lot? Please contact the Rio Arriba County building and/or zoning department for more information on building permits and allowable structures.
Are there any improvements on the lot? No, the lot is vacant to the best of our knowledge.
Has a survey been done? No, we have not had a survey commissioned, but if you would like to perform a survey we would be happy to work with your chosen surveyor.
Is there water available on site? You will likely need to drill a well in order to access water.
Is there sewer service or do I need a septic tank? You will likely need to install a septic system or alternative system on site. Please note that a perc test has not been done to the best of our knowledge.
Is there power available? You will likely need to provide your own power.
What kind of deed will I receive? You will a receive a special warranty deed, which means the seller is guaranteeing that the property wasn’t encumbered during the time of his/her ownership.
How many people can be included on the deed? You can have as many people listed on the deed as you would like.
Can the deed be made out to an LLC? Yes, the deed can be made out to an LLC or corporation.
Does the property come with mineral rights? We buy all of our properties assuming that we only have the surface rights. In order to determine whether a particular property has mineral rights, you will usually need to hire a title company to run a mineral rights search going all the way back to the original homestead.
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” – Marshall Field, entrepreneur
We completed an extensive due diligence process on this lot, but we recommend you do your own research as well. Take the time to get to know your new property before purchasing – it could remain in your family for generations!
“Buy land, they’re not making it anymore.” – Mark Twain, writer and humorist
*Please note that all photos of the surrounding area come from FallsFamilyLand.
To offer high quality properties at reasonable prices, provide maximum transparency and always strive to do the right thing.
If you are interested in land investing, you can check out our article on How to Get Started in Land Investing.