1 ACRE IN THE RIO GRANDE VALLEY OF NEW MEXICO
MAJESTIC MOUNTAIN VIEWS
Rio Grande Estates is located in the desert grazing land between the town of Belen and the Manzano Mountains. It is approximately 50 minutes from Albuquerque and is close to New Mexico Highway 47. It has physical access via a dirt road that connects to the highway.
“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
Rio Grande Estates is an area with an oversized and somewhat sordid history. At one point, it was considered one of the biggest land swindles in history with the developer, Amrep, being accused of selling desert grazing lots to out-of-state buyers for far more than they were worth.
“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
Because of the Rio Grande Estates history, we were able to acquire this property at a very low price and are offering it through an ebay live auction at a starting bid price of $1. Annual taxes are also next to nothing so it will cost very little to maintain this property as a stopover spot for RV owners, hikers or hunters.
CASH DISCOUNT PURCHASE PRICE $1200 + $395 DOCUMENT FEE
We accept personal checks, cashier’s checks, money orders and Zelle.
SELLER FINANCING AVAILABLE $2200 + $395 DOCUMENT FEE
20% down with equal monthly payments for 12 months at 0% APR. NO PREPAYMENT PENALTY. No credit checks.
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.
“Don’t wait to buy real estate. Buy real estate and wait.” – Will Rogers, actor
Belen is one of the largest cities in Valencia County. It is geographically at the center of New Mexico and is a transportation hub for the state. There is a commuter railroad to Albuquerque and Santa Fe in Belen and several festivals throughout the year. The total population is around 7,000.
Property values in Belen and Valencia County are likely to see a boost due to the upcoming construction of a Facebook data center in Los Lunas (15 minutes outside of Belen). Los Lunas also recently won a $1.3 million federal grant to bring water infrastructure to the newly constructed Central New Mexico Rail Park. The construction of the rail park and its attendant infrastructure should bring thousands of jobs to the area, raising property values.
Coordinates: 34.6252106120255, -106.636327810514
Legal Description: Subd: RIO GRANDE ESTATES Lot: 2 Block: 619 Unit: 26
TAXES ARE PAID AND CURRENT
Annual taxes are $3.18. Taxes have been paid through 2018 and no back taxes are owed.
“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
Are there any improvements on the lot? No, the lot is vacant. There are no fences or buildings on the lot.
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.
“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