5.70 ACRES IN TIERRA GRANDE, NEW MEXICO
See Property Details 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 plot is part of the existing Tierra Grande subdivision, which has some 1,900 other lots. The subdivision is accessible from multiple highways, including Interstate 25, New Mexico Highway 47 and U.S. Highway 60 (which runs through Tierra Grande).
The area is zoned for single family residential and residents are allowed to keep 2 horses per 5 acres.
Homes in the area sell for an average price of about $114,000, so building a house is a great way to increase the value of this lot. See image #7 for a Zillow estimate of average homes prices in the area.
“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
$4,379 $2,899 + $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 22 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 TIERRA GRANDE
Tierra Grande is a subdivision within Valencia County, New Mexico. As part of your purchase of this lot, you will buy into 14,000 acres of permanent open space, conserved and maintained by the Tierra Grande Improvement Association. The area also borders the Manzano Mountains, which has many trails for hiking, backpacking and horseback riding. The area is known for the beauty of its night sky, which has been declared by New Mexico as one of the state’s Most Endangered Cultural Resources.
Belen is only 17 minutes away from Tierra Grande and is geographically at the center of New Mexico. 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 and 30 minutes from Tierra Grande). In addition, Los Lunas was recently awarded a federal grant to build water infrastructure out to its new BNSF Central Rail Park. The construction of the rail park and its attendant infrastructure should bring lots of jobs to the area.
Sewer: If you want to develop a home on the plot, you will need to build a septic system. The Tierra Grande Improvement Association recommends the following companies: LAV Construction/Septic(505) 315-1124 RC Septic (505) 873-4230 G & E Septic Tanks (505) 203-4077 Rick’s Septic Systems (505) 440-6519 Frank’s Septic (505) 864-4208
Water: A well will need to be drilled for access to water. The Tierra Grande Improvement Association recommends the following well drilling companies: Gallup Drilling (800) 485-1477 Gilbert Pump & Well (505) 865-6923 Moya Drilling (505) 869-9188 Rogers & Co. (505) 877-1030 Maez’s Water Source (505) 865-7817 American Drillers (505) 271-2552 Elliott Brothers (575) 772-2677 Outrider Wells/Pumps (505) 480-6350
Power: There is access to power, but you will need to pay for connection to the lot. Contact Socorro Electric Cooperative, (575) 838-6420 or NM toll free 1-800-351-7575.
Roads: All the roads in the area are recorded, with legal access to the rest of the county. Most of the roads are dirt roads, but you may contact the Valencia County Road Department at 505-866-2473 to see if the County will improve your road.
Community Watch: There is an independent Community Watch for Tierra Grande.
“Don’t wait to buy real estate. Buy real estate and wait.” – Will Rogers, actor
GPS Center-point Coordinates (approx.): 34.5325°, -106.6373°
GPS Boundary Coordinates (approx.): 34.5328699187365,-106.636280657636 ;34.532898180479,-106.636340097187 ;34.5329304049835,-106.636396515718 ;34.5329663716895,-106.636449529842 ;34.533005835627,-106.636498777845 ;34.5330485274091,-106.636543921864 ;34.5334285247937,-106.636913409832 ;34.5323949060836,-106.638465532701 ;34.5315257387742,-106.637620394361 ;34.531217461029,-106.63732064469
Legal Description: Subd: TIERRA GRANDE Lot: 10 Block: 13 Unit: 3 5.70 AC
TAXES AND HOA ARE PAID AND CURRENT
Annual taxes are $25.54. Taxes have been paid through 2019 and no back taxes are owed.
Annual HOA fees are $50. Fees have been paid through 2019.
“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
Is there water available on site? You will need to drill a well in order to access water.
Is there sewer service or do I need a septic tank? You will need to install a septic system on site.
Can I build a home on the lot? Yes, you can build on this lot. Please go to the Valencia County building department for more information on how to obtain a building permit. Please note that mobile and manufactured homes are not allowed on the lot.
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 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
Our mission is 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.