New homes a couple blocks away to the southeast and the Sandia Mountains in the distance.
Rio Rancho is a suburb of Albuquerque about 15 miles to the northwest as the crow flies. It is the fastest growing city in New Mexico. These two adjoining 1/2 acre lots totaling one acre are in one of the developed units as seen in the section map link. The big thick black line on this map is the current city limits and part of this unit is in the city limits which is just a few blocks away to the east. The county assessed value is $8,712.00 each. We got a great buy on these ourselves and are able to turn around and offer them at a great price to you! We previously sold a lot in unit 8 for $12,000 in 2006 and another one for $8500 in 2007 and I think these prices are a great investment!!
These lots are located just west of Rainbow Avenue and just south of Sandia Boulevard as seen in the map links above. These are both major roads in the subdivision. All of the photos were taken in May 2009 of this lot and it's surrounding views. As you can see in the photos as well as the aerial photo map above there is a subdivision just to the southeast a few blocks. Rainbow Park, one of the city parks, is located to the southeast as seen in the street map. We had cell service at the property. I do see power poles in the distance in some of the photos but didn't see any power in the immediate area.
The lots sit on a lower part of a very gentle rolling hill and a bit of it is more up on the hill. I took the photos on the east side of this hill so you could see the new and older homes that are in this area. There are a lot of homes to the southeast about one mile away. There are a few scattered trees and there were lots of pretty scattered wild flowers! : ) It is a beautiful view of the long range of the Sandia Mountains from the northeast to the southeast.
We really believe in Rio Rancho as an investment and if you are looking for more lots to invest in please contact me to discuss our inventory. We own all of the properties free and clear and all of them have title insurance available - these were not purchased through a tax sale!!!
If you are new to investing in Rio Rancho I really encourage you to take a moment and click on our Sandoval County web page that we have a link to towards the bottom of the page. You will find quite a bit of information and pictures about the growth of Rio Rancho. I have really seen this place take off since I started exploring land here - incredible growth. In May 2009 we visited and still saw infrastructure growth and new businesses and homes being built even in this slower economy as you can read about and see photos of in the "subdivision information" section below. Enjoy! Char the Explorer : )
That's me, Char, standing on the property enjoying the warm sunshine! : )
That's Josh standing on the road that runs along the north of the property - and I'm not sure what the heck he was doing! : )
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SUBDIVISION INFORMATION:
Update May 2009: It was a beautiful time of year to visit Rio Rancho with lots of pretty spring flowers and warm sunny weather as we explored a few different units and poked our nose around to see if things are still growing there. We noticed quite a bit of growth happening still with new subdivisions, houses, streets, and businesses being built! The Rio Grande was pretty full and the Bosque along it was a plush green. As we drove around it was easy to see that this place is still moving along even during the economic downturn!
There continues to be a lot of construction around the Santa Ana Star Arena and new City Center. I got my first glimpse at V. Sue Cleveland High School, the 2nd high school in Rio Rancho which is set to open in fall of 2009 - home of the Storms! Other projects being built at the City Center area include Hewlett-Packard Customer Service Center (scheduled to open late 2009), University of New Mexico West campus (scheduled to open spring 2010), a community college, and the University of NM Sandoval Regional Medical Center (scheduled to open 2011). This facility is expected to have 75 private rooms with the capacity to expand to 120 beds and more than 400 workers are expected in the first year. Services will include emergency services, urgent care, surgical services and more!
The Albuquerque Journal named some of the projects the federal stimulus program will fund and on that list was money for the Paseo del Volcan Road project. The city has learned that it will receive $14 MILLION and will solicit bids for the construction of the extension of Pasel del Volcan from Iris Road to US 550. This will create new access to the city center. I was pleasantly surprised to see just how much this place continues to grow!
The Rio Grande was full and it was a beautiful rich green along the Bosque!
Lots of new construction by the new Arena and City Center!
 
 
More new construction and a new commercial building at Unser and McMahon Blvd!
 
Josh getting his first glimpse at the Santa Ana Star Center- too bad we didn't have a few more hours to catch the game that day!
 
My first glimpse at V. Sue Cleveland High School which is the 2nd high school for Rio Rancho set to open the fall of 2009!
 
 
The Santa Ana Star Casino - a wonderful place to stay and play in Bernalillo:
 
Construction by Northern Blvd and Unser:
 
 
New growth in unit 22 and me enjoying the warm sunshine and giving my best Vanna White pose!
 
I dont often get my camera out quick enough to catch the rabbits but this guy put on a show for me!
 
 
 
I got a kick out of the Chili's sign - seems so fitting in the area!
 
This is an Indian Pueblo just west along I80 on your way to Gallup. I always marvel at the old homes built into the side of the hill - incredible that it is still inhabited today! The drive west to the border of Arizona is a beautiful drive!
 
Located 15 miles north of Albuquerque and 50 miles southwest of Santa Fe, Rio Rancho sits high atop a mesa offering stunning views of the Sandia Mountains and Rio Grande! Rio Rancho is located in the heart of New Mexico, just north of Albuquerque. Anchored by chip maker Intel with over 5000 employees as well as Victoria Secret and Sprint, this master planned communities pro-business attitude and a high quality of life makes this New Mexico's fourth largest city.
If you drive west out of Albuquerque and then head north up into Rio Rancho you will be amazed at the growth. Five years ago when I first visited this area they were redoing the interstate through the middle of Albuquerque and these were just overhead signs with no exit to anywhere yet. Now...it's homes built the entire way out to these exits west on I40 and then north into Rio Rancho. Take the drive! Go see it for yourself! I believe in Rio Rancho as an investment and encourage you to explore the growth in this area! Char the Explorer : )
Albuquerque was named in May 2005 as the 5th best place in the USA for Business and Careers by Forbes Magazine
Albuquerque was also named in June 2006 as the 3rd out of 50 Smart Places to Live in the USA by Kiplinger's Personal Finance Magazine.
ADDITIONAL STATE INFORMATION:
New Mexico's new liquid waste regulations went into effect in September of 2005. These regulations will provide the highest quality to the environment and was greatly needed with the drought situations over the years. Smile4u Inc greatly encourages you to research the new regulations to understand what you will be allowed to do with your property. We have not researched the ground to depth water in any of the areas we sell land in. If the property does not meet the new standards for conventional septic systems, other ideas to research are: installing complete retention systems such as holding tanks, waiting till public utilities are provided in the street, or to purchase an adjoining property. The new regulations for undeveloped lots platted before February 1st, 1990 require at least 3/4 of an acre for a conventional septic system and 3/4 of an acre in areas with depth to ground water 100 feet or less. There are sunset provisions that allow a 3-5 year period for you to install using the old guidelines. After the sunset period is over you will need to comply with the new regulations. If you would like to see a copy of the new regulations that we obtained from the State please Click Here. We also have information we can email you if you would like to research retentions systems. We actually came across a subdivision in Kansas a few years ago that had several hundred properties that all were required to use holding tanks so don't be afraid to think outside the box!
For more information and pictures from our journeys to the area click here: Sandoval County
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Please conduct your due diligence research and be sure to ask all questions prior to hitting the "Buy Now" button below.
Once you click on the "Buy Now" button we put a Sale Pending notice on the listing and email out further instructions. Within 24 hours we must receive a response to that email that includes your contact information. Payment is due within 5 days unless prior arrangements are made. We often have several interested buyers in the same property and in fairness to all interested parties we keep the property available until someone is 100% prepared to complete the transactions.
The purchase price plus a $150.00 doc prep fee buys 100% ownership of this property!
We will prepare all documents necessary to transfer ownership and even include a check to cover all recording fees and transfer taxes as well. We will also include maps to assist you in locating the property. It's all part of the $150 doc prep fee! Buyer will have 5 days to send payment by cashiers check, money order, Visa/Master/Discover Card or we also accept Paypal.
With our sincere thanks,
Mark, Charlotte, Derek, and Josh : )
Cash Price $6,500.00 Or Best Offer!
County Assessed At $8,712.00 Per Lot!
Please feel free to call Char at 360-550-8943 with any questions! We are on Pacific Time!
To view our other available Properties, please Click Here
Thank you for looking!
