Montezuma ( 17 lots) NE, Rio Rancho, NM
$ 400,000
Property Attributes
  • MLS#1012377
  • TypeLand
  • CountySANDOVAL
  • CityRio Rancho
  • AreaRio Rancho Mid-North
  • NeighborhoodRio Rancho Estates
  • Zip87144
  • Style
  • Taxes$ 850
  • Price$ 400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8.5 Acres
Data Source:
Southwest MLS (SWMLS)
Property Description

What a package this is for your investors. It is a total of 17 lots or 8.0 acres. 4.0 Acres is zoned C-2 (marked in orange ) 4.0 acres is residential (marked in green). See LO/SO Remarks for the taking that's going to happen to Lot 73. Priced at only $50,000 per acre for all. OWNER/BROKER. Would consider many options. Possibilities are owner financing, splitting up the Commercial from the residential at a different price structure or discount for cash.Water line in Norham (one block north). 5 lots front on Norham. Sewer line at Unser and Farol. (south one block of Montezuma)Topography varies.

Price History
4/12/2022 Listed $425,000
11/7/2022 6% - $400,000

General Features

Sewer None
Utilities None,SewerNotAvailable
Possession Closing
Topography Other,SeeRemarks
Township n/a
Current Use Commercial,Residential,Unimproved
County Sandoval
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Subdivision Name Rio Rancho Estates
Possible Use Commercial,Residential,Unimproved
Garage Y/N No
Status Active
Directions Unser Blvd north of Northern to Montezuma. No street signs. Use navigation. Right turn off Unser. Probably hard to traverse. Can come from the east off Broadmoor also.
City Rio Rancho
Buyer Agent Compensation 4%
Disclosures PrincipalisRealEstateLicensed,RANM2100Disclosure
View Y/N Yes
Senior Community Y/N No
Zoning Description C-2
MLS Area 151 - Rio Rancho Mid-North
Lot Size Square Feet 370260.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Montezuma ( 17 lots)
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 850.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 624
Standard Status Active
Tax Lot many
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Electric On Property Y/N No

Exterior Features

Lot Features Views,Acreage
Water Source Public
Spa No
Lot Size Acres 8.5
Lot Size Source PublicRecords
Number of Lots 17
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
LotDimensionsSource PublicRecords


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 87144

AVG $40K
AVG $12,952
AVG 49
Data Provided by Inside Real Estate®

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