NO RESERVE - BID NOW!
Ten (10) Day Absolute Auction
Residential Use Land
0.25 Acre Lot in Rio Del Oro, Valencia County, New Mexico
We offer for sale at absolute auction, no reserve, no minimim bid, this .25 acre vacant land parcel located in Rio Del Oro Estates, Valencia County, New Mexico. Your high bid plus our $399 closing fee is the total price. You are not bidding on a down payment, there is no buyers premium. The total price is truly your high bid plus the closing fee. (Note: the closing fee covers our ebay expenses, title transfer and recording fee, deed preparation and our attorney fee.)
The lot is undeveloped, but we are told is buildable. We would ask that you please do all your own investigation on the lot, the development, the HOA, the area, the county, and of course visit the property before bidding. We also ask that you please NOT bid unless you fully intend to close. Annual taxes are just $5. Annual HOA dues are $32.71. There is a small amount of back taxes and dues which are to be assumed by the winning bidder. They are stated below. Please consider this added expense when you consider your bid. Please ask any questions and please perform all due diligence before bidding. We wish you luck and thank you for considering this asset. Thanks for your interest in our property
ABOUT RIO DEL ORO.
The subdivision of Rio Del Oro (RDO) provides a great opportunity to own investment property just 25 miles south of Albuquerque, in scenic central New Mexico. Already a suburb of Albuquerque, this subdivision has explosive growth and development potential.
RDO is professionally managed by the Valley Improvement Association (wonderful people who believe in this development). They have put together Strategic Development Plan. Please click here to review the document. (Adobe Reader Required). This document is very informative.
A few years ago developers purchased over 600 acres in what was then units 46, 55 & 57 of RDO, consolidated and re-plated the lots and successfully completed two subdivisions; Las Maravillas and Pasitos del Cielo. proving market demand. This auction is for a lot in unit 4. Due to this demand, an additional subdivision is currently being developed in Unit 19. For details regarding these subdivisions please click here. Homes sell for approximately $115,000 in these areas.
We believe these lots provide an excellent short to long-term investment in an area that has all of the conveniences of an urban development but located in a private and rural like setting.
The open countryside, with its native grasses, wildflowers and the nearby Manzano Mountains towering over 10,000 feet, provide a picturesque backdrop to the property. Located in the Cibola National Forest, the Manzano Mountain Wilderness covers nearly 37,000 acres, encompasses most of the mountain with incredible hiking, cross country skiing and an abundance of wildlife.
A short distance from the subdivision, you’ll find a golf course and just off the interstate is the entrance to the Senator Willie M. Chavez State Park. Nearby conveniences include a Wal-Mart (and a Wal-Mart distribution Center), Senior Center, shopping centers, churches, hospital, library, gas stations, grocery stores the Tierra Del Sol Country Club and Golf Course, the University of New Mexico Valencia Campus, and the Resort and Casino in Isleta located about 25 miles from the property. For a list of area employers please click here.
With an elevation of 5,060 feet, the climate couldn’t be better. The winters and summers are mild with summer temperatures in the 70’s and 80’s and mild winter highs in the 40’s and 50’s. Clear skies and lots of sunshine make this an attractive investment property. There are about 350 sunny days annually which lends itself well for future development.
Rio Del Oro is a very large under-developed community. The main population of the area is along the I-25 corridor and the Rio Grande River. The Rio Communities lie to the east of this main corridor (see maps below). There are scattered subdivisions throughout this area and there are other areas of no development. There are many nice homes in the already developed areas.
This area is rapidly growing in value and popularity. Valencia County's population has grown an unbelievable 46% in the last 10 years alone, with many new homes in the area. The City of Belen has a population of 6,900 and the "Rio Communities" have another 5,800. For Belen facts please click Here.For the Chamber of Commerce Brochure please click Here.
Property Description
Legal Description: Rio Del Oro Unit 47, Block 22, Lot 1
Parcel Number: 1011028510445100110
Zoning: Residential
Roads: Hard surfaced, dirt
Power: Electric - utilities are not yet to the lot
Water: N/A – Check with County Offices
Sewer: N/A – Check with County Offices
Taxes: $5 per year. Buyer assumes back taxes of $78.14 as of November 5, 2009.
HOA Dues: $32.71 per year, buyer assumes back dues of $107.42 as of November 5, 2009
Deed Type: Special Warranty
YOU ARE BIDDING ON THE FULL PRICE OF THIS PROPERTY (NOT PAYMENTS). The total purchase price of this property is the winning bid plus a standard $399.00 documentation fee. Documentation Fee covers all document creation and recording in the county offices as well as cost incurred researching properties.
*IMPORTANT - ALL INFORMATION WE HAVE ON THIS PROPERTY IS IN THE LISTING. FOR ADDITIONAL INFORMATION PLEASE CONTACT THE COUNTY OFFICES AT THANK YOU*
Please Read
Terms of Sale: (Following are the steps required to complete this transaction)
1. If you are the winning bidder, please contact us within twelve hours of close of auction to confirm your winning bid. You will be required to make full payment (Winning bid + $399 documentation fee) within 48 hours after the auction. We accept Pay Pal, cashier checks, money orders, and bank wire transfer.
2. NAME ON DEED. Once the property is paid in full, we will prepare a quit claim deed to officially transfer ownership of the property purchased to you. This is information you will need to provide to us for the recording of the deed.
Name
Address
City, Postal Code
Country
If you would like to make any changes to how the deed will read, for instance to have the deed in a corporation's name, a family member or friend, let us know. It is completely up to you who you want to be on the deed. Please confirm with us how you would like the deed to read via email.
We will mail and/or email to you a copy of the Special Warranty we send in to be recorded. The original will be mailed to be recorded at the County Clerk's office. The county will send you the original stamped recorded deed usually within 4 - 6 weeks once they receive it.
SELLER DOES WARRANT THAT:
A) Title to each parcel is marketable title.
B) Purchaser will be responsible for any back taxes and HOA fees as stated above
AS SELLER, WE DO NOT WARRANT, AND WE ASSUME NO LIABILITY FOR ANY OF THE FOLLOWING:
A) Encumbrances which are identifiable via a physical inspection of the property.
B) Utilities or lack thereof. Contact the City or County Building Department for information on utilities.
C) Mineral rights or lack thereof.
D) Location and size of the property. Sizes advertised are approximate.
E) Assessments and/or bonds for utilities or homeowner’s association due/fees.
F) Zoning or building codes. Contact the City or County Building Department.
G) Access. Seller makes no representation or guarantee regarding physical and/or legal access.
PLEASE NOTE: Bidders are required to perform all due diligence prior to bidding. All sales are final. Please bid if you would like to follow through with the sale. If you are the winning bidder and do not follow through with the sale; per eBay policy, a Non Performing Bidder will be reported to eBay. Non Performing Bidder will be suspended from eBay and will be reported to our Collection Agency.
DISCLAIMER: All information contained here is to the best of our knowledge. The seller offers these assets for sale in "AS IS" CONDITION at the time of sale. Bidders are required to perform all due diligence prior to bidding.
FREQUENTLY ASKED QUESTIONS:
Q. Do you have pictures of this property?
A. Any pictures we have of the property are posted in the auction listing. Most listings include pictures from the surrounding area, but when we do conduct a site visit pictures of the actual property are labeled. We have no additional pictures other than what is posted. We thank Asset Jumper LLC for one of the area pictures above.
Q. How do I get to this property?
A. Most of our listings include GPS coordinates and Aerial Maps showing the specific location of the properties. In some cases we do not have the exact coordinates. If the listing is missing an aerial map or GPS coordinates it is necessary for you to contact the county offices for detailed directions.
Q. Who owns this property?
A. We own everything we sell. We are not real estate brokers or agents.
Q. Should I look at the property prior to bidding?
A. Yes, we have not seen some of our properties and it is your responsibility to make sure that this particular property suits your needs.
Q. When do I get my deed to the property?
A. Once we receive payment we process your deed through our office. Within 2 weeks you will receive a copy of the signed and notarized deed. The original is sent to the county clerk’s office for recording. Once the document is recorded the county mails you the stamped/recorded deed. Depending on the county this can take 3-6 weeks.
Q. If I have a question not answered in the listing, who do I need to speak to?
A. We have provided as much information as we have on the property. What we know about the property is in the listing. Questions on zoning, building restrictions, property address, location, driving directions, etc. can be answered by speaking with the County Offices. The contact information for the county can be found in the listing.
Please note that we purchase properties specifically for resale. In some cases we have not made a site visit. Nearly all of the information we know about our properties is included in the listings. The majority of the research we complete on our properties is conducted from our offices in Scottsdale, Arizona and Celebration, Florida and in cooperation with county offices.
Your bid is a LEGAL CONTRACT to purchase per auction terms, and an acknowledgement that you have completed ALL due diligence BEFORE you bid. If you are the winning bidder, please contact seller within 12 hours of auction close to make closing arrangements.
Thanks for your interest in this property. Good Luck!
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