Close To Town, I-25 & Rio Metro

Farm Description

Reference Number: Vlnm-16048

Location & Size

The subject property is a 5 acre lot located in Rancho Rio Grande, a residential subdivision situated just west of Belen and less than thirty minutes south of Albuquerque.

The Rancho Rio Grande subdivision was first created and platted in the late 1950'S. It is a sprawling region which occupies thousands of acres of land across both Valencia and Socorro counties just west of the Rio Grande River and the I-25 corridor.

A hidden gem of local real estate, this community has seen considerable development over the past decade due to its generously portioned lot sizes as well as its proximity to Albuquerque. Evidenced by its consistently increasing property values, the Rancho Rio Grande subdivision stands out as an excellent location for developers as well as investors.

County, State: Valencia County, New Mexico

Lot Size: 5 Acres

Nearest Town: Los Lunas

Street Address: Not Designated

Zip Code: 87002

Latitude & Longitude:

Center 34.56120,-106.83920

Nw 34.56160,-106.84030

Ne 34.56160,-106.83810

Sw 34.56070,-106.84030

Se 34.56070,-106.83810

Legal Information

Legal Description: Rancho Rio Grande, Unit 2, Lot 690

Parcel Number: 1003021430315242600

Account Number: R082127

Annual Taxes: $49.00

Access & Utilities

Roads & Access: The subject property is located between Twining and Charin Lanes with legal access and road frontage along each. Both of these roads act as major arterials throughout the subdivision and run from the north to the south most ends. And while both are marked and better maintained further north of the subject property, the road conditions at the parcel itself are good and can be navigated by any vehicle type.

Power & Utilities: While there are no residential power lines or underground utilities on this property's immediate parcel boundaries, the nearest ones can be found roughly 1.5 miles north servicing some developed home sites along Hinson Road. While that may not seem close enough for affordable extension or connection opportunities, it should be noted that this subdivision has been earmarked by local utilities for continued annual expansion. This explains the underground gas and fiber optic cable lines marked throughout the region. Anyone looking to investigate the cost and logistics of getting connected to the grid is encouraged to contact Pnm, the utility company servicing this region.

Power & Utilities, Cont'd: It should be noted that while residential power lines do not currently run along this part of Twining Lane, given the pace at which this region gets developed, it would not surprise us if PNM had plans to extend their footprint along this part of the road or further south in this subdivision within the coming years.

Legal Access: Yes

Access Road: Twining Lane

Access Condition: Well-Maintained Dirt Roads

Access Frontage: Undefined

Power: Solar or Alternative

Phone: In The Area; Mobile/Satellite

Water: By Well or Holding Tank

Sewer: By Septic/Alternative

Zoning & Restrictions

Zoning: Rancho Rio Grande is zoned Rr-1 or Rural Residential 1, a designation which is "intended to accommodate rural residential development at an anticipated magnitude or density level that does not require more than a very basic level of services, such as single local-road access, individual domestic wells and septic tank sewage-disposal systems and rural fire protection..." This designation allows for everything from single family residences to mobile and modular homes and some farming uses. Anyone looking to learn more about the Rr-1 zoning designation is encouraged to read this PDF which is an excerpt from the Valencia County Zoning Ordinance.

Zoning, More: Some notable provisions in the Rr-1 zoning designation include: RVs may not be used as a principle dwelling but only during construction of the principle dwelling or with certain conditional use permits; Maximum building height for dwellings is 30 feet while other structures can be 45 feet; Livestock may be kept on a property but only when the property has been fenced; Number of livestock per property is specific to the square footage of the land and the type of animal; Lots may be subdivided to no less than one acre in size.

No HOA: The Rancho Rio Grande subdivision has no HOA and there are no annual dues associated with land ownership here.

Covenants & Restrictions: The Rancho Rio Grande subdivision also features no recorded covenants on file with the County enumerating any subdivisions restrictions. Because of this, anyone looking to develop land in this region will need only familiarize themselves with the zoning.

Zoning: Rural Residential 1

HOA: None

Covenants, Conditions & Restrictions:None

Annual Dues: None

Time Limit On Building: None

Title Info

Title: Free & Clear

Liens and Encumbrances: None

Mineral Rights: None

Recent Survey: None

Title Insurance: None

Conveyance Document: Special Warranty Deed

Suggested Type Of Closing: Notary Close

Doc Prep Fee: Waived

Miscellaneous

Subdividing: As Rancho Rio Grande is zoned Rr-1, this means that a developed home site can exist on a parcel of land no smaller than 1 acre in size. As the subject property as well as all of the surrounding parcels are five acres in size, it has led a number of entrepreneurial types to subdivide and resell their five acre parcel as four smaller 1.25 acre lots. Point being, while the subject property can work as an excellent buy-and-flip or buy-and-hold investment, it also has the potential for greater profit by further subdividing and reselling the "child parcels" for more.

About Rancho Rio Grande: The Rancho Rio Grande subdivision was first created and platted in the late 1950'S. It is a sprawling region which occupies thousands of acres of land across both Valencia and Socorro counties just west of the Rio Grande River and the I-25 corridor.

When this region was first created, the developer subdivided all of the land into generously portioned five acre parcels. Because of this, the subdivision has remained to this day, one of the best and most affordable parts of this rapidly expanding county to purchase a larger chunk of land for a reasonable price. Additionally, because it's one of the few parts of the county that wasn't overly subdivided, the landowners in this region have historically displayed greater "pride of ownership" in how they've passed the land from one generation to the next and ultimately how they have developed said land.

This is why despite its rural nature, the Rancho Rio Grande subdivision, particularly on the Valencia County side, has seen both modest growth and support services to accommodate that growth, in the subsequent years. Put another way, because people decided to build out here, the County maintained the roads and the utility companies outfitted the area with power, phone and internet. This is why even the parcels of land in the less developed parts of the subdivision should be easier and more affordable to develop than other similar regions in the same county.

Nearby Towns

Los Lunas: 17 miles (25 min)

Albuquerque: 41 miles (44 min)

Rio Rancho: 53 miles (57 min)

Truth or Consequences: 120 miles (1 hr 48 min)

Nearby Attractions

Things To Do In Albuquerque

Elephant Butte Lake

Rio Metro

Abo Canyon

Alexander Municipal Airport

Bosque Del Apache National Wildlife Refuge

Manzano Mountains State Park

Rio Salado River

Salinas Pueblo Missions National Monument