0.204 Acres in Los Lunas, New Mexico; Rio del Oro Unit 7 Blk 16 Lot 27; Building Lot South of Albuquerque; Growing Subdivision In Valencia County; Investment Opportunity! Cash Price only ---$500.00--- Please feel free to call Char at 360-550-8943 with any questions! We are on Pacific Time!!! Rio del Oro has parts of it that are already developed on the west side of the subdivision. This lot sits in Unit 7 and the main road through the subdivision, Rio del Oro Loop, runs along the north part of this unit. The Career Academy is in this area. The unit is located very near the Manzano Highway as it runs just on the west side one unit away! I played on google earth for a bit and see how close the land is to the current growth to the west! Rio del Oro is also the proposed site of a 40 bed hospital in unit 64 that the voters approved in 2006. I read that this has been a slow moving project but it is moving forward. The annual POA dues are $23 and are paid current! The annual dues will be expiring on the different units between 2009 and 2011. After 2011 there will no longer be any annual POA dues on any of the properties! You can contact the Valley Improvement Association if you wish to know more about their Association. They have quite a bit of information on their website www.v-i-a.org. They are very nice people who have been extremely helpful over the years. The State of New Mexico requires a minimum of 3/4 acre in order to be able to install both a septic and well on the property. This property does not meet that guideline. If the subdivision continues to grow water and sewer will be brought to the area allowing you to hook up. In the meantime you can try and purchase an adjoining lot from a neighbor or hold it for future speculation. There is power in the subdivision in the units closest to the current growth. You would need to bring power to the lot or use an alternative source such as solar or generator. I think this property is best suited as an investment. The popu
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