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    5411 Colibri Pl Farmington, NM 87402

    For Sale
    $59,900

    Build your dream home on this 2-acre lot. Utilities at the road.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 87,120 square foot lot, located at 5411 COLIBRI Place in Farmington, New Mexico, presents a unique opportunity for home construction. Situated in San Juan County, zip code 87402, this property boasts a desirable location with convenient access to utilities already available at the paved road. The expansive 2-acre parcel provides ample space for a custom-designed home and landscaping. Priced competitively at $59,900, this land offers a compelling investment opportunity. The seller is open to considering a real estate contract, providing flexibility for potential buyers. Don't miss this chance to secure your future and build your dream home in this beautiful desert setting. The property's coordinates are approximately 36.817583 latitude and -108.14052 longitude.

    Property Features for 5411 Colibri Pl

    General Information

    Property type
    Land

    HighLights

    • 2‑acre lot (87,120 sq ft) in Farmington, NM.
    • Located at 5411 COLIBRI Place, San Juan County, zip code 87402.
    • Utilities available at paved road.
    • Priced at $59,900; seller open to contract.
    • Coordinates: 36.817583 latitude, -108.14052 longitude.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.14052
    Latitude
    36.817583

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    FAQs

    What type of property is this?
    Land - Build your dream home on this 2-acre lot. Utilities at the road.
    Where is this land located?
    The property is located at 5411 Colibri Pl Farmington, NM.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: 2-acre lot (87,120 sq ft) in Farmington, NM.; Located at 5411 COLIBRI Place, San Juan County, zip code 87402.; Utilities available at paved road.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5411 Colibri Pl Farmington, NM 87402
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