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    70 Rio Grande Cir St Truth or Consequences, NM 87935

    For Sale
    $59,000

    Build Your Dream Lake House! Prime .59-Acre Lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional .59-acre lot (25,700.4 sq ft), located at Lot 70 Rio Grande Circle Street in Elephant Butte, New Mexico, presents a unique opportunity for lakefront living. The property is situated in Sierra County, zip code 87935, and boasts a cleared, level terrain, perfectly prepared for immediate construction. Its prime location offers unparalleled convenience, with all utilities readily accessible at the roadside, minimizing development complexities. Imagine building your dream lake house just minutes away from the serene beauty of Elephant Butte Lake. This remarkable parcel is priced affordably at $59,000, making it an exceptional investment for those seeking a tranquil lakeside retreat. The property's flat, cleared nature simplifies the building process, saving time and resources. Don't miss this chance to own a piece of paradise near Elephant Butte Lake. Act quickly, as opportunities like this are rare. The coordinates for this property are 33.2017829 latitude and -107.2245944 longitude.

    Property Features for 70 Rio Grande Cir St

    General Information

    Property type
    Land

    HighLights

    • $59,000 asking price for this land parcel.
    • 25,700.4 square foot lot.
    • Located at Lot 70 Rio Grande Circle Street, Elephant Butte, NM 87935.
    • 0.59‑acre cleared, level lot ready for construction.
    • Utilities are available at the roadside.
    • Minutes from Elephant Butte Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.2245944
    Latitude
    33.2017829

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    FAQs

    What type of property is this?
    Land - Build Your Dream Lake House! Prime .59-Acre Lot.
    Where is this land located?
    The property is located at 70 Rio Grande Cir St Truth or Consequences, NM.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: $59,000 asking price for this land parcel.; 25,700.4 square foot lot.; Located at Lot 70 Rio Grande Circle Street, Elephant Butte, NM 87935.
    Request Owner's contact information
    70 Rio Grande Cir St Truth or Consequences, NM 87935
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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
    70 Rio Grande Cir St Truth or Consequences, NM 87935
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