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    92 Forest Dr Rociada, NM 87742

    For Sale
    Contact for pricing

    Build your dream home in scenic New Mexico.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 15,246 square foot lot is situated in the desirable Pendaries Subdivision in Rociada, New Mexico, zip code 87742. Located at Lot 92 West Forest Drive, this property offers a tranquil setting amidst a Ponderosa pine forest, high in the mountains. The asking price is $5,000. The Pendaries Subdivision boasts an 18-hole golf course and other amenities. The annual Pendaries Homeowners Association (HOA) assessment covers essential services including water, year-round road maintenance, and weekly trash pickup. Additionally, the Rociada Townhouse Association assessment provides insurance for buildings, roof repair and replacement as needed, lawn mowing, and common area maintenance. Note that there are covenants and restrictions within the Pendaries Subdivision. It's important to be aware that the Pendaries area was impacted by the Calf Canyon/Hermit's Peak fire. While the provided photograph is from Pendaries, it does not specifically depict this lot. Buyers are encouraged to conduct their own due diligence regarding the property's condition and any potential lingering effects from the wildfire. This is a remarkable opportunity to own a piece of this beautiful New Mexican landscape.

    Property Features for 92 Forest Dr

    General Information

    Property type
    Land

    HighLights

    • 15,246 sq ft lot in desirable Pendaries Subdivision, Rociada, NM 87742.
    • Located at Lot 92 West Forest Drive, in a mountain setting.
    • Asking price: $5,000.
    • Pendaries amenities include an 18‑hole golf course.
    • HOA covers water, road maintenance, and trash. Additional assessment covers building insurance, roof repair, lawn care, and common area maintenance.
    • Subject to covenants, conditions, and restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rociada
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.4127759
    Latitude
    35.8157974

    Nearby Comparable

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      Rociada Land: Mountain View Lot

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      Rociada Land: Build Your Dream Home

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      Rociada Land: Mountain View Lot

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    FAQs

    What type of property is this?
    Land - Build your dream home in scenic New Mexico.
    Where is this land located?
    The property is located at 92 Forest Dr Rociada, NM.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: 15,246 sq ft lot in desirable Pendaries Subdivision, Rociada, NM 87742.; Located at Lot 92 West Forest Drive, in a mountain setting.; Asking price: $5,000.
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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
    92 Forest Dr Rociada, NM 87742
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