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    Block 2 Deming, NM 88030

    For Sale
    Contact for pricing

    1.95 Acres, Mountain Views, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 1.95-acre residential lot, located at TBD Grulla Mountain Rd SE Block 2 Lot 3, Deming, NM 88030, presents a unique opportunity. Situated in Luna County, this undeveloped land boasts stunning mountain and desert views, while enjoying convenient proximity to Deming's amenities. The property offers a secluded country setting, providing peace and tranquility. City of Deming water and PNM Electric are readily accessible at the street, simplifying utility connections. Buyers will need to install a septic tank and propane tank for additional utilities as needed. This property is particularly attractive due to the absence of Homeowners Associations (HOAs) or restrictive covenants, codes, and restrictions (CC&Rs). Furthermore, the seller is offering financing options, making this land more accessible to potential buyers. This is an ideal location for those seeking a peaceful retreat while still being close to urban conveniences. The latitude and longitude coordinates are 32.26227670805185, -107.6934864120075 respectively. The asking price for this remarkable property is $25,000.

    Property Features for 0 Block 2

    General Information

    Property type
    Land
    Lot Size
    84,942 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.69348641201
    Latitude
    32.262276708052

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    FAQs

    What type of property is this?
    Land - 1.95 Acres, Mountain Views, Seller Financing
    Where is this land located?
    The property is located at Block 2 Deming, NM.
    What is the asking price?
    The asking price for this property is $25,000.
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    Block 2 Deming, NM 88030
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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.

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    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
    Block 2 Deming, NM 88030
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