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    273 And Lot 274 Rd Farmington, NM 87401

    For Sale
    $32,500

    Two lots in Morningstar, stunning views, build your dream home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional opportunity presents two combined lots (Lot 273 and Lot 274) totaling an impressive, yet unspecified square footage, located in the desirable Morningstar Town Ranches Subdivision in Farmington, New Mexico. Boasting breathtaking views of the LaPlata Mountains and Shiprock, this property offers a unique chance to build your dream home in a picturesque setting. The lots are conveniently situated with easy access to utilities, including natural gas, water, and electricity readily available in the street. Protective covenants are in place to maintain the community's aesthetic appeal and property values. The completion of the bridge connecting Main Street to County Road 3900 will significantly reduce travel time to Farmington, enhancing the property's accessibility and convenience. Priced affordably at $32,500, this is an ideal investment for those seeking a tranquil yet accessible location to build their forever home. The property is located at LOT 273 AND LOT 274 ROAD 3787, Farmington, NM 87401. The precise lot size is currently unavailable.

    Property Features for 273 And Lot 274 Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1145844
    Latitude
    36.7503156

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    FAQs

    What type of property is this?
    Land - Two lots in Morningstar, stunning views, build your dream home.
    Where is this land located?
    The property is located at 273 And Lot 274 Rd Farmington, NM.
    What is the asking price?
    The asking price for this property is $32,500.
    (505) 327-4838
    Request Owner's contact information
    273 And Lot 274 Rd Farmington, NM 87401
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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
    273 And Lot 274 Rd Farmington, NM 87401
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