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    812 - .32 Acres Ave Farmington, NM 87401

    For Sale
    $55,000

    Build Your Dream Home in Farmington, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.32-acre lot, located at 812 N VINE Avenue (Lot 3) in Farmington, New Mexico, presents a unique opportunity for residential development. Priced at $55,000, this property offers significant potential for building a single-family home or, due to its special use permit, accommodating multiple mobile homes. The lot itself is conveniently situated in San Juan County, zip code 87401, with utilities readily accessible nearby. While the square footage is not currently specified, the substantial 0.32-acre size provides ample space for construction and landscaping. This is an ideal location for those seeking a buildable lot in a desirable area of Farmington. The property's zoning allows for flexibility in development plans, making it an attractive investment for both individual homebuyers and those looking to develop multiple residential units. The address is clearly identified as 812 N VINE Avenue (Lot 3), providing easy access and clear identification for potential buyers. Don't miss this chance to acquire this versatile and well-located property in Farmington, New Mexico. The asking price represents a compelling value for the size and potential of this land parcel.

    Property Features for 812 - .32 Acres Ave

    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
    -108.214028
    Latitude
    36.7471661

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in Farmington, NM
    Where is this land located?
    The property is located at 812 - .32 Acres Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $55,000.
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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
    812 - .32 Acres Ave Farmington, NM 87401
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