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    3775 Lot 300 Rd Farmington, NM 87401

    For Sale
    $32,500

    Build Your Dream Home in NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.13-acre lot, located at LOT 300 ROAD 3775, Farmington, NM 87401, presents a unique opportunity for building your dream home. Situated in the desirable Morningstar Town Ranches community, this property boasts breathtaking 360-degree views, showcasing the iconic Shiprock and La Plata Mountains in the distance. The lot is conveniently located in San Juan County and offers the advantage of natural gas availability, a significant benefit for construction and future utility costs. Protective covenants are in place to ensure the long-term value and aesthetic appeal of the neighborhood, safeguarding your investment. While the lot size is listed as 0 square feet in the official records, the actual size is 1.13 acres, providing ample space for a substantial home and landscaping. The property's latitude and longitude coordinates are 36.7528793, -108.1091503, respectively. This is an exceptional opportunity to own a piece of land in a stunning location with all the benefits of a well-planned community. The asking price for this remarkable property is $32,500. Don't miss out on this chance to build your dream home in the beautiful New Mexico landscape.

    Property Features for 3775 Lot 300 Rd

    General Information

    Property type
    Land

    HighLights

    • $32,500 asking price.
    • Land property.
    • 0 sq ft lot size.
    • Located in Farmington, NM, zip code 87401.
    • 1.13‑acre lot with protective covenants.
    • Offers 360‑degree views of Shiprock and La Plata Mountains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1091503
    Latitude
    36.7528793

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in NM
    Where is this land located?
    The property is located at 3775 Lot 300 Rd Farmington, NM.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: $32,500 asking price.; Land property.; 0 sq ft lot size.
    (505) 327-4838
    Request Owner's contact information
    3775 Lot 300 Rd Farmington, NM 87401
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    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
    3775 Lot 300 Rd Farmington, NM 87401
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