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    OFF-MARKET
    Land

    274 Deer Cir, Quemado, NM 87829

    25.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 25.98-acre property in Catron County, New Mexico, boasts breathtaking panoramic views from its high ridgetop location. The land gently slopes downhill to the west, offering several ideal building sites on smaller, elevated areas. Alternatively, build on the ridge for unparalleled vistas. The property is conveniently located adjacent to Bureau of Land Management land to the west, expanding recreational opportunities. An existing driveway provides access to lower portions of the property. This location is perfect for off-grid living or an equestrian enthusiast's dream. Situated within the Cimarron Ranch HOA community, residents benefit from maintained roads and community wells for water hauling. Site-built and manufactured homes are permitted, as are seasonal RVs. Enjoy the convenience of approximately 30-minute proximity to both Springerville, Arizona, and Quemado, New Mexico. Albuquerque is roughly 2.5 hours away, and Phoenix is approximately 4 hours away. Experience the charm of high plains ranch living at an elevation above 7000 feet. The asking price is $55,000. Seller financing is available with a $15,000 down payment, a $40,000 principal balance financed at 7% interest for 10 years, resulting in a monthly payment of $464.43. Note that this monthly payment excludes annual property taxes of $245 and annual HOA fees of $300 for three lots. Conventional financing is also an option. The property's address is 274 Deer Circle, Quemado, NM 87829.

    Property profile
    Verified
    Property type Land
    Lot 25.98 ac (1,131,689 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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