0 Homestead Rd, Fence Lake, NM 87315
This exceptional 13.3-acre parcel of land presents a unique opportunity in Fence Lake, New Mexico. Located on W Homestead Road in Cibola County, this property boasts a tranquil setting, ideal for those seeking privacy and connection with nature. The land is well-treed with a mix of Pinon Pine and Juniper, providing a picturesque landscape. A perimeter fence adds to the property's security and privacy. The absence of a homeowner's association (HOA) and any restrictive covenants ensures complete freedom and flexibility for the buyer. The property's proximity to public land opens up a world of recreational possibilities, from hiking and exploring to hunting and off-road adventures. For those seeking a more convenient purchase, owner financing is available with a 25% down payment. The property's zip code is 87315, and its coordinates are 34.6683744 latitude and -108.7029701 longitude. This is a remarkable opportunity to acquire a substantial piece of land in a peaceful, natural setting at an attractive asking price of $20,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.