Residential Land for Sale in Rio Rancho, New Mexico
6626 Franklin Rd NE Rio Rancho, NM 87144
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Map
Street
$40,000
0.66 acres
Active sale$40k dropEst $304/mo
New staked survey in documents. A residential build lot with views on .66 acre just across from the proposed Sports Complex and down the street from Elementary school. On the north side of Franklin NE across from Sandia Vista Elementary. This lot currently has no utilities other than the water and sewer stubbed at Franklin and Hamilton, but the opportunity is huge once the build out for the sports complex takes place. This is a great investment opportunity for an up and coming part of Rio Rancho. Seller will consider owner financing on these lots for 7.5% interest with 25% down.Lot side by side next door for sale too
Directions
On Franklin In Rio Rancho
Location
- Street Address
- 6626 Franklin Rd NE
- County
- Sandoval County
- Community
- Rio Rancho Estates
- Elevation
- 5,249 feet
Property details
- Zoning
- R-1
- MLS Number
- SWMLS 1062100
- Date Posted
Property taxes
- Recent
- $160
Parcels
- 1017074107200
Legal description
Legal: S: 26 T: 13N R: 3E S: 35 T: 13N R: 3E Subd: RIO RANCHO ESTATES Block: 180 Lot: 6 Unit: 20
Detailed attributes
Listing
- Type
- Land
- Franchise
- Coldwell Banker Real Estate
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 2, 2024 | Back on market | $40,000 | — | SWMLS |
| Aug 26, 2024 | Under contract | $40,000 | — | SWMLS |
| Aug 11, 2024 | Price drop | $40,000 | $40,000 -50% | SWMLS |
| Aug 11, 2024 | Price drop | $80,000 | $30,000 -27.3% | SWMLS |
| May 6, 2024 | New listing | $110,000 | — | SWMLS |
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