Property Information

$350,000

Estimated Monthly Payment: $1,297

20.00% down at 3.75% - Change

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Loan Type 15 Year Fixed 30 Year Fixed

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Building Lot

ID# 1102398

On HomeFinder.com 08/23/11

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Description

Sunland Estates is located north of Hwy 70 and east of I-25. The total acreage is 54 + or -. the area does have a mixed use with site built homes and manufactured homes. The seller does have subdivision plans almost ready for development. Seller would include the engineering plans and would discuss the plans with a new buyer. The proposed layout would have 45 residential lots for either site built homes or manufactured homes. The lots would range in size from . 42 acres according to the County PUD regulations. At a current selling price, the 45 lots would be $7778 per lot. Currently there is a shortage of manufactured home lots in the surrounding area. With the new proposed IMPACT FEES by the City of Las Cruces, this land is in the County and would not be charged the new City impact fees. There are always going to be some development fees associated with a new development.