Olive Lane Lemitar, NM ^$ 435,000

Olive Lane

^$ 435,000

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Olive Lane

Lemitar, NM, 87823

^$ 435,000

Studio Baths0.0

Monthly Estimate*

^$ 2,891

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Studio

Lots and Land for sale in Lemitar, NM

for $435,000. The lot size is 57.45.

This expansive farm land encompasses 57.45 acres from a total of 11 different parcels and is ideally situated within Lemitar, NM. The property boasts 6 acres of pre-1907 water rights, making it well-suited for agricultural pursuits. Formerly a chili farm, the land holds boundless potential. This property provides a wealth of opportunities for any person looking for an agricultural endeavor. Accessible via a dirt road, the accessibility only adds to its appeal, ensuring convenience for operations.The water rights can be used effectively for optimizing agricultural activities. Real Estate Contract will be considered with approved terms.

Lots and Land Active

Price

^$ 435,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 411

Style

Lot Size

57.45

Town/City

Lemitar

County/Region

Socorro

MLS | Web ID

1059897

Features

General

Sewer None

Utilities Other SeeRemarks SewerNotAvailable

Possession ClosingFunding

Topography Other SeeRemarks

Township N/A

Current Use Agricultural Other Unimproved

County Socorro

New Construction N

Property Type Land

HOA / Comm Assn N

Attached Garage N

Subdivision Name MRGCD MAP 153

Possible Use Agricultural Other Unimproved

Garage Y/N N

Status Active

Directions Turn left onto Cll De Lemitar/ Lemitar Frontage Rd then turn left on Olive Ln. Go North on Olive to the dirt road that starts on the left just past Rynni Rd. See additional property info sheet w/map.

City Lemitar

Disclosures RANM2100Disclosure

View Y/N Y

Senior Community Y/N N

Zoning Description RA-1

MLS Area 620 - North Socorro

Lot Size Square Feet 2502522.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Olive

Listing Terms Cash Conventional OwnerMayCarry

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 411.88

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Standard Status Active

Tax Lot N/A

Legal Description Sub: MRGCD MAP 153 Tract: 20B 6.00 AC W.OF MCALLISTERDRAIN Sub: MRGCD MAP 153 Tract: 22 1.96 AC Sub: MRGCD MAP 153 lot: 61 Tract: 23 1.67 AC Sub: MRGCD MAP 153 Tract: 24 1.78 ACRES Sub: MRGCD MAP 153

Exterior

Lot Features Other SeeRemarks Views Acreage

Water Source Other SeeRemarks

Spa N

Lot Size Acres 57.45

Lot Size Source Estimated

Number of Lots 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Lane

Electric On Property Y/N N

* Excluded Features

List By

Team Elevate

Listing Agent

Re/Max Elevate

Broker

teamelevatenm@gmail.com

Affordability Calculator

$2,925

Per Month

Monthly Principal & Interest: $2,891
Monthly Property Taxes: $34
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Lemitar, NM

Average List Price ^$222,500

Percent of Sale Price 49%

About Lemitar, NM

309 Population

-1% Since 2002

^$44,650 Median Income

49.04 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
4/3/2024	$435,000		Listed Price

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Olive Lane, Lemitar, NM, 87823 is a Lots and Land for sale at $435,000 with a lot size of 57.45. Olive Lane is a studio with 0.0 baths. The property's zip code is 87823 which is in Lemitar, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/30/2024.

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Olive Lane

Lots and Land for sale in Lemitar, NM

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