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LOCATION:The Bob Cat Subdivision is located in south central New Mexico off of Highway 60 between Quemado, NM and Pie Town, NM. Mile Marker 49 is to the west and Mile Marker 50 is to the east. County Road A-051 is half way between those two Mile Markers on the north side of Highway 60. The subdivision is north on County Rd A-051 1.7 miles on the east side of the road.. SIZE: The Subdivision consists of Seven Lots between 10+/- acres and 12+/- acres each. ZONING: There is no Zoning in this area, however the Subdivision does carry Covenants and Restrictions to keep the quality of the subdivision high. Click for C&R page. IMPROVEMENTS: The property is currently perimeter fenced. It will be a gated community, with two remote controlled security gates at each entrance road. There will be two entrance roads with a cul de sac at the end of each; one on the north side and one on the south side of the subdivision. UTILITIES: Electricity is available to each lot. New owners will need to drill a well for water, and instiall propane tanks for gas, if desired. PROPERTY TAXES: Approximately $200 annually. This may change as the subdivision improvements are established. PRICES:
The Developer will provide owner financing on a New Mexico Real Estate Contract with 20% down, 7% interest, and amortized over 30 years with a balloon payment on the tenth anniversary of the purchase agreement. Lot #3 will require a $20,000 down payment because it has a well. Buyer will pay the escrow company fees for collection of payments and final conveyance of the property to the new owner.  |