24 Mariposa Estate Custom Lots

Vacant Land for Sale
24 Mariposa Estate Custom Lots
Catylist Listing ID: 29942030
Property Subtypes: Residential (Single Family)
Gross Land Area: 18.56 Acres
Sale Price: $1,550,450
Unit Price: $83,537 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2018

Overview / Comments

Mariposa is a master planned community in the far northwest corridor of the City of Rio Rancho, Sandoval County, NM. The Mariposa community reflects a great design with excellent infrastructure and amenities, beautiful home sites, and a gorgeous setting convenient to both the Albuquerque Metro and Santa Fe.

The amenities include a preserve with over 10 miles of hiking and biking trails and a 10,308 square foot community center with a fitness room, indoor & outdoor pools and a multipurpose room for activities. The community also has on-site management and a full time Life Style Director.

The estate lots have building pads of various sizes ranging from 9,000 to 12,000 square feet.

Many of the lots provide excellent views of the Sandia / Manzano or Jemez mountains and preserve.

Association dues are $73 a month.

The City of Rio Rancho Impact Fees are currently $9,714+/- per Estate Lot. At the time a building permit is issued Buyer agrees to pay all Impact Fees due directly to the City of Rio Rancho and reimburse Seller for all existing Impact Fee Credits. The Impact Fee Credits are estimated to by $7,728 per Estate Lot.

Buyer will agree to pay a Marketing Fee equal to 1% of the Sales Price of each house sold, paid out of closing proceeds.

The lots are subject to a Facilities Fee payment of $2,400 and PID assessments ranging from $8,537 to $10,570 depending upon the subdivision they are located. The Facilities Fee payment is due at the time the lots are purchased. Whereas, the PID assessment may be paid off, in full or can paid, through property tax payments of $948 to $1,176 though 2032.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Taxing Authority: Sandoval County
Tax ID/APN: Various
Property Located Between: The Estate Lots are located in the Mariposa community, Rio Rancho, NM
Legal Description: See subdivision and lot descriptions on the attached listing brochure.
Lot Frontage: Custom Lots - Frontage varies by lot.
Lot Depth: Custom Lots - Depth varies by lot.
Zoning Description: Single-Family Residential
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,333 26,078
Median Age: 29.84 33.18
Households: 1,717 8,801


Photograph of Listing Agent

Richard T Bressan

Land Advisors Organization CARNM CIE Member
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