Overlook Drive, Placitas, NM 87043
$275,000
Property Type:
Land
Lot Size (sq. ft.):
1,279,357
Status:
Active
Current Price:
$275,000
List Date:
11/10/2023
Last Modified:
5/03/2024
Description
AMAZING INVESTMENT OPPORTUNITY: 10 lot subdivision spanning over 29.3+ acres in The Overlook, a premier Placitas subdivision. Property has commanding views of the Sandia Mountains, Santa Fe, Jemez, Cabazon and the Rio Grande Valley. Property is on a mountain-top at the end of Overlook Drive with a jeep road cut to the lots. Lots include water membership with The Overlook Water Coop ($5,000 per lot paid at closing). Utilities are run to the last house before the jeep trail. Homes in The Overlook have sold from $500k up to $1.91M. Priced to sell at only $9,300 per acre!
More Information MLS# 1044560
Contract Information
Listing Price: 275000
Current Price: $275,000
List Price/Acre: 9363.3
List Price/Lot SqFt: 0.21
Status: Active
Bank Owned: No
Location
Street Name: Overlook
St Suffix: Drive
County: Sandoval
City/Town Code: Placitas
State/Province: NM
Zip Code: 87043
Geo Lat: 35.317384
Geo Lon: -106.454673
Area: 180 - Placitas Area
Zone Atlas: NOZA
General Property Description
# of Lots: 10
Acres: 29.37
Lot SqFt: 1279357
Lot Size Source: Survey
Apx Lot Dim Front: NA
Apx Lot Dim Side: NA
Flood Zone: No Flood Map
Elementary School: Placitas
Package Deal: No
Tax & Legal Info
UPC Code: Multiple
PID: No
SAD: No
Current Taxes: 2323.48
GRT Code: 29-029
Tax Exemption: No
Legal Description Details
Short Legal Desc: The Overlook Block 3 Lots: 7, 10, 12, 13, 14, 15, 16, 17, 19 & 20.
Tract: N/A
Unit: N/A
Block: 3
Lot: 7,10,12-17,19-20
Subdivision: The Overlook
Section: 31
Township: 13N
Range: 5E
Remarks & Misc
Directions: I-25 to Placitas exit. East on Hwy 165 (5 miles), left on Overlook Drive and follow to the end of the paved road. Overlook turns to gravel and turns in to a jeep trail to the properties.
Utility Impact Fee
Utility Impact Fee: Unknown
Sales Info
Seller Assist Ofrd: No
Trade/Xch Considered: No
Association Details
Association: Yes
Association Mandatory: Yes
Multiple Associations: No
Association Fee: 150
Association Fee Frequency: Annually
Association Name: The Overlook HOA
Association Dues/Month: 12.5
Property Features
Distance to Water: 1/2 - 1 Mile
Dist to Electrical: 1/2 - 1 Mile
Distance to Sewer: None
Distance to Phone: 1/2 - 1 Mile
Distance to Gas: None
Distance to Cable: Call Listing Broker
Possession: Day of Funding
Type: Acreage; Residential
Topography: Slight Slope; Very Steep
Features: Views
Utilities: Cable Available; Electricity Available; Phone Available; Phone Available; See Remarks; Water Available
Restrictive Covenant: Restrictive Covenant
Docs/Data Available: Plat Map; Restrictive Covenant
Wastewater: None
Water Source: Community water; Other - See Remarks
Finance Considered: Cash; Conventional; Owner Financing
Zoning: R-1
Documents
Plat/Map Survey ›
Plat ›Listing Office: Platinum Properties & Invst.
Last Updated: May - 03 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.