This new price is now beyond below market value on this bank owned city residential building lot in the Las Lomas subdivision of Santa Fe, New Mexico. This established subdivision is located in-town off of West Alameda. This residential lot on 1705 Painted Sky is on a paved road and a cul-de-sac street. The covenants allow a single family dwelling with an attached garage and guest house, solar heating devices and attached recreational facilities. The minimum size exclusive of the garage is 1600 square feet of interior space. The building site is a sloped wooded terrain with unobstructed views from this hilltop lot. This bank owned residential lot is an opportunity for the smart buyer looking for value in Santa Fe land. Bank financing on the lot purchase is available to qualified buyers! Yes, bank financing on the lot purchase alone is available to qualified buyers! Think about it. Buy now to take advantage of the price and rare financing and then build later.
What is different about this bank owned property? Aside from its new PRICE REDUCTION of $15,100 today to a new $79,900 asking price, a local community bank will provide financing for the purchase of the land only. This is rare in this new landscape of mortgage financing where financing for a purchase is as rare as a three dollar bill.
Now, consider the $.22 cents price per square foot of the Santa Fe dirt in a in-town subdivision with utilities and a lot with a view! All this is an opportunity for the smart buyer tired of searching for their dream home in our Santa Fe real estate market or planning to retire here in a few years. With this price reduction, the bank just saved you $15,100 on land like in an established subdivision.
For more information about the Las Lomas subdivision and this building lot or a referral to local builders and the bank financing available, contact Emily Medvec at 505-660-4541 or Ulla Allyn at 505-470-2381 today. When the price is right and comes with financing, why delay?
The Santa Fe real estate market is a local one. Real estate news reports and trends in other communities does not apply here. Search all current properties here with a fast and easy list or map search. If you are thinking about selling your home or considering a lifestyle change in relocating to Santa Fe, I suggest you give me a call at 505-660-4541 to schedule a real estate consultation. No one has time or money to waste in this new landscape of real estate. I am available to help you and make a positive difference in your real estate experience. Remember, dreams can be made a reality when you act on them. Emily Medvec
Today, I work with buyers and represent sellers in all price ranges in Santa Fe and throughout northern New Mexico. My focus is to use my experience, vision and strategies to find you opportunities and solutions. My goal is always to save you time and money whether you are buying or selling any form of Santa Fe real estate, including homes, land, town homes, condominiums, ranches and commercial property.
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