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Olive Lane, Lemitar, NM 87823

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For Sale

$355,676

57.45 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 57.5 acres
    Lot size

Explore this Property

Located in Lemitar, NM, this property spans 57.45 acres across 11 parcels, including 6 acres of pre-1907 water rights. The land was mostly used as a chili farm and for a buyer, it has potential for any farming enthusiast. The seller will transfer water rights to the buyer, ensuring partial irrigational support and with water banking and leasing options through the Middle Rio Grande Conservancy District, this property offers a sustainable water solution for a possible future agricultural operation. Real Estate Contract is possible with approved terms.
MLS# 1059897

Courtesy Of RE/MAX ELEVATE

(505) 702-8789

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    57.45 Acres

Map and Directions

Directions to Olive Lane, Lemitar, NM 87823

Home seller CENTURY 21 Champions, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Champions, Inc.

(505) 865-3381
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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