588 HIGHWAY 408, Lemitar, NM 87823 (MLS# 1009048)

588 HIGHWAY 408, Lemitar, NM 87823

$1,250,000

Property Type: Farm & Ranch Lot Size (sq. ft.): 5,357,880 Status: Closed

Current Price: $1,250,000 List Date: 2/16/2022 Last Modified: 8/02/2023

Overview

Description

Assembled 120-123 acres with 120 MRGCD irrigated via ditches. About 2000 SF home & hay barn ''As Is'' comes with property. Permit for supplemental well @133 AC/FT. Laser leveled. Mostly concrete ditches about 3700 feet. Currently leased through 10/2023. 2019-20 crops were alfalfa, chili and corn. DO NOT enter property . Must have appointment with tenant. Seller open to partial exchanges and some seller financing carry back Note: another 50 AC Pending sale from orig. 170 AC offered.

Listing Details MLS# 1009048

Status Change Info

Pending Date: 2023-02-28
Closing Date: 2023-04-12

Location

Street #: 588
Street Name: HIGHWAY 408
County: Socorro
City/Town Code: Lemitar
State/Province: NM
Zip Code: 87823
Directions: Take Lemitar Exit from I-25. Go west through town then over rail road tracks to NM 408. Go north to Midway Rd. see on your left. Property is on your RIGHT - East side of NM 408. See satellite photo in ''Documents'' for lay out. Do not drive on to property. On site viewing by appointment only. Tenant leased at this time.
MLS Area Major: 621 - South Socorro
Zone Atlas: NOZA

General Property Description

Property Sub-Type: Farm
House on Property: Yes
Included: Yes
Acres: 123
Lot SqFt: 5357880
Lot Size Source: On-Line
Apx Deeded Acres: 123
Subdivided: Yes
Livestock Included: No
Private Hunting: No
State Hunting: No
Lease Payment $: 28500
Title: Fee Simple
Flood Zone: X
Apx Acres Leased: 0

Sales Info

Trade/Xch Considered: Yes

Tax & Legal Info

UPC Code: NOT AVAILABLE
Short Legal Desc: Tract w/in Sec. 36, T1S, R1W & Sec.1, T2S, R1W
GRT Code: 25-025
Tax Exemption: Unknown
Tax Annual Amount: 1498.16

More Information

Utilities

Electricity Available: Yes
Phone Available: Yes
Water Available: Yes

Trade/Xch Terms

Trade for Home (L): Yes
Trade for Other RE: Yes

Possession

Tenant Rights: Yes

Type Lease

Other - See Remarks: Yes

Crop Terms

Crops Not Included: Yes

Road Frontage Type

Other: Yes

Road Surface Type

Paved: Yes

Irrigation Source

Canal System: Yes
Ditch: Yes

Wastewater

Septic Tank: Yes

Water Source

Community Water: Yes

Improvements

Head Qrtrs/Residence: Yes
No Equipment: Yes
Other Outbuildings: Yes

Docs/Data Available

Aerial Map: Yes
Plat Map: Yes

Topography

Laser Leveled: Yes

Timber/Mineral Right

Mineral Rts Unknown: Yes
Timber Rights Unknwn: Yes

Finance Considered

Conventional: Yes
Owner Financing: Yes
Other - See Remarks: Yes

Zoning

RA-1: Yes

Property Features

Possession: Tenant Rights Type Lease: Other - See Remarks Crop Terms: Crops Not Included Road Frontage Type: Other Road Surface Type: Paved Utilities: Electricity Available; Phone Available; Water Available Wastewater: Septic Tank Water Source: Community Water Improvements: Head Qrtrs/Residence; No Equipment; Other Outbuildings Irrigation Source: Canal System; Ditch Topography: Laser Leveled Finance Considered: Conventional; Owner Financing; Other - See Remarks Zoning: RA-1

Documents

Listing Office: Coldwell Banker Legacy

Last Updated: August - 02 - 2023

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.