i want to know how much a one acre land is worth in las cruces new mexico??

Asked by Adriana Curiel, Dallas County, TX Mon Dec 19, 2011

the specific location is in mongate we have an acre that we want to to sell but we want to know how much they are worth??

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Voices Member, , Las Cruces, NM
Thu Feb 9, 2012
Hi,

Both other agents that responded to your question gave you good answers and asked good questions. Having sold lots of land in that area and all over the east mesa I know three things that are most important:
1. Are the utilities in place or if they are not how close are the electric, phone, & water. There is no gas or
sewer in that area, so is there a septic?
2. Getting bank financing for land is difficult and the required down payment may be as much as 30%.
3. In the actual Moongate area your land will sell better if a mobile home would be allowed.
All of this said, if you were able to offer owner financing with 10-15% down, an interest rate of let's say 6%, with affordable payments, you could balloon the principal balance in 3-5 yrs. and get a better over all price for the property without having to deal with banks or appraisers.
Jack Arrington
Realtor Emeritus
Arrington's Theatre of Homes Real Estate
575-526-1802
0 votes
Elaine Rude, , Las Cruces, NM
Mon Dec 19, 2011
Close to the city and within the city, one acre of land suitable for a single family home can cost from $45,000 to $100,000 or more. In the Moongate area; the distance from the city, the desirability of the land, access to utilities and to nearby schools and shopping might decrease the value considerably from city prices. Zoning for site-built versus manufactured homes might also decrease the acreage value.

There are many factors which can affect the value of land. A specific value would be easier to calculate if I had the exact street location of the land so please contact me if you would like a more accurate assessment.
0 votes
Cosette Casc…, Agent, Las Cruces, NM
Mon Dec 19, 2011
a few questions for you - is this land only? are there utilities nearby or on property? septic? is the road on which the land is located paved?
0 votes
Search Advice
Search
Ask our community a question
Property Q&A in Las Cruces Zip Codes

Email me when…

Learn more