$159,900 Price Analysis 321 Iron Gate RdTererro, NM 87573 2 bed 1 bath 880 SqFt ($181/SqFt) 1.26 acre lot. Built 1968 Listed 2024-05-28 | ✓ USDA Eligible near Tererro, NM |
LOCATION, LOCATION, Very rare cabin offering on beautiful, pastoral Aspen treed lot less than a mile below the Iron Gate Campground entry to the Pecos Wilderness. The fee simple lot has much to offer folks who wish to OWN land a mountain retreat in the Grass Mountain area. A family retreat for many years, the cabin has been vacant for quite a while and will need renovation to be habitable.
Therefore the property does not qualify for traditional funding. Sold to settle an estate and the heirs are not intrested in an owner carry situation. The cabin has much charm with a living room wit h brick fireplace, kitchen with wood burning cookstove, 2 bedrooms and a small 3/4 bath. For years the family used an adjoining spring as their water source but unfortunately it is no longer active. The cabin has Mora San Miguel Electric Coop electric. Located approximately 1 hour east of Santa Fe.
Presented by James Congdon at
Santa Fe Properties.
Property MLS #202402009 from SantaFe
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.