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Owner finance

$384,900

78 Drake Rd

Edgewood, NM 87015

Beds3
Baths2
Sq ft1,190
Year built2016
Rent estimate$1,317/mo
Listed by

Stephen Hardy, Hardy & Company · (505) 629-0010

What the listing says

Seller financing available with below-market rates for qualified buyers. Ask about financing that may make ownership more affordable than many rental options. Rare opportunity to own 40 usable acres in Edgewood with the water, infrastructure, and improvements already in place to start enjoying country living from day one. A private 600' well producing approximately 25 GPM feeds a 3,000-gallon cistern, complemented by a conventional septic system and an established garden area with drip irrigation and timers. The clean, well-maintained 2016 Clayton home is situated on a permanent foundation and offers 3 BR / 2 BA with refrigerated A/C, electric forced-air heat, and a woodstove for backup heat and ambiance. Recent improvements include a metal roof, water heater, refrigerator, and carpet. Whether your vision includes homesteading, horses, livestock, hobby farming, RVs and equipment, or simply a private retreat with room to breathe, the property is ready for it. Additional improvements include a 3-car carport, 40' storage container, two greenhouses, and chicken coop with secure run. Enjoy wide-open New Mexico skies, mountain views, memorable sunrises and sunsets, and very little traffic. The acreage may also offer future development or split potential. Santa Fe County Residential Estate zoning has a 2.5-acre minimum lot size; any subdivision or development is subject to county approval and independent buyer due diligence. Matterport 3D tour available--explore the home online before your visit. Seller financing terms are negotiable and subject to seller approval.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Manufactured Home

Lot Size

1,742,400 sq ft

HOA

None

More owner-financed homes near Edgewood

Questions about owner financing in Edgewood

What is owner financing for 78 Drake Rd?

Owner financing means the seller of 78 Drake Rd acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Edgewood, NM home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Edgewood home?

There is no standard down payment. The seller of this Edgewood home sets their own, and it is negotiable. Ask the seller or their agent.

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