OWNER FINANCE/LOW MONTHLY PAYMENTS COLORADO LAND 5 ACRES MOUNTAIN VIEWS!

Description

Spectacular 5 acre property in the San Luis North Estates Subdivision.  This subdivision sits between Fort Garland and San Luis and is also very close to two beautiful reservoirs for some great fishing!  (Smith Reservoir and the Mountain Home Reservoir).
Property is owner financed. Deposit is 0.00 and monthly payments are 1.34. Property price is ,250.00.  See additional information on payment options below.
THIS IS VERY IMPORTANT.******* EBAY CHANGED THE WAY LISTINGS FOR REAL ESTATE ARE PUT UP. WE NOW LIST THE ENTIRE PRICE AND NOT THE DOWN PAYMENT AMOUNT, BUT YOU STILL ONLY PAY THE DOWN PAYMENT!!!!!!!!! AND WE OWNER FINANCE THE BALANCE!!!!!!!!
ALSO REAL ESTATE IS DIFFERENT THAN OTHER CATEGORIES, SO YOU DO NOT GET DIRECTED TO PAY AUTOMATICALLY AFTER THE AUCTION CLOSES. I CONTACT YOU FOR THE DOWN PAYMENT AND WE TAKE MULTIPLE TYPES OF PAYMENT METHODS FOR IT.  THERE ARE NO FEES OF ANY KIND.
Information on the property!
This is a 5 acre property located in the San Luis Valley of Southern Colorado.  This is a great residential lot with gorgeous mountain views that you can build a cabin or any type of home on.
The property sits about half way between Fort Garland. CO. and San Luis, CO. off of Hwy 159 (two land paved road that runs between Fort Garland, CO. and Taos, NM).  Both San Luis and Fort Garland are about a 10 minute drive from this property.  The property is about 3/4 of a mile West of Hwy 159. and is very easy to get to.
The property is accessible year round and is completely flat and has amazing views of Mount Blanca to the North, and the Sangre De Cristo Mountain range to the East.  The property is very close to the Eastern range so the views to the East are spectacular!
The lot has a mix of small and medium shrubs.  It would be very easy to clear for building.  The property is in one of the nicest subdivisions in the San Luis Valley (San Luis North Estates Subdivision), and sits half way between Fort Garland and San Luis.  This subdivision has trash pick up as well because of it's proximity to town.  Most of the subdivisions in the San Luis Valley area do not have trash pick up so this is a big plus.  The property is in an area with beautiful farms all around. The official description of this property is San Luis North Estates Filing 1, Lot 362.   The parcel number is 70702240.
(see pictures 4 through 11 of the lot and views from the lot)
The zoning for the property is
residential.  There are no association fees or dues, and there is no time limit to start building a home.  All of the roads in the subdivision are wide maintained dirt roads and all are in excellent condition. (see picture 11 of the dirt road to the property)  This property is going to use a well system for water use or you can have a water tank.  All tracts in the subdivision are guaranteed a well permit.  There
are two beautiful lakes within 15 miles of this property.  Smith Reservoir, and Mountain Home Reservoir. You can camp and fish at both of these reservoirs.  Facilities include a restroom and boat ramps and nice camping spots.
About Us!
WE ARE A FAMILY BUSINESS (Reichwein Ranches). THAT HAS BEEN IN BUSINESS, SINCE 1982
We own a small ranch a few minutes outside of the town of San Luis.  My father has been buying and selling property in the San Luis Valley for over 30 years.  We are not real estate agents.  We are land owners that sell land directly to buyers and offer owner financing.  If you buy from a realtor you will need to pay cash for the property or get a bank loan.  We want everyone to be able to own a piece of paradise without having to pay cash for the land or get a bank loan!  We will be happy to show you your property whenever you want to come out for a visit.  We hope you will love Southern Colorado as much as our family does!  We also allow our customers to make exchanges for another property during the lifetime of the loan without any extra fees. (other than the price of the property, if there is one).  Our family owns several different tracts in many different subdivisions throughout the San Luis Valley.
I personally took all the pictures in this listing myself and I always stand on the exact lot when taking the view pictures so you know exactly what you are getting! The view pictures 5 through 10 were taken June 2021.
Property price is ,250 and we offer an owner finance option or a cash purchase option. See details of payment options below.
There are no pre-payment penalties on the loan!  You can pay it off at any time.
There are no credit checks!
We also offer a 10% discount if you want to pay cash for the property. My family owns all the property free and clear, and you will be dealing with our family for the life of the loan.  We do not sell the loans to anyone (like some other eBay sellers do), and you can start using the property immediately after the contract is signed, and we receive the first payment.   You can verify the owner of the property by calling Costilla County.  There are no additional documentation and/or recording fees either!  The down payment must be received within 48 hours of the end of the auction.
Payment Options- Option 1
Property Price: ,250.00
Monthly Payments at 4% interest for 5 years:
0.76 a month
(This assumes a 0.00 deposit so you are paying interest on the balance of ,100.00). Annual property taxes are
7.00
and will be pro-rated over 12 months and added to the monthly payment (.58 per month).
The total monthly payment including the property tax is 1.34.
(We accept larger deposits than the 0.00, but 0.00 is the minimum amount required. If the deposit amount is different than 0.00, then the monthly payments will be adjusted accordingly)
Option 2
Cash Purchase with a 10% discount:
,525.00
(,250.00 minus the 10% discount). Warranty Deed will be transferred immediately upon completion of cash purchase.  For this option Annual Property Taxes will be buyer’s responsibility and will need to be paid directly to the County on an annual basis after Deed is transferred.
Information about the San Luis Valley!
This wonderland is located in the scenic southern area of Colorado on the Rio Grande River.  100 miles long and 60 miles wide it is the longest valley in the US.  The Southern Valley (San Luis area) is surrounded by the Sangre De Cristo Mountains to the North, the San Juan Mountains to the West, and the Culebra Range (sub-range of the Sangre De Cristos) to the East.  Large and small farms and sheep and cattle ranches occupy the almost level valley floor.  The snow and spring fed Rio Grande River provides abundant irrigation water.  Numerous creeks drain into the valley.   The San Luis Valley sits at approximately 7800 feet elevation.  This specific property is approximately 10 miles North of San Luis (oldest town in Colorado), approximately 45 minutes Southeast of Alamosa, and 90-120 minutes North of Taos, NM.   There are four distinct seasons with moderate summers and cold (but sunny!) winters.  There is on average 350 days of sunshine per year, and about 13 inches of rainfall a year and 33 inches of snow. (a lot more in the mountains surrounding the Valley)  Wildlife in the area is abundant, and the outdoor activities are endless!
A list of some great fishing sites in the San Luis Valley
Smith Reservoir-  Smith Reservoir has camping spots, a boat ramp, and restrooms available.  Smith Reservoir is about a 20 minute drive from this property.
Mountain Home Reservoir- Mountain Home Reservoir is in the Sangre De Cristo Ranches subdivision and is about a 25 minute drive from this property.  There are camping spots, a boat ramp, and restrooms available.
The Rio Grande River: The Rio Grande River begins high in the San Juan Mountains and journeys all the way to the Gulf of Mexico.
Fish for brown trout, rainbow trout, and native cutthroat.
Smith Lake and Reservoir: From Blanca go 1/2 mile West on US 160 to Airport Rd. then 3 miles to reservoir.
Two boat ramps are available and 18 inch trout have been reported to be plentiful!
Sanchez Reservoir: From San Luis take 4th St. (also known as Hwy 152) Southeast.  At the edge of town the road name changes to P6.  Follow it to the junction of Rd. 21 and turn South.  Sanchez Reservoir will be on the West side of the road.
Fish for  walleyes and northern pike particularly in the Spring!
Facilities include a boat ramp and restroom.
Rio Grande National Forest
San Luis Lakes State Park
Great Sand Dunes National Park
Alamosa-Monte Vista National Wildlife Refuge
Skiing at Red Rock, NM! (65 miles from Fort Garland) and Taos, NM! (90 miles to Taos Ski Valley)
Hunting (particularly Elk) in the area is some of the best in the country!
Driving Directions from Denver to your property: (Approximately 4 hours) From Denver go South on Hwy 25, West on 160, South on Hwy 159.  Right on County Rd. X, left on Balboa, and then left on W. Buckhorn.  The property is the first property on the left and is right on the corner of W. Buckhorn and Balboa. (see picture 2).  The property is about 3,500 ft. off Hwy 159 ( about 3/4 of a mile). Once off of Hwy 159 you will be on wide maintained flat dirt roads.  They are very easy to drive on.   This property is accessible year round.
Driving Directions from Alamosa to your property:
(Approximately 45 minutes). East on 160, South on Hwy 159.  Right on County Rd. X, left on Balboa, and then left on W. Buckhorn.  The property is the first property on the left and is right on the corner of W. Buckhorn and Balboa. (see picture 2). The property is about 3,500 ft. off Hwy 159 (about 3/4 of a mile).
Once off of Hwy 159 you will be on wide maintained dirt roads. They are very easy to drive on.  The property is accessible year round.
We highly encourage you to email with all questions up front.   Once the auction is over, we will contact you right away and will need your name, address, telephone number and how you would like to make payments.  We will send the paperwork right away that needs to be signed and sent back to us.
We accept multiple types of payment and will work with you on how you would
like to make your payments.
There are no hidden paperwork fees or any hidden fees of any kind.   We want you to be completely comfortable buying from us so please email or call with any questions!
Frequently asked questions:
1.
Can you get a well permit?
Answer: Yes, all properties in the San Luis North Estates subdivision allow well permits.  The well depth can vary greatly depending on where you are in the subdivision, because the subdivision has varied terrain and has hills in some areas. This particular lot climbs in elevation from the Valley floor.
2. Are there trees on the property?
Answer: No,  the property is a mixture of small and medium size shrubs.
3. What is the closest town?
Answer: This property sits between Fort Garland and San Luis, CO.  San Luis is about 10 miles south, and Fort Garland is about 10 miles North of the property.  Alamosa is about 45 minutes away and has all the amenities (big box stores, Safeway, a University, restaurants, hotels, etc..)
4. Can you get Internet, Cable, and Cell Service?
Answer: Yes, AT&T and Verizon both work for cell phone coverage in the overall San Luis Valley.  I have not tried Sprint or T-Mobile for cell phone service in the area.   Direct TV is common for Satellite TV.  Hughes.net and WildBlue/Exede are common for Internet.
5.
Is there power?
Answer:  No, there is no power on the property.  Most properties in the San Luis Valley use Solar for power.
6.
Is there a time limit to build on the property?
Answer:  There is no time limit to build on the property, however once you start building you have a year to complete the structure.
7. Are there restrictions on animals in the San Luis North Estates?
Answer: Here is what the covenants say on animals.  “No animals or poultry shall be kept on said lands except ordinary house hold pets belonging to the household.  Other animals such as horses, cows, or poultry may be kept only with the prior written permission of declarant”   Please call Costilla County if you have questions about any particular farm animals for this particular subdivision.
8. Can you camp or put an RV on the property?
Answer: Yes, You can camp and put an RV on the property temporarily, however they do not allow temporary structures (RV’s, trailer homes, etc..) on the property long term.  You will need to clear a spot to be able to drive onto the property.
9. What are the roads like?
Answer:  HWY 159 is a two lane paved road.   Once you turn off HWY 159 the roads to the property are wide maintained dirt roads.  They are flat and easy to drive on. This property is accessible year round.  See picture 11 of the dirt road to the property.