Located in Lemitar, NM, this property spans 57.45 acres across 11 parcels, including 6 acres of pre-1907 water rights. The land was mostly used as a chili farm and for a buyer, it has potential for any farming enthusiast. The seller will transfer water rights to the buyer, ensuring partial irrigational support and with water banking and leasing options through the Middle Rio Grande Conservancy District, this property offers a sustainable water solution for a possible future agricultural operation. Real Estate Contract is possible with approved terms.
Property Details
Property Features
Listing Office:
Office Name: RE/MAX ELEVATE
Office Phone: (505) 702-8789
Listing Agent: Team Elevate
Lot Features
Lot Information:
Lot: Other, See Remarks, Views
Lot Size: 57.45 Acres
Other
Directions Information:
Directions: Turn left onto Cll De Lemitar/ Lemitar Frontage Rd, then turn left on Olive Ln. Go North on Olive to the dirt road that starts on the left just past Rynni Rd. See additional property info sheet w/map.
Price Information
Listing Price Info
Price Summary:
List Price: $353,676
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MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1059897
Listing Office:
Office Name: RE/MAX ELEVATE
Office Phone: (505) 702-8789
Listing Agent: Team Elevate
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Midway Elementary School
9 Midway Rd
Distance between this listing and this school0.69 miles
Public District Grades KG-5
5
/10
Parkview Elementary School
107 Francisco De Avando St
Distance between this listing and this school7.21 miles
Public District Grades KG-5
6
/10
San Antonio Elementary School
2 4th St
Distance between this listing and this school18.20 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sarracino Middle School
1425 El Camino Real St
Distance between this listing and this school6.46 miles
Public District Grades 6-8
6
/10
Cottonwood Valley Charter
201 Neel Ave
Distance between this listing and this school8.02 miles
Public Charter Grades KG-8
4
/10
Magdalena Middle School
201 Duggins Dr
Distance between this listing and this school19.06 miles
Public District Grades 6-8
Nearby Schools
4
/10
Socorro High School
1200 Michigan St
Distance between this listing and this school9.21 miles
Public District Grades 9-12
6
/10
Magdalena High School
201 Duggins Dr
Distance between this listing and this school19.06 miles
The neighbors living near this home have an average income of $42,447. Most Socorro County, NM residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Olive Ln
What is the listing price of this property?
The listing price of Olive Ln property is $353,676.
What type of property is this?
The property Olive Ln is land located in Lemitar, New Mexico, 87823.
Is this property for sale now?
Active Listing: Olive Ln is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at Olive Ln in Lemitar, NM and zip code 87823. This home sits on a 57.45 acre lot. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $353,676.
While more than 1 listings in Socorro County, NM in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Socorro County, NM decreased by 18.4% between October 2024 and November 2024. Listings spent 101 days on the market in November 2024, and had a median list price of $202,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. 
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