This new price is now beyond below market value on this bank owned city residential building lot in the Las Lomas subdivision of Santa Fe, New Mexico. This established subdivision is located in-town off of West Alameda. This residential lot on 1705 Painted Sky is on a paved road and a cul-de-sac street. The covenants allow a single family dwelling with an attached garage and guest house, solar heating devices and attached recreational facilities. The minimum size exclusive of the garage is 1600 square feet of interior space. The building site is a sloped wooded terrain with unobstructed views from this hilltop lot. This bank owned residential lot is an opportunity for the smart buyer looking for value in Santa Fe land. Bank financing on the lot purchase is available to qualified buyers... 03/29/2012