NOT LISTED FOR SALE

1024 Desert Sage Hobbs, NM 88242

Estimated Value: $100,000 - $498,000

3 Beds
2 Baths
2,995 Sq Ft
$124/Sq Ft Est. Value

About This Home

This home is located at 1024 Desert Sage, Hobbs, NM 88242 and is currently estimated at $370,051, approximately $123 per square foot. 1024 Desert Sage is a home located in Lea County with nearby schools including College Lane Elementary School, Houston Middle School, and Hobbs Freshman High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2012
Sold by
Honeyfield Eric and Honeyfield Janice
Bought by
Martinez Joe F and Martinez Andrea
Current Estimated Value
$370,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,967,500
Outstanding Balance
$22,532,122
Interest Rate
3.59%
Mortgage Type
FHA
Estimated Equity
-$22,145,214
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martinez Joe F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forrister Aaron P $403,750
Open Martinez Joe F $31,967,500
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,607 $131,966 $14,167 $117,799
2023 $3,656 $131,966 $14,167 $117,799
2022 $3,028 $131,966 $14,167 $117,799
2021 $2,932 $107,473 $11,500 $95,973
2020 $2,888 $107,473 $11,500 $95,973
2019 $2,838 $107,473 $11,500 $95,973
2018 $2,807 $107,473 $11,500 $95,973
2017 $2,968 $322,419 $34,500 $287,919
2016 $2,884 $301,029 $33,651 $267,378
2015 $2,643 $301,029 $33,651 $267,378
2014 -- $301,029 $33,651 $267,378
Source: Public Records

Map

New Mexico Lea County Hobbs 88242

1024 Desert Sage, Hobbs, NM

This home is located at 1024 Desert Sage, Hobbs, NM 88242 and is currently estimated at $370,051, approximately $123 per square foot. 1024 Desert Sage is a home located in Lea County with nearby schools including College Lane Elementary School, Houston Middle School, and Hobbs Freshman High School.

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