Buyer's Agent in 2019
Matthew Smith
MVMT REALESTATE
(575) 441-3880
114 Total Sales
Estimated Value: $2,367,126
6
Beds
4
Baths
61,528
Sq Ft
$38/Sq Ft
Est. Value
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Laundry Facilities
- Refrigerated Cooling System
- Ceiling Fan
- Wood Siding
About This Home
As of November 2019Property Features: A desirable mix of one, two and three-bedroom units feature a patio, dishwasher and garbage disposal. Community amenities include a clubhouse, swimming pool, on-site laundry facility, barbecue and picnic area and leasing office. Desirable Location: Right across the street from Coca Cola Southwest Beverage, a subsidiary of Arca Continental, one of the largest CocaCola franchise bottlers in the world. Located in Hobbs, the heart of the "Oil Patch" of New Mexico and the largest producer of crude oil in the state, with major global energy companies like ConocoPhilips, Chevron and Baker Hughes. Just 10 minutes from Hobbs' employment and recreation hub on North Lovington Highway, which includes New Mexico Junior College, Lea Regional Medical Center, Lea County Event Center, Zia Park Casino and Racetrack and the new $63.5 million state-of-the-art Center of Recreational Excellence.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,099
Year Built
- Built in 1997
Lot Details
- 3.64 Acre Lot
- Irregular Lot
Home Design
- Pitched Roof
- Shingle Roof
- Wood Siding
Interior Spaces
- 61,528 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Free-Standing Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 4000119790001
Community Details
Overview
- No Home Owners Association
- 78 Units
Amenities
- Laundry Facilities
Recreation
- Recreational Area
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 13, 2022
Sold by
Ae Avalon Cove Llc
Bought by
Avalon Cove Apartment Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
4.48%
Mortgage Type
Construction
Purchase Details
Listed on
Dec 2, 2018
Closed on
Nov 25, 2019
Sold by
Broadway Apartments Limited Partnership
Bought by
Ae Avalon Cove Llc
Buyer's Agent
Matthew Smith
MVMT REALESTATE
List Price
$2,050,000
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Avalon Cove Apartment Llc | -- | First American Title | |
| Ae Avalon Cove Llc | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Avalon Cove Apartment Llc | $2,640,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2019 11/25/19 | Sold | -- | -- | -- |
| 12/30/2018 12/30/18 | Pending | -- | -- | -- |
| 12/02/2018 12/02/18 | For Sale | $2,050,000 | -- | $33 / Sq Ft |
Source: New Mexico MLS
Tax History Compared to Growth
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 | $18,099 | $662,244 | $15,887 | $646,357 |
| 2023 | $17,812 | $642,955 | $15,424 | $627,531 |
| 2022 | $17,073 | $642,955 | $15,424 | $627,531 |
| 2021 | $16,534 | $606,047 | $14,539 | $591,508 |
| 2020 | $15,810 | $588,396 | $14,116 | $574,280 |
| 2019 | $15,086 | $571,258 | $13,705 | $557,553 |
| 2018 | $14,487 | $554,620 | $13,306 | $541,314 |
| 2017 | $14,872 | $1,615,398 | $38,754 | $1,576,644 |
| 2016 | $15,026 | $1,568,349 | $37,626 | $1,530,723 |
| 2015 | $13,369 | $1,522,671 | $36,531 | $1,486,140 |
| 2014 | -- | $1,478,319 | $35,466 | $1,442,853 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Smith
Map
Source: New Mexico MLS
MLS Number: 20195778
APN: 4000119790001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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