NOT LISTED FOR SALE

1522 N Commercial Ave Lovington, NM 88260

Estimated Value: $75,000 - $133,000

4 Beds
1.5 Baths
1,632 Sq Ft
$59/Sq Ft Est. Value

Last Sold May 30, 2023

Current estimated payment $553/month

6 Days on Market

Highlights

  • Horses Allowed On Property
  • Shed
  • Carpet
  • No HOA
  • Fenced
  • Heating Available

About This Home

As of May 2023

Home is located on a Commercial Street. Would make a great home in the country or a place to start a business. Lots of potential with this property. The lot adjacent has a horse corral. Please call us for a private home tour.

Last Agent to Sell the Property

Martha Thomas

Casa Oasis Realty Listed on: 04/18/2023

Last Buyer's Agent

Monica Gutierrez

Casa Oasis Realty License #51061

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $594

Year Built

  • Built in 1975

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Heating Available
  • Natural Gas Connected
  • Private Water Source
  • Septic Tank

Additional Features

  • Shed
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Faris Sub Div Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 4000341930001

Home Details

Home Type

Single Family

Est. Annual Taxes

$594

Year Built

Built in 1975

Lot Details

0

Listing Details

  • New Construction: No
  • Year Built: 1975
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoSpecialListingConditions: REO Sale
  • Subdivision Name: Faris Sub-Div
  • Architectural Style: Ranch
  • Carport Y N: No
  • Reso Flooring: Carpet, Vinyl
  • Garage Yn: No
  • Unit Levels: One
  • Reso Other Structures: Shed(s)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Water Heater - One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Roof: Pitched, Shingle
  • Fencing: Back Yard, Fenced
  • Acres: 0.09
  • Construction Type: Stucco
  • Exterior Features: Horses Allowed

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Septic Tank
  • Cooling Y N: No
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000341930001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 594.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2020
Sold by
Oscar and Dominguez Catalina Dominguez
Bought by
Reverse Mortgage Funding Llc
Current Estimated Value
$95,935

Purchase Details

Closed on
Jan 10, 2019
Sold by
County Of Lea
Bought by
Revese Mortgage Funding Llc

Purchase Details

Closed on
Dec 20, 2013
Sold by
Willyard Jackie E and Willyard Jack E
Bought by
Willyard Jackie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,250,000
Interest Rate
4.26%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Reverse Mortgage Funding Llc -- None Available
Revese Mortgage Funding Llc -- None Available
Willyard Jackie E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willyard Jackie E $17,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2023 05/30/23 Sold -- -- --
04/24/2023 04/24/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $64,900 -- $40 / Sq Ft
Source: New Mexico MLS

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 $580 $21,363 $2,167 $19,196
2023 $473 $17,214 $1,854 $15,360
2022 $459 $17,214 $1,854 $15,360
2021 $443 $16,227 $1,748 $14,479
2020 $433 $15,754 $1,697 $14,057
2019 $421 $15,296 $1,648 $13,648
2018 $406 $14,850 $1,600 $13,250
2017 $229 $43,251 $4,659 $38,592
2016 $226 $43,251 $4,659 $38,592
2015 $227 $43,251 $4,659 $38,592
2014 -- $41,991 $4,524 $37,467
Source: Public Records

Agents Affiliated with this Home

  • Martha Thomas

    Seller's Agent in 2023

    Martha Thomas

    Casa Oasis Realty

    (575) 390-8104

    143 Total Sales

    Martha Thomas
    Section Image
  • Monica Gutierrez

    Buyer's Agent in 2023

    Monica Gutierrez

    Casa Oasis Realty

    (575) 408-2850

    128 Total Sales

    Monica Gutierrez
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20231794

New Mexico MLS

APN: 4000341930001

New Mexico Lea County Lovington 88260

1522 N Commercial Ave, Lovington, NM

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