NOT LISTED FOR SALE

1617 W Camino Del Arco Hobbs, NM 88240

Estimated Value: $404,000 - $410,301

-- Bed
-- Bath
3,824 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 14, 2023

Current estimated payment $2,497/month

3 Days on Market

About This Home

As of July 2023

GREAT INVESTMENT PROPERTY located near shopping and many restaurants. 1617 is a 3 bedroom, 2 bath, 2 car garage fully furnished! 1617 A and 1617 B are 2 bedroom, 1 bath, 1 car garage each and are presently rented.

Last Agent to Sell the Property

Cindy Shoobridge

ROBINSON & ASSOCIATES REAL ESTATE License #46983 Listed on: 05/22/2023

ROBINSON & ASSOCIATES REAL ESTATE

Last Buyer's Agent

Cindy Shoobridge

ROBINSON & ASSOCIATES REAL ESTATE License #46983 Listed on: 05/22/2023

ROBINSON & ASSOCIATES REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,036

Year Built

  • Built in 1983

Lot Details

  • Irregular Lot

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4000759130001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,036

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Year Built: 1983
  • Prop. Type: Residential Income
  • ResoLotFeatures: Irregular Lot
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Cooling Y N: No
  • HeatingYN: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 4000759130001

Multi Family

  • Number Of Units Total: 3
  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3036.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Jul 14, 2023
Sold by
Merchant Mohammed Yamian and Merchant Joy
Bought by
Buyspot Llc
Seller's Agent
Cindy Shoobridge
ROBINSON & ASSOCIATES REAL ESTATE
Buyer's Agent
Cindy Shoobridge
ROBINSON & ASSOCIATES REAL ESTATE
List Price
$395,000
Views
5
Current Estimated Value
$404,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.32%
Original Mortgage
$290,800
Outstanding Balance
$285,277
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$29,835
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
Buyspot Llc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buyspot Llc $290,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold -- -- --
05/25/2023 05/25/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $395,000 -- $103 / 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 $3,143 $114,983 $12,117 $102,866
2023 $1,762 $63,588 $8,095 $55,493
2022 $1,689 $63,588 $8,095 $55,493
2021 $1,635 $59,938 $7,630 $52,308
2020 $1,564 $58,192 $7,408 $50,784
2019 $1,492 $56,497 $7,192 $49,305
2018 $1,433 $54,852 $6,983 $47,869
2017 $1,471 $159,765 $20,340 $139,425
2016 $1,486 $155,112 $19,749 $135,363
2015 $1,322 $150,594 $19,173 $131,421
2014 -- $146,208 $18,615 $127,593
Source: Public Records

Agents Affiliated with this Home

  • Cindy Shoobridge

    Seller's Agent in 2023

    Cindy Shoobridge

    ROBINSON & ASSOCIATES REAL ESTATE

    (575) 390-1361

    202 Total Sales

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Map

Source: New Mexico MLS

MLS Number: 20232532

New Mexico MLS

APN: 4000759130001

New Mexico Lea County Hobbs 88240

1617 W Camino Del Arco, Hobbs, NM

This home is located at 1617 W Camino Del Arco, Hobbs, NM 88240 since 22 May 2023 and is currently estimated at $407,151, approximately $106 per square foot. This property was built in 1983. 1617 W Camino Del Arco is a home located in Lea County with nearby schools including Stone Elementary School, Houston Middle School, and Hobbs Freshman High School.

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.

New Mexico MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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