Seller's Agent in 2023
Matthew Smith
MVMT REALESTATE
(575) 441-3880
111 Total Sales
Estimated Value: $369,000 - $552,169
5
Beds
3
Baths
3,936
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- Attic
- No HOA
- Laundry Room
- Private Yard
- Covered Patio or Porch
- Tile Flooring
About This Home
As of August 2023Great investment opportunity at the Arbors in Hobbs. This fourplex has two two bedroom, one bath units with a one car garage and two three bedroom, two bath units with a two car garage. All units are occupied with great rents. The units include all appliances. Hard to find investment property in Hobbs with a 10% cap rate!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,559
Year Built
- Built in 2012
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 211' x 65'
- Fenced
- Landscaped
- Private Yard
Home Design
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 3,936 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Attic
Kitchen
- Free-Standing Range
- Range Hood
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Garage
- Garage Door Opener
- 6 Open Parking Spaces
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Connected
- Individual Gas Meter
- Separate Water Meter
- Gas Water Heater
- Cable TV Available
Additional Features
- Drip Irrigation
- Covered Patio or Porch
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 4980104154011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 20, 2025
Sold by
Lathram Jordan
Bought by
Arbors Hobbs Llc
Current Estimated Value
Purchase Details
Listed on
Jun 14, 2023
Closed on
Aug 25, 2023
Sold by
Waddell Gail O
Bought by
Lathram Jordan
Seller's Agent
Matthew Smith
MVMT REALESTATE
Buyer's Agent
Matthew Smith
MVMT REALESTATE
List Price
$500,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.62%
Original Mortgage
$375,000
Interest Rate
6.96%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 30, 2012
Sold by
R J K Properties L L C
Bought by
Cahill Gail O
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 |
|---|---|---|---|
| Arbors Hobbs Llc | -- | First American Title Insurance | |
| Lathram Jordan | -- | First American Title Insurance | |
| Cahill Gail O | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lathram Jordan | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2023 08/25/23 | Sold | -- | -- | -- |
| 06/16/2023 06/16/23 | Pending | -- | -- | -- |
| 06/14/2023 06/14/23 | For Sale | $500,000 | -- | $127 / 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 | $4,571 | $167,255 | $13,333 | $153,922 |
| 2023 | $4,176 | $150,726 | $12,360 | $138,366 |
| 2022 | $4,002 | $150,726 | $12,360 | $138,366 |
| 2021 | $3,992 | $146,336 | $12,000 | $134,336 |
| 2020 | $3,932 | $146,336 | $12,000 | $134,336 |
| 2019 | $3,865 | $146,336 | $12,000 | $134,336 |
| 2018 | $3,822 | $146,336 | $12,000 | $134,336 |
| 2017 | $4,042 | $439,008 | $36,000 | $403,008 |
| 2016 | $4,206 | $439,008 | $36,000 | $403,008 |
| 2015 | $3,854 | $439,008 | $36,000 | $403,008 |
| 2014 | -- | $439,008 | $36,000 | $403,008 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Smith
Map
Source: New Mexico MLS
MLS Number: 20234645
APN: 4980104154011
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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