NOT LISTED FOR SALE

2016 E Arbors Ave Hobbs, NM 88240

Estimated Value: $455,000 - $638,000

-- Bed
-- Bath
-- Sq Ft
0.31 Acres

Last Sold November 20, 2020

Current estimated payment $3,366/month

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA
  • Fenced

About This Home

As of November 2020

This home is located at 2016 E Arbors Ave, Hobbs, NM 88240 since 21 October 2020 and is currently estimated at $569,719. This property was built in 2008. 2016 E Arbors Ave is a home located in Lea County with nearby schools including Coronado Elementary School, Highland Middle School, and Hobbs Freshman High School.

Last Agent to Sell the Property

Donnie Roberts

DONNIE ROBERTS, REALTORS LLC Listed on: 10/21/2020

Last Buyer's Agent

Matthew Smith

MVMT REALESTATE License #50520

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,255

Year Built

  • Built in 2008

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 205 x 65
  • Fenced

Home Design

  • Traditional Architecture
  • Frame Construction
  • Stucco

Interior Spaces

  • 1-Story Property

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number Owne r #206292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,255

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • Reso Property Sub Type: Multi Unit 2-4
  • Prop. Type: Residential Income
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Architectural Style: Traditional
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Free-Standing Range, Refrigerator, Electric Water Heater
  • Stories: 1

Exterior Features

  • Fencing: Fence
  • Acres: 0.3059
  • Construction Type: Frame, Stucco
  • Exterior Features: Sidewalk

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Garbage, Cable Connected, TV-Cable
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Water-City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 205 x 65
  • Lot Size Sq Ft: 13325
  • ResoLotSizeUnits: Square Feet
  • Parcel #: Owne r #206292
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 18, 2020
Sold by
Lathram Jordan and Lathram Kelsey
Bought by
Lathram Jordan and Lathram Kelsey
Seller's Agent
Donnie Roberts
DONNIE ROBERTS, REALTORS LLC
Buyer's Agent
Matthew Smith
MVMT REALESTATE
List Price
$470,000
Current Estimated Value
$569,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$352,500
Outstanding Balance
$313,675
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$256,044

Purchase Details

Closed on
Dec 14, 2011
Sold by
Western States Dev Group L L C
Bought by
R J K Properties L L C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lathram Jordan -- First American Title Ins Co
Lathram Jordan -- First American Title Ins Co
R J K Properties L L C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lathram Jordan $352,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold -- -- --
10/21/2020 10/21/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $470,000 -- --
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 $4,290 $156,963 $13,911 $143,052
2023 $4,222 $152,391 $13,506 $138,885
2022 $4,168 $152,391 $13,506 $138,885
2021 $4,157 $152,391 $13,506 $138,885
2020 $3,395 $126,345 $13,506 $112,839
2019 $3,337 $126,345 $13,506 $112,839
2018 $3,300 $126,345 $13,506 $112,839
2017 $3,490 $379,035 $40,518 $338,517
2016 $3,632 $379,035 $40,518 $338,517
2015 $3,402 $387,483 $39,339 $348,144
2014 -- $386,337 $38,193 $348,144
Source: Public Records

Agents Affiliated with this Home

  • Donnie Roberts

    Seller's Agent in 2020

    Donnie Roberts

    DONNIE ROBERTS, REALTORS LLC

    (940) 399-0983

    27 Total Sales

    Donnie Roberts
    Section Image
  • Matthew Smith

    Buyer's Agent in 2020

    Matthew Smith

    MVMT REALESTATE

    (575) 441-3880

    111 Total Sales

    Matthew Smith
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20205269

New Mexico MLS

APN: 4980104154317

New Mexico Lea County Hobbs 88240

2016 E Arbors Ave, Hobbs, NM

Not Listed for Sale

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