NOT LISTED FOR SALE

228 E Navajo Dr Hobbs, NM 88240

Estimated Value: $581,000

-- Bed
-- Bath
1,452 Sq Ft
$400/Sq Ft Est. Value

About This Home

This home is located at 228 E Navajo Dr, Hobbs, NM 88240 and is currently priced at $581,000, approximately $400 per square foot. 228 E Navajo Dr is a home located in Lea County with nearby schools including Mills Elementary School, Highland Middle School, and Hobbs Freshman High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
Dwayne Penick
Bought by
Penick Properties Llc
Current Estimated Value
$581,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,823,440
Outstanding Balance
$949,471
Interest Rate
3.76%

Purchase Details

Closed on
Oct 31, 2017
Sold by
Penick Dwayne and Penick Joann
Bought by
Penick Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$803,987
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2014
Sold by
George George and Wiebe Mary
Bought by
Penick Dwayne and Penick Joann

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Penick Properties Llc -- First American Title
Penick Properties Llc -- First American Title
Penick Properties Llc -- None Available
Penick Dwayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penick Properties Llc $1,823,440
Closed Penick Properties Llc $1,823,440
Previous Owner Penick Properties Llc $803,987
Closed Penick Properties Llc $1,823,440
Source: Public Records

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 $9,161 $265,494 $48,835 $216,659
2023 $8,452 $244,918 $47,413 $197,505
2022 $8,111 $244,918 $47,413 $197,505
2021 $8,068 $236,443 $44,691 $191,752
2020 $7,884 $235,141 $43,389 $191,752
2019 $7,547 $228,292 $42,125 $186,167
2018 $1,347 $40,898 $40,898 $0
2017 $1,383 $119,121 $119,121 $0
2016 $1,382 $115,650 $115,650 $0
2015 $1,272 $115,650 $115,650 $0
2014 -- $115,650 $115,650 $0
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

228 E Navajo Dr, Hobbs, NM

Homes for Sale in Hobbs, NM

This home is located at 228 E Navajo Dr, Hobbs, NM 88240 and is currently priced at $581,000, approximately $400 per square foot. 228 E Navajo Dr is a home located in Lea County with nearby schools including Mills Elementary School, Highland Middle School, and Hobbs Freshman High School.

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