NOT LISTED FOR SALE

2302 N Mimosa Ln Hobbs, NM 88240

Estimated Value: $108,000 - $563,664

5 Beds
3 Baths
3,936 Sq Ft
$105/Sq Ft Est. Value

Last Sold October 15, 2021

Current estimated payment $2,523/month

26 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Fenced
  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Awesome four-plex at The Arbors in Hobbs. There are 2 two bedroom, one bathroom units that have a 1 car garage and 2 three bedroom, two bathroom units that have a 2 car garage. Three units are currently rented. These units have great income potential with a great track record. It is a very nice, upper end four-plex. You could live in the empty unit and have tenants pay your mortgage!

Last Agent to Sell the Property

Matthew Smith

MVMT REALESTATE License #50520 Listed on: 07/31/2021

Last Buyer's Agent

LEEROY RIVAS

Rivas Real Estate Team Co. License #50945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,925

Year Built

  • Built in 2012

Lot Details

  • Fenced
  • Irregular Lot

Home Design

  • 3,936 Sq Ft Home
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Stucco

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Eco-Friendly Details

  • Drip Irrigation

Utilities

  • Refrigerated Cooling System
  • 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

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4980104152221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,925

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Year Built: 2012
  • Reso Property Sub Type: Multi Unit 2-4
  • Prop. Type: Residential Income
  • ResoLotFeatures: Irregular Lot
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Reso Flooring: Carpet, Tile
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Free-Standing Range, Refrigerator, Washer, Gas Water Heater
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Pitched, Shingle
  • Fencing: Fence
  • Construction Type: Stucco
  • Exterior Features: Drip Irrigation
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garage Door Opener

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Garbage, Cable Connected
  • Electric: Meters(Electric Separate)
  • Gas: Meters(Gas Separate)
  • Cooling: Electric, Central Air, Refrigerated
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Water-City, Meters(Water Separate)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 4980104152221

Multi Family

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

Tax Info

  • Tax Annual Amount: 3925.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2021
Closed on
Oct 15, 2021
Sold by
Ryan Melanie A and The Melanie A Ryan Trust
Bought by
Ayala Justo
Seller's Agent
Matthew Smith
MVMT REALESTATE
Buyer's Agent
LEEROY RIVAS
Rivas Real Estate Team Co.
List Price
$490,000
Current Estimated Value
$412,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.74%
Original Mortgage
$461,487
Outstanding Balance
$420,833
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
-$7,917

Purchase Details

Closed on
Jan 31, 2013
Sold by
Ryan Melanie A and Ryan Michael Andrew
Bought by
Ryan Melanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,625,000
Interest Rate
3.38%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Ayala Justo -- First American Title Ins Co
Ryan Melanie A -- --
Ryan Melanie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayala Justo $461,487
Previous Owner Ryan Melanie $38,625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold -- -- --
08/26/2021 08/26/21 Pending -- -- --
08/21/2021 08/21/21 For Sale $490,000 0.0% $124 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $490,000 -- $124 / 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 $3,992 $146,080 $22,500 $123,580
2023 $4,047 $146,080 $22,500 $123,580
2022 $3,995 $146,080 $22,500 $123,580
2021 $3,985 $146,080 $22,500 $123,580
2020 $3,925 $146,080 $22,500 $123,580
2019 $3,858 $146,080 $22,500 $123,580
2018 $3,816 $146,080 $22,500 $123,580
2017 $4,035 $438,240 $67,500 $370,740
2016 $4,199 $438,240 $67,500 $370,740
2015 $3,848 $438,240 $67,500 $370,740
2014 -- $438,240 $67,500 $370,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Mexico MLS

MLS Number: 20214180

New Mexico MLS

APN: 4980104152221