NOT LISTED FOR SALE

2319 N Mulberry Ln Hobbs, NM 88240

Estimated Value: $109,000 - $517,000

5 Beds
3 Baths
-- Sq Ft
9,278 Sq Ft Lot

Last Sold March 28, 2019

Current estimated payment $2,135/month

200 Days on Market

About This Home

As of March 2019

Fantastic time to get involved a Rental income property with potential to see an increase in monthly income with existing tenants already in place The same sellers have another rental income 4 Plex available currently listed in the same subdivision

Last Agent to Sell the Property

Chad Bridges

Keller Williams Realty - Cl/Ho License #42698 Listed on: 09/09/2018

Keller Williams Realty - Cl/Ho

Last Buyer's Agent

LEEROY RIVAS

Rivas Real Estate Team Co. License #50945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,181

Year Built

  • Built in 2008

Lot Details

  • Irregular Lot

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4990918114816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,181

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Directions: Take Bender to Ranch Land Drive, turn left east arbors, left on North Mulberry.
  • Year Built: 2008
  • 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

  • Total Bedrooms: 5

Exterior Features

  • Roof: Pitched, Shingle
  • Construction Type: Stucco
  • Foundation Details: Slab

Utilities

  • Cooling Y N: No
  • HeatingYN: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 4990918114816

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2018
Closed on
Apr 4, 2019
Sold by
Schmorleitz Michael G and Provost Katherine J
Bought by
Ortega Diego
Seller's Agent
Chad Bridges
Keller Williams Realty - Cl/Ho
Buyer's Agent
LEEROY RIVAS
Rivas Real Estate Team Co.
List Price
$365,000
Current Estimated Value
$351,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.28%
Original Mortgage
$338,751
Outstanding Balance
$297,822
Interest Rate
4.3%
Mortgage Type
FHA
Estimated Equity
$53,596

Purchase Details

Closed on
Jun 27, 2012
Sold by
Western States Dev Group L L C
Bought by
Schmorleitz Michael G and Provost Katherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250,000
Interest Rate
3.81%
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
Ortega Diego -- None Available
Schmorleitz Michael G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortega Diego $338,751
Previous Owner Schmorleitz Michael G $26,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2019 04/08/19 Pending -- -- --
03/28/2019 03/28/19 Sold -- -- --
09/09/2018 09/09/18 For Sale $365,000 -- --
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 $3,181 $116,376 $22,659 $93,717
2023 $3,130 $112,987 $21,999 $90,988
2022 $3,090 $112,987 $21,999 $90,988
2021 $3,082 $112,987 $21,999 $90,988
2020 $3,036 $112,987 $21,999 $90,988
2019 $2,984 $112,987 $21,999 $90,988
2018 $2,951 $112,987 $21,999 $90,988
2017 $3,121 $338,961 $65,997 $272,964
2016 $3,248 $338,961 $65,997 $272,964
2015 $2,976 $338,961 $65,997 $272,964
2014 -- $338,961 $65,997 $272,964
Source: Public Records

Agents Affiliated with this Home

  • Chad Bridges

    Seller's Agent in 2019

    Chad Bridges

    Keller Williams Realty - Cl/Ho

    (806) 252-6210

    156 Total Sales

    Chad Bridges
    Section Image
  • LEEROY RIVAS

    Buyer's Agent in 2019

    LEEROY RIVAS

    Rivas Real Estate Team Co.

    (575) 318-6228

    414 Total Sales

    LEEROY RIVAS
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20184246

New Mexico MLS

APN: 4990918114816

New Mexico Lea County Hobbs 88240

2319 N Mulberry Ln, Hobbs, NM

This home is located at 2319 N Mulberry Ln, Hobbs, NM 88240 since 09 September 2018 and is currently estimated at $351,418. This property was built in 2008. 2319 N Mulberry Ln is a home located in Lea County with nearby schools including Coronado Elementary School, Highland 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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