NOT LISTED FOR SALE

302 W Palace Ave Hobbs, NM 88240

Estimated Value: $81,000 - $129,813

-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

About This Home

This home is located at 302 W Palace Ave, Hobbs, NM 88240 and is currently estimated at $101,203. 302 W Palace Ave is a home located in Lea County with nearby schools including Southern Heights Elementary School, Heizer Middle School, and Hobbs High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2017
Sold by
Pallanes Mary P and Pallanes Lnes S
Bought by
Ledezma Arnoldo and Ledezma Stephanie
Current Estimated Value
$101,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Outstanding Balance
$51,238
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$49,965
Source: Public Records

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
Ledezma Arnoldo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ledezma Arnoldo $61,600
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 $675 $24,706 $2,805 $21,901
2023 $665 $23,986 $2,723 $21,263
2022 $637 $23,986 $2,723 $21,263
2021 $617 $22,610 $2,567 $20,043
2020 $608 $22,610 $2,567 $20,043
2019 $597 $22,610 $2,567 $20,043
2018 $591 $22,610 $2,567 $20,043
2017 $307 $33,345 $2,052 $31,293
2016 $310 $32,373 $1,992 $30,381
2015 $276 $31,431 $1,935 $29,496
2014 -- $30,516 $1,878 $28,638
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

302 W Palace Ave, Hobbs, NM

This home is located at 302 W Palace Ave, Hobbs, NM 88240 and is currently estimated at $101,203. 302 W Palace Ave is a home located in Lea County with nearby schools including Southern Heights Elementary School, Heizer Middle School, and Hobbs High School.

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