NOT LISTED FOR SALE

310 E Palace Ave Hobbs, NM 88240

Estimated Value: $133,000 - $178,083

4 Beds
1 Bath
1,724 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 24, 2020

Current estimated payment $916/month

76 Days on Market

Highlights

  • No HOA
  • Attached Carport
  • Concrete Flooring
  • Cooling System Powered By Gas
  • 2 Car Garage
  • 5-minute walk to Heizer Park

About This Home

As of March 2020

Nice corner lot with nice curb appeal in the Southern Heights Addition. Features 4 bedrooms, 1 bath, metal roof, siding, fence, storage building, utility room, carpeting and tile. Nice size bathroom has double sinks with separate shower and tub. The home is on a concrete slab. The majority of the home was built with cinder blocks that has been sheet rocked. Home also features a nice covered patio that has not been completed. Call to schedule your appointment.

Last Agent to Sell the Property

Denise Ross

UNITED REALTY, LLC - HOBBS License #50867 Listed on: 10/30/2019

Last Buyer's Agent

Alex Henderson

Nexus Real Estate License #52363

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,118

Year Built

  • Built in 1950

Lot Details

  • 8,100 Sq Ft Lot
  • Lot Dimensions are 60 x 135
  • Fenced

Parking

  • 2 Car Garage
  • Attached Carport

Home Design

  • Metal Roof

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring
  • Free-Standing Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Powered By Gas
  • Refrigerated Cooling System
  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000042070001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,118

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Directions: Head South on Turner all the way to East Palace take a left travel to the location.
  • New Construction: No
  • Year Built: 1950
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Carport Y N: Yes
  • Reso Flooring: Concrete
  • Garage Yn: Yes
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Free-Standing Range
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Roof: Metal
  • Fencing: Fenced
  • Acres: 0.186
  • Construction Type: Block - Cinder

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Cooling: Central Air, Gas, Refrigerated
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 60 x 135
  • Lot Size Sq Ft: 8100
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000042070001
  • ResoLotSizeUnits: SquareFeet

Green Features

Tax Info

  • Year: 2019
  • Tax Annual Amount: 1117.96

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2019
Closed on
Mar 26, 2020
Sold by
Landrum Cassondra N and Landrum Paul G
Bought by
Velazquez Pedro
Seller's Agent
Denise Ross
UNITED REALTY, LLC - HOBBS
Buyer's Agent
Alex Henderson
Nexus Real Estate
List Price
$127,000
Current Estimated Value
$160,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$122,735
Outstanding Balance
$110,400
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$48,871

Purchase Details

Listed on
Oct 30, 2019
Closed on
Mar 24, 2020
Sold by
Velazquez Pedro and Arias Luzz Angelica
Bought by
Velazquez Pedro and Arias Luz Angelica
Seller's Agent
Denise Ross
UNITED REALTY, LLC - HOBBS
Buyer's Agent
Alex Henderson
Nexus Real Estate
List Price
$127,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,735
Outstanding Balance
$110,400
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$48,871
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Velazquez Pedro -- First American Title Ins Co
Velazquez Pedro -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velazquez Pedro $122,735
Closed Velazquez Pedro $3,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2020 03/24/20 Sold -- -- --
01/14/2020 01/14/20 Pending -- -- --
10/30/2019 10/30/19 For Sale $127,000 -- $74 / 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 $1,000 $36,590 $4,292 $32,298
2023 $984 $35,524 $4,167 $31,357
2022 $972 $35,524 $4,167 $31,357
2021 $969 $35,524 $4,167 $31,357
2020 $382 $20,227 $810 $19,417
2019 $360 $19,637 $786 $18,851
2018 $341 $19,065 $763 $18,302
2017 $346 $55,530 $2,223 $53,307
2016 $344 $53,910 $2,157 $51,753
2015 $664 $52,341 $2,094 $50,247
2014 $613 $50,817 $2,034 $48,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Mexico MLS

MLS Number: 20195338

New Mexico MLS

APN: 4000042070001