NOT LISTED FOR SALE

314 W Palace Ave Hobbs, NM 88240

Estimated Value: $61,000 - $82,000

3 Beds
1 Bath
1,310 Sq Ft
$53/Sq Ft Est. Value

Last Sold October 18, 2021

Current estimated payment $390/month

11 Days on Market

Highlights

  • No HOA
  • Fenced
  • 1-Story Property

About This Home

As of October 2021

Call us today to see this 3 bedroom investment property with lots of potential. Sold AS IS.

Last Agent to Sell the Property

Laura Juarez Davis

UNITED REALTY, LLC - HOBBS License #19518 Listed on: 05/03/2021

Last Buyer's Agent

SOFIA CERNA

Rivas Real Estate Team Co. License #54112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $537

Year Built

  • Built in 1950

Lot Details

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

Parking

  • No Garage

Home Design

  • Metal Roof

Interior Spaces

  • 1,310 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000018910001

Home Details

Home Type

Single Family

Est. Annual Taxes

$537

Year Built

Built in 1950

Lot Details

0

Listing Details

  • 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: No
  • Garage Yn: No
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Cooling Y N: No
  • HeatingYN: No
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 60 x 135
  • Lot Size Sq Ft: 8100
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000018910001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 537.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Oct 18, 2021
Sold by
Jewel Ransom Denetra
Bought by
Nevarez Osvatdo Trevizo
Seller's Agent
Laura Juarez Davis
UNITED REALTY, LLC - HOBBS
Buyer's Agent
SOFIA CERNA
Rivas Real Estate Team Co.
List Price
$60,000
Current Estimated Value
$69,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%

Purchase Details

Closed on
Jan 19, 2021
Sold by
Ransom Denetra J and Ransom Riesha Y
Bought by
Ransom Denetra J and Ransom Riesha Y
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
Nevarez Osvatdo Trevizo -- New Title Company Name
Ransom Denetra J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2021 10/18/21 Sold -- -- --
05/14/2021 05/14/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $60,000 -- $46 / 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 $232 $8,472 $1,800 $6,672
2023 $235 $8,472 $1,800 $6,672
2022 $232 $8,472 $1,800 $6,672
2021 $359 $13,174 $770 $12,404
2020 $344 $12,791 $748 $12,043
2019 $328 $12,418 $726 $11,692
2018 $315 $12,056 $705 $11,351
2017 $323 $35,112 $2,052 $33,060
2016 $269 $34,089 $1,992 $32,097
2015 $238 $33,096 $1,935 $31,161
2014 -- $32,130 $1,878 $30,252
Source: Public Records

Agents Affiliated with this Home

  • Laura Juarez Davis

    Seller's Agent in 2021

    Laura Juarez Davis

    UNITED REALTY, LLC - HOBBS

    (575) 631-9443

    89 Total Sales

    Laura Juarez Davis
    Section Image
  • SOFIA CERNA

    Buyer's Agent in 2021

    SOFIA CERNA

    Rivas Real Estate Team Co.

    (575) 390-9040

    44 Total Sales

    SOFIA CERNA
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20212334

New Mexico MLS

APN: 4000018910001

New Mexico Lea County Hobbs 88240

314 W Palace Ave, Hobbs, NM

This home is located at 314 W Palace Ave, Hobbs, NM 88240 since 03 May 2021 and is currently estimated at $69,839, approximately $53 per square foot. This property was built in 1950. 314 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.

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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