NOT LISTED FOR SALE

3218 N Grimes St Hobbs, NM 88240

Estimated Value: $563,000

-- Bed
-- Bath
3,578 Sq Ft
$157/Sq Ft Est. Value

About This Home

This home is located at 3218 N Grimes St, Hobbs, NM 88240 and is currently estimated at $563,000, approximately $157 per square foot. 3218 N Grimes St is a home located in Lea County with nearby schools including Mills Elementary School, Highland Middle School, and Hobbs Freshman High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2021
Sold by
Pyeatt Investments Llc
Bought by
Reddy Llc
Current Estimated Value
$563,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$373,359
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$128,641

Purchase Details

Closed on
Aug 17, 2020
Sold by
Shawbizz Llc
Bought by
Pyeatt Investments Llc

Purchase Details

Closed on
Mar 21, 2019
Sold by
Shaw Lynn C and Shaw Nancy B
Bought by
Shawbizz Llc
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

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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
Reddy Llc -- None Available
Pyeatt Investments Llc -- None Available
Shawbizz Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Llc $400,000
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 $5,065 $146,795 $29,193 $117,602
2023 $4,954 $143,561 $28,343 $115,218
2022 $4,754 $143,561 $28,343 $115,218
2021 $2,333 $68,371 $15,486 $52,885
2020 $2,277 $67,920 $15,035 $52,885
2019 $2,180 $65,942 $14,597 $51,345
2018 $2,048 $62,176 $14,172 $48,004
2017 $2,103 $181,095 $41,277 $139,818
2016 $2,150 $179,892 $40,074 $139,818
2015 $1,979 $179,892 $40,074 $139,818
2014 -- $173,097 $40,074 $133,023
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

3218 N Grimes St, Hobbs, NM

This home is located at 3218 N Grimes St, Hobbs, NM 88240 and is currently estimated at $563,000, approximately $157 per square foot. 3218 N Grimes St is a home located in Lea County with nearby schools including Mills Elementary School, Highland Middle School, and Hobbs Freshman High School.

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