NOT LISTED FOR SALE

401 E Palace Ave Hobbs, NM 88240

Estimated Value: $72,467 - $106,000

-- Bed
-- Bath
-- Sq Ft
7,100 Sq Ft Lot

About This Home

This home is located at 401 E Palace Ave, Hobbs, NM 88240 and is currently estimated at $93,822. 401 E Palace Ave is a home located in Lea County with nearby schools including Southern Heights Elementary School, Heizer Middle School, and Hobbs High School.

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
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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

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 $271 $9,915 $719 $9,196
2023 $267 $9,626 $698 $8,928
2022 $256 $9,626 $698 $8,928
2021 $248 $9,074 $658 $8,416
2020 $237 $8,810 $639 $8,171
2019 $226 $8,553 $620 $7,933
2018 $217 $8,304 $602 $7,702
2017 $223 $24,186 $1,752 $22,434
2016 $225 $23,481 $1,701 $21,780
2015 $152 $17,310 $1,650 $15,660
2014 -- $16,806 $1,602 $15,204
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

401 E Palace Ave, Hobbs, NM

This home is located at 401 E Palace Ave, Hobbs, NM 88240 and is currently estimated at $93,822. 401 E 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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