NOT LISTED FOR SALE

402 W Rainbow Dr Hobbs, NM 88240

Estimated Value: $83,000 - $109,000

-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

About This Home

This home is located at 402 W Rainbow Dr, Hobbs, NM 88240 and is currently estimated at $101,943. 402 W Rainbow Dr 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 $570 $20,842 $842 $20,000
2023 $561 $20,234 $817 $19,417
2022 $537 $20,234 $817 $19,417
2021 $520 $19,072 $770 $18,302
2020 $498 $18,517 $748 $17,769
2019 $475 $17,977 $726 $17,251
2018 $456 $17,454 $705 $16,749
2017 $468 $50,835 $2,052 $48,783
2016 $473 $49,353 $1,992 $47,361
2015 $421 $47,916 $1,935 $45,981
2014 -- $46,521 $1,878 $44,643
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

402 W Rainbow Dr, Hobbs, NM

This home is located at 402 W Rainbow Dr, Hobbs, NM 88240 and is currently estimated at $101,943. 402 W Rainbow Dr 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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