NOT LISTED FOR SALE

404 W Rainbow Dr Hobbs, NM 88240

Estimated Value: $83,000 - $128,000

5 Beds
1.5 Baths
1,480 Sq Ft
$77/Sq Ft Est. Value

Last Sold July 27, 2021

Current estimated payment $668/month

219 Days on Market

Highlights

  • Traditional Architecture
  • 2 Fireplaces
  • Covered Patio or Porch
  • Wood Flooring
  • No HOA
  • Attached Carport

About This Home

As of July 2021

Well established home with 5 bedrooms, 2 living areas, and 2 fireplaces. This would be a good home for a family or a first time home buyer, single person or retirees. Very low maintenance, extra building in the rear for storage or other use. This is an estate sale and property is being sold "as is".

Last Agent to Sell the Property

Donnie Roberts

DONNIE ROBERTS, REALTORS LLC Listed on: 12/08/2020

Last Buyer's Agent

SOFIA CERNA

Rivas Real Estate Team Co. License #54112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $462

Year Built

  • Built in 1948

Lot Details

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

Parking

  • 2 Car Garage
  • Attached Carport

Home Design

  • Traditional Architecture
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Gas Log Fireplace
  • Free-Standing Range

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000000900001

Home Details

Home Type

Single Family

Est. Annual Taxes

$462

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • New Construction: No
  • Year Built: 1948
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Reso Flooring: Laminate, Tile, Wood
  • Garage Yn: Yes
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas Log
  • Appliances: Dryer, Free-Standing Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Stories: 1

Exterior Features

  • Roof: Metal, Pitched, Shingle, Other
  • Acres: 0.186
  • Construction Type: Frame
  • Patio And Porch Features: Patio Covered

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Cable Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Wall Furnace
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 135 x 60
  • Lot Size Sq Ft: 8100
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000000900001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jul 26, 2021
Sold by
Ritter Marla G and Estate Of Raymond Porras Aguil
Bought by
Cornelio Carmen M
Seller's Agent
Donnie Roberts
DONNIE ROBERTS, REALTORS LLC
Buyer's Agent
SOFIA CERNA
Rivas Real Estate Team Co.
List Price
$130,000
Current Estimated Value
$113,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
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
Cornelio Carmen M -- First American Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2021 07/27/21 Sold -- -- --
07/15/2021 07/15/21 Pending -- -- --
07/13/2021 07/13/21 Price Changed $95,000 -20.8% $64 / Sq Ft
03/17/2021 03/17/21 Price Changed $120,000 -7.7% $81 / Sq Ft
01/19/2021 01/19/21 For Sale $130,000 0.0% $88 / Sq Ft
01/19/2021 01/19/21 Price Changed $130,000 -7.1% $88 / Sq Ft
01/08/2021 01/08/21 Off Market -- -- --
12/08/2020 12/08/20 For Sale $140,000 -- $95 / 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 $744 $27,210 $3,000 $24,210
2023 $754 $27,210 $3,000 $24,210
2022 $744 $27,210 $3,000 $24,210
2021 $483 $17,707 $770 $16,937
2020 $462 $17,192 $748 $16,444
2019 $441 $16,691 $726 $15,965
2018 $423 $16,205 $705 $15,500
2017 $435 $47,199 $2,052 $45,147
2016 $439 $45,825 $1,992 $43,833
2015 $391 $44,490 $1,935 $42,555
2014 -- $43,194 $1,878 $41,316
Source: Public Records

Agents Affiliated with this Home

  • Donnie Roberts

    Seller's Agent in 2021

    Donnie Roberts

    DONNIE ROBERTS, REALTORS LLC

    (940) 399-0983

    28 Total Sales

    Donnie Roberts
    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: 20205539

New Mexico MLS

APN: 4000000900001

New Mexico Lea County Hobbs 88240

404 W Rainbow Dr, Hobbs, NM

This home is located at 404 W Rainbow Dr, Hobbs, NM 88240 since 08 December 2020 and is currently estimated at $113,767, approximately $76 per square foot. This property was built in 1948. 404 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.

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.

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