NOT LISTED FOR SALE

405 W Rainbow Dr Hobbs, NM 88240

Estimated Value: $83,000 - $108,000

-- Bed
-- Bath
-- Sq Ft
7,928 Sq Ft Lot

About This Home

This home is located at 405 W Rainbow Dr, Hobbs, NM 88240 and is currently estimated at $95,625. 405 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 $283 $12,358 $842 $11,516
2023 $277 $11,998 $817 $11,181
2022 $264 $11,998 $817 $11,181
2021 $254 $11,309 $770 $10,539
2020 $241 $10,980 $748 $10,232
2019 $229 $10,660 $726 $9,934
2018 $218 $10,350 $705 $9,645
2017 $222 $30,144 $2,052 $28,092
2016 $223 $29,265 $1,992 $27,273
2015 $197 $28,413 $1,935 $26,478
2014 -- $27,585 $1,878 $25,707
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

405 W Rainbow Dr, Hobbs, NM

This home is located at 405 W Rainbow Dr, Hobbs, NM 88240 and is currently estimated at $95,625. 405 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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