NOT LISTED FOR SALE

406 E Corbett St Hobbs, NM 88240

Estimated Value: $142,000 - $177,215

3 Beds
1 Bath
1,135 Sq Ft
$141/Sq Ft Est. Value

Last Sold January 17, 2023

Current estimated payment $920/month

1 Day on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Refrigerated Cooling System

About This Home

As of January 2023

This home is located at 406 E Corbett St, Hobbs, NM 88240 since 11 December 2022 and is currently estimated at $160,554, approximately $141 per square foot. This property was built in 1955. 406 E Corbett St is a home located in Lea County with nearby schools including Will Rogers Elementary School, Houston Middle School, and Hobbs Freshman High School.

Last Agent to Sell the Property

LISA MELENDEZ

Motion Realty, LLC License #49278 Listed on: 12/11/2022

Last Buyer's Agent

LISA MELENDEZ

Motion Realty, LLC License #49278 Listed on: 12/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,276

Year Built

  • Built in 1955

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,135 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000106230001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,276

Year Built

Built in 1955

Lot Details

0

Listing Details

  • New Construction: No
  • Year Built: 1955
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Architectural Style: Conventional
  • Carport Y N: No
  • Reso Flooring: Laminate
  • Garage Yn: No
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Pitched, Shingle
  • Acres: 0.23
  • Construction Type: Stucco
  • Exterior Features: Sidewalk

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Cooling: Central Air, Refrigerated
  • Cooling Y N: Yes
  • Heating: Forced Air, Electric
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000106230001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1276.39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2012
Sold by
Haines Frank Q and Haines Emily A
Bought by
Guerrero Ricky Lee
Current Estimated Value
$160,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,830,000
Outstanding Balance
$5,426,805
Interest Rate
3.68%
Mortgage Type
FHA
Estimated Equity
-$5,266,251

Purchase Details

Closed on
Jul 13, 2012
Sold by
Guerrero Ricky and Guerrero Jennifer Pena
Bought by
Guerrero Ricky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,830,000
Outstanding Balance
$5,426,805
Interest Rate
3.68%
Mortgage Type
FHA
Estimated Equity
-$5,266,251
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Guerrero Ricky Lee -- --
Guerrero Ricky -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Ricky Lee $7,830,000
Closed Guerrero Ricky $7,830,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2023 01/17/23 Sold -- -- --
12/12/2022 12/12/22 Pending -- -- --
12/11/2022 12/11/22 For Sale $140,000 -- $123 / 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 $1,071 $39,199 $6,667 $32,532
2023 $838 $30,237 $3,430 $26,807
2022 $803 $30,237 $3,430 $26,807
2021 $778 $28,501 $3,233 $25,268
2020 $766 $28,501 $3,233 $25,268
2019 $753 $28,501 $3,233 $25,268
2018 $744 $28,501 $3,233 $25,268
2017 $787 $85,503 $9,699 $75,804
2016 $819 $85,503 $9,699 $75,804
2015 $666 $75,849 $8,700 $67,149
2014 -- $75,849 $8,700 $67,149
Source: Public Records

Agents Affiliated with this Home

  • LISA MELENDEZ

    Seller's Agent in 2023

    LISA MELENDEZ

    Motion Realty, LLC

    (575) 691-9748

    148 Total Sales

    LISA MELENDEZ
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Map

Source: New Mexico MLS

MLS Number: 20226450

New Mexico MLS

APN: 4000106230001

New Mexico Lea County Hobbs 88240

406 E Corbett St, Hobbs, NM

Not Listed for Sale

Detached

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