NOT LISTED FOR SALE

406 W Rainbow Dr Hobbs, NM 88240

Estimated Value: $83,000 - $119,804

2 Beds
1 Bath
948 Sq Ft
$111/Sq Ft Est. Value

Last Sold November 18, 2021

Current estimated payment $627/month

6 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of November 2021

Cute starter home 2 bedroom, 1 bathroom with converted garage into bonus room. Roofing is one year old and spacious backyard

Last Agent to Sell the Property

Crystal Chavez

UNITED REALTY, LLC - HOBBS License #54610 Listed on: 10/07/2021

Last Buyer's Agent

DEVY DOMINGUEZ

UNITED REALTY, LLC - HOBBS License #53108

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 1948

Lot Details

  • 7,667

Parking

  • No Garage

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Masonry

Interior Spaces

  • 948 Sq Ft Home
  • 1-Story Property
  • Free-Standing Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Irregular Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000149550001

Home Details

Home Type

Single Family

Est. Annual Taxes

$955

Year Built

Built in 1948

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Dryer, Free-Standing Range, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1

Exterior Features

  • Roof: Pitched, Shingle
  • Construction Type: Masonry
  • Foundation Details: Slab
  • Patio And Porch Features: Patio Covered

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 4000149550001

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 954.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 22, 2021
Sold by
Orona Ramon Calderon
Bought by
Rodriguez Rosalba
Seller's Agent
Crystal Chavez
UNITED REALTY, LLC - HOBBS
Buyer's Agent
DEVY DOMINGUEZ
UNITED REALTY, LLC - HOBBS
List Price
$105,000
Current Estimated Value
$105,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
Original Mortgage
$89,300
Outstanding Balance
$81,828
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$23,873
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
Rodriguez Rosalba -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Rosalba $89,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold -- -- --
10/13/2021 10/13/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $105,000 -- $111 / 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 $769 $28,148 $3,133 $25,015
2023 $780 $28,148 $3,133 $25,015
2022 $770 $28,148 $3,133 $25,015
2021 $154 $7,659 $770 $6,889
2020 $146 $7,436 $748 $6,688
2019 $138 $7,219 $726 $6,493
2018 $131 $7,009 $705 $6,304
2017 $133 $20,412 $2,052 $18,360
2016 $132 $19,818 $1,992 $17,826
2015 $116 $19,242 $1,935 $17,307
2014 -- $18,681 $1,878 $16,803
Source: Public Records

Agents Affiliated with this Home

  • Crystal Chavez

    Seller's Agent in 2021

    Crystal Chavez

    UNITED REALTY, LLC - HOBBS

    (575) 441-1005

    87 Total Sales

    Crystal Chavez
    Section Image

  • D

    Buyer's Agent in 2021

    DEVY DOMINGUEZ

    UNITED REALTY, LLC - HOBBS

    (575) 942-7573

    143 Total Sales

    DEVY DOMINGUEZ
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20215473

New Mexico MLS

APN: 4000149550001

New Mexico Lea County Hobbs 88240

406 W Rainbow Dr, Hobbs, NM

This home is located at 406 W Rainbow Dr, Hobbs, NM 88240 since 07 October 2021 and is currently estimated at $105,701, approximately $111 per square foot. This property was built in 1948. 406 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.

New Mexico MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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