NOT LISTED FOR SALE

408 W Rainbow Dr Hobbs, NM 88240

Hobbs Area

Estimated Value: $115,000 - $147,161

3 Beds
2 Baths
1,259 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2025

Current estimated payment $785 / mo

105 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Ceiling Fan
  • Gas Log Fireplace

About This Home

As of May 2025

Case# 361-359016, Sold AS-IS with all faults. No warranties implied or expressed by the Seller. Please visit www.HudHomesstore.gov For Utility turn Ons, approval must be granted in advance from HUD's Field Svc Mgr. In cases where plumbing deficiencies exist approval for water turn on may be denied. Review PCR for utility turn on information, the PCR is not to be relied upon in lieu of a home inspection

Last Agent to Sell the Property

Martha Thomas

Casa Oasis Realty Listed on: 12/27/2024

Last Buyer's Agent

MEAGAN CARPENTER

Century 21 Dunagan Associates License #REC-2024-0510

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1948

Lot Details

  • 8,712

Home Design

  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,259 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000020890001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,162

Year Built

Built in 1948

Lot Details

8,712 Sq Ft Lot

Listing Details

  • New Construction: No
  • Year Built: 1948
  • Reso Property Sub Type: Single Family Site Build
  • Prop. Type: Residential
  • Horses: No
  • Inclusions: Free-Standing Range, Range Hood
  • Carport Y N: No
  • Reso Flooring: Tile
  • Garage Yn: No
  • Reso Interior Features: Ceiling Fan(s)
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas Log
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Stories: 1

Exterior Features

  • Roof: Pitched, Shingle
  • Fencing: Back Yard, Chain Link, Cross Fenced
  • Acres: 0.2
  • Pool Private: No
  • Topography: Back Yard, Chain Link, Cross Fenced
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: None/Other
  • Ninth Grade High School: None/Other
  • Middle Or Junior School: None/Other

Lot Info

  • Assessments: No
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 4000020890001

Tax Info

  • Tax Annual Amount: 1162.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2024
Closed on
May 19, 2025
Sold by
Secretary Of Housing And Urban Developme
Bought by
Seller's Agent
Martha Thomas
Casa Oasis Realty
Buyer's Agent
MEAGAN CARPENTER
Century 21 Dunagan Associates
List Price
$127,500
Views
122
Current Estimated Value
$130,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%
Original Mortgage
$118,750
Outstanding Balance
$117,341
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$13,449

Purchase Details

Closed on
Dec 2, 2024
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing And Urban Development

Purchase Details

Closed on
May 29, 2024
Sold by
Lea County District Court
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 28, 2010
Sold by
Pino David and Pino Barbara Antonaccio
Bought by
Purser Wanda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,880,400
Interest Rate
4.77%
Mortgage Type
Stand Alone First
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Guaranty Title
Secretary Of Housing And Urban Development -- None Listed On Document
Wells Fargo Bank Na -- None Listed On Document
Purser Wanda L -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $118,750
Previous Owner Purser Wanda L $8,880,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/21/2025 05/21/25 Sold -- -- --
04/11/2025 04/11/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $127,500 0.0% $101 / Sq Ft
03/04/2025 03/04/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $127,500 0.0% $101 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
12/27/2024 12/27/24 For Sale $127,500 -- $101 / Sq Ft
Source: New Mexico MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $807 $29,891 $3,477 $26,414
2024 $738 $29,021 $3,376 $25,645
2023 $725 $28,176 $3,278 $24,898
2022 $694 $28,176 $3,278 $24,898
2021 $670 $26,559 $3,090 $23,469
2020 $639 $25,785 $3,000 $22,785
2019 $628 $25,785 $3,000 $22,785
2018 $621 $25,785 $3,000 $22,785
2017 $657 $77,355 $9,000 $68,355
2016 $684 $77,355 $9,000 $68,355
2015 $627 $77,355 $9,000 $68,355
2014 -- $77,355 $9,000 $68,355
Source: Public Records

Agents Affiliated with this Home

  • Martha Thomas Real Estate Agent - Casa Oasis Realty

    Seller's Agent in 2025

    Martha Thomas

    Casa Oasis Realty

    (575) 390-8104

    131 Total Sales

    Martha Thomas
    Section Image

  • MC

    Buyer's Agent in 2025

    MEAGAN CARPENTER

    Century 21 Dunagan Associates

    191 Total Sales

    MEAGAN CARPENTER
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20247207

New Mexico MLS

APN: 4000020890001

New Mexico Lea County Hobbs 88240

408 W Rainbow Dr, Hobbs, NM

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