NOT LISTED FOR SALE

408 W Rainbow Dr Hobbs, NM 88240

Estimated Value: $113,000 - $144,534

3 Beds
2 Baths
1,259 Sq Ft
$103/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2025

Current estimated payment $769 / mo

105 Days on Market

Highlights

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

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

CENTURY 21 DUNAGAN ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1948

Lot Details

  • 8,515 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Free-Standing Range
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • HUD Owned
  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 4000020890001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,162

Year Built

Built in 1948

Lot Details

8,515 Sq Ft Lot

Listing Details

  • New Construction: No
  • Year Built: 1948
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoSpecialListingConditions: HUD, Real Estate Owned
  • Carport Y N: No
  • Reso Flooring: Tile
  • Garage Yn: No
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: One
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas Log
  • Appliances: Range Hood, Free-Standing Range
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Roof: Pitched, Shingle
  • Fencing: Back Yard, Chain Link, Fenced
  • Acres: 0.1955
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8515.15
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4000020890001
  • ResoLotSizeUnits: SquareFeet

Green Features

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1161.54

Multi Family

  • Building Area Units: Square Feet

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
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
$129,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%
Original Mortgage
$118,750
Outstanding Balance
$117,675
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$11,959

Purchase Details

Closed on
Dec 2, 2024
Sold by
Bought by

Purchase Details

Closed on
May 29, 2024
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2010
Sold by
Bought by

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

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

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
-- Guaranty Title
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- --
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
Closed $118,750
Previous Owner $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

    Seller's Agent in 2025

    Martha Thomas

    Casa Oasis Realty

    (575) 390-8104

    132 Total Sales

    Martha Thomas
    Section Image
  • Meagan Carpenter

    Buyer's Agent in 2025

    Meagan Carpenter

    CENTURY 21 DUNAGAN ASSOCIATES

    (575) 988-3429

    185 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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