NOT LISTED FOR SALE

500 W Navajo Dr Hobbs, NM 88240

Estimated Value: $388,000 - $467,000

2.63 Acres
$158,671 Price per Acre
114,563 Sq Ft Lot

Last Sold April 07, 2021

Current estimated payment $2,462/month

405 Days on Market

About This Lot

As of April 2021

Multi purpose commercial tract of land on a corner. Utilities located in Navajo right of way ready to be extended into property.

Last Agent to Sell the Property

Bobby Shaw

BURKETT - SHAW REALTY / HOBBS Listed on: 02/04/2020

Last Buyer's Agent

Tracy Coleman

Edge Realty Group License #0586

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,759

Lot Details

  • 2.63 Acre Lot
  • Level Lot

Parking

  • Driveway
  • Open Parking

Utilities

  • Natural Gas Connected
  • Gas Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4000011450001

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Nearby Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$2,759

Lot Details

2.63 Acres

Listing Details

  • Reso Property Sub Type: Commercial
  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.63
  • Topography: Level

Garage/Parking

  • Open Parking: Yes

Utilities

  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected, Phone Connected
  • Electric: Near-Site
  • Gas: Near-Site
  • Sewer: Public Sewer, City, Near-Site
  • Water Source: Public, City, Near-Site

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 114562.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 4000011450001
  • ResoLotSizeUnits: Acres

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2758.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Aranda Luis A and Aranda Carmen G
Bought by
Miller Corbin
Current Estimated Value
$417,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,136
Outstanding Balance
$392,607
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$24,698

Purchase Details

Closed on
Jul 6, 2020
Sold by
Brothers Michael T and Brothers Ronda A
Bought by
Aranda Luis A and Aranda Carmen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,200
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 2002
Sold by
Adams Jim L and Adams Rickie
Bought by
Brothers Michael T and Brothers Rhonda A
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Miller Corbin -- First American Title
Aranda Luis A -- Pioneer Title And Escrow
Brothers Michael T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Corbin $399,136
Previous Owner Aranda Luis A $260,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2021 04/07/21 Sold -- -- --
03/15/2021 03/15/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $575,000 0.0% --
03/01/2021 03/01/21 Off Market -- -- --
02/04/2020 02/04/20 For Sale $575,000 +27.8% --
06/19/2014 06/19/14 Sold -- -- -- View Prior Sale
05/27/2014 05/27/14 Pending -- -- --
09/06/2013 09/06/13 For Sale $450,000 -- --
Source: New Mexico MLS

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
2025 $3,822 $138,698 $14,000 $124,698
2024 $2,330 $85,242 $9,098 $76,144
2023 $2,293 $82,759 $8,833 $73,926
2022 $2,264 $82,759 $8,833 $73,926
2021 $2,258 $82,759 $8,833 $73,926
2020 $1,428 $53,149 $2,793 $50,356
2019 $1,363 $51,601 $2,712 $48,889
2018 $1,309 $50,098 $2,633 $47,465
2017 $1,343 $145,917 $7,668 $138,249
2016 $1,357 $141,669 $7,446 $134,223
2015 $1,208 $137,544 $7,230 $130,314
2014 -- $133,539 $7,020 $126,519
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Mexico MLS

MLS Number: 20200647

New Mexico MLS

APN: 4000421580001

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