NOT LISTED FOR SALE

500 W Navajo Dr Hobbs, NM 88240

Estimated Value: $383,000 - $420,376

2.63 Acres
$154,040 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 Listed By

Bobby Shaw

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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,759

Year Built

  • 1989

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

Year Built

1989

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1989

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
Total Days on Market
405
Current Estimated Value
$405,125

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
$398,153
Interest Rate
7.02%
Mortgage Type
FHA

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

Range of Values:

Collateral Analytics

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ICE

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First American

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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
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 Change Sq Ft Price
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 -- -- --
05/27/2014 05/27/14 Pending -- -- --
09/06/2013 09/06/13 For Sale $450,000 -- --
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 $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

  • Bobby Shaw

    Seller's Agent in 2021

    Bobby Shaw

    BURKETT - SHAW REALTY / HOBBS

    (575) 399-0272

    64 Total Sales

    Bobby Shaw
    Section Image
  • Tracy Coleman

    Buyer's Agent in 2021

    Tracy Coleman

    EDGE REALTY GROUP

    (575) 318-6404

    66 Total Sales

    Tracy Coleman
    Section Image

  • M

    Buyer's Agent in 2014

    Monty Newman

    BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - HOBBS

See All Agents

Map

Source: New Mexico MLS

MLS Number: 20200647

New Mexico MLS

APN: 4000421580001

New Mexico Lea County Hobbs 88240

500 W Navajo Dr, Hobbs, NM

Homes for Sale in Hobbs, NM

This home is located at 500 W Navajo Dr, Hobbs, NM 88240 since 04 February 2020 and is currently estimated at $405,125. This property was built in 1989. 500 W Navajo Dr is a home located in Lea County with nearby schools including Stone Elementary School, Houston Middle School, and Hobbs Freshman 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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