$450,000
SOLD JUN 19, 2014
Last list price

500 W Navajo Dr Hobbs, NM 88240

2.63 Acres
$171,103 Price per Acre
114,563 Sq Ft Lot

Recently Sold

263 Days on Market

Highlights

  • Nearby Water Access
  • Commercial or Retail Space
  • Level Lot
  • No HOA

About This Lot

As of April 2021

Great commercial corner between Kountry Korral & Ashley Furniture; water & sewer in street.

Last Agent to Sell the Property

Tracy Coleman

EDGE REALTY GROUP License #0586 Listed on: 09/06/2013

Last Buyer's Agent

Monty Newman

BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - HOBBS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,969

Lot Details

  • 2.63 Acre Lot
  • Level Lot

Home Design

  • Commercial or Retail Space

Parking

  • Driveway
  • Open Parking

Community Details

Overview

  • No Home Owners Association

Recreation

  • Nearby Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$4,969

Lot Details

0

Listing Details

  • Directions: SW corner of Acoma & Navajo between Kountry Koral & Ashley Furniture
  • Reso Property Sub Type: Commercial
  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.63
  • Topography: Level

Garage/Parking

  • Open Parking: Yes

Utilities

  • Electric: Near-Site
  • Sewer: City, Near-Site
  • Water Source: City, Near-Site

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 114562.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4968.8

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
$415,062

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
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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 Type Sale Price Title Company
Warranty Deed -- First American Title
Warranty Deed -- Pioneer Title And Escrow
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $399,136 FHA
Previous Owner $260,200 FHA
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

    63 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

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Map

Source: New Mexico MLS

MLS Number: 20134263

New Mexico MLS

APN: 4000421580001

New Mexico Lea County Hobbs 88240

500 W Navajo Dr, Hobbs, NM

This home is located at 500 W Navajo Dr, Hobbs, NM 88240 and is currently estimated at $450,000. 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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