NOT LISTED FOR SALE

507 E Palace Ave Hobbs, NM 88240

Estimated Value: $86,000 - $146,000

Studio
-- Bath
-- Sq Ft
5,706 Sq Ft Lot

About This Home

This home is located at 507 E Palace Ave, Hobbs, NM 88240 and is currently estimated at $125,105. 507 E Palace Ave is a home with nearby schools including Southern Heights Elementary School, Heizer Middle School, and Hobbs High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2025
Sold by
Aguirre Teresita De Jesus Escamilla and Munoz Miguel Angel
Bought by
Aguirre Teresita De Jesus Esc and Munoz Miguel Angel
Current Estimated Value
$125,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,697
Outstanding Balance
$97,983
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$27,122

Purchase Details

Closed on
Jan 10, 2025
Sold by
Zambrano Francisco and Zambrano-Herrera Francisco
Bought by
Aguirre Teresita De Jesus Esc and Zambrano Teresita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,697
Outstanding Balance
$97,983
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$27,122

Purchase Details

Closed on
Jul 8, 2021
Sold by
Baeza Fabian and Estate Of Stepharie Baeza
Bought by
Baeza Adolfo R

Purchase Details

Closed on
Jul 6, 2021
Sold by
Baeza Adolfo R
Bought by
Zambrano Teresita D and Zambrano Francisco
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Aguirre Teresita De Jesus Esc -- First American Title Insurance
Aguirre Teresita De Jesus Esc -- First American Title Insurance
Aguirre Teresita De Jesus Esc -- First American Title Insurance
Aguirre Teresita De Jesus Esc -- First American Title Insurance
Baeza Adolfo R -- First American Title Ins Co
Zambrano Teresita D -- None Listed On Document
Zambrano Teresita D -- None Listed On Document
Zambrano Teresita D -- None Available
Baeza Adolfo R -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguirre Teresita De Jesus Esc $98,697
Closed Aguirre Teresita De Jesus Esc $98,697
Closed Zambrano Teresita D $0
Source: Public Records

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 $435 $15,916 $1,833 $14,083
2023 $441 $15,916 $1,833 $14,083
2022 $435 $15,916 $1,833 $14,083
2021 $158 $5,793 $596 $5,197
2020 $151 $5,625 $579 $5,046
2019 $144 $5,461 $562 $4,899
2018 $138 $5,302 $546 $4,756
2017 $142 $15,441 $1,590 $13,851
2016 $144 $14,994 $1,545 $13,449
2015 $2,765 $14,556 $1,500 $13,056
2014 $2,660 $14,130 $1,455 $12,675
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

507 E Palace Ave, Hobbs, NM

Not Listed for Sale

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