Seller's Agent in 2026
DENICE Chavez
Casa Oasis Realty
(575) 552-5372
107 Total Sales
Last list price
507 E Palace Ave Hobbs, NM 88240
Hobbs Area
3
Beds
1
Bath
1,078
Sq Ft
6,098
Sq Ft Lot
Highlights
- Wood Flooring
- Central Air
- 1-Story Property
- No HOA
- 2 Car Garage
About This Home
As of May 2026This home is located at 507 E Palace Ave, Hobbs, NM 88240 and is currently estimated at $158,000, approximately $146 per square foot. This property was built in 1960. 507 E Palace Ave is a home located in Lea.
Last Agent to Sell the Property
Casa Oasis Realty License #REC-2022-0428 Listed on: 03/26/2026
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $442
Year Built
- Built in 1960
Parking
- 2 Car Garage
- 1 Carport Space
Home Design
- Shingle Roof
Interior Spaces
- 1,078 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Additional Features
- 6,098 Sq Ft Lot
- Central Air
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4000005990001
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
Mar 26, 2026
Closed on
May 15, 2026
Sold by
Bought by
Seller's Agent
DENICE Chavez
Casa Oasis Realty
Buyer's Agent
DENICE Chavez
Casa Oasis Realty
List Price
$158,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.71%
Original Mortgage
$155,138
Outstanding Balance
$154,997
Interest Rate
6.46%
Mortgage Type
FHA
Estimated Equity
$6,721
Purchase Details
Closed on
Jan 16, 2025
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
$98,697
Interest Rate
6.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 10, 2025
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
$98,697
Interest Rate
6.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 8, 2021
Sold by
Bought by
Purchase Details
Closed on
Jul 6, 2021
Sold by
Bought by
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title Insurance | |
| Warranty Deed | -- | First American Title Insurance | |
| Warranty Deed | -- | First American Title Insurance | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Land Contract | -- | None Available | |
| Warranty Deed | -- | 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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $155,138 | FHA | |
| Previous Owner | $98,697 | FHA |
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 |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | Sold | -- | -- | -- |
| 03/28/2026 03/28/26 | Pending | -- | -- | -- |
| 03/26/2026 03/26/26 | For Sale | $158,000 | -- | $147 / 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 | $430 | $15,916 | $1,833 | $14,083 |
| 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
Agents Affiliated with this Home
-
DENICE Chavez
Map
Source: New Mexico MLS
MLS Number: 20262946
APN: 4000005990001
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.
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.
Nearby Homes
- 501 E Palace Ave
- 1327 S Perry Dr
- 203 E Temple Ave
- 0 E Stanolind Unit 20263570
- 1615 S Turner St
- 512 S Mckinley St
- 213 E Gypsy St
- 1615 E Skelly St
- 308 W Gypsy St
- 0 W Gypsy St
- 408 E Byers St
- 301 S Dal Paso St
- 200 S Linam St
- 114 W Park St
- 0 W Park St
- 1500 N Marland St
- 0 N Marland Unit 20253289
- 605 E Corbett St
- 2904 E Church Dr
- 900 N Pecan Dr
Your Personal Tour Guide
Ask me questions while you tour the home.