$245,000
SOLD JUN 14, 2018
Last list price

514 W Kiowa Ave Hobbs, NM 88240

-- Bed
-- Bath
3,992 Sq Ft
5,476 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

63 Days on Market

Highlights

  • No HOA
  • Patio
  • Ceiling Fan
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of October 2024

THIS ALL BRICK FOUR-PLEX IS A GREAT INVESTMENT OPPORTUNITY. EACH UNITE RENT FOR $700.00 A MONTH. PLEASE CALL FOR ADDITIONAL DETAILS AND A CHANCE TO VIEW IT.

Last Agent to Sell the Property

Ashley Pratt

PRIME REALTY License #20680 Listed on: 02/09/2018

Last Buyer's Agent

LEEROY RIVAS

Rivas Real Estate Team Co. License #50945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,141

Year Built

  • Built in 1981

Lot Details

  • 5,476 Sq Ft Lot
  • Lot Dimensions are 74 x 74

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Walk-In Closet
  • 3,992 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Built-In Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Separate Water Meter

Community Details

  • No Home Owners Association
  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,141

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Directions: TAKE GRIMES TO TAOS THEN TURN LEFT O KIOWA
  • Year Built: 1981
  • Reso Property Sub Type: Multi Unit 2-4
  • Prop. Type: Residential Income
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Reso Flooring: Carpet, Vinyl
  • Reso Interior Features: Ceiling Fan(s), Pantry, Walk-In Closet(s)
  • Unit Levels: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range Hood, Built-In Range, Refrigerator
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Acres: 0.1257
  • Construction Type: Brick, Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Utilities

  • Electric: Meters(Electric Separate)
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Meters(Water Separate)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 74 x 74
  • Lot Size Sq Ft: 5476
  • ResoLotSizeUnits: Square Feet
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Oct 4, 2024
Sold by
Anchondo Mario Hector
Bought by
Rivas Properties Llc
Seller's Agent
LEEROY RIVAS
Rivas Real Estate Team Co.
Buyer's Agent
LEEROY RIVAS
Rivas Real Estate Team Co.
List Price
$295,000
Current Estimated Value
$291,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.32%
Original Mortgage
$472,000
Outstanding Balance
$469,385
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$177,689

Purchase Details

Closed on
Dec 26, 2019
Sold by
Anchondo Mario Hector and Anchondo Laura
Bought by
Anchondo Mario Hector and Anchondo Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,316
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 12, 2019
Sold by
Kiowa Apartments Llc
Bought by
Anchondo Mario Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,316
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 9, 2018
Closed on
Jul 24, 2018
Sold by
Anchondo Mario Hector and Anchondo Laura
Bought by
Kiowa Apartments Llc
Seller's Agent
Ashley Pratt
PRIME REALTY
Buyer's Agent
LEEROY RIVAS
Rivas Real Estate Team Co.
List Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.76%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $472,000 New Conventional
Previous Owner $239,316 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold -- -- --
09/04/2024 09/04/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $295,000 +20.4% $74 / Sq Ft
06/14/2018 06/14/18 Sold -- -- --
04/13/2018 04/13/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $245,000 -- $61 / Sq Ft
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 $2,141 $78,352 $8,487 $69,865
2023 $2,107 $76,070 $8,240 $67,830
2022 $2,020 $76,070 $8,240 $67,830
2021 $2,015 $73,854 $8,000 $65,854
2020 $1,984 $73,854 $8,000 $65,854
2019 $1,950 $73,854 $8,000 $65,854
2018 $1,844 $70,613 $8,000 $62,613
2017 $1,950 $211,839 $24,000 $187,839
2016 $2,030 $211,839 $24,000 $187,839
2015 $1,860 $211,839 $24,000 $187,839
2014 -- $211,839 $24,000 $187,839
Source: Public Records

Agents Affiliated with this Home

  • LEEROY RIVAS

    Seller's Agent in 2024

    LEEROY RIVAS

    Rivas Real Estate Team Co.

    (575) 318-6228

    413 Total Sales

    Section Image
  • Ashley Pratt

    Seller's Agent in 2018

    Ashley Pratt

    PRIME REALTY

    (575) 441-4917

    131 Total Sales

    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20180767

New Mexico MLS

APN: 4000752620001

New Mexico Lea County Hobbs 88240

514 W Kiowa Ave, Hobbs, NM

This home is located at 514 W Kiowa Ave, Hobbs, NM 88240 and is currently estimated at $245,000, approximately $61 per square foot. This property was built in 1981. 514 W Kiowa Ave is a home located in Lea County with nearby schools including Mills Elementary School, Highland 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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