$399,834
SOLD MAR 26, 2025
Last list price

5701 Production Carlsbad, NM 88220

6.89 Acres
$58,023 Price per Acre
300,172 Sq Ft Lot

Recently Sold

1,211 Days on Market

About This Lot

As of March 2025

5 Acre lots now available. Ready to build on. Located just East of Cavern City Air Terminal. Great for Commercial / Industrial Businesses. Seller will consider Lease Options at $1060.00 per Acre. Leasing terms TBD. All lots will be leveled and caliched. Electricity along Production Lane. City Water and Paved Street. Septic not included and will be required by buyer.

Last Agent to Sell the Property

Michael Summers

CENTURY 21 DUNAGAN ASSOCIATES License #53622 Listed on: 10/21/2021

CENTURY 21 DUNAGAN ASSOCIATES

Co-Listed By

George Dunagan

DUNAGAN ASSOCIATES License #4687

Last Buyer's Agent

Esme Bernal

KELLER WILLIAMS REALTY AFFINITY License #15447

KELLER WILLIAMS REALTY AFFINITY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,386

Lot Details

  • 6.89 Acre Lot
  • Level Lot
  • Irregular Lot

Utilities

  • Natural Gas Not Available
  • Septic Needed

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4156132442462

Property Details

Property Type

Land

Est. Annual Taxes

$5,386

Lot Details

0

Listing Details

  • Directions: Head South on US 285 to Derrick Road past Cavern City Air Terminal. Turn left on Derrick Road head east on Derrick about one mile, turn left on Production Lane. Properties are located on East side of Derrick Road.
  • Reso Property Sub Type: Commercial
  • Prop. Type: Land
  • ResoLotFeatures: Irregular Lot, Gravel, Rock
  • Road Surface Type: Paved
  • Co List Office Mls Id: DUNAGANCARLSBAD
  • Co List Office Phone: 575-885-2138
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 6.891
  • Topography: Level

Utilities

  • Utilities: Natural Gas Not Available, Electricity Connected
  • Electric: Near-Site
  • Gas: None
  • Sewer: Septic Needed
  • Electricity On Property: No
  • Water Source: City

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 300171.96
  • ResoLotSizeUnits: Acres
  • Parcel #: 4156132442462
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5385.6

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Mar 26, 2025
Sold by
Hughes Properties Llc
Bought by
J & R Oilfield Services Real Estate Llc
Seller's Agent
Michael Summers
CENTURY 21 DUNAGAN ASSOCIATES
Buyer's Agent
Esme Bernal
KELLER WILLIAMS REALTY AFFINITY
List Price
$547,834
Views
322
Current Estimated Value
$423,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$1,740,400
Outstanding Balance
$1,397,214
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$973,608
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,740,400 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2025 03/26/25 Sold -- -- --
03/18/2025 03/18/25 Price Changed $399,834 -27.0% --
02/13/2025 02/13/25 Pending -- -- --
10/21/2021 10/21/21 For Sale $547,834 -- --
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
2025 $30 $1,034 $1,034 $0
2024 $30 $1,034 $1,034 $0
2023 $30 $1,034 $1,034 $0
2022 $30 $1,034 $1,034 $0
2021 $30 $1,034 $1,034 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Summers

    Seller's Agent in 2025

    Michael Summers

    CENTURY 21 DUNAGAN ASSOCIATES

    (575) 200-5358

    29 Total Sales

    Michael Summers
    Section Image

  • G

    Seller Co-Listing Agent in 2025

    George Dunagan

    DUNAGAN ASSOCIATES

    Section Image
  • Esme Bernal

    Buyer's Agent in 2025

    Esme Bernal

    KELLER WILLIAMS REALTY AFFINITY

    (575) 361-4455

    134 Total Sales

    Esme Bernal
    Section Image
See All Agents

Map

Source: New Mexico MLS

MLS Number: 20215684

New Mexico MLS

APN: 4-156-132-442-462

New Mexico Eddy County Carlsbad 88220

5701 Production, Carlsbad, NM

Sold

Lots

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