L
Seller's Agent in 2025
LANCE SMITH
Found Real Estate
(575) 433-9999
4 Total Sales
Last list price
3
Beds
2
Baths
2,250
Sq Ft
8,756
Sq Ft Lot
Highlights
- Wood Flooring
- 2 Car Attached Garage
- Wood Burning Fireplace
- No HOA
- Forced Air Heating and Cooling System
About This Home
As of March 2025This home is located at 631 W Silver Ave, Hobbs, NM 88240 and is currently estimated at $310,000, approximately $137 per square foot. This property was built in 1965. 631 W Silver Ave is a home located in Lea County with nearby schools including Mills Elementary School, Highland Middle School, and Hobbs Freshman High School.
Last Agent to Sell the Property
Found Real Estate License #REC-2023-0454 Listed on: 01/25/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,915
Year Built
- Built in 1965
Parking
- 2 Car Attached Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 2,250 Sq Ft Home
- Wood Burning Fireplace
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- Irregular Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4392
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2025
Closed on
Mar 31, 2025
Sold by
Madsen William D and Madsen Christina Marie
Bought by
Contreras Minerva Salina and Montes Guadalupe Najera
Seller's Agent
LANCE SMITH
Found Real Estate
Buyer's Agent
GLADYS MIRAMONTES
Elite Real Estate
List Price
$320,000
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$67,600
Outstanding Balance
$67,195
Interest Rate
6.87%
Estimated Equity
$234,691
Purchase Details
Closed on
Oct 4, 2019
Sold by
Madsen William D and Madsen Christina Marie
Bought by
Madsen William D and Madsen Christina Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,286
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 13, 2015
Sold by
Teresa J Teresa J and Yopungblood Teresa J
Bought by
Wreyford Jaime K and Wreyford Catherine I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,870,300
Interest Rate
3.89%
Mortgage Type
FHA
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Pioneer Title | |
| Warranty Deed | -- | Pioneer Title | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $67,600 | No Value Available | |
| Closed | $67,600 | No Value Available | |
| Open | $207,200 | New Conventional | |
| Closed | $207,200 | New Conventional | |
| Previous Owner | $201,286 | FHA | |
| Previous Owner | $17,870,300 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | -- | -- | -- |
| 02/16/2025 02/16/25 | Pending | -- | -- | -- |
| 02/13/2025 02/13/25 | Price Changed | $310,000 | -3.1% | $138 / Sq Ft |
| 01/25/2025 01/25/25 | For Sale | $320,000 | -- | $142 / Sq Ft |
Source: New Mexico MLS
Tax History Compared to Growth
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 | $1,850 | $67,709 | $7,038 | $60,671 |
| 2023 | $1,821 | $65,737 | $6,833 | $58,904 |
| 2022 | $1,798 | $65,737 | $6,833 | $58,904 |
| 2021 | $1,793 | $65,737 | $6,833 | $58,904 |
| 2020 | $1,766 | $65,737 | $6,833 | $58,904 |
| 2019 | $1,732 | $65,567 | $7,333 | $58,234 |
| 2018 | $1,713 | $65,567 | $7,333 | $58,234 |
| 2017 | $1,811 | $196,701 | $21,999 | $174,702 |
| 2016 | $1,885 | $196,701 | $21,999 | $174,702 |
| 2015 | $1,727 | $196,701 | $21,999 | $174,702 |
| 2014 | -- | $196,701 | $21,999 | $174,702 |
Source: Public Records
Agents Affiliated with this Home
-
LANCE SMITH
-
GLADYS MIRAMONTES
Buyer's Agent in 2025
GLADYS MIRAMONTES
Elite Real Estate
(575) 441-3044
79 Total Sales
Map
Source: New Mexico MLS
MLS Number: 20250459
APN: 4000043920001
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