NOT LISTED FOR SALE

631 W Silver Ave Hobbs, NM 88240

Estimated Value: $280,000 - $307,000

3 Beds
2 Baths
2,250 Sq Ft
$132/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2025

Current estimated payment $1,766 / mo

22 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Wood Burning Fireplace
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of March 2025

This home is located at 631 W Silver Ave, Hobbs, NM 88240 since 25 January 2025 and is currently estimated at $297,900, approximately $132 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

LANCE SMITH

Found Real Estate License #REC-2023-0454 Listed on: 01/25/2025

Last Buyer's Agent

GLADYS MIRAMONTES

Elite Real Estate License #53902

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,915

Year Built

  • Built in 1965

Lot Details

  • 8,756

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,915

Year Built

Built in 1965

Lot Details

8,756 Sq Ft Lot

Parking

2

Listing Details

  • New Construction: No
  • Year Built: 1965
  • Reso Property Sub Type: Single Family Site Built
  • Prop. Type: Residential
  • ResoLotFeatures: Irregular Lot
  • ResoSpecialListingConditions: Best Interest
  • Carport Y N: No
  • Reso Flooring: Carpet, Laminate, Tile, Wood
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood Burning
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Fencing: Block
  • Construction Type: Brick
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Utilities: Sewer Connected
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 4392

Green Features

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2915

Multi Family

  • Building Area Units: Square Feet

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
Jan 25, 2025
Closed on
Mar 31, 2025
Sold by
Bought by
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
$297,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.53%
Original Mortgage
$67,600
Outstanding Balance
$67,017
Interest Rate
6.87%
Estimated Equity
$230,883

Purchase Details

Closed on
Oct 4, 2019
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
$201,286
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2015
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
$17,870,300
Interest Rate
3.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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

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ICE

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Average Value
Not Available
List Price
Sold Price
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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 Buyer Sale Price Title Company
-- Pioneer Title
-- Pioneer Title
-- First American Title Ins Co
-- First American Title Ins Co
-- --
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 Borrower Loan Amount
Open $67,600
Closed $67,600
Open $207,200
Closed $207,200
Previous Owner $201,286
Previous Owner $17,870,300
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
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

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 $1,882 $69,740 $7,249 $62,491
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

  • L

    Seller's Agent in 2025

    LANCE SMITH

    Found Real Estate

    (575) 433-9999

    5 Total Sales

    LANCE SMITH
    Section Image
  • GLADYS MIRAMONTES

    Buyer's Agent in 2025

    GLADYS MIRAMONTES

    Elite Real Estate

    (575) 441-3044

    80 Total Sales

    GLADYS MIRAMONTES
    Section Image
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Map

Source: New Mexico MLS

MLS Number: 20250459

New Mexico MLS

APN: 4000043920001

New Mexico Lea County Hobbs 88240

631 W Silver Ave, Hobbs, NM

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