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1406 East Park Street

1406 East Park Street, Hobbs, NM 88240
House in Lea
Sold Apr 17, 2018
$99,500
$98,188 by Lea County State Bank
Mortgage Due May 01, 2048
This has been categorized as a residential property type. In total, the area measurement of the land is 7,887 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1406 East Park Street sold most recently in Apr 16, 2018 for a total of $99,500. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $786 in taxes each year. 1406 East Park Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $28,360. If we break it down further, the land itself was valued at $3,333. Improvements to the property, however, were assessed at a total of $25,027. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,887
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PRIBBLE BROS ADD
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PRIBBLE BROS ADD BLOCK 12 TRACT 5 W 55 OF LOT 5 PHOTO 6418 041718 WEAVER, MICHAEL KEVIN

Ownership

  • Current Owner : VALERIO ALONSO
  • Previous Owner : WEAVER MICHAEL KEVIN
  • Previous Owner 2: WEAVER VICKI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hobbs Municipal Schools
  • Census Tract: 000400

Geography

  • Account Number: 14128
  • District: 161
  • Subdivision Tract Number: 5
  • Parcel: 4 000 141 280 001
  • Block: 12
  • Lot: 5
  • Municipality: HOBBS
  • Latitude: 32.7063
  • Longitude: -103.12

    Address

  • Full Address: 1406 E Park St
  • Address - House Number: 1406
  • Street Direction: E
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: NM
  • City Name: Hobbs
  • Carrier Code: C002
  • 4-Digit Zip Code: 5955
  • Zip Code: 88240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $786

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 167,470
  • High Value: 203,828
  • Low Value: 131,113

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $106,696
  • First Open Lien Mortgage Lender: LEA COUNTY STATE BANK
  • First Open Lien Mortgage Recording Date: Apr 17, 2018
  • First Open Lien Mortgage Loan Amount: $98,188
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2048
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Nov 14, 2022
  • Second Open Lien Mortgage Loan Amount: $8,508
  • Second Open Lien Mortgage Term: 305
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: May 01, 2048

    Market Valuation

  • Market Total Value: $85,080
  • Market Land Value: $9,999
  • Market Improvement Value: $75,081

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,360
  • Assessed Land Value: $3,333
  • Assessed Improvements Value: $25,027

    Sales

  • Current Sale Contract Date: Apr 16, 2018
  • Current Sale Recording Date: Apr 17, 2018
  • Current Sale Transaction ID: 11467293217
  • Current Sale Price: $99,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 23285

    Last Sale Mortgage

  • First Mortgage Lender: LEA COUNTY STATE BANK
  • First Mortgage Transaction Date: Apr 17, 2018
  • First Mortgage Loan Amount: $98,188
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2048

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Frequently Asked Questions

What neighborhood is 1406 East Park Street located in?
The 1406 East Park Street is a house located in the neighborhood of Lea in Hobbs, Hobbs.
What is the average sales price for listings in 1406 East Park Street?
The average sales price for units in 1406 East Park Street is $0 currently.

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