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120 South Commercial Avenue

120 South Commercial Avenue, Lovington, NM 88260
Property in Lea
Sold Dec 01, 2014
$8,458,400
$8,346,000 by Mers Inc Acting As Nominee For
Mortgage Due Dec 10, 2044
Local assessors in Lovington, NM have categorized 120 South Commercial Avenue as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 6,740 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Nov 26, 2014 for $8,458,400. 120 South Commercial Avenue was last assessed in 2023. The total value of the property was assessed at $26,490. Specifically, the land the property is located on was valued at $2,829. While improvements on the property were assessed at a total of $23,661. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $827. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,740
  • 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: EAST ADD
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EAST ADD BLOCK 19 LOT 11 AND 20 OF VACATED ALLEY 12114 RODRIGUEZ,LORENZO ETUX PHOTO 21315 73020 EAST ADD REPLAT OF BLK 19 LOT

Ownership

  • Current Owner : VASQUEZ ESPINOSA HECTOR L
  • Previous Owner : LORENZO LORENZO
  • Previous Owner 2: RODRIGUEZ ROMELIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lovington Public Schools
  • Census Tract: 001005

Geography

  • Account Number: 22418
  • District: 11
  • Parcel: 4 000 224 180 001
  • Block: 19
  • Lot: 11,1-6
  • Municipality: LOVINGTON
  • Latitude: 32.9475
  • Longitude: -103.343

    Address

  • Full Address: 120 S Commercial Ave
  • Address - House Number: 120
  • Street Direction: S
  • Address - Street Name: Commercial
  • Address - Suffix Type: Ave
  • State: NM
  • City Name: Lovington
  • Carrier Code: C003
  • 4-Digit Zip Code: 4059
  • Zip Code: 88260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $827

    Appraisal Valuation

  • Standard Deviation: 0.2015
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 174,887
  • High Value: 210,141
  • Low Value: 139,633

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,346,000
  • First Open Lien Mortgage Lender: MERS INC ACTING AS NOMINEE FOR
  • First Open Lien Mortgage Recording Date: Dec 01, 2014
  • First Open Lien Mortgage Loan Amount: $8,346,000
  • 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: Dec 10, 2044

    Market Valuation

  • Market Total Value: $79,470
  • Market Land Value: $8,487
  • Market Improvement Value: $70,983

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,490
  • Assessed Land Value: $2,829
  • Assessed Improvements Value: $23,661

    Sales

  • Current Sale Contract Date: Nov 26, 2014
  • Current Sale Recording Date: Dec 01, 2014
  • Current Sale Transaction ID: 1193204115
  • Current Sale Price: $8,458,400
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 28473

    Last Sale Mortgage

  • First Mortgage Lender: MERS INC ACTING AS NOMINEE FOR
  • First Mortgage Transaction Date: Dec 01, 2014
  • First Mortgage Loan Amount: $8,346,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 10, 2044

About Lovington



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Frequently Asked Questions

What neighborhood is 120 South Commercial Avenue located in?
The 120 South Commercial Avenue is a located in the neighborhood of Lea in Lovington, Lovington.
What is the average sales price for listings in 120 South Commercial Avenue?
The average sales price for units in 120 South Commercial Avenue is $0 currently.

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