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1401 West Polk Avenue

1401 West Polk Avenue, Lovington, NM 88260
Property in Lea
Sold Jul 26, 2023
$162,639
$161,029 by Paramount Residential Mortgage
Mortgage Due Aug 01, 2053
Sold Jul 31, 2017
$63,000
$50,400 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2047
1401 West Polk Avenue has been categorized by the local assessors in Lovington, NM as a residential type of property. The area measurement of the land has been determined as 8,709 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 1401 West Polk Avenue sold most recently in Jul 25, 2023 for a total of $162,639. Before that, the property was also sold for $63,000 in Aug 28, 2015. 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 $652 in taxes each year. 1401 West Polk Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,890. If we break it down further, the land itself was valued at $3,006. Improvements to the property, however, were assessed at a total of $23,884. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 8,709
  • 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: APAULA HTS ADD
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential
  • Legal Description 1: APAULA HTS ADD UNIT 3 BLOCK 9 LOT 1 694-BEAVER, H R 51614-REYNOLDS, JOE 51614-ESCROW BK1893 PG11 PHOTO 071414 9215-BEAVERS, E

Ownership

  • Current Owner : MARTINEZ TORRES GREGORIO
  • Previous Owner : CLAYTON BRADLEY D
  • Previous Owner 2: CLAYTON JESSICA L
  • Owner Before Previous Owner: SMITH JERRY R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Lovington Public Schools
  • Census Tract: 001004

Geography

  • Account Number: 20244
  • District: 11
  • Parcel: 4 000 202 440 001
  • Block: 9
  • Lot: 1
  • Municipality: LOVINGTON
  • Latitude: 32.9582
  • Longitude: -103.365

    Address

  • Full Address: 1401 W Polk Ave
  • Legal Unit: 3
  • Address - House Number: 1401
  • Street Direction: W
  • Address - Street Name: Polk
  • Address - Suffix Type: Ave
  • State: NM
  • City Name: Lovington
  • Carrier Code: C001
  • 4-Digit Zip Code: 2436
  • Zip Code: 88260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $652

    Appraisal Valuation

  • Standard Deviation: 0.215
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 169,068
  • High Value: 205,427
  • Low Value: 132,710

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $161,029
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 26, 2023
  • First Open Lien Mortgage Loan Amount: $161,029
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $80,670
  • Market Land Value: $9,018
  • Market Improvement Value: $71,652

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,890
  • Assessed Land Value: $3,006
  • Assessed Improvements Value: $23,884

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Jul 26, 2023
  • Current Sale Transaction ID: 11910423333
  • Current Sale Price: $162,639
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 38481
  • Previous Sale Recording Date: Jul 31, 2017
  • Previous Sale Contract Date: Aug 28, 2015
  • Previous Sale Amount: $63,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Jul 26, 2023
  • First Mortgage Loan Amount: $161,029
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 31, 2017
  • Previous Mortgage Loan Amount: $50,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2047

About Lovington



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Frequently Asked Questions

What neighborhood is 1401 West Polk Avenue located in?
The 1401 West Polk Avenue is a located in the neighborhood of Lea in Lovington, Lovington.
What is the average sales price for listings in 1401 West Polk Avenue?
The average sales price for units in 1401 West Polk Avenue is $0 currently.

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