Check Availability

1513 North Penasco Drive

1513 North Penasco Drive, Hobbs, NM 88240
House in Lea
Sold Mar 15, 2018
$83,500
$82,379 by Alliance Financial Resources L
Mortgage Due Apr 01, 2048
1513 North Penasco Drive in Hobbs, NM was first built in 1992 and is 32 years old. This has been categorized as a residential property type. In total, the area measurement of the land is 8,059 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, 1513 North Penasco Drive sold most recently in Mar 14, 2018 for a total of $83,500. 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 $712 in taxes each year. 1513 North Penasco Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $25,718. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $23,218. 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

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

    Dimensions

  • Lot Size Square Feet: 8,059
  • 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: TAYLOR RANCH ADD
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TAYLOR RANCH ADD UNIT 1 BLOCK 14 LOT 5 1992-CARSON, JERALDINE GLADDEN 1297-GLADDEN, JERALDINE 072302-FRIED, CLAUDETTE 2507-HO

Ownership

  • Current Owner : MARTINEZ MARIA M
  • Previous Owner : TEPPER RONALD ALAN
  • Previous Owner 2: TEPPER JOAN ANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hobbs Municipal Schools
  • Census Tract: 000502

Geography

  • Account Number: 5634
  • District: 161
  • Parcel: 4 000 056 340 001
  • Block: 14
  • Lot: 5
  • Municipality: HOBBS
  • Latitude: 32.7159
  • Longitude: -103.119

    Address

  • Full Address: 1513 N Penasco Dr
  • Legal Unit: 1
  • Address - House Number: 1513
  • Street Direction: N
  • Address - Street Name: Penasco
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Hobbs
  • Carrier Code: C014
  • 4-Digit Zip Code: 4636
  • Zip Code: 88240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $712

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 144,887
  • High Value: 176,342
  • Low Value: 113,432

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $82,379
  • First Open Lien Mortgage Lender: ALLIANCE FINANCIAL RESOURCES L
  • First Open Lien Mortgage Recording Date: Mar 15, 2018
  • First Open Lien Mortgage Loan Amount: $82,379
  • 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: Apr 01, 2048

    Market Valuation

  • Market Total Value: $77,154
  • Market Land Value: $7,500
  • Market Improvement Value: $69,654

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,718
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $23,218

    Sales

  • Current Sale Contract Date: Mar 14, 2018
  • Current Sale Recording Date: Mar 15, 2018
  • Current Sale Transaction ID: 11455608725
  • Current Sale Price: $83,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21763

    Last Sale Mortgage

  • First Mortgage Lender: ALLIANCE FINANCIAL RESOURCES L
  • First Mortgage Transaction Date: Mar 15, 2018
  • First Mortgage Loan Amount: $82,379
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2048

About Hobbs



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1513 North Penasco Drive located in?
The 1513 North Penasco Drive is a house located in the neighborhood of Lea in Hobbs, Hobbs.
What is the average sales price for listings in 1513 North Penasco Drive?
The average sales price for units in 1513 North Penasco Drive is $0 currently.

Quantcast