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401 East Baja Drive

401 East Baja Drive, Hobbs, NM 88240
Property in Lea
Sold May 05, 2021
$315,600
$252,450 by Paramount Residential Mortgage
Mortgage Due May 01, 2051
Sold Sep 19, 2014
$23,259,100
$22,950,000 by Pioneer Bank
Mortgage Due Oct 01, 2044
401 East Baja Drive in Hobbs, NM was first built in 1993 and is 31 years old. This has been categorized as a residential property type. In total, the area measurement of the land is 12,673 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, 401 East Baja Drive sold most recently in May 3, 2021 for a total of $315,600. Before that, the property was also sold for $23,259,100 in Sep 18, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,132 in taxes each year. 401 East Baja Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $76,946. If we break it down further, the land itself was valued at $8,333. Improvements to the property, however, were assessed at a total of $68,613. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,673
  • 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: BROADMOOR ADD
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BROADMOOR ADD UNIT 15 BLOCK 49 LOT 3 PHOTO 21612 91914 PALMER, KENNY 5521 MAY, BRIAN P

Ownership

  • Current Owner : DUARTE ARCHIE R
  • Current Owner 2: DUARTE ERICA M
  • Previous Owner : MAY BRIAN P
  • Previous Owner 2: MAY CHRISTINA MEJIA
  • Owner Before Previous Owner: CHRISTY CHRISTY
  • Owner Before Previous Owner 2: MAY BRIAN P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hobbs Municipal Schools
  • Census Tract: 000600

Geography

  • Account Number: 4653
  • District: 161
  • Parcel: 4 000 046 530 001
  • Block: 49
  • Lot: 3
  • Municipality: HOBBS
  • Latitude: 32.7193
  • Longitude: -103.132

    Address

  • Full Address: 401 E Baja Dr
  • Legal Unit: 15
  • Address - House Number: 401
  • Street Direction: E
  • Address - Street Name: Baja
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Hobbs
  • Carrier Code: C018
  • 4-Digit Zip Code: 3414
  • Zip Code: 88240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,132

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 360,970
  • High Value: 436,919
  • Low Value: 285,021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $252,450
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: May 05, 2021
  • First Open Lien Mortgage Loan Amount: $252,450
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $230,838
  • Market Land Value: $24,999
  • Market Improvement Value: $205,839

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,946
  • Assessed Land Value: $8,333
  • Assessed Improvements Value: $68,613

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Transaction ID: 11835074022
  • Current Sale Price: $315,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5329
  • Previous Sale Recording Date: Sep 19, 2014
  • Previous Sale Contract Date: Sep 18, 2014
  • Previous Sale Amount: $23,259,100
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: May 05, 2021
  • First Mortgage Loan Amount: $252,450
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PIONEER BANK
  • Previous Mortgage Transaction Date: Sep 19, 2014
  • Previous Mortgage Loan Amount: $22,950,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Hobbs



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Frequently Asked Questions

What neighborhood is 401 East Baja Drive located in?
The 401 East Baja Drive is a located in the neighborhood of Lea in Hobbs, Hobbs.
What is the average sales price for listings in 401 East Baja Drive?
The average sales price for units in 401 East Baja Drive is $0 currently.

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