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103 E Palace Ave; Hobbs, NM Property Details

103 E Palace Ave, Hobbs, NM is a Single Family. This property is currently Financed and is not for sale. The lot size of 103 E Palace Ave is 8,026 square feet.

Off market
103 E Palace Ave Hobbs, NM 88240
$12,727 Estimated Value
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Purchase Price: $55,000
  • Open Loans / Balance: 1 / $27,856
  • Est. Equity / %: $122,144 / 81.43%
  • Inv. Liens: 1
  • APN: 4 000 013 340 001
  • Situs County: Lea
  • Length Of Ownership: 9 years, 5 months

Measurements

  • Lot: 8,026/SqFt

Legal Description

  • Description: SOUTHERN HTS ADD BLOCK 21 LOT 14 52311-TRANSFER ON DEATH DEED FILE # 31098 BK 1729 PG 661 1317 CAMACHO, DEBORAH & BUTLER, WIL
Building Insights

Land Information

  • Property Type: Single Family
  • Flood Zone: AO / No Flood Zone
  • School District: Hobbs Municipal Schools
  • Lat / Lon: 32.684772 / -103.13722
  • Subdivision: Southern Hts Add
  • Property Class: Residential

Amenities

  • Plus Four: 7727

Ownership Info

103 E Palace Ave has no associated ownership info
103 E Palace Ave has no associated ownership info.

Taxes

103 E Palace Ave has 10 associated Taxes items

103 E Palace Ave, Hobbs, NM pays taxes in Lea County, NM. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $12,727. The APN we've located for 103 E Palace Ave is 4 000 013 340 001.

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Taxes
  • Assessed Value:  $12,727
  • Assessed Year:  2025
  • Assessed County:  Lea
  • APN:  4 000 013 340 001
  • Assessed Land Value:  867
  • Market Land Value:  2601
  • Tax Amount:  289.51
  • Tax Year:  2025
  • Market Value:  38181
  • Market Year:  2025

Tax History

103 E Palace Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $12,727 Land Value $867 Improvement Value $11,860 Tax Amount $289.51 Change Rate +0.022787% Assessed CR Tax Rate +0.022748%
Year 2024 Assessed Value $12,357 Land Value $842 Improvement Value $11,515 Tax Amount $283.06 Change Rate +0.022025% Assessed CR Tax Rate +0.022907%
Year 2023 Assessed Value $11,997 Land Value $817 Improvement Value $11,180 Tax Amount $276.96 Change Rate +0.049687% Assessed CR Tax Rate +0.023086%
Year 2022 Assessed Value $11,997 Land Value $817 Improvement Value $11,180 Tax Amount $263.85 Change Rate +0.039025% Assessed CR Tax Rate +0.021993%
Year 2021 Assessed Value $11,308 Land Value $770 Improvement Value $10,538 Tax Amount $253.94 Change Rate +0.052514% Assessed CR Tax Rate +0.022457%
Year 2020 Assessed Value $10,979 Land Value $748 Improvement Value $10,231 Tax Amount $241.27 Change Rate +0.055009% Assessed CR Tax Rate +0.021976%
Year 2019 Assessed Value $10,659 Land Value $726 Improvement Value $9,933 Tax Amount $228.69 Change Rate -0.231346% Assessed CR Tax Rate +0.021455%
Year 2018 Assessed Value $10,349 Land Value $705 Improvement Value $9,644 Tax Amount $297.52 Change Rate +0.03216% Assessed CR Tax Rate +0.028749%
Year 2017 Assessed Value $30,141 Land Value $2,052 Improvement Value $28,089 Tax Amount $288.25 Change Rate -0.390914% Assessed CR Tax Rate +0.009563%
Year 2016 Assessed Value $29,262 Land Value $1,992 Improvement Value $27,270 Tax Amount $473.25 Change Rate +0.091217% Assessed CR Tax Rate +0.016173%
Year 2015 Assessed Value $28,410 Land Value $1,935 Improvement Value $26,475 Tax Amount $433.69 Change Rate +1.206063% Assessed CR Tax Rate +0.015265%
Year 2014 Assessed Value $27,582 Land Value $1,878 Improvement Value $25,704 Tax Amount $196.59 Change Rate Assessed CR Tax Rate +0.007127%