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404 W Rainbow Dr; Hobbs, NM Property Details

404 W Rainbow Dr, Hobbs, NM is a Single Family that was built in 1948. This property is currently a cash purchase and is not for sale. Our records show that 404 W Rainbow Dr has 5 bedrooms, and 2 bathrooms, and a total of 1,480 square feet. The lot size of 404 W Rainbow Dr is 7,812 square feet.

Off market
404 W Rainbow Dr Hobbs, NM 88240
$90,000 Listing Price
5 Beds
2 Baths
1,480 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1948
  • Est. Equity / %: $115,000 / 100%
  • APN: 4 000 000 900 001
  • Situs County: Lea
  • Length Of Ownership: 5 years

Rooms

  • Bedrooms: 5
  • Bathrooms: 2

Measurements

  • Total: 1,480/SqFt
  • Lot: 7,812/SqFt

Legal Description

  • Description: SOUTHERN HTS ADD BLOCK 8 LOT 9 41414 AGUILAR, RAYMOND P 11321 AFFDTH AGUILAR, RAYMOND PORRAS JR 72721 AGUILAR, RAYMOND PORRAS
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Hobbs Municipal Schools
  • Lat / Lon: 32.68771 / -103.14053
  • Subdivision: Southern Hts Add
  • Property Class: Residential

Amenities

  • Plus Four: 7336

Ownership Info

404 W Rainbow Dr has no associated ownership info
404 W Rainbow Dr has no associated ownership info.

Taxes

404 W Rainbow Dr has 10 associated Taxes items

404 W Rainbow Dr, 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 $27,210. The APN we've located for 404 W Rainbow Dr is 4 000 000 900 001.

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Taxes
  • Assessed Value:  $27,210
  • Assessed Year:  2025
  • Assessed County:  Lea
  • APN:  4 000 000 900 001
  • Assessed Land Value:  3000
  • Market Land Value:  9000
  • Tax Amount:  734.38
  • Tax Year:  2025
  • Market Value:  81630
  • Market Year:  2025

Tax History

404 W Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $27,210 Land Value $3,000 Improvement Value $24,210 Tax Amount $734.38 Change Rate -0.012492% Assessed CR Tax Rate +0.026989%
Year 2024 Assessed Value $27,210 Land Value $3,000 Improvement Value $24,210 Tax Amount $743.67 Change Rate -0.013465% Assessed CR Tax Rate +0.027331%
Year 2023 Assessed Value $27,210 Land Value $3,000 Improvement Value $24,210 Tax Amount $753.82 Change Rate +0.012886% Assessed CR Tax Rate +0.027704%
Year 2022 Assessed Value $27,210 Land Value $3,000 Improvement Value $24,210 Tax Amount $744.23 Change Rate +0.540657% Assessed CR Tax Rate +0.027351%
Year 2021 Assessed Value $17,707 Land Value $770 Improvement Value $16,937 Tax Amount $483.06 Change Rate +0.045698% Assessed CR Tax Rate +0.027281%
Year 2020 Assessed Value $17,192 Land Value $748 Improvement Value $16,444 Tax Amount $461.95 Change Rate +0.048028% Assessed CR Tax Rate +0.02687%
Year 2019 Assessed Value $16,691 Land Value $726 Improvement Value $15,965 Tax Amount $440.78 Change Rate -0.106285% Assessed CR Tax Rate +0.026408%
Year 2018 Assessed Value $16,205 Land Value $705 Improvement Value $15,500 Tax Amount $493.2 Change Rate +0.030011% Assessed CR Tax Rate +0.030435%
Year 2017 Assessed Value $47,199 Land Value $2,052 Improvement Value $45,147 Tax Amount $478.83 Change Rate Assessed CR Tax Rate +0.010145%
Year 2016 Assessed Value $45,825 Land Value $1,992 Improvement Value $43,833 Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $44,490 Land Value $1,935 Improvement Value $42,555 Tax Amount $390.62 Change Rate Assessed CR Tax Rate +0.00878%
Year 2014 Assessed Value $43,194 Land Value $1,878 Improvement Value $41,316 Tax Amount Change Rate Assessed CR Tax Rate