Taxes
- Assessed Value: $29,891
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 020 890 001
- Assessed Land Value: 3477
- Market Land Value: 10431
- Tax Amount: 806.72
- Tax Year: 2025
- Market Value: 89673
- Market Year: 2025
408 W Rainbow Dr; Hobbs, NM Property Details
Off market
408 W Rainbow Dr Hobbs, NM 88240
$125,000 Listing Price
3 Beds
2 Baths
1,259 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1987
- Purchase Price: $157,937
- Open Loans / Balance: 1 / $117,675
- Est. Equity / %: $325 / 0.28%
- Inv. Liens: 1
- APN: 4 000 020 890 001
- Situs County: Lea
- Length Of Ownership: 1 year, 1 months
Rooms
- Bedrooms: 3
- Bathrooms: 2
Measurements
- Total: 1,259/SqFt
- Lot: 8,515/SqFt
- Price Per Square Foot: $125.45
Legal Description
- Description: SOUTHERN HTS ADD BLOCK 8 LOT 11 10324 SMD PURSER, WANDA L CV2023-175 12624 WELLS FARGO BANK, N.A
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: 32.687695 / -103.14092
- Subdivision: Southern Hts Add
- Property Class: Residential
Amenities
- Plus Four: 7336
Ownership Info
408 W Rainbow Dr has no associated ownership info
408 W Rainbow Dr has no associated ownership info.
Taxes
408 W Rainbow Dr has 10 associated Taxes items
408 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 $29,891. The APN we've located for 408 W Rainbow Dr is 4 000 020 890 001.
Unlock the full reportTax History
408 W Rainbow Dr has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $29,891 | Land Value $3,477 | Improvement Value $26,414 | Tax Amount $806.72 | Change Rate +0.092391% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $29,021 | Land Value $3,376 | Improvement Value $25,645 | Tax Amount $738.49 | Change Rate +0.018354% | Assessed CR | Tax Rate +0.025447% |
| Year 2023 | Assessed Value $28,176 | Land Value $3,278 | Improvement Value $24,898 | Tax Amount $725.18 | Change Rate +0.045681% | Assessed CR | Tax Rate +0.025738% |
| Year 2022 | Assessed Value $28,176 | Land Value $3,278 | Improvement Value $24,898 | Tax Amount $693.5 | Change Rate +0.035075% | Assessed CR | Tax Rate +0.024613% |
| Year 2021 | Assessed Value $26,559 | Land Value $3,090 | Improvement Value $23,469 | Tax Amount $670 | Change Rate +0.048349% | Assessed CR | Tax Rate +0.025227% |
| Year 2020 | Assessed Value $25,785 | Land Value $3,000 | Improvement Value $22,785 | Tax Amount $639.1 | Change Rate +0.017465% | Assessed CR | Tax Rate +0.024786% |
| Year 2019 | Assessed Value $25,785 | Land Value $3,000 | Improvement Value $22,785 | Tax Amount $628.13 | Change Rate -0.198354% | Assessed CR | Tax Rate +0.02436% |
| Year 2018 | Assessed Value $25,785 | Land Value $3,000 | Improvement Value $22,785 | Tax Amount $783.55 | Change Rate | Assessed CR | Tax Rate +0.030388% |
| Year 2017 | Assessed Value $77,355 | Land Value $9,000 | Improvement Value $68,355 | Tax Amount $783.55 | Change Rate | Assessed CR | Tax Rate +0.010129% |
| Year 2016 | Assessed Value $77,355 | Land Value $9,000 | Improvement Value $68,355 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $77,355 | Land Value $9,000 | Improvement Value $68,355 | Tax Amount $626.51 | Change Rate | Assessed CR | Tax Rate +0.008099% |
| Year 2014 | Assessed Value $77,355 | Land Value $9,000 | Improvement Value $68,355 | Tax Amount | Change Rate | Assessed CR | Tax Rate |