Taxes
- Assessed Value: $69,667
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 981 211 101 444
- Assessed Land Value: 12299
- Market Land Value: 36897
- Tax Amount: 1613.15
- Tax Year: 2025
- Market Value: 209001
- Market Year: 2025
506 E Cottonwood Ln; Hobbs, NM Property Details
Off market
506 E Cottonwood Ln Hobbs, NM 88242
$69,667 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Purchase Price: $277,800
- Open Loans / Balance: 2 / $222,580
- Est. Equity / %: $42,420 / 16.01%
- APN: 4 981 211 101 444
- Situs County: Lea
- Length Of Ownership: 7 years, 7 months
Measurements
- Lot: 114,037/SqFt
Legal Description
- Description: LIBBA LAND SUB-DIV BLOCK 1 LOT 10 PHOTO 1172019 112118 YMH INC
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: 32.790245 / -103.131454
- Subdivision: Libba Land Sub-Div
- Property Class: Residential
Amenities
- Plus Four: 8090
Ownership Info
506 E Cottonwood Ln has no associated ownership info
506 E Cottonwood Ln has no associated ownership info.
Taxes
506 E Cottonwood Ln has 10 associated Taxes items
506 E Cottonwood Ln, 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 $69,667. The APN we've located for 506 E Cottonwood Ln is 4 981 211 101 444.
Unlock the full reportTax History
506 E Cottonwood Ln has 7 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $69,667 | Land Value $12,299 | Improvement Value $57,368 | Tax Amount $1,613.15 | Change Rate +0.017651% | Assessed CR | Tax Rate +0.023155% |
| Year 2024 | Assessed Value $67,638 | Land Value $11,941 | Improvement Value $55,697 | Tax Amount $1,585.17 | Change Rate -0.007985% | Assessed CR | Tax Rate +0.023436% |
| Year 2023 | Assessed Value $67,290 | Land Value $11,593 | Improvement Value $55,697 | Tax Amount $1,597.93 | Change Rate +0.021485% | Assessed CR | Tax Rate +0.023747% |
| Year 2022 | Assessed Value $67,290 | Land Value $11,593 | Improvement Value $55,697 | Tax Amount $1,564.32 | Change Rate +0.00736% | Assessed CR | Tax Rate +0.023247% |
| Year 2021 | Assessed Value $66,624 | Land Value $10,927 | Improvement Value $55,697 | Tax Amount $1,552.89 | Change Rate +0.025037% | Assessed CR | Tax Rate +0.023308% |
| Year 2020 | Assessed Value $66,306 | Land Value $10,609 | Improvement Value $55,697 | Tax Amount $1,514.96 | Change Rate +0.025% | Assessed CR | Tax Rate +0.022848% |
| Year 2019 | Assessed Value $65,997 | Land Value $10,300 | Improvement Value $55,697 | Tax Amount $1,478.01 | Change Rate | Assessed CR | Tax Rate +0.022395% |