Taxes
- Assessed Value: $71,605
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 981 211 103 932
- Assessed Land Value: 11255
- Market Land Value: 33765
- Tax Amount: 1658.02
- Tax Year: 2025
- Market Value: 214815
- Market Year: 2025
602 W Cottonwood Ln; Hobbs, NM Property Details
Off market
602 W Cottonwood Ln Hobbs, NM 88242
$71,605 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 2 / Related
- Owner Status: Related
- Purchase Price: $211,000
- Open Loans / Balance: 3 / $36,784
- Est. Equity / %: $204,216 / 84.74%
- APN: 4 981 211 103 932
- Situs County: Lea
- Length Of Ownership: 6 years, 5 months
Measurements
- Lot: 95,912/SqFt
Legal Description
- Description: LIBBA LAND SUB-DIV BLOCK 3 LOT 5
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: 32.790234 / -103.14235
- Subdivision: Libba Land Sub-Div
- Property Class: Residential
Amenities
- Plus Four: 8092
Ownership Info
602 W Cottonwood Ln has no associated ownership info
602 W Cottonwood Ln has no associated ownership info.
Taxes
602 W Cottonwood Ln has 10 associated Taxes items
602 W 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 $71,605. The APN we've located for 602 W Cottonwood Ln is 4 981 211 103 932.
Unlock the full reportTax History
602 W 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 $71,605 | Land Value $11,255 | Improvement Value $60,350 | Tax Amount $1,658.02 | Change Rate +0.017658% | Assessed CR | Tax Rate +0.023155% |
| Year 2024 | Assessed Value $69,519 | Land Value $10,927 | Improvement Value $58,592 | Tax Amount $1,629.25 | Change Rate +0.016509% | Assessed CR | Tax Rate +0.023436% |
| Year 2023 | Assessed Value $67,494 | Land Value $10,609 | Improvement Value $56,885 | Tax Amount $1,602.79 | Change Rate +0.016354% | Assessed CR | Tax Rate +0.023747% |
| Year 2022 | Assessed Value $67,494 | Land Value $10,609 | Improvement Value $56,885 | Tax Amount $1,577 | Change Rate +0.002441% | Assessed CR | Tax Rate +0.023365% |
| Year 2021 | Assessed Value $67,494 | Land Value $10,609 | Improvement Value $56,885 | Tax Amount $1,573.16 | Change Rate +4.30094% | Assessed CR | Tax Rate +0.023308% |
| Year 2020 | Assessed Value $10,609 | Land Value $10,609 | Improvement Value | Tax Amount $296.77 | Change Rate | Assessed CR | Tax Rate +0.027973% |
| Year 2019 | Assessed Value $391,400 | Land Value $391,400 | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |