Taxes
- Assessed Value: $40,832
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 408 320 001
- Assessed Land Value: 6150
- Market Land Value: 18450
- Tax Amount: 899.16
- Tax Year: 2025
- Market Value: 122496
- Market Year: 2025
700 W Drake St; Hobbs, NM Property Details
Off market
700 W Drake St Hobbs, NM 88242
$70,000 Listing Price
2 Beds
1 Baths
1,000 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1992
- Purchase Price: $83,100
- Open Loans / Balance: 1 / $53,789
- Est. Equity / %: $88,211 / 62.12%
- APN: 4 000 408 320 001
- Situs County: Lea
- Length Of Ownership: 9 years, 5 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
Measurements
- Total: 1,000/SqFt
- Lot: 30,616/SqFt
- Price Per Square Foot: $83.10
Legal Description
- Description: KNOWLES SUB-DIV UNIT 1 BLOCK 5 LOT 5 1992-WOLFE, ROSS THOMAS 3-2-06-HERNANDEZ, FRANK 11717 RAMIREZ, SHANNON L & ALVIN PHOTO 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: 32.76952 / -103.143845
- Subdivision: Knowles Sub-Div
- Property Class: Residential
Amenities
- Plus Four: 8029
Ownership Info
700 W Drake St has no associated ownership info
700 W Drake St has no associated ownership info.
Taxes
700 W Drake St has 10 associated Taxes items
700 W Drake St, 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 $40,832. The APN we've located for 700 W Drake St is 4 000 408 320 001.
Unlock the full reportTax History
700 W Drake St 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 $40,832 | Land Value $6,150 | Improvement Value $34,682 | Tax Amount $899.16 | Change Rate +0.019225% | Assessed CR | Tax Rate +0.022021% |
| Year 2024 | Assessed Value $39,643 | Land Value $5,971 | Improvement Value $33,672 | Tax Amount $882.2 | Change Rate +0.018142% | Assessed CR | Tax Rate +0.022254% |
| Year 2023 | Assessed Value $38,488 | Land Value $5,797 | Improvement Value $32,691 | Tax Amount $866.48 | Change Rate +0.001144% | Assessed CR | Tax Rate +0.022513% |
| Year 2022 | Assessed Value $38,488 | Land Value $5,797 | Improvement Value $32,691 | Tax Amount $865.49 | Change Rate +0.849219% | Assessed CR | Tax Rate +0.022487% |
| Year 2021 | Assessed Value $20,080 | Land Value $5,628 | Improvement Value $14,452 | Tax Amount $468.03 | Change Rate +0.02014% | Assessed CR | Tax Rate +0.023308% |
| Year 2020 | Assessed Value $20,080 | Land Value $5,628 | Improvement Value $14,452 | Tax Amount $458.79 | Change Rate +0.020236% | Assessed CR | Tax Rate +0.022848% |
| Year 2019 | Assessed Value $20,080 | Land Value $5,628 | Improvement Value $14,452 | Tax Amount $449.69 | Change Rate -0.317286% | Assessed CR | Tax Rate +0.022395% |
| Year 2018 | Assessed Value $20,080 | Land Value $5,628 | Improvement Value $14,452 | Tax Amount $658.68 | Change Rate +0.034197% | Assessed CR | Tax Rate +0.032803% |
| Year 2017 | Assessed Value $58,062 | Land Value $16,884 | Improvement Value $41,178 | Tax Amount $636.9 | Change Rate | Assessed CR | Tax Rate +0.010969% |
| Year 2016 | Assessed Value $56,370 | Land Value $16,392 | Improvement Value $39,978 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $54,729 | Land Value $15,915 | Improvement Value $38,814 | Tax Amount $362.96 | Change Rate | Assessed CR | Tax Rate +0.006632% |
| Year 2014 | Assessed Value $53,133 | Land Value $15,450 | Improvement Value $37,683 | Tax Amount | Change Rate | Assessed CR | Tax Rate |