CASH ONLY Property is being sold as is. Welcome to 101 W Spears, a unique property nestled in the heart of Hobbs, New Mexico. This is an unparalleled opportunity for visionary investors or ambitious homeowners eager to craft their dream home from the ground up. Situated in a well-established neighborhood, this property boasts incredible potential, waiting for a complete renovation to bring it back to life. Property Overview: Location: 101 W Spears, Hobbs, NM Structure: Single-family home Condition: Requires total renovation Lot Size: Generously sized lot offering ample space for expansion or landscaping The Potential: While the property currently requires a full-scale renovation, the possibilities are endless. With the right vision and resources, this could become a standout residence in the community. Whether youre looking to create a cozy family home or seeking a profitable investment, this property provides a blank canvas to let your creativity shine.
Sold
Price Unknown
101 W Spears Dr, Hobbs, NM 88240
3beds
2,224sqft
Single Family Residence
Built in 1968
-- sqft lot
$167,200 Zestimate®
$--/sqft
$2,228 Estimated rent
Home value
$167,200
Estimated sales range
Not available
$2,228/mo
Zestimate® history
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List your homeWhat's special
Generously sized lot
Zillow last checked:
Listing updated:
Listed by:
Ladonna Sanchez 575-408-1525,
United Realty, LLC - Hobbs
Bought with:
Ladonna Sanchez, 55060
United Realty, LLC - Hobbs
Source: New Mexico MLS,MLS#: 20244843
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Number of fireplaces: 1
Interior area
- Total structure area: 2,224
- Total interior livable area: 2,224 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Open
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Topography: Irregular Lot
Details
- Parcel number: 4000413540001
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Metal,Pitched
Condition
- Year built: 1968
Community & HOA
HOA
- Has HOA: No
Location
- Region: Hobbs
Financial & listing details
- Tax assessed value: $146,994
- Annual tax amount: $1,781
- Date on market: 8/15/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | -- |
Source:  New Mexico MLS #20244843 Report a problem | ||
| 7/2/2025 | Pending sale | $199,000$89/sqft |
Source: New Mexico MLS #20244843 Report a problem | ||
| 6/18/2025 | Price change | $199,000-7.4%$89/sqft |
Source: New Mexico MLS #20244843 Report a problem | ||
| 9/4/2024 | Price change | $215,000-4.4%$97/sqft |
Source: New Mexico MLS #20244843 Report a problem | ||
| 8/16/2024 | Listed for sale | $225,000+50%$101/sqft |
Source: New Mexico MLS #20244843 Report a problem | ||
| 5/2/2022 | Sold | -- |
Source: New Mexico MLS #20221723 Report a problem | ||
| 4/5/2022 | Contingent | $150,000$67/sqft |
Source: New Mexico MLS #20221723 Report a problem | ||
| 4/1/2022 | Listed for sale | $150,000$67/sqft |
Source: New Mexico MLS #20221723 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,135 -1.2% | $48,998 |
| 2024 | $1,148 -1.3% | $48,998 |
| 2023 | $1,164 +3.3% | $48,998 +1.7% |
| 2022 | $1,126 +3.3% | $48,197 +3% |
| 2021 | $1,091 +5.1% | $46,793 +3% |
| 2020 | $1,038 +5.1% | $45,430 +3% |
| 2019 | $988 +4.2% | $44,107 +3% |
| 2018 | $948 -26% | $42,822 -65.7% |
| 2017 | $1,281 +72.7% | $124,725 +3% |
| 2016 | $742 | $121,092 +3% |
| 2015 | $742 | $117,567 +3% |
| 2014 | -- | $114,141 +3% |
| 2013 | -- | $110,817 +3% |
| 2012 | -- | $107,589 +3% |
| 2011 | -- | $104,454 +3% |
| 2010 | -- | $101,412 |
Find assessor info on the county website
Neighborhood: 88240
Nearby homes
- $204,700-- bd-- ba-- sqft3317 N Fowler St, Hobbs, NM 88240Off Market
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Nearby schools
GreatSchools rating
- 7/10Mills Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Highland Junior High SchoolGrades: 6-8Distance: 1 mi
- 8/10Hobbs High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$167,200
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$170,544
- New Mexico
- Lea County
- Hobbs
- 88240
- 101 W Spears Dr
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