Case# 361-359016, Sold AS-IS with all faults. No warranties implied or expressed by the Seller. Please visit www.HudHomesstore.gov For Utility turn Ons, approval must be granted in advance from HUD's Field Svc Mgr. In cases where plumbing deficiencies exist approval for water turn on may be denied. Review PCR for utility turn on information, the PCR is not to be relied upon in lieu of a home inspection
Sold
Price Unknown
408 W Rainbow Dr, Hobbs, NM 88240
3beds
1,259sqft
Single Family Residence
Built in 1948
8,712 Square Feet Lot
$127,900 Zestimate®
$--/sqft
$2,066 Estimated rent
Home value
$127,900
Estimated sales range
Not available
$2,066/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Martha Thomas 575-393-8058,
Casa Oasis Realty
Bought with:
Meagan Carpenter, REC-2024-0510
Century 21 Dunagan Associates
Source: New Mexico MLS,MLS#: 20247207
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Ceiling Fan(s)
- Flooring: Tile
- Number of fireplaces: 1
Interior area
- Total structure area: 1,259
- Total interior livable area: 1,259 sqft
Property
Features
- Stories: 1
- Fencing: Back Yard,Chain Link,Cross Fenced
Lot
- Size: 8,712 Square Feet
- Topography: Back Yard, Chain Link, Cross Fenced
Details
- Parcel number: 4000020890001
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Pitched
Condition
- Year built: 1948
Utilities & green energy
- Utilities for property: Electricity Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Hobbs
Financial & listing details
- Tax assessed value: $89,673
- Annual tax amount: $1,162
- Date on market: 12/27/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Free-Standing Range, Range Hood
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2025 | Sold | -- |
Source:  New Mexico MLS #20247207 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $807 +9.2% | $29,891 +3% |
| 2024 | $738 +1.8% | $29,021 +3% |
| 2023 | $725 +4.6% | $28,176 +3% |
| 2022 | $694 +3.5% | $27,356 +3% |
| 2021 | $670 +4.8% | $26,559 +3% |
| 2020 | $639 +1.7% | $25,785 |
| 2019 | $628 +1.1% | $25,785 |
| 2018 | $621 -20.7% | $25,785 -66.7% |
| 2017 | $784 +25.1% | $77,355 |
| 2016 | $627 | $77,355 |
| 2015 | $627 | $77,355 |
| 2014 | -- | $77,355 |
| 2013 | -- | $77,355 |
| 2012 | -- | $77,355 |
| 2011 | -- | $77,355 +64.4% |
| 2010 | -- | $47,067 |
Find assessor info on the county website
Neighborhood: 88240
Nearby homes
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- $123,000-- bd-- ba1k sqft410 W Rainbow Dr, Hobbs, NM 88240Off Market
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- $911-- sqft409 W Rainbow Dr, Hobbs, NM 88240Off Market
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Nearby schools
GreatSchools rating
- 5/10Southern Heights Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Heizer Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Hobbs High SchoolGrades: 9-12Distance: 1.9 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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$127,900
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$130,458
- New Mexico
- Lea County
- Hobbs
- 88240
- 408 W Rainbow Dr
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