For sale

$2,500,000

713 W Kara St, Hobbs, NM 88242

4beds

2,226sqft

$14,849/mo

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Single Family Residence

Built in 1980

4.47 Acres Lot

$-- Zestimate^®

$1,123/sqft

$-- HOA

What's special

New wiringBeautiful backyard

Turnkey opportunity to acquire a multi-parcel, income-capable property in Hobbs. This offering includes four separate parcels totaling approximately 4.47 acres. Here you will find a commercial building; 5206 N Grimes St. for a business and 713 W Kara St. a 4 bedroom, 2 bathroom residential property. Property highlights include: 20+ kennels Right off a main road for easy access and visibility 2 brand new AC units New wiring Large 4-bedroom, 2-bath home with a beautiful backyard Large barn behind the house with 10 covered stalls Second barn with 8 attached stalls 2 large riding arenas 2 horse turnouts Greenhouse Multiple fenced yards for dogs or livestock. Opportunities like this combining land, infrastructure, and multiple parcels are rare in this market. Call today to schedule a tour!

69 days

98

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Features

Flooring: Tile
Number of fireplaces: 1

Interior area

Total structure area: 2,226
Total interior livable area: 2,226 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Open
Garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Exterior features: Dog Run
Fencing: Cross Fenced

Lot

Size: 4.47 Acres
Topography: Cross Fenced, Irregular Lot

Details

Parcel number: 4000777680001

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick
Roof: Metal

Condition

Year built: 1980

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Audio/Video Surveillance

HOA

Has HOA: No

Location

Region: Hobbs

Financial & listing details

Price per square foot: $1,123/sqft
Tax assessed value: $194,835
Annual tax amount: $3,352
Date on market: 3/18/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Inclusions: Free-Standing Range
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$2,550/mo

Price history

Date	Event	Price
5/19/2026	Listed for sale	$2,500,000$1,123/sqft
Source: New Mexico MLS #20262947 Report a problem
3/14/2018	Sold	--
Source: Agent Provided Report a problem
1/12/2018	Listing removed	$1,500$1/sqft
Source: Empire Real Estate Group Report a problem
12/12/2017	Listed for rent	$1,500$1/sqft
Source: Empire Real Estate Group Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,245 +0.8%	$125,099 +1.5%
2024	$3,219 +2.9%	$123,208 +3.5%
2023	$3,129 +2.8%	$119,060 +1.1%
2022	$3,043 +0.4%	$117,709 +0.3%
2021	$3,032 +2.4%	$117,406 +91.8%
2020	$2,962 +3.1%	$61,217
2019	$2,873 +71.3%	$61,217 -10.6%
2018	$1,677 -16.1%	$68,481 -65.8%
2017	$2,000 +25.4%	$199,983 +1.7%
2016	$1,595	$196,734 +1.6%
2015	$1,595	$193,629
2014	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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