Address
Corner of SE Pawnee St And N World Drive, Hobbs, NM
Price
$ 1,625,000
Property Attributes
- MLS#20233729
- TypeFarm
- CountyLEA
- CityHobbs
- AreaNew Mexico Mls
- Zip88242
- StyleFarm/Ranch
- Taxes$ 144
- Price$ 1,625,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size157.56 Acres
Data Source:
New Mexico MLS (NMMLS)
Property Description
North of Hobbs just outside the city limits NE of Humble City. Property consists of 157 +/- deeded acres with 153.66 water rights. Property has two irrigation wells drilled to the red bed; each producing over 1,000 GPM. Farmland has been in production the last 20 years growing chili, cotton, and corn. It previously grew alfalfa and produced over 10 tons per acre annually. The Property/Farmland is currently being leased. Property is in excellent location for residential or commercial development with 3 phase power on property. Per: NM State Engineer the Water rights can be transferred. https://youtu.be/j3FqprBT_Hg https://earth.google.com/web/@32.8045307,-103.19851818,3356.57646618a,0d,35y,-0.0018h,12.4128t,359.9995r?utm_source=earth7&utm_campaign=vine&hl=en
| Price History | |
|---|---|
| 7/19/2023 | Listed $1,750,000 |
| 3/4/2024 | 8% - $1,625,000 |
General Features
| Electric | On-Site |
|---|---|
| Property SubType | Farm/Ranch |
| County | Lea County |
| New Construction | No |
| Property Type | Farm |
| HOA / Comm Assn | No |
| Garage Y/N | No |
| Status | Active |
| Directions | 7.8 miles from Hobbs. Head north on NM-18 to North World Drive turn right and go north to Pawnee Street. Property sits on the SE corner of Pawnee Street and North World Drive. |
| City | Hobbs |
| Buyer Agent Compensation | 2% |
| Senior Community Y/N | No |
| MLS Area | New Mexico Mls |
| Lot Size Square Feet | 6863313.6 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Pawnee St And N World |
| Property Attached Y/N | No |
| Tax Annual Amount | 144.37 |
| Lease Considered Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=wMt5IFnFdtE |
| Standard Status | Active |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
| Street Suffix | Drive |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Well |
|---|---|
| Lot Size Area | 157.56 |
| Spa | No |
| Lot Size Acres | 157.56 |
| Lot Size Units | Acres |
| Road Frontage Type | Other |
| Open Parking Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Farm Average in 88242
Price
Taxes
Visits
Listing information provided courtesy of the Realtor Association of New Mexico. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
