Address
501 E Palace, Hobbs, NM
Price
$ 172,000
Property Attributes
- MLS#20261783
- TypeSingle Family
- Listing Status Active
- CountyLEA
- CityHobbs
- AreaNew Mexico Mls
- Zip88240
- StyleSingle Family Site Build
- Year Built1960
- Taxes$ 430
- Price$ 172,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage998
Data Source:
New Mexico MLS (NMMLS)
Property Description
This charming 2-bedroom, 1-bath home in Hobbs, NM has been completely updated throughout the interior, including a brand-new roof for added peace of mind. Step inside to find a fresh, modern interior with updated finishes, a bright and inviting living space, and a functional layout perfect for everyday living. The renovated kitchen and bathroom add style and convenience, making this home ideal for first-time buyers, downsizers, or investors. Dont miss this turnkey opportunity!
| Elementary School | Middle School | High School |
|---|---|---|
| None/Other Elementary School | None/Other Middle School | None/Other High School |
| Price History | |
|---|---|
| 3/27/2026 | Listed $180,000 |
| 5/12/2026 | 5$172,000 |
General Features
| Living Area | 998.0 |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Utilities | Electricity Connected |
| Possession | Upon Funding |
| Construction Materials | Stucco |
| Year Built | 1960 |
| Stories Count | 1 |
| Topography | Irregular Lot |
| Assessments | False |
| Property Subtype | Single Family Site Build |
| Parcel Number | 4000106920001 |
| County | Lea |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Total Rooms | 3 |
| Full Baths | 1 |
| Status | Active |
| High School | None/Other |
| City | Hobbs |
| Senior Community Y/N | No |
| MLS Area | New Mexico Mls |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | None/Other |
| Property Attached Y/N | No |
| Tax Annual Amount | 430.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | None/Other |
| Lease Considered Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=99WH3brbFmK |
| Living Area Units | Square Feet |
| Standard Status | Active |
| PostalCity | Hobbs |
| Legal Description | LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 1 |
| ADU | No |
Interior Features
| Fireplace Features | Electric |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 2 |
| Total Baths | 1 |
Exterior Features
| Parking Features | None |
|---|---|
| Water Source | Public |
| Spa | No |
| Building Area Total | 998.0 |
| Waterfront Y/N | No |
| Horse 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 Single Family Average in 88240
Price
Taxes
Year Built
Visits
Ruidoso/Lincoln County Association of REALTROS®
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
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.
