$1,600,000

8416 W Stiles

Hobbs NM, 88240

Description

160 acres total with 152 of Water Rights with 4 wells--two domestic and two irrigation wells--Irrigation wells pumping 2,000 gallons per minute --Some of the best water rights in the region--Income producing crops --Income potential would be up to $120,000 -Most recent income ranging from $40,000 to 60,000 The 3/2 home has been remodeled recently with all new flooring- all new windows -wood flooring in living space and tile and carpet in the kitchen and bedrooms--Newer updated bathrooms and new roof coming July 2017 --Country living at it's best and with the added income potential this is a wonderful opportunity for acreage in Hobbs. Sellers and listing agent are related

Details

MLS#20181510
StyleHouse
Sub-TypeResale
StatusActive
Year1965
Days On Site565

Features

Bed(s)3
Bath(s) 2 Full
SQ Feet1,500
Garage1
Story(s)1 Story
Acreage160.00

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Area Information

StateNM
CountyLea
CityHobbs
Zip Code88240
AreaLea County
Elementary SchoolHobbs
Middle SchoolHobbs
High SchoolHobbs High
Listing VS Median (in 88240)
Price:
$1,600,000
low | high
Med:
$201,500
100% of Average
SqFt:
1,500
low | high
Med:
718
100% of Average
$ / SqFt:
$1,067
low | high
Med:
$71
100% of Average
On Site:
565
low | high
Med:
83
100% of Average
Listing Updated: 11/16/2019
MLS Number: 20181510
Listing Provided By:
CHAD BRIDGES  of  KELLER WILLIAMS REALTY - CL HO