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000 Matt

Hobbs, NM 88240
  • $403,500
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 20204046
UPDATED: 44 min ago
$403,500
  • 0
    BEDS
  • 53.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Vacant Land / Lots
County:
Lea

School Ratings & Info

Description

The original deed on this property was signed by President Woodrow Wilson-it was a creation of the Homestead Act. Surface minerals (sand, gravel, caliche, etc.) go with the property. Geological reserves of 40,000 cubic yds of excellent quality pit-run caliche are exposed in NE corner of property. The "excellent quality" classification was identified and designated by a long-time professional in the road construction business. Excellent pit-run caliche is worth a minimum of $5/cubic yd-total resource value of $200,000. Above the caliche is a topsoil resource. Approximately 4,000 cubic yds of good brown sandy-loam topsoil can be produced by simple screening. Worth-$35/cubic yd-total resource value of $140,000. It must also be mentioned that a manufactured caliche product may be produced by simple crushing. This product would sell for $40/cubic yd-total caliche resource value of $1.6 million. Excellent quality construction materials located in the heart of Hobbs' future growth area.

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© 2021 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than The Bridges Team with Keller Williams Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2021-11-27T12:15:00.423.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
www.yourhobbshome.com/homes/122536552
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000 Matt Hobbs, NM 88240

  • Price: $403,500
  • Status: Active
  • On Site: 39 Days
  • Updated: 44 min ago
  • MLS #: 20204046
0
Beds
0
Baths
0
½ Baths
53.8
Acres
Neighborhood:
N/A
County:
Lea
Area:
North Of Navajo To Stiles, Lovin
Property Description
The original deed on this property was signed by President Woodrow Wilson-it was a creation of the Homestead Act. Surface minerals (sand, gravel, caliche, etc.) go with the property. Geological reserves of 40,000 cubic yds of excellent quality pit-run caliche are exposed in NE corner of property. The "excellent quality" classification was identified and designated by a long-time professional in the road construction business. Excellent pit-run caliche is worth a minimum of $5/cubic yd-total resource value of $200,000. Above the caliche is a topsoil resource. Approximately 4,000 cubic yds of good brown sandy-loam topsoil can be produced by simple screening. Worth-$35/cubic yd-total resource value of $140,000. It must also be mentioned that a manufactured caliche product may be produced by simple crushing. This product would sell for $40/cubic yd-total caliche resource value of $1.6 million. Excellent quality construction materials located in the heart of Hobbs' future growth area.
Exterior Features

Access To Property OtherPrivate Easement Acres Private 53.8 Improvements FenceNone Soil Type LoamSandy Structure No Terrain Flat

Property Features

Assessments Paid Court Approval No Electric Near-Site Equipment None Fees None Gas Near-Site Home Owner Association No Internet YN Yes Land Type Acreage Other Utilities None Owner Financing No Possession Upon Funding Public Improvement Dist No Reo Bank Owned No Sale Or Rent For Sale Sewer None Short Sale No Sq Ft Source Lea County Assessor & Owner Tax Year 2019 Taxes Amount 3699.15 Terms Of Sale CashConventionalGovernment Third Party Approval No Water None Water Mineral Other Rights MineralOtherSolarWind Water Rights Acres No

Listing courtesy of Edge Realty Group.
© 2021 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than The Bridges Team with Keller Williams Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2021-11-27T12:15:00.423.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
 
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The Bridges Team with Keller Williams Realty
10210 Quaker Ave.
Lubbock TX, 79424